Money grows at IIM campuses again
There are enough hints that jaw-dropping salaries are pouring into the campuses like never before.
By TNN |
AHMEDABAD/ BANGALORE/ LUCKNOW: It’s that time of the year again when big money flows into IIMs and the paypackets offered in campuses scale new highs. Heavyweights Indian Institute of Management, Ahmedabad (IIMA) and IIM-Bangalore (IIMB) kicked off their campus placements on Thursday while the IIM-Lucknow (IIML) concluded its own.
But there’s bad news for all those who have been waiting to see the new high in campus offers-the country’s premium business schools have for the first time decided not to reveal the salaries on offer, or at least to play down the money part.
One reason why IIM bosses have chosen to play down the hype around big salaries is the complaint from recruiters that leaks spoil the party for them. Also, students from the ‘Bimaru’ states have drawn attention to the fact that stories about their fat pay cheques could make them targets of kidnappers back home.
However, there are enough hints that jaw-dropping salaries are pouring into the campuses like never before. For example, at IIMA one could spot some new high profile international recruiters like Fischer Jordan and Bridgestone taking the rounds.
“A total of around 20 companies visited the campus for recruitment on the first day of placements,” an IIMA source told ET on condition of anonymity. They included BCG, Barclays, McKinsey & Company, ABN Amro, AT Kearney, Bain Consulting and UBS to name a few.
According to sources, the highest salary in slot zero at the institute this year has been in the range of $225,000, a cool $40,000 more than the last year’s highest offer. The institute however did not confirm the figure.
But there’s bad news for all those who have been waiting to see the new high in campus offers-the country’s premium business schools have for the first time decided not to reveal the salaries on offer, or at least to play down the money part.
One reason why IIM bosses have chosen to play down the hype around big salaries is the complaint from recruiters that leaks spoil the party for them. Also, students from the ‘Bimaru’ states have drawn attention to the fact that stories about their fat pay cheques could make them targets of kidnappers back home.
However, there are enough hints that jaw-dropping salaries are pouring into the campuses like never before. For example, at IIMA one could spot some new high profile international recruiters like Fischer Jordan and Bridgestone taking the rounds.
“A total of around 20 companies visited the campus for recruitment on the first day of placements,” an IIMA source told ET on condition of anonymity. They included BCG, Barclays, McKinsey & Company, ABN Amro, AT Kearney, Bain Consulting and UBS to name a few.
According to sources, the highest salary in slot zero at the institute this year has been in the range of $225,000, a cool $40,000 more than the last year’s highest offer. The institute however did not confirm the figure.
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