Deloitte, BCG & AT Kearney lead final placements at IIM-B
Following a successful round of summer placements, the Indian Institute of Management in Bangalore (IIMB) has seen fruitful lateral and final placements as well, recording 462 offers from more than 140 companies for the placement of over 400 students. More than 100 of these offers were from the consulting sector.
Founded in 1971, IIMB is one of the earliest additions to the prestigious IIM network, and today ranks as the best business school in India. With the exception of IIM Ahmedabad, IIMB is the only business school in India to have received five palmes of excellence, classifying it as a “universal business school with strong global influence.”
Each year, the institute has a summer round of placements and a subsequent round of lateral and final placements towards the latter half of the academic year. The institute has maintained an impressive 100% summer placement record, and performs strongly in its final placements as well, supplying employees to some of the leading firms around the world.
The latest round of lateral and final placements at the institute has been another successful one, placing 420 students in a range of sectors, including banking, IT, telecom, healthcare, ecommerce, and retail. One of the most active sectors in this year’s final round, however, was the consulting industry.
Top consulting employers
A total of 462 offers were made at the event, 118 of which came from consulting firms of large global and regional stature. Of these, Big Four professional services firm Deloitte made the most offers, with a total of 18. The firm has been on an aggressive quest for talent over the last year, having raided Big Four rival KPMG for more than 300 employees last year. The firm will also be recruiting talent for its new digital segment in the country.
The second highest number of offers, at 17, came from the Boston Consulting Group (BCG), a firm that has also declared its plans for expansion and aggressive recruitment in India over the next year, encouraged by its success and rapid growth in the country. A.T. Kearney was the third most active recruiter, tabling a total of 16 offers.
Accenture, which has recently announced a partnership with Microsoft to foster innovation in India, was the fourth largest recruiter with 14 offers. Prestigious management consultancies McKinsey & Company and Bain & Company both tabled 11 offers each, which holds promise for the professionals now in their ranks.
McKinsey has seen considerable growth in its Indian operations in recent years, as has Bain, having recently opened a fourth office in India. Both have also been established as promising firms to work for. McKinsey, alongside Deloitte and Accenture, made it to LinkedIN’s list of the top 25 companies to work for in India. Bain, meanwhile, has emerged as a breeding ground, of sorts, for successful entrepreneurs.
Other names on the list in terms of management consulting were EY-Parthenon in Singapore with five offers, and Nomura Research, also with five. The management consulting domain made up 34% of the offers at the event.
In the technology consulting domain, Big Four firm PwC was the top recruiter with 12 offers, which comes as no surprise as the firm recently launched two major cloud platforms in India. Accenture’s technology arm was the second largest recruiter in this domain, with six offers. Other recruitments in this domain came from Larsen and Toubro Infotech Consulting with five offers, and Cognizant Consulting with four.
