IIM-C sees average salary fall in 2009 placement

KOLKATA: The all-pervasive global meltdown has not spared even headline-making placements of IIM grads, known for hefty-package offerings, as average salary in the 2009 placement season at IIM-C witnessed a fall of 23 per cent over the last year.

Director of IIM-C Shekhar Chaudhuri told reporters today that the domestic average this year was Rs 12.7 lakh, with the highest offer at Rs 60 lakh per annum, while the average international package exclusive of bonus was USD 86,785 per annum.

Several public sector units and public sector banks had recruited from IIM-C this year, he said.

Public sector companies included IOC, NTPC, Coal India, and the nationalised banks were Bank of Baroda and Union Bank of India.

He said all the 265 students had got placement offers from various companies.

The foreign companies which recruited from IIM-C were Frost & Sullivan, BCG, A T Kearney, McKinsey, Barclays, Merrill Lynch and others.