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 Final Placements at IIM Lucknow have concluded on a high note with a total of 370 offers being made for the batch of 315. This is the largest ever graduating batch to be placed across all IIMs, till date.
The offers made include 41 Pre-Placement Offers, 123 lateral offers for higher entry placement, and 206 offers during the final placement week. A total of 121 companies participated in the placement process this year. Among the key recruiters were McKinsey and Co., Procter & Gamble, Hindustan Lever, Aditya Birla Group, Deutsche Bank, Deloitte and KPMG.
In terms of number of offers, Procter & Gamble, Goldman Sachs and Cognizant led the way, making 10 offers each. Yes Bank recruited 9 candidates, while Deloitte hired 8 candidates for its consulting profiles.
The Pre-Placement Offers extended include offers from Boston Consulting Group, JP Morgan Chase, TAS, Diageo, Agro Tech Foods, Marico, ITC and Reckitt Benckiser.
The graduating batch at IIM Lucknow brings with it rich pre-MBA background diversity and work experience - the average duration being 36 months. This prompted recruiters across industries to offer senior management roles - both Indian as well as International. The Higher Entry Placement Program, witnessed over 100 lateral offers being made to students by firms such as Olam International, Philips, Goldman Sachs, Yes Bank, Ernst & Young Dubai, Deloitte, Cognizant, Mindtree Consulting, IBM Consulting and Rediff among others.
The just-concluded Placement week saw the return of the Finance and IT sectors in a big way. Banks and Financial Sector firms have recruited in large numbers offering positions in Investment Banking, Proprietary Trading, Treasury, M & A and Global Risk Management to name a few. Prominent financial firms include Calyon Bank, Citibank, HSBC, Standard Chartered, Nomura, Kotak Securities, ICICI Bank, Axis Bank and Yes Bank among many others.
Key recruiters in the sales and marketing space include Nokia, Puma, Pepsi, Cadbury and Reckitt Benckiser among others. Conglomerates such as Mahindra & Mahindra, Larsen & Toubro, RPG, Essar and Siva Group were prominent recruiters. Philips, Asian Paints, and Arshiya International were firms offering Supply Chain Management profiles.
his year also saw the participation of 32 first-time recruiters such as Centrum, Microland, Pfizer, Siemens Information Systems Ltd, Suzlon, S. C. Johnson, and Thomas Cook.
Major Public Sector Undertakings continued to show interest in hiring from IIM Lucknow. Among the key recruiters were ONGC, Powergrid, NTPC and Shipping Corporation of India who offered lucrative profiles in Finance, HR and General Management.
The sheer range of profiles offered during the placement process is an indicator of the trust reposed by recruiters in the IIM Lucknow brand. With its range and diversity of background and work-experience among successive graduating batches, IIM Lucknow is confident of meeting the requirements of industry in future as well.
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 The wait is finally over, for engineering students at least. The State Government and the private engineering college managements have reached an agreement on key issues of seat sharing, annual fees and subsidies at a meeting held here on Friday.
Rejecting the Government’s proposal for a single CET (Common Entrance Test) for private and government quota admissions, private managements will retain the UGET (Undergraduate Entrance Test) by COMED-K. However, the Government offered to allot seats for private colleges that choose CET as their qualifying test.
Of the key decisions, the one to increase the annual fee for government seats in private colleges — accounting for half the seats on offer — from Rs. 25,000 to Rs. 30,000 will impact students the most. They will now have to cough up an additional Rs. 20,000 for an engineering degree, that too for the subsidised government quota. This decision follows private managements’ claim of having suffered huge losses in recent years.
Further, Higher Education Minister Arvind Limbavali announced that the seat sharing arrangement, where the government and private colleges will share seats equally, will remain unchanged. But, to appease private managements, the Government will go back on last year’s arrangement where private managements provided a Rs. 10,000 subsidy for “poor and meritorious” students. This year, the amount will be reimbursed to colleges from the State exchequer. The cut-off rank for this quota is 20,000 as requested by the colleges.
Private quota
The private quota seats will continue to entail a fee up to Rs. 1.25 lakh. Mr. Limbavali requested private investors to defer opening fresh engineering colleges, given the fact that over 11,000 seats were unfilled last year.
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 Alerting students pursuing various degrees through the distance mode, the All India Council for Technical Education (AICTE) has clarified that only M.B.A. and M.C.A. through the distance mode are considered for recognition by the Council.
In a public notice issued recently, the AICTE said, "The technical education programmes, which fall under the purview of AICTE, are in the fields of engineering, technology including MCA, Architecture, Town Planning, Pharmacy, Hotel Management & Catering Technology, Applied Arts and Craft and Post Graduate diploma in Management (PGDM)".
"It has been the policy of the AICTE, not to recognize the qualifications acquired through distance mode at diploma, bachelor's and master's level in these fields however. It now has the policy to consider only MBA and MCA through distance mode".
The Council also alerted all existing / prospective students pursuing or aspiring to pursue any educational programme in the fields to check the approval by the Joint Committee of Distance Education Council (DEC) of Indira Gandhi National Open University (IGNOU), University Grants Commission (UGC) and AICTE on AICTE's website.
In the absence of the Council's approval, the MBA and MCA degrees acquired through the distance mode may not be considered for employment under Central Government.
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 Secretary of the University Grants Commission (UGC), Dr R K Chauhan, stated that India had made rapid progress in the field education but it still had a long way to go. Chauhan was delivering a key address at a seminar on ‘Globalisation and its effect of the Development of Economy’, organised by the Commerce department of GMN College in Ambala Cantonment on Sunday.
He said the UGC was paying special attention to the areas and colleges which were not up to the mark, while adding that new techniques of research were being introduced to encourage young scholars. Chauhan, however, expressed concern in cases where teacher unions were playing the role of a “road block” in expansion of education.
He also announced that GMN College had been selected as a ‘College of Excellence’ for its overall performance in the field of teaching. More than 100 delegates from different colleges of the region attended the seminar.
The consensus opinion among the speakers including D S Bhardwaj, director, Khalsa Institute of Management in Yamunanagar, Hawa Singh and Narender Singh from Kurukshetra University was that the policy of “policing globalisation” adopted by the Indian government had had a tremendous effect on our economy, which has made strides in the field of technology, particularly the IT sector.
More than 30 scholars and teachers presented their research papers followed by a discussion.
Earlier, Head of the Commerce department of GMN College, Dr V K Jain, said the Indian economy had experienced major policy changes in early 1990.
“The economic reform popularly known as Liberalisation, Privatisation and Globalisation (LPG model) aimed at making the Indian economy the fastest growing economy and globally competitive. A series of reforms undertaken with respect to the industrial, agricultural, trade and financial sector were aimed at making the economy more efficient,” he said.
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 CAT Results has been announced today. The IIM CAT is most coveted entrance examination for the B school admission in India in IIM / Indian Institute of Management and other leading B Schools / MBA colleges of India. Many colleges and institutes are offering admission through CAT. The CAT 2009 and 2010 was conducted by the IIMs and Prometric thats why people are also looking fir the Prometric CAT results. The CAT exam as conducted first time Online and more than 2 lakh students appeared for the CAT examination.
Candidates qualifying in CAT online exam will be called for the personal interview and GD / Group Discussion in various IIM as they have shortlisted the candidates for PI/ GD. IIM Ranchi is the news member in the league of IIM and people are also looking for the IIM Ahmedabad and IIM Shillong. Though the other IndianInstitute of Management like IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, IIM Kozhikode are also among the favorite of students who appeared in the examination of Online CAT 2010.
IIM CAT results 2010 is available at http://www.way2college.com/exam-results.htm
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| Hi guys, my name is Dinesh. I am from Bangalore. I had completed my B.Tech degree in Mechanical Field. I had done my degree from RV College of Engineering. I am very much interested in Mechanical field and hence driven me to choose to do my B.Tech in Mechanical. As i got good rank in engineering entrance i have got seat to study in RV College of Engineering Directly. |  |
Now, I have got many options after my B.Tech. But i am planning to my masters in USA. And finally, my message to the current students is, Please set your goal path and work more clearly on it and work hard to achieve it.
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 As the largest hirers of B-school graduates this year (about 450) and introducing various business courses at its corporate university in Mysore, IT major Infosys is reinforcing its management talent pool, right at the entry level.
On whether such initiatives would eventually lead to the setting up of a corporate management school, Mr T. V. Mohandas Pai, Member of Board, Director, HR, Education, Research and Administration, Infosys, said: "We are not starting a B-school, but have started management training courses at our corporate university and doubled our intake of B-school grads."
The company will hire close to 450 management graduates from across all the IIMs, XLRI, TISS and Symbiosis in the next few days. "We have decided to do large investments in consulting and enterprise solutions for which we need this talent," said Ms Nandita Gurjar, Senior Vice- President and Group Head, HR, Infosys Technologies.
The two profiles that are coming in would be in consulting and sales, she added.
Last year, Infosys hired 200 B-school grads and has doubled the number this year. "About 50 of these would be for HR," she added. Campus-offer conversion rates across both B-schools and engineering colleges have touched 93 per cent this year against 70 per cent last year, Ms Gurjar said.
Infosys is also visiting half the number of engineering colleges (500) as compared with the previous years, to hire over 15,000 students.
The company has increased its training days for freshers from about 140 days to 180 , she said.
Infosys has one of the largest corporate universities in Asia located at Mysore training 30,000 new recruits every year. The Infosys Leadership Institute trains executives and managers in the company.
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