Spike in I-Banking & Consulting Jobs at IIM Lucknow Placements

With a graduating batch of 280 students to be placed this year, IIM Lucknow went into final placements with an air of optimism. This optimism crystallized into reality at the end of Slot Three, as there was widespread jubilation on campus with the hallowed mark of hundred percent placements being reached rather effortlessly.

Placements began in November, with companies awarding Pre-Placement Offers (PPO) to their summer interns. The number of PPOs was 65, up from last year’s figure of 30.

The Higher Entry Placement Programme (HEPP) provides an opportunity for students with prior work experience to get choice jobs. This year saw a record of 123 offers in HEPP, compared to 105 last year. The success of lateral placements was unprecedented, given the widespread industry experience of IIM Lucknow students. Major recruiters in HEPP were KPMG Middle East, TSMG, Standard Chartered, PricewaterHouseCoopers, Trilogy, Goldman Sachs, Bristlecone, Headstrong Consulting, JP Morgan, Reliance Industries, Atos Origin and IBM.

There was a significant increase in the number of recruiters in lateral placements with Standard Chartered, Aditya Birla Group, Motorola, Rediff, Larsen & Toubro (offering coveted profiles like Mergers & Acquisitions, Treasury, Corporate Strategy), Yes Bank, KPMG, Unitech, Honeywell Consulting, Infosys Consulting, Dr. Reddys Laboratories being some of the new additions.

There were 554 offers made to 280 students, including 28 international offers. Final placements this year saw a number of consulting firms like McKinsey & Co., AT Kearney, Ernst & Young, Accenture, Deloitte Consulting, KPMG, PriceWaterhouseCoopers, TSMG, TAS and Bristlecone visiting the campus.

IIM Lucknow continued to attract the best organizations in the banking and financial sector and these companies offered a wide spectrum of roles for the students. The major recruiters in this sector included O3 Capital, Avendus Advisors, Lehman Brothers, JP Morgan Chase, Goldman Sachs, BRICS Securities, Citigroup, Standard Chartered Bank, Kotak Mahindra Bank, American Express, ICICI Securities and ICICI Bank.

"In keeping with the example set by IIM Bangalore in not releasing the salary packages as they are detrimental to the sanctity of individuals and corporates, IIM Lucknow has also taken a policy decision not to share salary details for its placement purposes," says Dr. Devi Singh, Director, IIM Lucknow. "Needless to say the best of breed recruiters came to IIM Lucknow and offered top line job profiles to our students," adds Dr. Devi Singh.

As has been a trend in the past, placements in the field of sales and marketing attracted the best organizations in the world. Corporates such as P&G, Johnson & Johnson, Nestle, GlaxoSmithKline, Astro-Usaha Tegas Group, Tata Group, ITC, Pepsi, Coke, Dabur and Cadbury recruited students in large numbers to spearhead their marketing initiatives.

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