Top Indian B-Schools for Investment Banking Placements
Investment banking companies frequently visit prominent business schools in India to recruit top talent. This article focuses on the top B-schools in India that consistently attract leading investment banking firms during their campus placement drives.
Why Choose These B-Schools?
The institutions highlighted below are renowned for their robust recruitment processes and strong alumni networks, which make them attractive to investment banking firms. These schools include:
Indian Institute of Management (IIM) Ahmedabad Indian Institute of Management (IIM) Bangalore Indian Institute of Management (IIM) Calcutta Indian Institute of Management (IIM) Lucknow Indian Institute of Management (IIM) Kozhikode Indian School of Business (ISB) in Hyderabad and Mohali XLRI Jamshedpur SP Jain Institute of Management and Research (Mumbai) Indian Institute of Management (IIM) Indore Management Development Institute (MDI) GurgaonThese top business schools often have a high placement success rate in the finance and investment banking sectors.
Placement Reports and Dynamic Recruitment
Given the dynamic nature of recruitment in investment banking and the varying presence of these firms from year to year, it is advisable to consult the latest placement reports from each school for the most up-to-date information. Recent reports have shown that the presence of investment banks at these schools can indeed influence the placement outcomes for students.
Notable Placements in Investment Banking
Some students have successfully secured placements in investment banking at these schools. For example, Xavier Institute of Management (XIMB) in Bhubaneswar has seen some placements in HSBC's investment banking domain.
Front-Office vs. Back-Office Roles
Within the investment banking sector, there are different roles such as front-office, mid-office, and back-office functions. The most sought-after roles are those in the front office, where investment banking firms recruit a limited number of top-performing students. The leading firms that recruit from these campuses include:
Goldman Sachs Deutsche Bank JP Morgan Morgan Stanley Credit Suisse Barclays Citi Bank of America Merrill Lynch UBSThe top front office roles are predominantly filled by students from IIM Ahmedabad, Bangalore, and Calcutta. With a relatively small number of placements (around 5), these roles are highly competitive.
College-Specific Placement Insights
IIM Ahmedabad, Bangalore, and Calcutta are the primary feeder campuses for major banks for front-office roles in investment banking. IIM Lucknow, XLRI Jamshedpur, and some other institutions also secure a few front-office roles. ISB Hyderabad and Mohali see placements from firms like JP Morgan, although the number is limited and depends on the student profile. JBIMS in Mumbai has a higher chance of securing placements from top-notch investment banks due to the city's proximity to many financial institutions.Other key companies include:
Avista Advisory SBI Capital Markets Motilal Oswal McKinsey RothschildJP Morgan Chase, which is located in Mumbai, also frequently offers placements to students from this city.
Roles in Investment Banking
Within the broader scope of investment banking, students may pursue roles such as MA advisory, commercial banking, corporate finance, treasury, and risk management. However, the competition for front-end roles is intense.
Resources for Further Information
If you're interested in learning more about the profiles sought after by investment banks and the key elements required, you can:
Consult with IIM alumni Follow social media profiles such as @AnuragSinghal Watch videos by Anurag Singhal on YouTube Refer to MBA Crystal Ball Contact Sameer Kamat, founder of MBA CineFor further details on placement reports and resources, check out platforms like MBA Universe YouTube channel and Google Images. Additionally, the latest MBA placements can be found through various educational websites and university placement offices.