Top Recruiters
from Diverse Industries Participate at IIM-K Lateral Placements
IIM Kozhikode, the country's
fastest-growing premier business school, recently concluded a landmark
Lateral Placements season that saw top recruiters making unprecedented
offers across industries and functions on campus.
The Lateral Placements Program is
for students with prior industry experience. This year, approximately 30% of the
Class of 2008 (55 students of a batch of 180
students) were eligible for the Lateral Placements program.
35 premier recruiters from India and abroad participated in
Lateral Placements on campus, and a total of 103 offers
were made. The average salary for Lateral Placements
2008 stood at Rs. 15.56 Lakh per annum.
Lateral Placements for the Batch
of 2008 came of age with a number of compelling trends being observed. Contrary
to previous years, when lateral placements were typically dominated by the IT/ITeS
sector, this year Lateral Placements saw a deluge of plum offers from across
diverse industries, recruiting for a wide set of roles and functions.
A number of firms have
participated in Lateral Placements in the Finance, Consulting, Marketing and
General Management space. IT companies have also participated in laterals in big
numbers this year, continuing to demonstrate immense faith in the quality of
managerial talent on offer at IIM-K. The roles and profiles on offer were
significantly richer and more challenging than what has traditionally been
offered to students in a campus placement program.
International Recruiters
too turned out in full force at IIM-K, making no less than
13 international offers to students of the Class of 2008. The
highest international salary was pegged at USD 175,000.
Participating Recruiters
Lateral Placements 2008 saw
participation by key recruiters from across a diverse set of industries. Some
industries that found representation at Lateral Placements 2008 included
Consulting, Banks & Financial Services, Media & Technology, Fast Moving Consumer
Goods, Healthcare & Pharma, Retail and Telecommunications to name a few.
The Consulting sector was
out in full force, with industry heavy-weights like KPMG, Monitor Group,
PricewaterhouseCoopers, Ernst & Young, Hewitt Associates, Deloitte & Touche,
Boston Analytics, i2 Consulting, GrowTalent and Capgemini making top-drawer
consulting offers.
The Banks & Financial Services
sector was represented by Barclays, Citibank, Lehman Brothers, Standard
Chartered and Yes Bank, amongst other companies. IIM-K will continue to build on
the strong relationships it shares with key players in the BFSI sector through
participation in Lateral Placements over coming years.
The fast-growing Media,
Technology & Telecom sectors took full advantage of the quality of talent on
offer by making offers at Lateral Placements Season. Times Group, one of the
country's largest and most diverse media houses, participated in Lateral
Placements for the first time this year. CSC, Headstrong, Infosys, Wipro, Indus
Valley Partners, HCL, Virtusa and IBM represented the technology domain in full
force. Telecom companies like Aricent and Verizon initiated a relationship with
IIM-K this year, making a large number of offers to capable candidates.
Roles &
Functions
One of the key trends observed at
Lateral Placements this year was that offers were made to students across
business functions. Strategy, Consulting, Finance, Marketing, HR and Operations,
all saw offers being made to students by organizations that demonstrated
unprecedented conviction in hiring talent from IIMK to drive the future of their
businesses.
Diversified conglomerates like
Essar Group, RPG Group and L&T offered roles across functions, including plum
positions on core business strategy teams.
Strategy roles on offer at
Lateral Placements this year included Corporate Strategy, Project Finance,
Mergers & Acquisitions Strategy as well as EA roles to CXO level executives at
top corporations from India and abroad.
The finance sector made offers
for roles in Investment Banking, Treasury Sales, Trading, Product Structuring,
Wholesale Banking, Relationship Management, and Mergers & Acquisitions.
Marketing firms offered
management roles to candidates with relevant prior work experience in the
industry.
Sunrise industries including
technology companies, made offers for Account Manager, Program Manager, Business
Development Manager and Project Manager positions.
Impressive statistics aside,
Lateral Placements 2008 will be remembered not only for shattering every
existing record by a long way, but also for unearthing trends that signal
IIM-K's growth and rapid evolution as a centre of excellence in management
education in the Asia-Pacific region.
A powerful performance in Lateral
Placements augurs well for a landmark Final Placement Season at IIM-K. With
corporate interest in the institute at an unprecedented high, IIM-K is poised
for an impressive showing at Final Placements 2008. Consistently challenging
itself to break new frontiers and push the envelope further, IIM-K is truly
redefining the moniker - the Next Generation IIM.
