The Indian Institute of Management Lucknow (IIM-L) has placed its batch size of 453 students. The students bagged over 500 offers from over 220 companies that participated in the process.
The biggest recruiters in terms of offers made were Amazon (13), Accenture Management Consulting (10), Headstrong Consulting (10) and Aditya Birla Group (9) closely followed by other regular recruiters who reinstated their faith in the quality of talent at IIM Lucknow.
“Even with respect to stipend, over last year’s figures, IIM Lucknow saw a near 20% increase across all recruiters with the average stipend being close to Rs 50,000 per month for domestic locations,” the institute said in a press statement.
Among international recruiters Deutsche Bank GMC, HUL, P&G, ABG, Coke and PepsiCo extended a total of approximately 20 international offers.
Consulting offers went up with over 21% of the offers coming from prestigious firms such as McKinsey & Company, The Boston Consulting Group, A T Kearney, Accenture Management Consulting, Deloitte US, PriceWaterhouse Coopers among others.
Around 36% of the offers came from various firms such as Hindustan Unilever Limited, Procter and Gamble, Reckitt Benckiser, L’Oreal, Asian Paints, Colgate Palmolive, Godrej, GlaxoSmithKline, ITC and Marico among others.
Students also opted for general management roles from companies including Tata Administrative Services, Aditya Birla Group, Mahindra and Mahindra and Reliance Industries Limited among others.
Hiring by financial firms at IIM Lucknow has been a rising trend over the past few years with over 18% 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 among others.
The summer placement 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.
