Consulting top recruiting sector at IIM-B; e-commerce slows

Consulting and banking emerged as top sectors in the recently concluded placement season for the 2015-2017 Postgraduate Programme (PGP) batch at the Indian Institute of Management here (IIM-B) this year.

The consulting sector was led by The Boston Consulting Group (BCG) and Accenture Strategy, which made 20 and 14 offers, including pre-placement offers (PPOs), respectively. Consulting firms in all took 30 per cent of the 411-strong batch, similar to last year. However, interest dipped from the e-commerce sector this year as compared to last year, IIMB stated.

"We experienced a qualitative improvement in the placements. Increased hiring by banks, consulting and consumer goods firms compensated for firms that could not participate," said Ganesh N Prabhu, head of Career Development Services at the institute.

A total of 160 recruiters from India and abroad across sectors participated. Around 10 students opted not to be placed, to pursue entrepreneurial or other opportunities.

Students received a little over 450 offers across 200-odd job profiles, apart from another 133 of 162 PPOs being accepted before the start of the final placements, based on students' performance during the summer internship.

Among the banks, Goldman Sachs made 14 offers. YES Bank and ICICI Bank made seven and six offers.

In strategy consulting, after BCG and Accenture, there were McKinsey & Co, Bain & Co, Deloitte and AT Kearney. Local e-commerce player Flipkart was represented by Myntra, which hired two people. Amazon gave 12 offers.

Conglomerates recruited in large numbers for their leadership tracks and general management positions, with the Aditya Birla Group leading with 10 offers, followed by Wipro Global, Bharti Airtel and Jindal.

New recruiters, which rose in participation by 25 per cent over last year, saw Sprinklr making six offers, followed by Sterlite Power, BNY Mellon, Power Finance and Vedanta.