IIM-L Goes to Summer Placements With All Guns Blazing

IIM-L Goes to Summer Placements With All Guns Blazing

The atmosphere is electric on IIM-L campus right now and expectations from the upcoming summer placements for 2007 are running high, and rightly so after the spectacular success of the final placements last year. This year the number of companies coming to campus as well as the stipends offered are expected to increase substantially.

An unprecedented increase in the number of companies coming for summer placements 2006 has only added to the excitement and expectations. In total, over a hundred companies would be coming down to campus to battle it out for biggest and the best slice of the 285 strong batch of talented young managers at IIM Lucknow. International recruiters form 25% of this pie.

Some of the big international recruiters coming to campus include JP Morgan-London, Citigroup-Hong Kong, Baring Private Equity, TAS, etc. International positions offered include locations in the USA, Europe, Middle East, Hong Kong and Singapore. Number of investment banking offers is also likely to increase with some of the well-known I-banks looking forward to recruit from IIM-L for the first time.

The institute boasts of tremendous increase in stipends this year. The highest stipend offered so far is 1 lakh INR per month, and this figure is likely to be surpassed with international recruiters yet to disclose their offers. The median figure also has increased by 35% over the last year figure.

A great diversity in the interests and background of the students makes the task of the company executives challenging. 53% of the batch has prior work experience, thereby lending a good balance to the batch. The duration of work experience among students varies between 6 months to 18 years. A healthy diversity in the batch ensures a rich learning experience for the students.

IIM Lucknow has surpassed all previous records of pre-placement offers in past. With 50 PPOs already offered as compared to a total of 40 last year, the count is expected to go much higher. Summer placements attain special significance as students look at internship as a first step towards choosing their final career.

Summer placements are also significant as they pave way for a pre-placement offer (PPO). The batch of 2006 had 40 PPOs, and in comparison the batch of 2007 already boasts of 50 PPOs. This trend holds promise for the current batch appearing for the summer placements.

"Of course, along with the hard work, luck is also an influencing factor in the summer placement process, with each student sitting for well over 10 interviews in a day. Therefore, our best wishes are there for the 1st year students for the big week ahead," says a second year student at IIM Lucknow.

Concluded.

Contributed by -
Ajit Barik,
Media Relations Committee,
IIM Lucknow.

MBA Alumni \| MBA Students \| MBA Aspirants \| MBA Forums