IIM-A: Hiked salary or enterpreneurship?

AHMEDABAD: Final student placements of the Indian Institute of Management (Ahmedabad) was over today, with the premier B-school witnessing a hike in domestic and international salaries, as well as growing preference for enterpreneurship.

For the 235 students in the batch of 2007 eligible for placement a total of 86 firms had come to the IIMA campus.

The highest number of offers were given by Lehman Brother (17 offers-14 acceptances), Merrill Lynch (15 offers-14 acceptances) and McKnisey (13 offers-12 acceptances).

"The highest international acceptances ranged from $ 2,25,000 to $ 3,00,000 and the highest domestic acceptacne ranged from Rs 60 lakhs to Rs 1 crore," an IIM-A professor told reporters here today.

This year as many as 11 students of IIM-A have either opted out of placements or rejected job offers to start their own enterprise.

Two of these students rejected associated offers in excess of Rs one crore from investment banks to opt for starting their own venture, the professor said.

Major (Retd) Devashish Chakravarty, the coordinator of students Placement Committee said, "even as international recruitment across campuses appeared to be going down in anticipation of a weakening markets, recruitments in IIMA showed that high quality of managers are essential."

Some leading investment banks and consulting firms such as Bain, BCG, Deutsche Bank, Lehman Brothers, McKinsey and Merrill Lynch continued their long-standing association with IIMA.