Entrepreneurial Ventures Found Favour with IIM Lucknow Students During Summer Placements

Entrepreneurial Ventures Found Favour with IIM Lucknow Students During Summer Placements

Detailed Break-Up of Placement Figures

IIM Lucknow hosted a total of 114 companies on campus, which is an increase of 15% over last year. This was in line with IIM-L's strategy to invite more companies, as well as

build diversity in terms of the sectors available for students to intern in. Companies from across industries reciprocated with great enthusiasm, as is evident from the number who recruited. This also resulted in new relationships established between the institute and more than 25 companies, who participated for the first time.

While several verticals and sectors including Supply Chain Management & Operations, IT & Systems, Human Resources, etc., saw substantial representation in IIM-L process, the bulk of the offers as well as a majority of the student preferences was in the following 4 sectors this year: -

Finance: 32% of the batch will be interning in Finance roles within Investment banks, PE firms and other banking and financial services institutions. This represents an increase of 25 offers made by these organizations over last year.

Strategy & Consulting: An exciting trend is that 34% of students will have internships in Strategy & Consulting based roles within top consulting firms like McKinsey &Co., The Boston Consulting Group, PricewaterhouseCoopers, etc., as well as in conglomerates like the Tata Group, Aditya Birla Group and RPG. This was in line with the expectation of the students, who are rich on prior work-experience in terms of duration and quality. Thus, the number of students in the Strategy & Consulting function has seen a dramatic increase over last year's number which was 27% of the batch.

Marketing: 90 students have opted for marketing internships within global power-houses like HUL, P&G, Diageo, Nokia, Johnson & Johnson, Asian Paints, Cadbury, Nestle, etc. IIM Lucknow enjoys the participation of more firms from this domain than any other campus, owing to a strong culture that exists here, a fact that was reinforced this year as well.

Entrepreneurial Ventures: 35 students opted to do their internships in entrepreneurial ventures and start-ups. The inaugural "Start-Up Slot", dedicated for hosting new ventures, saw an enthusiastic participation from companies and students alike. The students are eagerly looking forward to the rich experience of working in cross-functional roles in an entrepreneurial climate, in close association with the founders of these firms, many of them alumni of IIM Lucknow.

Concluded.

Contributed by -
Manish Dev,
Media Relations,
IIM Lucknow.

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