IIM-C graduate bags Rs 1.6 crore offer
Indian Institute of Management-Calcutta (IIM-C) has turned out to be the first choice of recruiters with the best pay packets in this year's campus placements.
By Somdatta Basu, TNN |
KOLKATA: Indian Institute of Management-Calcutta (IIM-C) has turned out to be the first choice of recruiters with the best pay packets in this year's campus placements.
One of its students has bagged a record $350,000 (Rs 1.6 crore) offer from a global investment bank based in South East Asia and two more have been offered packages of over Rs 1 crore.
What's more, IIM-C got 91 slot-zero offers (when the largest firms give out the best salaries). That's the highest among all IIMs on Day 1 and 2, say sources. IIM-Bangalore, the second best, is way behind with 64 offers, and IIM-Ahmedabad students got 50 offers during the first two days of placements based on the newly introduced 'cohort system'. These figures exclude pre-placement offers.
The three in the crore-plus bracket will join as associates of investment banks in London and Singapore.
There were initial hints that IIM-Ahmedabad had bagged the highest offer of Rs 1.44 crore while IIM-Bangalore's best pay packet was Rs 1.14 crore this year. Later, sources in IIM-C confirmed that one of its students has bagged the highest offer - a staggering Rs 1.6 crore a year. The highest domestic package bagged by an IIM-C student is more than Rs 60 lakh annually for an I-bank's Mumbai office.
Officials, however, refused to confirm the figures or reveal the names of the students.
The IIM-C placement process kicked off on Saturday, with financial bigwigs and global consulting firms opening the account. UBS, the Swiss investment bank, hired exclusively from IIM-C. Temasek Holdings, the investment arm of the Singapore government, drew the largest number of its recruits from IIM-C compared to other B-schools in the country. So did Oliver Wyman, a US-based consulting firm, which hired IIM-C students for its offices in New York, London, Singapore and Dubai.
One of its students has bagged a record $350,000 (Rs 1.6 crore) offer from a global investment bank based in South East Asia and two more have been offered packages of over Rs 1 crore.
What's more, IIM-C got 91 slot-zero offers (when the largest firms give out the best salaries). That's the highest among all IIMs on Day 1 and 2, say sources. IIM-Bangalore, the second best, is way behind with 64 offers, and IIM-Ahmedabad students got 50 offers during the first two days of placements based on the newly introduced 'cohort system'. These figures exclude pre-placement offers.
The three in the crore-plus bracket will join as associates of investment banks in London and Singapore.
There were initial hints that IIM-Ahmedabad had bagged the highest offer of Rs 1.44 crore while IIM-Bangalore's best pay packet was Rs 1.14 crore this year. Later, sources in IIM-C confirmed that one of its students has bagged the highest offer - a staggering Rs 1.6 crore a year. The highest domestic package bagged by an IIM-C student is more than Rs 60 lakh annually for an I-bank's Mumbai office.
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Officials, however, refused to confirm the figures or reveal the names of the students.
The IIM-C placement process kicked off on Saturday, with financial bigwigs and global consulting firms opening the account. UBS, the Swiss investment bank, hired exclusively from IIM-C. Temasek Holdings, the investment arm of the Singapore government, drew the largest number of its recruits from IIM-C compared to other B-schools in the country. So did Oliver Wyman, a US-based consulting firm, which hired IIM-C students for its offices in New York, London, Singapore and Dubai.
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