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 Nearly
two thirds of IIM-B graduates this year went in for finance and consulting jobs, pushing aside last year's popular choice - investment banking.A record 64 per cent of the entire batch of 233 second year MBA students chose finance and consulting as against investment banking, which was the hot pick last year. The whole lot of 233 second year MBA students were placed within the 5-day placement process which ended in Bangalore recently, with 32 per cent each opting for finance and consulting, student representatives of IIM-B's placement committee told newsmen during a media briefing. "Only nine per cent of the 233 opted for investment banking, while 14 per cent went in for marketing and 5 per cent for other offerings,” Vikram Balan and Gaurav Jain said. "Financial remuneration has not been the overriding factor. The students this time have gone in for jobs that interested them", IIM-B placement committee chairperson Saurav Mukherjee said. Close to 90 companies visited the campus during the final recruitment week which ended on Saturday. Job offers at foreign locations were given by companies across profiles, "something unmatched across IIMs", Balan said. The new overseas recruiters were Arthur D little, Al Ghanim Industries, CiC International and Development Bank of Singapore, in addition to recruiters like GM Shanghai, McKinsey, British Petroleum, American Express, Citigroup, Procter and Gamble and the Arcelor-Mittal Group. "Out of the nearly 70 overseas offers, 60 were accepted" Jain said. For the first time an IIM-B graduate, Deepak Goyal has been directly recruited to the position of Vice-President at Sun Group, a leading private equity firm, Balan said. The geographies where the students would be moving are New York, London, Singapore, Tokyo, Hong Kong, Shanghai, Sydney, Dubai, the West Indies and Kuwait. Wall Street biggies like Lehman Brothers, Barclays Capital, Deutsche Bank and Merill Lynch picked up students. While top names in consulting like McKinsey, BCG, AT Kearney, Ernst & Young, KPMG and Pricewaterhouse Coopers were the hot favourites. McKinsey & Co, the Boston Consulting Group, Bloomberg, Lehman Brothers, Merill Lynch, Procter & Gamble, Cognizant, Microsoft, IBM, GE, ICICI Bank, Citigroup, Standard Chartered, Unilever and Tata Administrative Services, emerged as "the top recruiters" during 2006-07, Balan said. About 40 per cent of the batch received offers from Investment Banking, Consulting and Private Equity Firms. First time recruiters in the IIM-B campus, including firms like Fidelity, Gartner, Arthur D Little, CiC International and Al Ghanim industries.
— PTI
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Final
placements for the Class of 2007 that wrapped up at IIM-Lucknow recently witnessed a few key trends this year—a
spurt in the most coveted consulting and i-banking jobs, an increase in the median and highest salary figures and the quality of job profiles offered. The number of Pre-Placement Offers (PPOs) was 65, up from last year’s figure of 30. The Higher Entry Placement Programme (HEPP) provides an opportunity for students with prior work experience to get choice jobs. This year saw a record of 123 offers in HEPP, compared to 105 last year. The success of lateral placements was unprecedented, given the widespread industry experience of IIM-Lucknow students. Major recruiters in HEPP were 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 coveted profiles like Mergers & Acquisitions, Treasury, Corporate Strategy), Yes Bank, KPMG, Unitech, Honeywell Consulting, Infosys Consulting, Dr. Reddys Laboratories being some of the new additions. There were 554 offers made to 280 students, including 28 international offers. Final placements this year saw a number of consulting firms like McKinsey & Co., AT Kearney, Ernst & Young, Accenture, Deloitte Consulting, KPMG, PriceWaterhouseCoopers, TSMG, TAS and Bristlecone visiting the campus. IIM-Lucknow continued to attract top players in the banking and financial sector. The major recruiters being 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. 'In keeping with the example set by IIM, Bangalore, in not releasing the salary packages as they are detrimental to the sanctity of individuals and corporates, IIM-L has also taken a policy decision not to share salary details for its placement purposes,' said director, IIM-L, Dr Devi Singh. Placements in the field of sales and marketing also attracted the best organisations in the world. Corporates such as P&G, Johnson & Johnson, Nestle, GlaxoSmithKline, Astro-Usaha Tegas Group, Tata Group, ITC, Pepsi, Coke, Dabur and Cadbury recruited students in large numbers to spearhead their marketing initiatives. This year also saw the second Agri Business Management batch passing out with flying colours. Various organisations which participated in the ABM placement process, were ITC, Reliance Industries, Cadbury, ICICI Prudential, Godrej Agrovet, ICICI Bank, Standard Chartered Bank and Murugappa Group, among others. Increase in salary figures was as high as 35 - 40 per cent while the focus was more on the nature of the profiles that were offered. Global Markets, Global Transaction Banking, Credit Risk Management from Deutsche Bank, the LEAD & LEAP programmes from Aditya Birla Group, Capital Markets and Micro-Finance from Standard Chartered, Marketing from Procter & Gamble, Corporate Banking from several banking majors like HSBC, Yes Bank, ICICI, Kotak Mahindra are all indications of an increase in recruiter satisfaction with IIM-Lucknow. AlGhanim, a Dubai-based retail chain, hired in good numbers, while also opting to choose one of the students to manage the recently commenced Indian operations. Chairman-Placement Committee, Prof. Pankaj Kumar, attributed this to excellent pedagogy, competencies and values that students acquire at IIM-Lucknow. ‘With the economy on a high, these students are bound to lead the way towards a progressive nation.,” he asserted.
— TNS
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