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LATEST
NEWS |
10th
March 2010 / Times of India / Bangalore Edition
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 IIM-B grads get sweet job deals
Bangalore: They’re thanking their stars they were not part of last year’s placements, when gloom and doom prevailed. This year offers much hope and promise, at least for students of the Indian Institutes of Management. They’re relieved that the worst of the downturn seems to be behind us and green shoots are springing up all over.
Many firms turned up at the IIMs to snare the best brains. IIM-Bangalore, which concluded its final placement on Monday, has achieved 100% placement for its 270-strong batch in just five days. Last year, the placement period stretched to nine days.
This year, 120 companies came calling, with traditional sectors like banking, consulting, marketing and general management bidding for talent. Companies in emerging sectors like healthcare and energy showed keen interest, offering good deals. “Among first-time recruiters, Narayana Hrudayalaya, the renowned healthcare group, offered senior-level positions to six students,” an IIM-B placement committee member said on Tuesday.
“On Slot Zero (the first day of placement), 90 students accepted offers, a marked increase from last year,” the member said. Some Slot Zero recruiters were Bain & Co., Booz & Co., A T Kearney, Diamond Consulting, Alvarez & Marsal, Nomura and Temasek Holdings. P&G, ITC and American Express made six offers each.
The largest recruiter this time is banking and financial services sector, with 27% of offers followed by consulting (22%), IT & Systems (20%), marketing (12%) and general management (9%) with the remainder accounted for by PE, emerging sectors and PSUs.
IIM-C student gets Rs 1.6-cr pay packet
An IIM-Calcutta student has bagged a record $350,000 (Rs 1.6 crore) offer from a global investment bank in South East Asia, while two more have been offered packages of over Rs 1 crore, making IIM-C the first choice of recruiters with the best pay packets in this year’s campus placements. |
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