Kolkata, March 17: The Indian Institute of Management, Calcutta (IIM-C) had plenty to boast about as the 2007 final placements concluded, so it decided to buck the trend and continue to detail the salary packages secured by its stars, even as the other IIMs decided not to wash their dollars and crores in public.
The IIM-C said records tumbled across the board this year as it placed the largest batch of students at 251 across all IIMs and in the shortest time, 5 days, Day 1 of Slot 2. It also claimed to have set new parameters to judge the success of B-School placements.
The institute - the oldest in the IIM system and the second-oldest business school in India - said 89 students took up Slot Zero offers this time, up from 64 last year, which is yet again a record for Indian B-schools. It confirmed that the highest foreign salary offered to any management student ever on Indian soil went to a student of the IIM-C this year - US$ 250,000 (Rs 1.1 crore). The previous record of US$ 221,000 also belonged to IIM-C.
The highest domestic salary offered was a whopping Rs 40 lakhs. Unlike most B-Schools, these were not mere outliers, proven by the staggering rise in the domestic average salary in Slot 0 to Rs 20.9 lakh from Rs 14.8 lakh last year. The total number of foreign accepted offers reached an all-time high of 58.
But, the IIM-C’s external relations cell said, the most heartening aspect of the placement season has been the preference shown by many students for domestic offers.
Over a dozen students rejected overseas offers to stay back in India though in the same industries and companies, pointing towards a healthy trend in recruitment at the top B-school. This is mainly due to the booming growth story of India and the surge of investment banks and consultants into India.
No comments:
Post a Comment