Consulting cos emerge top recruiters

Lucknow: Consulting firms like Accenture, Deloitte, Ernst & Young, Boston Consulting Group (BCG), and McKinsey and Company emerged as top recruiters at the final placements for the batch of 2022-24 of the Post-Graduate Programme at the Indian Institute of Management, Lucknow (IIM-L). India’s top business schools, including IIML, this year took longer than usual to finish their placements.
The IIMs felt the heat of global economic slowdown and over-hiring during the post-Covid job boom.
The downturn did affect IIM-L which took almost three weeks to wrap their placement process which began on Jan 25 and ended on Feb 16. During this, 576 students received 634 offers from over 250 domestic and international recruiters.
Chairperson, students’ affairs and placement, IIML Prof Priyanka Sharma said: “Despite the challenging job market conditions, IIML has once again solidified its standing among the top B-schools. The institute has proven to be a preferred destination for organisations, even in the face of a tough economic landscape.”
The highest domestic salary offered to a student was Rs 66 lakh per annum (LPA), an increase of Rs 11 lakh from last year while the highest international package stood at Rs 45 LPA, a significant dip of Rs 20 lakh from last year. The mean salary was Rs 30 LPA.
The placement report shows consulting firm Accenture making highest of 40 offers, four more than last year.
With 25 offers, Deloitte became the second top recruiter. Ernst & Young made 17 offers followed by BCG and McKinsey & Company that made 17 and 11 offers respectively.
Over 200 recruiters onboarded the placement process.