India Inc now wants readymade CEOs!
CEOs, CFOs, VPs, group engagement managers and more such top level execs are being hired from IIMs.
By TNN |
AHMEDABAD: The CEOs, CFOs, vice presidents, group engagement managers and more such top level executives are now being recruited from the IIMs. As the first PGPX (post graduate programme for executives) batch at Indian Institute of Management-Ahmedabad graduates, leading corporates across sectors have offered top positions with astronomical pay packages.
Sample this, the maximum international salary reached $2,50,000 (over Rs 1 crore) and highest domestic salary was Rs 60 lakh. The average domestic salary offered to PGPX candidates has been Rs 24.65 lakh and the average overseas salary offered stood at $ 1,35,000.
A total of 54 companies visited the campus and made a total of 135 offers. So each candidate in the batch of 58 had more than two offers. The companies from across sectors such as consulting, finance, telecom, IT/ ITeS, energy and retail visited the campus for recruitment.
This includes AD Little, Booz Allen Hamilton, Citibank, Cognizant, Covansys, Cypress, IMACS Delta Lloyd, Fire Capital, Genpact, Infosys, Paramount Airways, Syntel, WNS, Dire Capital, MindTree Consulting, Olam International, Reliance Industries.
“The candidates have been able to move up the ladder and the salaries too have also increased considerably. The salary of the overseas candidates when they joined the programme was $75, 713, which has now gone up to $1,35,507. Similarly, the salary of candidates from within the country was around Rs 9 lakh and this went up to Rs 24 lakh,” said professor Arvind Sahay, chairperson, PGPX.
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A lot of transition across sectors has happened on campus. “Around 57% students were from IT sector and after the placement process only 34% joined the IT sector. Also around 8% students were from finance field on joining and around 15% have moved to it while passing out,” he said.Download
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