I-banks scoop up IIM grads as slowdown casts a cloud

Investment banks are hiring management graduates from top Indian business schools despite concerns about the slowing economy, according to placement executives. Some banks are tweaking their hiring strategies, with those offering interns permanent jobs skipping the final placement process. The number of offers at final placements rose at some schools, but executives warned uncertainty could impact placements in the future. While the nature of transactions that require investment bankers in India has changed, the market sentiment remains bullish, said an executive at a mid-sized investment bank.

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