With a graduating batch of 256 students to be placed this year, IIM Lucknow went into final placements with an air of optimism. This optimism crystallized into reality at the end of Slot Two, as there was wide-spread jubilation on campus with the hallowed mark of hundred percent placements being reached rather effortlessly.
Placements began in November, with companies awarding Pre-Placement Offers (PPO) to their summer interns. The number of PPOs was 90, up from last year's figure of 65. PPOs were given to students by investment banks like
JP Morgan, London, Citigroup, HK, BNP Paribas, Edelweiss Capital, Kotak I-Bank etc...
Prominent recruiters in Higher End Placement Process (known as HEPP for relatively higher work experience students) were Standard Chartered Bank, TSMG, Aditya Birla Group, KPMG, PricewaterhouseCoopers, Ernst & Young, Headstrong Consulting, Cap Gemini, Yes Bank, Infosys, Cognizant, IBM, Hinduja and Essar.
The trend depicted over the last few years continued with key additions to the list of recruiters in HEPP.
Ernst & Young Dubai, Lehman Brothers, Barclays, Deloitte, Citibank, Unitech were some of the new recruiters visiting campus for lateral candidates. A prominent number of recruiters offered international locations to their hires.
This year's HEPP has witnessed Consulting firms make IIM Lucknow their strong-hold with consulting giants Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers, TSMG, Cap Gemini, Headstrong Consulting, Hewitt Associates, Cognizant and IBM making over large number of offers.
With a large number of candidates looking towards financial institutions to pursue their careers, the Lateral Placements at IIM Lucknow did not disappoint with Standard Chartered, Lehman Brothers, Barclays, Yes Bank, among others, offering choicest job profiles. Candidates with prior work experience were hired for higher management profiles. The marked difference this year that position of a Vice-President is being offered by one of the leading tele-communications firm.
A total of 554 offers were made to 256 students, including 32 international offers. Final Placements this year saw a number of consulting firms like
McKinsey & Co., AT Kearney, Ernst & Young, Accenture, Deloitte Consulting, Frost & Sullivan, Hewitt, KPMG, PriceWaterhouseCoopers , TAS and Bristlecone visiting the campus.
IIM Lucknow continued to attract the best organizations in the banking and financial sector and these companies offered a wide spectrum of roles for the students. The major recruiters in this sector included
O3 Capital, Avendus Advisors, Lehman Brothers, JP Morgan Chase, Citigroup, Deutsche Bank, Standard Chartered Bank, Calyon Bank, Kotak Mahindra Bank, ABN Amro, and ICICI Bank.
The stand-out achievement was the number of I-Banks that participated in the process this year, marking the rise of IIM Lucknow as a recruitment hub for the investment banks, brokerage houses and trading firms.All of them offered client facing roles.
Enam Investment Bank, Kotak Securities, Kotak Investment Bank, ICICI Securities, Avendus Advisors, Edelweiss Capital, Angel Broking and O3 Capital were such firms that chose IIM Lucknow for their requirements. Financial Advisory profiles were also offered by consulting companies like E&Y and PWC.
As has been a trend in the past, placements in the field of sales and marketing attracted the best organizations in the world. Corporates such as
HUL, P&G, Johnson & Johnson, Nestle, GlaxoSmithKline, Tata Group, ITC, Marico, Pepsi, Coke, Dabur and Cadbury recruited students in large numbers to spearhead their marketing initiatives. Also media companies like NDTV and Viacom18 recruited from campus.
The number of International offers stood at 32 with companies like Mckinsey, JP Morgan, Citigroup, P&G, Frost & Sullivan, ICICI, E&Y offering positions in locations like London, HK, Singapore, Middle East etc...
This year also saw the third Agri Business Management batch passing out 100% again with flying colours. Various organizations participating in the ABM placement process were ITC, Reliance Industries, Cadbury, ICICI Prudential, ICICI Bank, Standard Chartered Bank and Reliance ADAG among others.
Prof. Pankaj Kumar, Chairman, Placements, attributes this to excellent pedagogy, competencies and values that students acquire at IIM Lucknow. With the economy on a high these students are bound to make the best out of it and lead the way towards a progressive nation.
With this year's placements, IIM Lucknow has yet again proved its standing as one of the top B-schools in the country and has proven to be a preferred destination for organizations, which hand-pick not more than 2-3 B-schools to recruit from. Companies like Mckinsey and AT Kearney fall under this category. If the trend continues, IIM Lucknow students are bound to leave their foot-marks on the global landscape and make the nation proud.
Prof. Kumar reiterates the institute's decision of NOT disclosing salary figures and de-emphasizing it has paid off. It is being highly appreciated by the recruiters, students and society at large and eventually helped in matching the profiles among the students and recruiters which is the main focus of placements at IIML.
Batch after batch, a large number of students start their own ventures and, therefore, don't participate in the placement process. This year again, more than six students are embarking on endeavours in various sectors such as financial services, hospitality, etc. This re-emphasizes the institute's philosophy of creating more entrepreneurs and business leaders.
P.S:- IIML doesnt reveal the salary figures but it would be worth noting that the average salary is about 20% higher than last year's figures and highest among any institute this year till now. The highest domestic salary has created a record of sorts among the IIMs
IIM Lucknow Final Placements 2008 -
08-03-2008, 01:22 PM
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