Bangalore: It is boom time for students of Indian Institute of Management, Bangalore this year, with a record 70 Pre-Placement Offers (PPOs) having been made for a batch of 250 students.
The offers, the highest across all IIMs in the country, come at a time when final campus placement, which usually takes place in March, is still six months away, IIM-B Placement Committee sources said.
Although PPO as a concept has been known for long, this year it has seen a significant rise in IIM-B. PPOs are offers for final placement made to the students based on their performance during the summer internship at a firm after the first year of MBA course.
Consultancy firms and investment banks form a major chunk of the recruiters.
Firms like McKinsey & Co, Boston Consulting Group (BCG), Bain & Co, A T Kearney and Triology have given PPOs to all summer interns they hired from IIM-B campus last year.
According to Rahul Jain, Principal, BCG, “diversity among students of IIM-B is major contributing factor to this”.
“We have been associated with IIM-B since the last seven years and our experience has always been fantastic. The quality and diversity of students is truly exceptional. Our involvement in the summer programme for the last two years has been very fruitful, with every IIM-B student so far receiving a final offer,” he said.