IIM Lucknow News Network
Collegekhabar.com
February 24th, 2010
IIM-Lucknow, which started its placement process mid-last week, has already bagged 200 offers, with the highest offer of Rs 75 lakh being made by commodity trading company Olam International for a Singapore position.
Based on placement offers till date, the institute expects a 25-30% increase in the number of international offers this year. The institute, which had 100 offers for students with work experience, began its final process with 220 students and has received offers for a majority of them.
Some of the new companies on campus this year include Mckinsey, Nomura, Deloitte Consulting, Calyon Bank, France, Siemens Infosystems and Suzlon. Last year, the highest international offer was from Barclays, which picked up a student for Rs 1 crore. “Many i-banks have come back this year, besides several good consulting and IT firms. We will see the average salary go up this time,” says professor RL Raina, chairman, placement, IIM-L.
On the other hand, IIM-Kozhikode, which began its final placement in the first week of February, has already placed a majority of its 250 students. “Up to 80 students with work experience have already been placed,” says IIMK placement committee member Himanshu Nigam. Companies such as Deloitte, JP Morgan, Nomura, Goldman Sachs, Cognizant Consulting have made offers too.
Deloitte has made the most offers of 20 followed by Cognizant Consulting, with 15. The Kozhikode-based institute is expected to better last season’s domestic salary of Rs 24 lakh. It is also expected to better last year’s highest international offer of Rs 60 lakh. Both the institutes expect to place all students by the end of next week.
IIM Calcutta and IIM Bangalore, which are yet to start their respective process, too talk of an improved job season this year. IIM-C, where placements for experienced professionals (laterals) are currently on, will soon kick off its final placements with around 200 students.
The highest offer till now at IIM-C is a pre placement offer (PPO) of a crore-plus.
"The packages are generally higher in the final process, compared to the laterals. That’s why we expect much higher packages in the finals," says a person associated with the placement process at IIM-C, who did not wish to be named.
Source: Economictimes.com
Tags: IIML, Placements 2010, 2010, Placements 2009-10, Placement updates, MBA, IIM , IIM’s
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