The highest international offer of $3,40,000 (Rs 1.36 crore) during final placements on the Indian Institute of Management, Calcutta campus this year has come from an international investment bank. The highest domestic salary has been in the range of Rs 65 to Rs 70 lakh per annum.
IIM Calcutta (IIM-C) had beaten IIM Ahmedabad (IIM-A) last year in terms of the highest international offer made. IIM-C bagged an offer of $2,50,000, whereas IIM-A got an offer of $2,25,000. But this year, IIM-A leads the pack with an offer of $3,60,000 (Rs 1.44 crore) made to one of its students by a financial conglomerate.
At IIM-C, the average domestic salary was Rs 16.4 lakh per annum. A total of 243 offers were made to the students before the beginning of final placements.
This included 153 offers made during the laterals process and 90 pre-placement offers (PPOs) that were awarded for excellent performance during the summer internship.
While India still remained a preferred destination for a majority of the students, some students also accepted assignments in the UK, US and the Asia Pacific region.
Around 34 per cent of the batch members opted for jobs in the financial sector. Some of the companies which hired students included Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, ING, JP Morgan and Barclays. Slot Zero investment banks made 32 i-bank offers to the students.
A total of 26 per cent of the students preferred consulting companies. As many as 42 offers were made by the Slot Zero consulting firms on campus. Major consulting groups such as Mckinsey, Bain, BCG, AT Kearney and AD Little hired in good numbers.
Around 22 new companies came to campus this year. These included O3 Capital, Dawnaday, Ocean Oil, Lodha Group, Anand Rathi and Opera Solutions.
The campus also saw the participation of marketing giants such as P&G and HUL. Other marketing companies, including Nokia, ITC, Nestle and Asian Paints, hired in good numbers.
The class of 2008 at IIM-C will be the first to send students to companies such as Goldman Sachs, Morgan Stanley and AD Little.
