IIM Bangalore placements 2011: ICICI, Deloitte, McKinsey largest recruiters

The Indian Institute of Management (IIM), Bangalore completed final placements for its PGP batch of 2009-11 with 461 offers from 135 companies. ICICI Bank recruited the most with 19 offers followed by Deloitte Consulting and McKinsey & Co who made 17 and 12 offers respectively.

The PGP 2009-11 batch strength was 348, of which 16 students deferred their placements with the stated intentions of starting their own businesses.

Total number of students 348
Opt-outs 16
Students who appeared for placements 332
Number of companies that made offers 135
Total number of offers 461
Average offers per student 1.39
Final placements 230
Lateral offers 147
PPOs 84
Domestic offers 387
International offers 74

Finance and consulting companies recruited the largest number of students.

The top 5 recruiters left with almost one-fifth of the batch.

Top 5 Recruiters

Offers Made

Offers Accepted




Deloitte Consulting



McKinsey & Co.



Yes Bank



Infosys Consulting




Investment banking roles contributed to 20% of the offers while Private Equity, Venture Capital, Private & Wholesale Banking, Treasury, M&A; and others contributed to the remaining 16% offers from Finance. Goldman Sachs made 7 offers across investment banking and securities divisions. Barclays Capital, Citi Global, Deutsche Bank, HSBC Global, BofA-Merill Lynch, Morgan Stanley made offers in the investment banking division for Mumbai, Hong Kong and Singapore locations. UBS recruited students for three desks across Asia-Pacific locations. A Europe-based Bank offered an associate position in the Netherlands. Olam International offered Commodities Derivatives Trading profile to five students for the Singapore location. Companies that had recruited by making pre-placement-offers were Barclays Capital (Hong Kong), Citi Group, Deutsche Bank (London), HSBC Global, JP Morgan, Bank of America-Merrill Lynch, Nomura, Royal Bank of Scotland, Rothschild and Standard Chartered Global across New York, London, Hong Kong and Singapore locations. Morgan Stanley (Hong Kong) offered an associate position to one student. Private Equity firm Blackstone Group recruited one student for their Real Estate Fund. Chrys Capital and o3 Capital too recruited from IIM Bangalore. A venture capital fund picked up one student.

Other recruiters from the finance sector were American Express, Anand Rathi, Allegro Advisors, Avendus Capital, Axis Bank, BNP Paribas, Capital One, Citi Bank, Edelweiss, HSBC, ICICI Prudential, India Infoline, JM Financial, Kotak Wealth, Standard Chartered and Yes Bank.


AT Kearney (9 offers), Boston Consulting Group (7 offers), Bain & Co (7 offers) and McKinsey & Co (12 offers based out of India, Sydney and Brussels) were the largest recruiters. Arthur D Little and Oliver Wyman made offers for New York, London and Dubai locations. Some of the other consulting firms that recruited at IIMB were Accenture, Alvarez & Marsal, Booz & Co, Deloitte, Ernst & Young, EXL Services, Infosys Consulting, KPMG, PwC, and Siemens Management Consulting.

Sales & Marketing

Hindustan Unilever (5 offers) and Procter & Gamble (9 offers) were the largest sales/marketing recruiters and offered positions for marketing profiles in India and Singapore. Some of the other recruiters from this sector were Aircel, Airtel, Asian Paints, Aviva, BMGI, Britannia, Diageo, ITC, Johnson & Johnson, Marico, Nokia, Philips and Videocon. Myntra offered the role of Executive Assistant to the Founder while Comviva recruited one student for the role of Chief of Staff.

General Management & others

Around 7% of the offers came from the General Management sector while the remaining 6% of the offers came in the form of Operations & Product Management roles. Aditya Birla Group made offers to 7 students. Some of the other major recruiters in this sector were Essar, Hinduja, Mahindra & Mahindra, Lodha group, Reliance Industries and Tata Administrative Services. Ingersoll Rand offered the Entrepreneurial Management Programme to 3 students at IIM Bangalore. Narayana Hrudayalaya, a multispecialty hospital, visited campus for the second consecutive year and offered Vice President positions to four students. Global e-Procure recruited three students for supply chain consulting profile.

HCL, Intelenet, McAfee, Microsoft and NetApp offered Product Management profiles. Some of the other firms that participated in the recruitment process were Amazon, Heidrick & Struggles, DPDHL (Singapore), Google, ITW, Jindal Steel & Power Ltd, MTS, SunEdison, TVS Logistics and ZS Associates.

Overseas placements

A total of 74 international offers were made, of which 54 were accepted. The most number of international offers came for jobs based out of Singapore, Hong Kong and London, primarily from Finance companies.

Lateral placements

Those with more than 22 months of fulltime work experience were eligible to participate in lateral placement process. More than 50 companies visited IIM Bangalore as part of the lateral recruitment programme. The total number of offers made during lateral placements was 147 out of which 73 offers were eventually accepted. Management consulting was the biggest recruiter with close to 55% offers coming from this sector. Deloitte Consulting with 13 offers and Infosys Consulting with 12 offers were the biggest recruiters in this sector. Other major recruiters were Accenture Management Consulting, Ernst & Young, PwC, Heidrick & Struggles (Singapore), Cognizant, Wipro, ZS Associates, Siemens Management Consulting and DPDHL (Singapore). Around 15% of the offers were General Management profiles. Aditya Birla Group was the biggest recruiter with 7 offers. Some of the other recruiters from this sector were the Hinduja Group, Adani Group, Reliance Industries, Schneider Electric and Mphasis. Close to 10% of the offers came from the finance sector. Yes Bank made a total of 7 offers across Investment Banking, Risk Management, M&A; and Treasury. Private equity fund ChrysCapital recruited 2 students for associate positions. The biggest highlight was a Europe-based bank (name undisclosed) which recruited an IIM Bangalore student for an associate position based out of Netherlands. Rest of the offers came from Sales & Marketing, Operations and Product Management sectors. Some of the firms from these sectors were Philips, Microsoft, McAfee, Google, HCL, InfoEdge, Indus Valley Partners, SunEdison, MTS, Mindtree, Unisys, Infotech, Jindal Steel, Intelenet, NetApp and Technopak.

Acceptance of offers

The ratio of offers accepted to offers made was the lowest during lateral placements. Whereas more than 87% of offers made during the final placements were accepted.

With 65% of the lateral jobs comprising Consulting and Finance offers and acceptance rates for consulting and finance PPOs being as high as 80%, it is clear that recruitment decisions for the most plum finance and consulting jobs are preordained in favour of people with work experience, strong academics or both. Those getting PPOs from these companies would have gotten a summer internship largely on the basis of their pre-MBA profiles.

Another interesting statistic shared by IIM Bangalore shows that acceptance ratios for different types of offers have been falling since the economy improved after the 2008 recession. While in 2009 students accepted whatever offers that came their way, students are now becoming pickier.

This year, IIM Bangalore students have rejected the maximum proportion of overseas offers in 5 years. The interest in PPOs too has fallen by a third since 2009 and nearly two-third of students who interned in sales and marketing, general management and operations profiles have rejected their PPOs in favour of a likely better offer during final or lateral placements.

It is likely that b-schools in the same grade too would be following similar trends.

Salary data for IIM Bangalore placements is unavailable as the institute has maintained a no-salary-disclosure policy since 2006.