IIM grads rake it in yet again
March 18, 2008While the world at large grapples with the prospects of a slowdown, it is raining riches for IIM grads. This year, IIM Ahmedabad topped the salary sweepstakes.
A foreign finance company offered a student at IIMA a Rs 1.44-crore package for a foreign posting. The highest domestic package was offered for the position of second-incommand in one of India’s largest corporate houses.
IIM Calcutta came in second on the salary scale; a graduate bagged an offer of Rs 1.36 crore. Here, 243 offers were made to the students before the beginning of the final placements.
At IIM Bangalore, more than 25 per cent of the students accepted international offers. The highest salary offered here was similar to the ones at IIMA and IIMC. Students at IIM Kozhikode received 402 offers, including 23 international ones, for its 178 students.
The highest international and domestic salaries offered were Rs 70 lakh and Rs 29 lakh, respectively. The IIMs at Lucknow and Indore also did well this year. Unlike previous years, though, the IIMs have not revealed the identities of either the students or the companies involved.
“A record 22 new companies were a part of the placement process this year, which is a testimony to the managerial talent of the IIM Calcutta students,” says S.D. Moitra, Chairperson, Placement Committee, IIM Calcutta. This was true of other IIMs as well.
— Ritwik Mukherjee