The main highlight of this year’s placement was recruiters from financial sector as 40% offers came from the financial domain. Another significant development noticed was students’ inclination towards the Public Sector Undertakings (PSU) as 65 offers were accepted by students.
The Higher Entry Placement Process (HEPP), which facilitates lateral placements at IIM L, was held from January through March 2009.
At the IIM L Annual Convocation, held on March 17, 2009, 267 students of this year’s batch received their PGDM degrees and graduated with excellent career prospects.
While commenting on the placement process, Dr. Sushil Kumar, Chairman – Placements, said, “Unlike previous years, the final placement process this year was an extended process spread over two weeks. Over 120 companies, including more than 50 first time recruiters, confirmed their participation in placements at the campus. By the end of placements, 105 companies had made a total of 284 offers making it the largest placement process this year across premier B-schools, in terms of the number of candidates placed successfully. Out of the graduating batch, 25 students accepted the pre-placement offers extended to them whereas seven students chose to start up on their own. This year, several students also managed to secure lucrative international offers from reputed firms such as Barclays Capital, Frost & Sullivan, Ernst & Young and Alshaya among others.”
He further added, “Ernst & Young (Middle East), Barings Private Equity Partners PricewaterhouseCoopers, IBM, Wipro Consulting, Deloitte, Citibank, Aditya Birla Group, Infosys, TCS, Cognizant and Larsen & Toubro were among the major recruiters that participated in HEPP 2009. A total of 48 students bagged lateral job offers.”
While speaking on students’ inclination towards various job sectors, Dr. Sushil Kumar said, “This year’s placements showed the rising trend of a change in the focus of students, with almost 31% of the offers being made in the marketing domain in addition to about 40% of offers coming from the financial domain. In addition to these, about 16% of the batch accepted consulting offers while the rest took up offers from HR (5%), General Management (4%), Operations (2%) and Systems (2%) domain.”
“This year students received offers from major recruiters like McKinsey & Co, The Boston Consulting Group, Proctor & Gamble, Hindustan Unilever Limited, TAS, HSBC, Axis Bank, ICICI Group, Deutsche Bank, American Express, Frost & Sullivan, Asian Paints, Alshaya, Cadbury, Johnson & Johnson , GlaxoSmithKline and Reckitt Benckiser which have regularly participated in placements at IIM L. The students belonging to the Agri-Business stream also performed well to bag offers from major recruiters like ITC, Coca-Cola, PepsiCo and Agrotech Foods with DCM Shriram offering international locations during the placement process. In addition to these, this year more than 50 companies recruited from IIM L for the first time. Some prominent ones among these are Jaypee Capital, Siva Ventures, L’oreal, Tholons Consulting, Virgin Mobile, Religare Securities, Darashaw & Co, Allegro Advisors, Eli-Lily, Jindal Steel, Kellogg, Maersk and Bharti Telesoft,” further adds Dr. Sushil Kumar.
On placement of students in public sector, Dr. Kumar said, “The institute has also hosted more than 14 PSUs, including some of the Navratna PSUs, in this placement season. Some prominent ones among these are Bank of Baroda, Union Bank of India, ONGC, SIDBI, BHEL, NTPC, SAIL, GAIL and Coal India. PSUs were well received by IIM L students with 65 offers - highest across all IIMs, being accepted during the placement season.”
Summarizing the season, Dr. Sushil Kumar, added, “Despite the market scenario, the campus succeeded in securing handsome job offers for the entire batch, while strengthening its relationship with several regular recruiters and establishing new associations with many firms. The successful conclusion of Placements 2009 at IIM L has upheld the caliber and potential of this institute.”
