The Indian Institute of Management (IIM), Lucknow, has broken its own record by achieving 100% summer placements in 4.5 days for one of the biggest IIM batches in any B-school in the country.
"In fact, we have accomplished what many considered impossible, breaking records the institute itself had set last year," an official spokesperson said. IIM-L achieved 100% summer placements for its 30th batch of 464 students in a record time of 4.5 days. The recruitment drive saw participation from 164 domestic and international recruiters.
The highlight of the placement season was the participation of firms like JP Morgan, Alvarez & Marsal, an international mutual fund company and four Indian private equity (PE) players. The participation of these firms also marks the ascent of IIM Lucknow as a preferred destination for the foremost finance and consulting roles in the country.
The top four segments based on roles offered were sales and marketing, finance, consulting and business development including some extremely sought after and niche profiles in the finance domain. The rest of the offers came from domains such as operations/supply chain, general management, systems/IT, market research, analytics and HR.
Some of the top recruiters across different sectors were Amazon, Aditya Birla Group, Accenture, MH Alshaya, Cipla, Flipkart, Goldman Sachs, Hindustan Unilever, McKinsey, P&G, The Boston Consulting Group and Wipro.
Some of the top firms from the FMCG / consumer goods / telecom sector were Asian Paints, Airtel, Coke, Colgate Palmolive, Dabur, GSK Consumer, Hindustan Unilever, ITC, Kellogg's, Mondelez, Marico, Mars, P&G, Pepsi, Reckitt Benckiser and Vodafone.
In addition to the traditional sales and marketing roles, these firms offered roles in supply chain management, IT, finance, HR, analytics with some of them being exclusive roles for IIM Lucknow. P&G, which was the top recruiter in this segment, opened the highest number of profiles this year.
BFSI sector saw the participation of JP Morgan this year which hired for its 'Front-End Markets' profile. This was a remarkable achievement for the campus in securing its position as a potential recruiting destination amongst premium Slot 0 recruiters. BFSI sector was further represented by firms such as American Express, Avendus Capital, BNP Paribas, Citibank, DBS, Deutsche Bank, Edelweiss, Goldman Sachs, HSBC, ICICI Bank, India Quotient Fund, Karvy, Multiples Alternate Asset Management, Macquarie, Nomura, Standard Chartered and The Indus Way Private Equity among others.
The placements also saw participation from a European Hedge fund and four Indian PE players (with two of them recruiting for the first time from any campus). The major roles were in front end investment banking, global markets, investment research, corporate/wholesale/retail banking, market research, trading and operations.
In the consulting domain, Accenture, Alvarez & Marsal, AT Kearney, BCG, Deloitte and McKinsey made a total of 37 offers with McKinsey and BCG being the top two recruiters. The General Management domain saw participation from companies such as Aditya Birla Group (ABG), Mahindra and Mahindra, RIL and TAS among others. ABG was the highest recruiter in this domain.
Some of the firms from the IT/e-commerce/technology sectors were Amazon, Capgemini, Cognizant, eBay, Flipkart, HCL, Taxiforsure.com and Wipro. These firms opened not only IT/systems profiles but also roles such as sales enablement, business development, supply chain management, product marketing, strategic alliances, program manager and analytics.
IIM Lucknow reaffirmed its position as the top destination for the pharmaceuticals/healthcare industry with firms such as Bristol-Myers Squibb, Boehringer Ingelheim, Cipla, GSK Pharma, J&J Pharma and Novartis recruiting in large numbers across functions. The roles were primarily in sales and marketing, finance, operations, market research and general management. One of these firms also opened its prestigious internship for leadership roles in Asia-Pacific, Europe/Middle East/Africa or Latin America.
"One of the niche additions to our portfolio was the social impact and education sector with a total of 14 firms (including several first-time recruiters from any campus) offering roles in sales and marketing, market research, business development, finance, IT, policy research and project implementation," the spokesperson pointed out.
The institute also secured the highest number of international offers from diverse sectors such as Retail, FMCG and real estate.
The institute had created history last year by placing the largest IIM batch in 5.5 days during summer placements and five days during final placements. This year, having placed one of the largest IIM batches in only 4.5 days and having achieved three consecutive 100% placements, IIM Lucknow has raised the bar in the Indian MBA arena.
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