The Higher Entry Placement Programme (HEPP) provides an opportunity for students with prior work experience to get choice jobs. This year saw a record of 123 offers in HEPP, compared to 105 last year. The success of lateral placements was unprecedented, given the widespread industry experience of IIM Lucknow students. Major recruiters in HEPP were KPMG Middle East, TSMG, Standard Chartered, PricewaterHouseCoopers, Trilogy, Goldman Sachs, Bristlecone, Headstrong Consulting, JP Morgan, Reliance Industries, Atos Origin and IBM.
There was a significant increase in the number of recruiters in lateral placements with Standard Chartered, Aditya Birla Group, Motorola, Rediff, Larsen & Toubro (offering coveted profiles like Mergers & Acquisitions, Treasury, Corporate Strategy), Yes Bank, KPMG, Unitech, Honeywell Consulting, Infosys Consulting, Dr. Reddys Laboratories being some of the new additions.
There were 554 offers made to 280 students, including 28 international offers. Final placements this year saw a number of consulting firms like McKinsey & Co., AT Kearney, Ernst & Young, Accenture, Deloitte Consulting, KPMG, PriceWaterhouseCoopers, TSMG, 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, Goldman Sachs, BRICS Securities, Citigroup, Standard Chartered Bank, Kotak Mahindra Bank, American Express, ICICI Securities and ICICI Bank.
‘In keeping with the example set by IIM, Bangalore in not releasing the salary packages as they are detrimental to the sanctity of individuals and corporates, IIM-L has also taken a policy decision not to share salary details for its placement purposes.’ says Dr Devi Singh, Director, IIM-L. ‘Needless to say the best of breed recruiters came to IIM-L and offered top line job profiles to our students’ adds Dr Devi Singh
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 P&G;, Johnson & Johnson, Nestle, GlaxoSmithKline, Astro-Usaha Tegas Group, Tata Group, ITC, Pepsi, Coke, Dabur and Cadbury recruited students in large numbers to spearhead their marketing initiatives.
This year also saw the second Agri Business Management batch passing out with flying colours. Various organizations, which participated in the ABM placement process, were ITC, Reliance Industries, Cadbury, ICICI Prudential, Godrej Agrovet, ICICI Bank, Standard Chartered Bank and Murugappa Group among others.
Placements at IIM Lucknow witnessed few key trends this year – a spiking increase in the most coveted consulting and i-Banking jobs, an increase in the median and highest salary figures and quality of the job profiles offered.
Increase in salary figures was as high as 35 – 40 pc while more importance was drawn towards the nature of the profiles that were offered. Global Markets, Global Transaction Banking, Credit Risk Management from Deutsche Bank, the LEAD & LEAP programs from Aditya Birla Group, Capital Markets and Micro-Finance from Standard Chartered, Marketing from Procter & Gamble, Corporate Banking from several banking majors like HSBC, Yes Bank, ICICI, Kotak Mahindra are all indications of increase in recruiter satisfaction with IIM Lucknow. AlGhanim, a Dubai-based retail chain, hired in good numbers, while also opting to choose one of the students to manage the recently commenced Indian operations. This is testimony to the capability of the students that explains both the increase in the compensation figures and the new job profiles that were offered.
‘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 reinforced its presence in the Ivy League B-schools in the country’ says Prof Pankaj Kumar, Chairman- Placement Committee, a
The statistics for IIML’s final placements 2007 are given below:
Statistics of Placement 2007
|Current Year||Last Year|
|No. of Students||280||249|
|No. of Offers made||554||491|
|No. of Offers for foreign Placement||28||24|
|No. of Offers for Indian Placement||526||467|
|No. of Pre Placement Offers||65||30|
|No. of Higher Entry Placement Offer||123||105|
|Offers during placement week||366||356|