Consultancy firms lead recruitments so far at IIMs

A file photo of recruiters at the IIM-A campus in Ahmedabad. Photo: MintA file photo of recruiters at the IIM-A campus in Ahmedabad. Photo: Mint

New Delhi: Bain & Co., Mckinsey & Co., Accenture Plc and other consulting firms dominated the final placements at the Indian Institute of Management, Bangalore (IIM-B), hiring more than 30% of the business school’s 400-strong batch.

Consulting firms were also among the top recruiters at IIM-Lucknow and IIM-Kozhikode.

IIM-Kozhikode got 99 offers from consulting firms and IIM-Lucknow 93. Finance and marketing were the other two sectors from where students got good job offers.

IIM-Kolkata and IIM-Ahmedabad will complete their placement early next week.

Bain & Co (with 17 offers), Accenture Strategy (16), Deloitte (14), Boston Consulting Group (13), AT Kearney (11) and McKinsey & Co. (8) were the top recruiters this year at IIM-Bangalore. Other consulting firms that hired from the institute were Strategy&, Roland Berger, Alvarez & Marsal and GEP Consulting, the Bengaluru-based IIM said.

“Even though there was a slight dip in e-commerce hiring, the consulting firms hired in larger numbers and helped accelerate the placements,” said Ganesh N. Prabhu, chairperson, Career Development Services at IIM-B.

As many as 160 companies made a total of 450 offers to 409 students looking for a job. There were as many as 139 pre-placement offers extended to the students based on their performance during the internship. There were also 136 job offers for students with more than 22 months of work experience.

IIM-B said reputed banking and financial companies, including Goldman Sachs, Bank of America-Merrill Lynch, Deutsche Bank and Citibank NA recruited on the first day of the final placement earlier this week. Goldman Sachs made 14 offers, the highest among financial firms. Among Indian financial firms, ICICI Bank led the pack with 11 offers.

Among conglomerates, Aditya Birla Group made the maximum offers at 11. Among the 18 international offers, Kuwait’s Alshaya, a retailer, recruited nine students this year.

Meanwhile at IIM-Lucknow, the three segments based on roles offered to their 446-strong batch were sales and marketing (25%), finance (22%), consulting (21%). The recruitment drive was over in three days earlier this week after 160 domestic and international recruiters offered jobs to their entire batch. In consulting, Accenture and Boston Consulting Group were the top recruiters.

Neither IIM-Bangalore nor IIM-Lucknow revealed salary details, though both the institutes said that they are satisfied with the offers. IIM-Kozhikode and IIM-Rohtak who completed their placement last month had reported a 12.5% increase in average salary.

Ulhas Vairagkar, an alumnus of IIM-A and founder-mentor at the Vanguard Business School, Bengaluru said that IIMs and leading business schools in the country will not see any problem in placement and the average salary hike will continue to grow as companies scout for good talents across top campuses.