Home >education >news >IIM-Lucknow achieves 100% placement

New Delhi:The Indian Institute of Management, Lucknow (IIM-L) on Friday completed securing jobs for all the 436 students in its outgoing batch in 207 companies, despite fears that the economic slowdown might affect the annual placements.

“The placements concluded on a good note with a total of 440 offers being made by 207 recruiters including 49 new recruiters for a batch of 436 students," the premier business school said in a statement.

The offers included 92 pre-placement offers (PPO) and 132 lateral offers. The number of PPOs this year was the highest ever, increased 28% from last year, the institute said.

None of IIM-L’s students opted out of the placements process to start their own venture.

Sales, marketing, consulting and finance companies were the lead recruiters at IIM-L. About 24% of the jobs offered were in sales and marketing, 21% were by consulting firms, and 18% by finance companies.

“In spite of the current economic situation, IIM Lucknow attracted diverse roles in the finance domain," IIM-L said.

The rest of the offers were made by information technology, operations, general management, market research, analytics, business development, social media marketing and human resource companies, among others, IIM-L said.

Online retailers Flipkart and Amazon were among the leading recruiters. Also recruiting in high numbers were consulting companies Deloitte, McKinsey and Boston Consulting Group; IT firms IBM India, Accenture and Cognizant; ICICI Bank Ltd and Axis Bank Ltd, and pharmaceutical firms Cipla Ltd and GlaxoSmithKline Pharmaceuticals Ltd.

Among consumer goods companies, Procter and Gamble, Hindustan Unilever and Kraft-Cadbury were the leading recruiters.

“Forty-nine companies hired for the first time from IIM Lucknow with over 60% coming from the IT/e-Commerce/Technology and the BFSI (Banking, Financial services and Insurance) sector," said Pushpendra Priyadarshi, placement chairman at IIM-L. “Some of the other sectors that were represented by these firms were consulting, healthcare, education, media, automotive, textile and energy. The roles were primarily in sales and marketing, finance and systems/IT."

The business school did not divulge salary details. It was the first of the 13 IIMs to complete the placements this year.

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