Diverse Profiles Offered Across All Functional Domains Highlight IIM-L Summer Placements

Diverse Profiles Offered Across All Functional Domains Highlight IIM-L Summer Placements

"Changes are always for the better," they say, and that's exactly how it has been at Indian Institute of Management, Lucknow (IIM-L) with the summer placement week coming to an end recently. Records tumbled as some students walked away with internship offers that will fetch them 10,000 pounds (8 lakh INR) and a 70% increase in the average stipend figure, in comparison with the previous year. Internationals offers skyrocketed this year and the institute boasts of top-notch recruiters - JP Morgan (London), Citibank (Hong Kong), BNP Paribas (Singapore) to name a few.

The summer placements concluded on the 8th of November. A total of 312 offers were made for a batch of 278. There was enough reason for cheer on the campus. The defining element of the summer placements this year has been the profiles that have been offered to students across all functional domains. The profiles on offer included Treasury, Investment Banking, Corporate Banking, Private Equity in the domain of banking and finance, much to the delight of the students as these typically constitute the higher-end of the value chain. Further, this would also give an opportunity to these students to compete with the likes of those from Ivy League B-schools from across the world. The institute has indeed made an impact with the recruiters this year, as can be seen from the diversity and significance of the profiles offered as well as the stipend figures.

There were several firsts this year, especially among the top recruiters on campus. International offers from JP Morgan, Citibank, Deutsche Bank, BNP Paribas, ICICI, TAS, Procter & Gamble, high profile designations from Baring Private Equity, Lehman Brothers, Goldman Sachs, Edelweiss Capital, Headstrong, Deloitte and several others ensured that the aspirations of students were met.

Consultancy firms on campus included Accenture, Headstrong, Deloitte, KPMG, PWC, SAP, Hewitt Associates whose functional areas spanned Banking, Financial Services, IT, HR etc., thus, exposing the students to a slew of possibilities available through a career in the domain of consultancy.

Those aspiring for internships in finance (investment/corporate banking, private equity, wealth management and retail banking) found favour with top recruiters like JP Morgan (Investment Banking, Private Equity), Citibank (Treasury, Corporate and Retail Banking), Deutsche Bank, Kotak Bank (Investment Banking and Wealth Management), ICICI International, Baring Private Equity, Avendus Advisors, etc.

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Contributed by -
Ajay Chauhan,
Media Relations Committee,
IIM Lucknow.

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