Big consultancies dominate hiring at IIM-B placement

Management consultants such as Bain & Co, Accenture, Deloitte and The Boston Consulting Group were the biggest recruiters from the Indian Institute of Management here, hiring nearly a third of the 409 graduating this year. Venture capital-funded e-commerce companies, toast of IIM placements in recent years, picked fewer students as they focus on stabilising their business models in the midst of a fund crisis. “Though there was a slight dip in e-commerce hiring, the consulting firms hired in larger numbers and helped accelerate the placements,” said Mr. Ganesh N Prabhu, head of the institute's career development services. Around 160 companies came and made 450 offers across 200 job profiles. Around 139 pre-placement offers were made, beside 136 lateral offers for experienced people. "In fact, consulting companies would have hired more students this year if they were available," said a staffer. Eighteen students were offered placements for global locations. Two forwent their pre-placement offers, which included one from a leading multinational financial services entity, to continue on an entrepreneurial venture. Other companies included Goldman Sachs, Kotak Investment Bank, ICICI Securities, YES Bank, India Value Funds and Avendus Capital. Larger companies included the Aditya Birla Group, Reliance Industries, Mahindra Group, Larsen & Toubro and General Electric. Prominent recruiters in information technology included Microsoft, Samsung and Infosys. In IT consulting, IBM and Capgemini recruited. E-commerce had Amazon and Flipkart making 16 and 11 offers, respectively. Other e-commerce recruiters included Uber, Ola, Paytm, Urban Ladder, AskmeBazaar, Hopscotch, and CarTrade. “In addition to the continued interest shown by traditional recruiters, we also saw close to 25 per cent first-time recruiters who hired in good numbers," said Mr. M Krishna, placement representative.

Source : Business-standard.com