IIM-Lucknow praises alumni role in successful placements

The Indian Institute of Management, Lucknow (IIM-L), which placed the largest batch of 366 students across all IIMs this year, has praised its alumni for its active role in successful placements.

Not only 366 graduating students were given 528 offers by 200 companies, 53 of these companies were first time visitors to the campus. The current count of IIM-L alumni is over 3,500.

“Our alumni network is working wonders for the institute, especially in placements,” IIM-L Placements Head Roshan Lal Raina told Business Standard.

“Not only the alumni have been cultivating a very positive image of IIM-L around the world, they have been active in convincing their companies and human resource departments for visiting the campus for recruitment,” he added.

In the recently concluded placement season at IIM-L, headhunters made 528 offers in the finance, sales and marketing, consulting, human resources, general management and information technology spaces.

Some of the first time recruiters were Amazon, Bloomberg, Deutsche Post DHL, Ford, Fujitsu Consulting, Google, HP, IndusInd Bank, Infosys HR, Lenovo, Microsoft IDC, Panasonic and Tally Solutions.

“Finance, sales and marketing have been our forte accounting for 25 per cent and 22 per cent of placements, respectively,” he said. Students were also offered entrepreneurial roles. “Money is no more the sole criteria for students to select a job, more importance is being given to the profile on offer.”

Prominent financial firms included Axis Bank, Baring Private Equity Partners, Crisil, DBS, Edelweiss, Goldman Sachs, HSBC, HDFC Bank, ICICI Bank, JM Financial, JPMorgan, Kotak Wealth Management, Nomura and YES Bank. Key recruiters included Britannia, Castrol, Hindustan Unilever, ITC, Nokia, Pepsi, Procter & Gamble, Raymond and Reliance. Asian Paints, L’Oreal, Olam International and Philips offered Supply Chain Management profiles. Accenture, Deloitte, Ernst & Young, KPMG, McKinsey and Co, PricewaterhouseCoopers, Cognizant Business Consulting and Boston Consulting Group made 82 offers.

IIM-L will be organising its 25th Annual Convocation tomorrow (March 22). Human Resource Development, Communications and IT Minister Kapil Sibal will be the chief guest at the ceremony.