The first phase of summer placements at the Indian Institute of Management, Lucknow (IIM-L), which began in the last week of October, saw a 25 per cent increase in the number of offers as compared to last year.
However, unlike IIM Ahmedabad and IIM Kozhikode, which concluded their intern placements last week, IIM-L’s placements will be continued post mid-term exams. “Since, mid-term exams form an important part of the academic calendar, we decided to halt the summer placements process, as we cannot compromise on this count,” IIML placement cell head Roshan Lal Raina told Business Standard.
The first phase, according to a release from the institute, has seen a distinct revival in the financial sector, with several major banks and financial companies hiring in good numbers. Slot zero at IIM-L saw the participation of leading consultancies, including McKinsey and Boston Consulting Group, investment banks including Deutsche Bank International and BNP Paribas, and private equity players.
Major FMCG firms including Procter and Gamble, Hindustan Unilever, Diageo, Coca Cola, Nokia, Cadbury and several others have already participated in the summer placements so far. The year marked the entry of several companies such as Singapore Telecom, Puma and Bharti Airtel, who participated in the process for the first time.
Among emerging sectors, companies from renewable energy, health and education showed interest in hiring from the campus. Several students accepted offers from a range of start-up companies as well.
IIM-L has the second largest batch of first year postgraduate students after IIM, Calcutta, which has in excess of 400.
