IIM Lucknow Summer Placements 2008

A day after the Indian Institute of Management-Lucknow (IIM-L) authorities said 55 students in the first year of the MBA programme are still waiting for offers, a released posted on the institute’s website said there has been a 15 per cent rise in the number of companies participating in summer placements over the last year.

According to the figures, 114 companies had participated in this year’s summer placement programme. While the website had no word on the exact number of offers and the number of students placed, it maintained that for the first time, IIM-L has allowed progressive entrepreneurial ventures and start-ups to participate in the programme. Around 20 firms launched by IIM-L alumnus were present at the programme. This was done following demand from students, said an official. As many as 35 students opted for entrepreneurial ventures and start-ups.

Companies and banking firms like Merrill Lynch, Barclays Capital, Baring Private Equity Partners, O3 Capital, 2i Capital, Seedfund, JP Morgan Chase, and Goldman Sachs and premier banks like Citigroup, HSBC, Deutsche Bank, Standard Chartered Bank, RBS Group, American Express, ICICI Bank and Axis Bank, had taken part in the programme, stated the release. While 320 students (32 per cent) have opted for the banking and financial sector, 34 per cent have opted for strategy and consultancy based roles. Ninety have opted for marketing internships in powerhouses like P&G, Diageo, Nokia, Johnson & Johnson, Asian Paints, Cadbury, Nestle, etc.

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