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IIM, Bangalore Concludes Final Placements for PGP batch 2013

Published On: 15 May 2013 | Last Updated On: 20 May 2013

Indian Institute of Management (IIM) Bangalore has successfully concluded its final placement process for passing-out PGP batch of 2013 with an average annual salary package of Rs. 17.30 lakh per annum. The prominent recruiters for this year include HCL, Ranbaxy, Deutsche Bank, Bank of America, Royal Bank of Scotland, Aditya Birla Group and Tata Administrative Services (TAS), Mahindra Group, RIL, DTDC, Standard Chartered, Cisco, Kotak Mahindra Bank, Goldman Sachs, Cipla, Hinduja Group, HSBC, Citibank amongst many other prestigious firms. This year IIM-B witnessed 145 firms extending 409 offers to the batch of 381 students. Out of the total batch strength, a total of 12 students opted out of the placement process.

Placement Statistics:

Number of Students Participated

381

Number of Companies Participated

145

Total Offers made

409

Final Placement Offers Made

213

Pre-placement Offers Made

97

Lateral Offers Made

99

Overseas Postings (Offers)

21

Mean Salary Offered

Rs. 17.30 lakhs p.a.

Median Salary Offered

Rs. 16.50 lakhs p.a.

Sectoral Break Up:

The final placement season for the class of PGP 2013 at the Indian Institute of Management Bangalore (IIMB) witnessed the participation of many conglomerates offering leadership roles to students who will work closely with senior leaders and would be responsible for organizational transformation adapting to dynamic business environments. The candidates selected for Reliance Industries Ltd.-Strategic Services Unit would work towards enabling the Chairman's Office to guide and set the direction of long term strategy for RIL. HCL Technologies participated with a unique initiative - Entrepreneur@Residence, under which candidates selected will have a chance to work directly under Mr Shiv Nadar, Founder & Chairman, HCL. With regular participation of Aditya Birla Group and Tata Administrative Services (TAS), other recruiters who visited campus for leadership programs were Cisco, Mahindra Group, Hinduja Group, Kotak Mahindra Bank, Cipla, DTDC and Ranbaxy.

Twenty-one students were offered international placements from various firms for global locations. Seven students opted out of placements in pursuit of entrepreneurial ventures; one of these will work towards improvement of primary education in rural India.

IIMB played host to international banks such as the Bank of America, Citibank, Deutsche Bank, Goldman Sachs, Royal Bank of Scotland, Standard Chartered, HSBC and Swiss Investment bank UBS on the first day of Final Placements. The first day also saw participation of Avendus Capital and New York based hedge fund, Arga Investment. Premier private equity firm, the Blackstone Group (London) and consulting firms Greenwich and Roland Berger, hired exclusively from IIM Bangalore offering international locations.

In the consulting domain Boston Consulting Group made 12 offers, making the consulting major top recruiter this year. Consulting majors McKinsey, AT Kearney, Bain and Booz along with BCG saw 34 offer acceptances.

Many students also chose marketing and sales functions and were extended offers from major consumer goods and services firms. Procter & Gamble made five offers based out of Singapore and India. PepsiCo and Airtel offered international and Indian profiles to students selected. Other major recruiters who offered marketing roles to students were HUL, Nestle, Kraft Foods, Asian Paints, GlaxoSmithKline, L'Oreal and Nokia. Amazon and Microsoft made 11 and 8 offers respectively. In the IT consulting domain, prominent recruiters who visited campus included Cognizant, IBM, Capgemini, Genpact and Glopore IMS among several others.

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