IIM-L placements fetch 40% higher salaries this year

IIM-L placements fetch 40% higher salaries this year
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First Published: Thu, Mar 08 2007. 11 51 PM IST
Updated: Thu, Mar 08 2007. 11 51 PM IST
New Delhi: Two jobs on an average for every student moving out of the campus. That’s the placement record at IIM Lucknow this year with 554 offers -- 526 from Indian companies and 28 from foreign ones -- being made to 280 management graduates. In percentage terms, the institute has posted a 12.8% rise in placements over last year. While IIM Lucknow refused to divulge details on the highest compensation packages, an institute release says salary levels rose 35-40% on average.
The number of pre-placement offers to summer interns doubled from 30 to 65 this year, while higher-entry placements -- for those with prior work experience -- rose from 105 to 123. The major recruiters in this segment included 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.
IIM Lucknow continued to attract some of the best organizations in the banking and financial sector, including 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.
The sales and marketing segment saw the likes of P&G, Johnson & Johnson, Nestle, GlaxoSmithKline, Astro-Usaha Tegas Group, Tata Group, ITC, Pepsi, Coke, Dabur and Cadbury recruiting students.
This year also saw the second Agri Business Management batch passing out. Organizations that participated in the ABM placement process included ITC, Reliance Industries, Cadbury, ICICI Prudential, Godrej Agrovet, ICICI Bank, Standard Chartered Bank and Murugappa Group.
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First Published: Thu, Mar 08 2007. 11 51 PM IST