IIM Lucknow Achieves 100% Placements for its Students in their Domains of Choice

Saturday, March 21, 2009, 11:09
IIMs
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iiml-admin-2 On the 17th of March, 2009, 267 students of the Batch of 2009 at IIM Lucknow received their Post-Graduate Diplomas in Management and graduated with excellent career prospects. The global recession notwithstanding, IIM Lucknow yet again achieved 100% placements for its students in their domains of choice.

Unlike previous years, the final placement process this year was an extended process spread over two weeks. Over 120 companies, including more than 50 first time recruiters, confirmed their participation in placements at IIM Lucknow. By the end of placements, 105 companies had made a total of 284 offers making it the largest placement process this year across premier B-schools, in terms of the number of candidates placed successfully. Out of the graduating batch, 25 students accepted the Pre-Placement Offers extended to them whereas 7 students chose to start-up on their own. This year, several students also managed to secure lucrative international offers from reputed firms such as Barclays Capital, Frost & Sullivan, Ernst & Young and Alshaya among others.

The Higher Entry Placement Process (HEPP), which facilitates lateral placements at IIM Lucknow, was held from January through March 2009. Ernst & Young (Middle East), Barings Private Equity Partners PricewaterhouseCoopers, IBM, Wipro Consulting, Deloitte, Citibank, Aditya Birla Group, Infosys, TCS, Cognizant and Larsen & Toubro were among the major recruiters that participated in HEPP 2009. A total of 48 students bagged lateral job offers.

This year’s placements showed the rising trend of a change in the focus of students, with almost 31% of the offers being made in the Marketing domain in addition to about 40% of offers coming from the Finance domain. In addition to these, about 16% of the batch accepted Consulting offers while the rest took up offers from HR (5%), General Management (4%), Operations (2%) and Systems (2%) domain.

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This year students received offers from major recruiters like McKinsey & Co, The Boston Consulting Group, Proctor & Gamble, Hindustan Unilever Limited, TAS, HSBC, Axis Bank, ICICI Group, Deutsche Bank, American Express, Frost & Sullivan, Asian Paints, Alshaya, Cadbury, Johnson & Johnson , GlaxoSmithKline and Reckitt Benckiser which have regularly participated in placements at IIM Lucknow.

The students belonging to the Agri-Business stream also performed well to bag offers from major recruiters like ITC, Coca-Cola, PepsiCo and Agrotech Foods with DCM Shriram offering international locations during the placement process.

In addition to these, this year more than 50 companies recruited from IIM Lucknow for the first time. Some prominent ones among these are Jaypee Capital, Siva Ventures, L’oreal, Tholons Consulting, Virgin Mobile, Religare Securities, Darashaw & Co, Allegro Advisors, Eli-Lily, Jindal Steel, Kellogg, Maersk and Bharti Telesoft.

IIM Lucknow also hosted more than 14 PSUs, including some of the Navratna PSUs, in this placement season. Some prominent ones among these are Bank of Baroda, Union Bank of India, ONGC, SIDBI, BHEL, NTPC, SAIL, GAIL and Coal India. PSUs were well received by IIM Lucknow students with 65 offers – highest across all IIMs, being accepted during the placement season.

Summarizing the season, Dr. Sushil Kumar, Chairman – Placements, added, “Despite the market scenario, the campus succeeded in securing handsome job offers for the entire batch, while strengthening its relationship with several regular recruiters and establishing new associations with many firms. The successful conclusion of Placements 2009 at IIM Lucknow has upheld the caliber and potential of this institute.”

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3 Comments on “IIM Lucknow Achieves 100% Placements for its Students in their Domains of Choice”

Pankaj wrote on 22 March, 2009, 7:54
SPJIMR secures 100% placement to students of PGPM programme
SP Jain Institute of Management & Research (SPJIMR) has managed to secure 100% job placement for its fourth batch of Post Graduate Program in Management (PGPM) program.
According to SPJIMR, the PGPM programme comprised 56 participants who have more than 5 years of experience. The programme is uniquely designed to provide middle and upper level management talent to the industry. The HR managers find here potential managers who can be operative from day one of their joining.

While commenting on the job placement scenario, SPJIMR said, “Compared to previous years, the placement has drastically changed and it is not easy for even leading schools to get full placement. Many leading companies who have been regular recruiters have either frozen or drastically reduced their intakes. In such scenario 36 companies participated in this placement with 78 offers for 54 participants. This indicates that the need of talented managers in the middle and upper level jobs continues to remain. Two participants who were on sabbatical rejoined their organizations.”

“After five years of work it was difficult for me to give up a decent salary job to join the college,” says one PGPM participant, “But I knew that at my age, and my profile, the normal career curve would be flat, whereas post this program I am sure not only to get a good jump in the package but the possibilities of my rapid growth will also open up.” Now having got more than 100% increase in his last drawn salary, he says that his decision has been justified.

PGPM student placement co-ordinator Deepak Chandrasekaran of the PGPM program says, “The participants of this batch had left well set careers both in India and abroad in their pursuit to move to middle and senior management roles. The well designed programme, the excellent support from SPJIMR and the industry and the strong profiles of participants have ensured we penetrated a wide range of roles like Associate Vice President, Business Development Manager, Industry Analyst, Senior Principal Information Architect, Executive Assistant to Director to name a few. The PGPM programme is indeed the programme of the future.”

“While we go to B schools for entry level jobs, so far for middle and upper level jobs we only had the choice of relying on market,” Says one HR manager. “But, with this program now we can get experienced professionals who have better internalized the management education in light of their earlier experience and are now equipped for higher positions,” he further says.

Quote from dean of the Institute Dr. M. L. Shrikant “SPJIMR, with a mission to influence the practice and value based growth, has been a pioneer in visualizing the gaps in the education needs in the Indian society and has always been in the forefront in meeting those demands where feasible. The PGPM program and its successful placements in spite of the challenging market conditions is yet another example of the vindication of this strategy.”
Iago wrote on 26 May, 2009, 6:25
The IIM Lucknow placement committee is trying to project this as a big thing that they have achieved 100% placements. If one cares to read between the lines one can see that IIM L had the most difficulty in placing their batch this year which in turn makes this a big thing for them. I don’t know if IIMs should boast of 100% placements, which can can be quite an achievement for a lower wrung B School but not for the IIMs. These are the highest seats of learning which are the toughest to get into and usually have the best students making through. Is a mere achievement of 100% an achievement…? I dont want to go into the companies added and PSUs visiting debate because that is another story altogether exposing the inability of the institute to cope with the downturn. I
am waiting for the day when these institutes distance themselves from media hype around salaries and placements and focus on more important issues keeping their feet firmly on the ground. It is high time that the IIMs start introspecting to deal with this time of crisis.
Sandeep Singh wrote on 3 August, 2009, 12:51
IIML placement committee sucks. Therefore it has been voted against this yr.
The headline of this articles reads “IIM Lucknow Achieves 100% Placements for its Students in their Domains of Choice” and this is a complete crap. Had this been true, these students would not have been quitting their jobs in the first or second months only after joining. A lot of students who joined PSUs have quit already and others will be following the suit soon as they get an alternative. Almost 100% of these PSU students are going to leave their jobs within 2 years. Some of these students have quit without having any alternative and either are sitting idle at home looking for jobs or trying to start up something on their own. We can imagine how intolerable these PSU jobs would have been.
And the claims 100% is true only in papers. 2 students were entirely jobless when they came out of IIML this year and the credit goes completely to the narrow mindedness of then Placement Committee.
Wake up people, this is not a matter to be proud of, look properly its a shame.