100% summer placements at IIM-L

The IIM-L (Indian Institute of Management Lucknow) has witnessed 100% summer placements this year. Over 220 companies participated in the placement process and extended 500 offers to the batch 453 students. The five-day summer placement process witnessed 150 students bagging internship offers in one day. Amazon emerged as the biggest recruiter with 13 offers followed by Accenture Management Consulting (10), Headstrong Consulting (10) and Aditya Birla Group (9).

The institute witnessed an increase of about 20% in the stipends offered this year with the average stipend of about Rs 50,000 p.m for Indian locations. Many first time visitors including the regular ones such as Macquarie, A T Kearney, BNP Paribas, Zephyr PLC, Wolff Olins and eBay visited the campus. The international firms such as Deutsche bank, P&G, HUL, ABG, PepsiCo and Coke made around 20 overseas offers.

The offers extended by consulting firms increased by 21% this year with majority of them coming from reputed companies such as BCG, McKinsey & Company, Accenture Management Consulting, AT Kearney, Pricewaterhouse Coopers and Deloitte US.

36% of the internship offers were received for marketing profiles from companies such as HUL, P&G, L’Oreal, Reckitt Benckiser Asian Paints, ITC, GlaxoSmithKline, Colgate Palmolive, Marico and Godrej. More than 21% offers were made for general management profiles by the companies – Aditya Birla Group, Tata Administrative Services, Mahindra and Mahindra and RIL.

IIM-L has witnessed a rise in hiring trend by financial companies over the last few years. As many as 18% offers were made this year from companies such as Deutsche, BNP Paribas, Macquarie, Citibank Global Markets, American Express and Standard Chartered Financial Markets.

Private equity firms including Multiples Alternate Asset Management, Zephyr Management LP, Samara Capital and hedge funds from Hong Kong and Singapore also participated in the summer placement process of IIM-L. Other offers were made for the profiles in HR, IT and operations from the firms such as Tate Steel, Asian Paints, Citibank, Infosys, P&G, Flipkart, Amazon, Yahoo, Microsoft and HUL.

Source: Times of India