IIM-B creams the best paid jobs [ 86 lakhs INR per annum ]
It’s official. The Indian Institute of Management, Bangalore (IIMB), has topped the placement chart till now among its peers. The institute’s graduate Gaurav Agarwal has accepted an offer of a whopping $193,000 (Rs 86.85 lakh) per annum from the Barclays Capital London, while Venkatesh Shankaraman has received the highest domestic offer ever at an IIM of Rs 30 lakh per annum. But the latter has still not accepted the position in Mumbai made by an international firm.
IIMB director Prof Prakash Apte told ET, “This only goes to show the high quality talent that we have.” In 2005, four IIMB students got the highest international offers till then at $120,000 (Rs 56.55 lakh) from Lehman Brothers while the highest domestic offer of Rs 15 lakh was made to seven students by McKinsey & Co and Boston Consulting Group.
In all, 65 of the 182 students graduating in 2006, who signed in for placements this year, have accepted recruitment offers, according to IIMB placement committee members. Twenty one companies including 10 investment banks (Goldman Sachs, BNP Paribas, Barclays Capital, Lehman Brothers, Deutsche Bank, JP Morgan, HSBC etc); seven consulting firms (McKinsey, Bain and Co, Boston Consulting Group, AT Kearney, Deutsche Post etc) and four other international firms took part in the Day Zero placements. New firms this time were ABN Amro, Merrill Lynch, UBS, Bain and CO, Diamond Cluster and Ameriprise Financials. Locations offered includes
Hong Kong, Singapore, London and Minneapolis.
McKinsey has recruited the most number of students (nine) so far this year from IIMB. There have been 15 lateral offers made at the institute. Pre-placement offers stood at 52, of which about 13 have been accepted. In fact, Nagpur-born Gaurav Agarwal got his record placement through a pre-placement offer. Only one student Kunal Mahipal has opted to go for the entrepreneurial route.
An interesting phenomenon being seen at the IIMB campus is that students with engineering background and a couple of years of work experience are getting offers in finance and consulting firms. About 70% of the graduating class have an engineering background.
There are reports that IIM, Ahmedabad, had received its highest international offer of about $185,000 (Rs 83.25 lakh) this year.
However IIMA’s spokesperson refused to confirm it, stating only that the institute expects salary figures to be substantially higher than last year. IIMA in 2005 had seen record offers of $152,000 (Rs 68.4 lakh) and Rs 14.5 lakh in the overseas and domestic categories respectively.
IIMB director Prof Prakash Apte told ET, “This only goes to show the high quality talent that we have.” In 2005, four IIMB students got the highest international offers till then at $120,000 (Rs 56.55 lakh) from Lehman Brothers while the highest domestic offer of Rs 15 lakh was made to seven students by McKinsey & Co and Boston Consulting Group.
In all, 65 of the 182 students graduating in 2006, who signed in for placements this year, have accepted recruitment offers, according to IIMB placement committee members. Twenty one companies including 10 investment banks (Goldman Sachs, BNP Paribas, Barclays Capital, Lehman Brothers, Deutsche Bank, JP Morgan, HSBC etc); seven consulting firms (McKinsey, Bain and Co, Boston Consulting Group, AT Kearney, Deutsche Post etc) and four other international firms took part in the Day Zero placements. New firms this time were ABN Amro, Merrill Lynch, UBS, Bain and CO, Diamond Cluster and Ameriprise Financials. Locations offered includes
Hong Kong, Singapore, London and Minneapolis.
McKinsey has recruited the most number of students (nine) so far this year from IIMB. There have been 15 lateral offers made at the institute. Pre-placement offers stood at 52, of which about 13 have been accepted. In fact, Nagpur-born Gaurav Agarwal got his record placement through a pre-placement offer. Only one student Kunal Mahipal has opted to go for the entrepreneurial route.
An interesting phenomenon being seen at the IIMB campus is that students with engineering background and a couple of years of work experience are getting offers in finance and consulting firms. About 70% of the graduating class have an engineering background.
There are reports that IIM, Ahmedabad, had received its highest international offer of about $185,000 (Rs 83.25 lakh) this year.
However IIMA’s spokesperson refused to confirm it, stating only that the institute expects salary figures to be substantially higher than last year. IIMA in 2005 had seen record offers of $152,000 (Rs 68.4 lakh) and Rs 14.5 lakh in the overseas and domestic categories respectively.
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