IIM Lucknow Summer Placement 2011: Niche profiles signals a shift
| November 03,2010 01:34 pm IST
The summer placements at the Indian Institute of Management, Lucknow saw an unprecedented count of over 417 offers in just 6 days – effectively a 75% increase in offers over the previous year.
A total of 151 firms visited the campus, making 417 offers.
Out of these, 123 offers were made in the coveted slot zero.
Several prestigious firms made offers solely to IIM Lucknow including Wolff Olins Dubai (Brand Strategy), Samara Capital, Multiples Alternate Asset Management, Milestone Capital and Walden International. These niche profiles signal a shift away from mainstream roles recognizing the diversity of pre-MBA work experience of the batch.
Key recruiters on campus included McKinsey & Co., The Boston Consulting Group, Tata Administrative Services, Hindustan Unilever, Procter & Gamble, Aditya Birla Group, Cadbury- Kraft, Diageo, Avendus Capital and BNP Paribas among many others.
Investment Banks and Financial services firms that recruited in large numbers include Goldman Sachs, JP Morgan, Citibank, HSBC, Standard Chartered, American Express, Deutsche Bank, Development Bank of Singapore, Edelweiss Capital, Axis Bank, Elara Capital, Atherstone capital, SBI Capital, KC Securities, BMR Advisors among others.
Almost every single FMCG major including P&G, HUL, Reckitt Benckiser, Glaxo Smithkline, Coca-Cola, Pepsi, J&J Consumer, J&J Medical, J&J Pharma, Colgate Palmolive, Nestle, Heinz, Britannia, Asian Paints, Agrotech, Dabur, Marico, Kellog, L’Oreal, Perfetti Van Melle, ITC, Kraft-Cadbury and Diageo among others recruited at the institute, reaffirming IIM Lucknow as the campus of choice. Other firms that offered Marketing positions include Alshaya, Microsoft, Nokia, and Bharti Airtel.
There was greater representation from the consulting space this year as Deloitte, Cognizant, KPMG, PWC, Mindtree, Wipro and HCL recruited students for their various practices. Conglomerates recruiting for key general management positions include GE, Mahindra & Mahindra, Larsen & Toubro, Reliance and RPG.
Several doyens from the industry personally visited the campus and were lavish in their praise for the institute, its recruitment process and the quality of the students. Rahul Krishna – Head, TAS said “The TAS selection process is perceived by the students, at the B schools we visit, to be one of the toughest to crack and we are glad that a good number of students from IIM Lucknow have made it through the process this year”.
The process was recognized as being well managed and extremely efficient, favouring both recruiters and students. The number of offers made by the companies was a testament to the robustness of the process. This trend is poised to continue through to the Final Placement, establishing IIM Lucknow as one of the premier business schools in India.