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Finance jobs raining at IIM-Bangalore

Finance jobs raining at IIM-Bangalore

A record 64 per cent of the entire batch of 233 MBA students chose finance and consulting as against investment banking.

New Delhi: Nearly two thirds of IIM-Bangalore graduates have got into finance and consulting jobs, pushing aside last year's popular choice - investment banking.

A record 64 per cent of the entire batch of 233 second-year MBA students chose finance and consulting as against investment banking, which was the hot pick last year.

The whole lot of 233 second year MBA students were placed within the 5-day placement process which ended on Saturday, with 32 per cent each opting for finance and consulting. Student representatives of IIMB's placement committee said, “Only nine per cent of 233 opted for Investment Banking, while 14 per cent went in for marketing and 5 per cent for other offerings."

"Financial remuneration has not been the overriding factor. The students this time have gone in for jobs that interested them", IIMB Placement Committee Chairperson Saurav Mukherjee was quoted by PTI.

Close to 90 companies visited the campus during the final recruitment week, which ended on Saturday. Companies gave Job offers at foreign locations across profiles, "something unmatched across IIMs", Balan said.

The new overseas recruiters were Arthur D little, Al Ghanim Industries, CiC International and Development Bank of Singapore, in addition to recruiters like GM Shanghai, McKinsey, British Petroleum, American Express, Citigroup, Procter and Gamble and the Arcelor-Mittal Group. Out of the nearly 70 overseas offers, 60 were accepted.

first published:March 13, 2007, 01:33 IST