IIM Lucknow has concluded its Summer Placement for the 35th batch 2019-21 in record time, raising the bar for placements in B-schools of India and breaking its own record set last year. Complete batch of 481 students at IIM Lucknow got placed in 140 companies who participated in Summer placement 2019 for the summer 2020 internships. The average summer internship stipend at IIM Lucknow stood at Rs.1.09 lakh per month and the Median stipend was Rs.1.20 lakh per month.
It is also a good news for CAT 2019 aspirants seeking admission in IIM Lucknow in 2020. High placement record at IIM Lucknow is a prime attraction for CAT aspirants, although IIM Lucknow has the policy not to disclose its final placement salary data in public domain. CAT 2019 despite being the mandatory exam for PGP 2020-22 admission at IIM Lucknow, will have only moderate weightage in admission process.
The institute has created the history again by placing the largest IIM batch in record time during Summer Placements and has achieved another milestone with 100% summer placements for its 35th batch of 481 students within record time. The recruitment drive saw participation from more than 140 domestic and international recruiters. The participation of these firms also marked the ascent of IIM Lucknow as a preferred recruitment destination for marketing, consulting & finance roles in the country.
The top segments based on roles offered at IIM Lucknow were Sales & Marketing, Consulting, Finance, Operations, IT/Systems, General management, and E-commerce
Average & Median Salary in IIM-L Summer Placement
Average and median Salary in summer placement 2019 at IIM Lucknow has remained as under:
|
IIML Summer Placement Year
|
Average Placement (Rs. in Lakhs/Per Month)
|
Median Salary (Rs. in Lakhs/ Per Month)
|
|
2019: 35th Batch 2019-21
|
1.09
|
1.20
|
Top Recruiters
Some of the top recruiters across different sectors included Accenture Strategy, Aditya Birla Group, Amazon, A.T. Kearney, Avendus Capital, Bain & Co., Citi, Deloitte, Deutsche Bank, Goldman Sachs, Hindustan Unilever, ITC, JP Morgan Chase & Co., McKinsey & Co., Microsoft, Multiples Alternate Asset Management, P&G, TAS, The Boston Consulting Group, Uber, and Udaan.
First Time Recruiters
First-time recruiters on IIM Lucknow Summer Placements 2019 include Apparel Group, Beam Suntory, Hindustan Coca-Cola Beverages, Multiples Alternate Asset Management, Ola, Paragon Partners, Pioneering Ventures among others.
Recruiters Making International Offers
Companies such as Apparel Group, Cipla, Deutsche Bank, Hindustan Unilever and Landmark Group offered international profiles.
Domain wise placement
The top segments based on roles offered were Sales & Marketing (25%), Strategy/Consulting (24%), Finance (17%), e-Commerce (8%), Operations/IT (17%), and General Management (9%).
139 offers in FMCG/Consumer Goods/Telecom/Digital Media Sector
In the FMCG/consumer goods/telecom/digital media sector a total number of 139 offers were made with some of the top firms being AbInBev, Airtel, Apparel Group, Asian Paints, Colgate Palmolive, GSK, Hindustan Coca-Cola Beverages, Hindustan Unilever, ITC, Landmark Group, Marico, Mars, Mondelez, Nestle, Procter & Gamble, Reckitt Benckiser, Star TV, and Vodafone.
In addition to the traditional sales & marketing roles, these firms offered roles in supply chain management, IT, corporate finance and analytics with some of them being exclusive roles for IIM Lucknow.
BFSI Sector
BFSI sector saw participation of companies like Avendus Capital, Citi, Goldman Sachs, JP Morgan Chase & Co., Multiples Alternate Asset Management that hired for their private equity, front end investment banking, and global markets roles.
In addition to this, the sector saw a total of 68 offers by firms such as American Express, Axis Capital, Citi, Deutsche Bank, Edelweiss, Goldman Sachs, HSBC, ICICI, JP Morgan Chase & Co., Multiples Alternate Asset Management, Paragon Partners, Pioneering Ventures, Royal Bank of Scotland among others.
The major roles were in investment research, corporate/wholesale/retail banking, market research, trading and operations.
Consulting and General Management Sector
In the consulting domain a total of 121 offers were made. Accenture Strategy, A.T. Kearney, Auctus Advisors, Bain & Co., Deloitte, MasterCard Advisors, McKinsey & Co. and The Boston Consulting Group were among the top recruiting firms. The General Management domain saw participation from companies such as Aditya Birla Group, Reliance Industries, RPG, RPSG and TAS among others.
IT/e-Commerce/Technology Sector
IT/E-commerce/Technology sectors witnessed firms making placement offers. Some of the companies in this sector were Adobe, Amazon, Byju’s, Capgemini, Cloudtail, Ekart, Flipkart, Google, Media.net, Microsoft, Ola, Samsung, Swiggy, Uber and Wipro.
In addition to roles in IT/Systems, these firms opened roles in category management, sales enablement, business development, supply chain management, product marketing, strategic alliances, program management and analytics.
Prof. Rajesh Aithal, Chairman Students’ Affairs & Placement at IIM Lucknow attributes this achievement to excellent pedagogy, competencies and values students acquire at IIM Lucknow. He said, “With this year’s placements, IIM Lucknow has yet again reinforced its presence among the top Bschools in the country and has proven to be a preferred destination for organizations which select very limited B-schools to recruit.”
IIM Lucknow. was established in 1984 and is the 4th IIM in the family of IIMs as it came into being after IIM Ahmedabad, Calcutta and Bangalore. IIM Lucknow is one of top rated B schools in the country. In the MHRD, Govt. of India NIRF Ranking 2019 IIM Lucknow stands at the 4th position.
In 2005 IIM Lucknow expanded its area of influence in management education by setting up a satellite campus for executive education at NOIDA in Delhi NCR making IIM Lucknow as the first IIM to set up such a campus in the country.
Stay tuned to MBAUniverse.com for more updates on IIM Lucknow
