IIM Lucknow breaks all records by achieving 100% placements for the largest IIM batch

CoolAvenues Newswire | February 07,2014 09:28 pm IST

The iconic dhol’s thunderous beat and the dancing students in the IIM L’s convocation ground post-placements signified the hard work in achieving what was considered impossible. After successfully placing the largest batch of 475 students (batch of 2015) during summer placements 2013, IIM Lucknow hit yet another record.

It achieved 100% placements for its graduating batch of 2014. The placements concluded on a good note with a total of 440 offers being made by 207 recruiters including 49 new recruiters for a batch of 436 students.

The offers included 92 Pre-Placement Offers (PPO), 132 lateral offers from the higher entry placement process (HEPP) and 216 offers from the final placements. The number of PPOs this year was the highest ever and increased by 28% compared with last year.

Some of the companies that recruited in high numbers were Flipkart, Deloitte, IBM, Accenture, Cipla, ICICI bank, P&G, Amazon, Reliance Industries, Cognizant, McKinsey, HUL, HSBC, BCG, ABG and American Express.

Profile breakup
The top segments based on roles offered were Sales & Marketing (24%), Consulting (21%), Finance (18%), Systems/IT (10%), General Management (10%) and Operations/Supply Chain (10%). In spite of the current economic situation, IIM Lucknow attracted diverse roles in the finance domain. The rest of the offers came from domains such as market research, analytics, business development, social media marketing and HR among others.

FMCG/consumer goods/telecom sector
Some of the top firms from the FMCG/consumer goods/telecom sector were Asian Paints, Airtel, Coke, Colgate Palmolive, GSK Consumer, HUL, ITC, Kraft-Cadbury, L’Oreal, Marico, Mars, Nestle, P&G, Pepsi, Reckitt Benckiser and Vodafone. In addition to the traditional sales & marketing roles, these firms offered roles in supply chain management, information technology, finance, HR, analytics with some of them being exclusive roles for IIM Lucknow. The world’s top FMCG firms such as P&G, HUL and Kraft-Cadbury were also the top 3 recruiters from this sector.

BFSI sector
BFSI sector was represented by firms such as American Express, Avendus Capital, Axis Bank, Citibank, CRISIL, Development Bank of Singapore, Edelweiss, Futures First, Goldman Sachs, Headstrong, HSBC, ICICI bank, IndusInd Bank, L&T Finance, Magma Fin Corp, Nomura, Standard Chartered and Yes Bank among others. The major roles were offered in front end investment banking, global markets, corporate and wholesale banking, market research, trading and operations. One of the Indian VC fund recruited from the institute for its investment team. ICICI bank, American Express, HSBC, Axis bank, Goldman Sachs recruited in big numbers reaffirming their faith in the finance talent.

Consulting and General Management
The consulting domain had active participation from premier recruiters such as McKinsey, BCG, A.T. Kearney, Deloitte, Accenture, KPMG, PwC, E&Y. The institute attracted 4 new consulting firms for this year’s placements. The General Management domain saw participation from companies such as Aditya Birla Group (ABG), Cipla, JSPL, Mahindra and Mahindra, Reliance Industries and TAS among others.

IT/e-Commerce/Technology sector
Some of the firms from this sector were Amazon, Bharat Matrimony, Capgemini, Capillary Technologies, Cognizant, eBay, Flipkart, Google, HCL, Infosys, IBM, MAQ Software, Microsoft, Mindtree, TCS and Wipro. These firms opened not only IT/Systems profiles but also roles such as business development, supply chain management, product marketing, program manager and analytics among others.

A few of the Pharma/healthcare firms were Bristol Myers Squibb, Cipla, GSK Pharma, J&J Pharma and Ranbaxy. The roles were primarily in sales and marketing, finance, operations, and general management.

New Recruiters and profiles
49 companies hired for the first time from IIM Lucknow with over 60% coming from the IT/e-Commerce/Technology and the BFSI sector. Some of the other sectors that were represented by these firms were consulting, pharma/healthcare, education, media, automotive, textile and energy. The roles were primarily in sales and marketing, finance and systems/IT.

IIM Lucknow also saw new and senior profiles from its recruiters. For example, Amazon opened its flagship leadership development profiles BOLD and Pathways. Infosys hired for its business development role based out of the US. Some of the other profiles include roles in social sector consulting, treasury role in a $ 6bn firm based out of the UAE and strategy role in a leading German reinsurance firm among others.



News related to B Schools, Companies, Industry etc....