Now, Bangalore is the hub for finance

By siliconindia staff writer   |   Monday, 22 March 2004, 08:00 Hrs
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BANGALORE: With global finance in an upturn, finance graduates from the countryÂ’s top B-schools can look forward to a summer of content, reports Economic Times.

But which schools do recruiters favour when it comes to the arcane world of option deltas and stock betas? The IIMs clearly rank top of mind, with the first five spots in the finance ranking held by them.

In fact, the ranking for finance correlate well with the overall ranking, with the notable change that IIMB , which finishes second in the overall results, takes top spot in the finance rankings.

This is a departure from last yearÂ’s result, which placed IIMA at the top and is despite the fact that some top foreign investment banks are present exclusively at that campus during placements.

“Our finance faculty is about the best in the country or the best in this part of the world, comparable to many world-class institutions,” says Prakash Apte, director, IIMB.

So what makes these institutes top the finance sweepstakes? Among the 59 recruiters surveyed who ranked IIMB among the top 3 for finance, 40% mentioned quality of faculty as the reason for their choice. Another 20% considered the institutes reputation and infrastructure offered as decisive.

Faculty and reputation seem to be dominant themes when it comes to ranking institutes in the top 3 in all streams, with infrastructure also being cited often. Joel Farnworth, head, HR, HSBC India, says that the factor they consider most relevant for recruiting from a particular institute is “the performance and potential of individuals from those institutes in our organisation”.

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