IIML placement: IIM-L summer placement ends, stipends grow 20pc

IIM-L grabbed 500 summer training offers from over 220 companies for the 2012-14 batch comprising 453 students.

Online PR News – 09-November-2012 – Noida, UP – Students of the 2012-14 batch of IIM-Lucknow grabbed 500 training offers from more than 220 companies during the summer placement that concluded on November 7. IIM-L saw a 20 per cent jump in stipends over the last year with the average stipend being close to Rs 50,000 for domestic locations. The batch strength is 453.

Some of the biggest recruiters in terms of offers made were Amazon and Accenture Management Consulting, who made 13 and 10 offers, respectively. Headstrong Consulting has offered internships to 10 students while the number is 9 for the Aditya Birla Group.

Apart from regular recruiters, there were several first-time recruiters, including AT Kearney, Macquarie, BNP Paribas, Wolff Olins, Zephyr PLC, and eBay, who visited the IIM-L campus.
As far as the international exposure is concerned, regular recruiters such as Deutsche Bank GMC, HUL, P&G, ABG, Coke and PepsiCo as well as new ones such as Wolff Olins have extended a total of around 20 international offers.

The function-wise break up of offers shows that consulting grew significantly with over 21 per cent of the offers coming from prestigious firms such as McKinsey & Company, The Boston Consulting Group, A T Kearney, Accenture Management Consulting, Deloitte US, and PricewaterhouseCoopers.

Marketing continued to be the stronghold of IIM Lucknow with 36 per cent of the offers coming from various firms such as Hindustan Unilever Limited, Procter & Gamble, Reckitt Benckiser, L’Oreal, Asian Paints, Colgate-Palmolive, Godrej, GlaxoSmithKline, ITC and Marico.

The B-school also saw a number of students getting opportunities with firms offering general management roles with over 12 per cent of the offers being made in this domain. The major recruiters for general management roles included Tata Administrative Services, Aditya Birla Group, Mahindra & Mahindra and Reliance Industries.

Hiring by financial firms at IIM Lucknow has been on the rise over the past few years with more than 18 per cent of the offers this year coming from firms such as BNP Paribas, Macquarie, Deutsche Bank, Citibank Global Markets, Standard Chartered Financial Markets and American Express. The process also saw participation from private equity firms such as Samara Capital, Multiples Alternate Asset Management, Zephyr Management L.P along with hedge funds from Singapore and Hong Kong.

The rest of the offers came for domains such as operations, HR and IT from firms such as Asian Paints, Tata Steel, Infosys, Citibank, Procter & Gamble, Amazon, Flipkart, Microsoft, Yahoo and Hindustan Unilever.

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