IIMB Rewrites History on Day Zero
By MBAjunction.com News Service

Friday marked the beginning of final placement process and the story unfolded with a bang at IIM Bangalore! Day -zero of the process saw an IIMB student, being made an unprecedented offer of $1 93,000, and create history as the highest paid graduate, across any of the IIMs. And if that weren’t enough, the institute boasts of having the highest ever offer in India as well, among the IIMs standing at a whopping Rs. 30 Lakh perannum.

Overall, a total of 21 companies took part in the process, including the who’s who of global investment banking , the likes of Goldman Sachs(London , New York), BNP Paribas (Hong Kong), Barclays Capital (London , New York, Hong Kong, Singap ore), Merrill Lynch(Hong Kong, Singapore), Lehman Brothers(New York, London, Tokyo, Hong Kong), Deutsche Bank(London), ABN Amro (Hong Kong), UBS (Hong Kong, London), JP Morgan (London), and HSBC (London), a total of 10 investment banks.

Besides the investment banks, the beeline this ti me included consulting giants . The charge of the consults was led by McKinsey, Bain and Co, Boston Consulting Group , Ameriprise Financials, Deutsche Post (USA, Germany and Singapore), AT Kearney and Diamond Cluster.

A total number of 182 students signed up for the pro cess and by the end of Day-0, 65 of them, amounting to a thumping 34% of the batch, were placed. By sheer proportion the magnitude of this figure stands as the highest among the 3 campuses , at a stunning 1/3 rd of the batch getting placed on Day -zero. This takes IIMB students to every corner of the world like New York, London, Hong Kong, Tokyo, Singapore , Minneapolis and Germany. The institute’s growing reputation of producing specialist students, was underlined by the presence of Private Equity firms like Baring Private Equi ty Partners, news giant Bloomberg (New York) and conglomerates like British Petroleum (Singapore) and Mittal Steel.

The end of day-zero marks the conclusion of what has thus far been a historic recruitment season. The stage is now set for the scene to enter Day -1, with the activity focusing on students interested in careers in Marketing, Retail Banking, IT Services and Consulting. The line up includes FMCG behemoths HLL and PnG, banking stalwarts like Kotak and Citibank, and consults like Accenture and KPMG joining the parade.