IIM-Lucknow concludes final placements

Total 370 offers made

The Indian Institute of Management Lucknow (IIM-L) concluded its final placement process on a high note by placing 315 students, the largest-ever count for a graduating IIM batch. A total of 370 offers were made to 315 students, including 41 pre-placement offers (PPOs) and 123 lateral offers for higher-entry placements.

IIM-L does not reveal the highest salary levels offered to its students. However, sources on the campus said the highest salary package offered this year was Rs 75 lakh by a multinational company for a general management profile.

Although the placement season was much better compared to 2009 when 284 offers were made to 267 students, it pales in comparison to 2008, when 496 offers were made to 256 students.

A total of 121 recruiting companies visited the campus this year. The number during 2008 and 2009 stood at 98 and 103, respectively.

“Several of our students have been offered senior job profiles because 90 per of our candidates had prior work experience, which is highest among all IIMs,” a placement committee member told Business Standard.

Meanwhile, the placement week saw the return of the finance and information technology (IT) sectors in a big way. At the same time, 32 first-time recruiters including Centrum, Microland, Pfizer, Siemens Information Systems Ltd, Suzlon and Thomas Cook also came head hunting to the institute.

Banks and financial sector firms led with 24 per cent of the total offers in investment banking, proprietary trading, treasury, mergers and acquisitions and global risk management. Prominent companies included Calyon Bank, Citibank, HSBC, Standard Chartered, Nomura, Kotak Securities, ICICI Bank, Axis Bank and Yes Bank, among many others. Sales, marketing and IT/IT-enabled services sectors followed closely with 20 and 19 per cent offers, respectively.

Top recruiters, including McKinsey and Co, Procter & Gamble (P&G), Hindustan Unilever, Aditya Birla Group, Deutsche Bank, Deloitte and KPMG were among the 121 companies that participated in the placement process.

While, P&G, Goldman Sachs and Cognizant made maximum offers at 10 each, Yes Bank and Deloitte hired nine and eight candidates, respectively. PPOs were made by Boston Consulting Group, JP Morgan Chase, TAS, Diageo, Agro Tech Foods, Marico, ITC and Reckitt Benckiser.

The Higher-Entry Placement Program witnessed over 100 lateral offers by Olam International, Philips, Goldman Sachs, Yes Bank, Ernst & Young Dubai, Deloitte, Cognizant, Mindtree Consulting, IBM Consulting and Rediff, among others.