IIM L completes three-tier placements process- Salaries up by 35%

Final placements this year saw a number of consulting firms like McKinsey & Co., AT Kearney, Ernst & Young, Accenture, Deloitte Consulting, KPMG, PriceWaterhouseCoopers, TSMG, TAS and Bristlecone visiting the IIM L campus. The placement process at IIM L, which was kicked off in November 2006, was a multi-layered process with three stages Pre-placement Offers, Higher Entry Placement Programme (HEPP), and finally the general placements that ended last week.

According to IIM L placement information, this year the focus was on quality of job profiles and not just salaries. A high 123 IIM L students were placed under the HEPP which offers lateral placement into the middle management role for students with prior experience.

Pre placement offers, a good indicator of recruiters sentiments, also increased this year. Placements began in November with companies awarding Pre-Placement Offers (PPO) to their summer interns. The number of PPOs was 65, up from last years figure of 30.

In all there were 554 offers made to 280 students, including 28 international offers.
Prof. Pankaj Kumar, Chairman- Placement attributes this to excellent pedagogy, competencies and values that students acquire at IIM Lucknow.

In banking and financial sector major recruiters included O3 Capital, Avendus Advisors, Lehman Brothers, JP Morgan Chase, Goldman Sachs, BRICS Securities, Citigroup, Standard Chartered Bank, Kotak Mahindra Bank, American Express, ICICI Securities and ICICI Bank.

In the field of sales and marketing P&G, Johnson & Johnson, Nestle, GlaxoSmithKline, Astro-Usaha Tegas Group, Tata Group, ITC, Pepsi, Coke, Dabur and Cadbury recruited students in large numbers.
Noting the key trends at Placements 2007, IIM L news release says, At IIM Lucknow we witnessed few key trends this year a spiking increase in the most coveted consulting and i-Banking jobs, an increase in the median and highest salary figures and quality of the job profiles offered.

As reported earlier by MBAUniverse.com, the HEPP this year saw a record of 123 offers, compared to 105 last year. Major recruiters in HEPP were KPMG Middle East, TSMG, Standard Chartered, PricewaterHouseCoopers, Trilogy, Goldman Sachs, Bristlecone, Headstrong Consulting, JP Morgan, Reliance Industries, Atos Origin and IBM.

There was a significant increase in the number of recruiters in lateral placements with Standard Chartered, Aditya Birla Group, Motorola, Rediff, Larsen & Toubro (offering profiles like Mergers & Acquisitions, Treasury, Corporate Strategy), Yes Bank, KPMG, Unitech, Honeywell Consulting, Infosys Consulting, Dr. Reddys Laboratories being some of the new additions.