However, CNBC-TV18's Vineetha Athrey reports the mood at IIM Bangalore is quite upbeat this time around, especially in light of all the fears of slowdown. The top officials sources have shared the broad perspectives of some of the large trends around. There are no brutal shocks; things are pretty much in line with their expectations. Last year’s recruiters have returned this year, although the total number of offers from each one of them has gone down considerably.

Financial companies and consulting firms are still the frontrunners despite all fears. Last year, 80% of jobs were from financial companies, which has gone down this year. However, both these sectors have made equal number of offers. Apart from that, media and infrastructure companies have also shown greater interest in recruiting students this time.

Earlier, placement officials had said that IT would be a good option because a lot of IIM B students are engineers and have an IT background. But now they say things could be different now, because people who have had experience in the IT sector may want to try hands in some other sectors. Also, a lot of recruiters are looking at summer placements as a form of investment because these students will mostly be given pre-placement offers in 2010. The officials say that because the drawback in that year is likely to be much better than now, they don’t want to let go off this opportunity.