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IIM-Bangalore
Around 100 of 250 students at IIM-Bangalore have been placed through pre-placement and lateral offers by financial giants Goldman Sachs, JP Morgan, Bank of America-Merrill Lynch, Royal Bank of Scotland and UBS and consulting firms like McKinsey, Bain & Co, BCG and AT Kearney.
“This year, more banks and venture capital firms have evinced interest compared to last year’s final placements. PSUs and NGOs are also in the queue,” said a person familiar with IIMB’s placement procedure.
Most investment banks have recruited students through laterals and preplacement offers. “However, some investment banks and venture capital firms such as HSBC and Pacific Capital will be doing recruitment at IIMB during the final placements,” the person added.
IIM-Ahmedabad
Akin to IIM-Ahmedabad, most IIMs have started rolling placements this season in which companies take their time to recruit students rather than finishing the placements in a period of 5-10 days.
The placement scenario at other international B-Schools such as Harvard, Wharton, LBS and Kelloggs is also expected to be positive. “Finance is still a very significant part, where our students choose to go. Before the crisis, around 40% of our students were going into financial services. This year, we expect close to 30% choosing finance,” says professor David B Yoffie, senior associate dean at Harvard Business School.
At IIM-Ahmedabad, the second cluster of the cohort-based final recruitment process began on Friday. The firms conducted group discussions and the interviews started on Saturday. According to recruitment secretary Himanshu Nema, “One of the innovations this year of separating GDs and interviews proved crucial in improving the interviewing experience for both interviews and students. A considerable amount of pressure was released from the system, thereby firms and students interacted in a better fashion, hopefully resulting in better hiring decisions.”
IIM Lucknow
At IIM Lucknow, around 290 of this year’s batch of 320 students have been placed. Sources said Olam International, a Singapore-based supply chain manager of agricultural products, and Bank of Muscat have offered international salary packages of $150,000 while as JP Capital and consulting firm McKinsey have offered domestic salaries of Rs 20 lakh per annum.
IIM Kozhikode
At IIM Kozhikode, which recently commenced the final placement, some 100 of 280 students have been placed by Goldman Sachs, Royal Bank of Scotland, Deutsche Bank, KPMG, Deloitte, McKinsey, Pepsi and Pfizer. “Some companies have offered salary packages of Rs 45 lakh per annum,” a source said.
IIM Indore
At IIM Indore, 85% of 240 students have been placed, with top recruiters being HSBC, Deutsche Bank, Standard Chartered, JP Morgan, Morgan Stanley, Edelweiss and FMCG companies. “P&G has made the largest number of offers. The average domestic salary is around Rs 12 lakh per annum,” said a source. “Real estate and energy companies such as Suzlon are also making recruitment at the campus”, the source said.
This year, IT companies are hot among IIMs. When Infosys Technologies wanted to transform itself from technology-focused to a more customer-centred, the effort started at B-schools. To get the executive buy-in, the Bangalore-based firm didn’t take engineers for the job — typically the norm for such a mission. Instead, it went to IIMs. Infosys has made 450 offers at B-schools — the highest this year and is offering a starting salary package of Rs 11 lakh per annum. “We are hiring them for consulting jobs. Our conversion rate has been 93% at top B-Schools such as IIMs. Earlier, it used to be 63-70%,” said Nandita Gurjar, Infosys senior VP in HR. A similar trend is being seen in other companies as well.
IIM Calcutta
At IIM Calcutta, over 100 of 280 students have been placed.The recruiters include Cognizant Business Consulting, Delloite, Hinduja Group, Aditya Birla Group, Accenture Business Consulting, Mahindra & Mahindra, Virtusa, Essar and Bristlecone. IIM-Calcutta has witnessed an increase in the packages offered to the students, with a few offers above Rs 20 lakh per annum
IIM Shillong
Sources said 54 of 64 students have been placed at IIM Shillong, with top recruiters been McKinsey, HSBC and Infosys. “The highest domestic salary is around Rs 18 lakh per annum, while the international salary package is around Rs 30 lakh per annum”, said a source.
Tags: IIM A, Placements 2010, 2010, Placements 2009-10, Placement updates, MBA, IIM , IIM’s,
Source : Economic Times
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