Indian Institute of Management (IIM), Lucknow has successfully concluded its summer placement for the class of 2012-2014 and has placed its 453 student's in some of the most reputed firms. Over 220 companies participated in the placement process and extended over 500 offers to the students. Coke, HUL, Deutsche Bank GMC, ABG, P&G and PepsiCo offered around 20 job offers for international locations. Hedge funds from Hong Kong also participated in the placement process. The IIM-L (Indian Institute of Management Lucknow) has witnessed 100% summer placements this year. The five-day summer placement process witnessed 150 students bagging internship offers in one day.
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. Amazon emerged as the biggest recruiter with 13 offers followed by Accenture Management Consulting (10), Headstrong Consulting (10) and Aditya Birla Group (9). 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.
Number of companies participated
Total number of students participated in the Placement Process
Total number of offers made through the Placement Process
Sectoral Break Up:
Banking and Finance:
Banking and finance companies such as Samara Capital, Standard Chartered, Multiples Alternate Asset Management, BNP Paribas, Citibank Global Markets, American Express, Deutsche Bank, Zephyr Management LP, Macquerie visited the campus.
Sales and Marketing:
Reckitt Benckiser, Procter & Gamble, Palmolive, Loreal, Hindustan Unilever, PepsiCo,ITC, Godrej, GlaxoSmithKline, Colgate, Asian Paints, Marico and Coke extended offers for sales and Marketing profiles.
Consulting and General Management:
Aditya Birla Group, Tata Administrative Services, McKinsey & Company, Accenture, Boston Consultancy Group, Mahindra & Mahindra, Deloitte, A T Kearney, Reliance India Limited, Bain & Co., PwC, Headstrong and A T Kearney extended the offers for Consulting and General Management profiles.
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