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Finance still rules summer placements at IIM-B
BS Reporter
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November 18, 2008
The number of companies invited sees a 50 per cent jump over last year.
In spite of the global economic meltdown, finance  still was the dominant flavour at the Indian Institute of Management, Bangalore (IIM-B) campus, when it came to summer placements. The sector, along with investment banks, formed 21 per cent and 20 per cent of total recruiters visiting the campus, respectively.
Around 45 per cent of the batch was placed in financial sectors including investment banks during the summer placements, which were wrapped up within four days. However, placements on Slot Zero dropped by 9 per cent as compared to last year.
With more students finding potential in domestic market, international offers took a dip. As compared to 105 students taking up international offers last year, only 85 students were placed this year. "The decline in international offers is because fewer international offers were made and some students preferred to opt for domestic placements," said Aditya Kashyap, member, students] placement committee at IIM-B. Firms making international offers included ICICI Bank [Get Quote], Bank of Muscat, UAE Exchange and Result.
As compared to 65 firms visiting IIM-B last year, around 110 companies participated in placements, an increase of 50 per cent. "This year we had called more number of firms as compared to last year since we knew the number of offers made by each company would have declined," said.
 Investment Banks 43 per cent
 Consulting 21 per cent
 General Management 16 per cent
 Private Equity 8 per cent
 Financial Services 5 per cent
 Investment Banks 20 per cent
 Financial Services 21 per cent
 Consulting 23 per cent
 General Management 14 per cent
 Marketing 13 per cent
 Private Equity 4 per cent
 Others 5 per cent
Saurav Mukherjee, chairperson, placements, IIM-B, said the average number of offers per firm declined from 4 last year to around 2.5 this year.
The placement committee reported the average domestic stipend of the batch had increased as opposed to dipping. The committee, however, declined to provide details of the stipend offered to students.
Among the first timers to the campus included Booz and Co., ICRA Management Consulting, New World Consulting, Technopak Consulting etc.

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