Bangalore: The cloud of recession looming large over Indian economy for sometime seems to have been cleared at least at the premier B-school of the country, Indian Institute of Management Bangalore (IIM-B), where students are getting fat salary offers.
The second year students of Post Graduate Programme in Management (PGP) at IIM-B are said to be getting salary offers as high as `70 lakh ($150,000) from top companies, as part of lateral placements process currently under way at the campus.
However, officials at the top B-school preferred to maintain silent on the offers. IIM-B career development services head Sapna Agarwal said it was the policy of the institute not to share information about placement activities.
Lateral placements are meant for students with at least 22 months of prior job experience, before they come to pursue their managerial course at IIM-B. “The lateral placements will end on Saturday (February 19). Till, now, close to 100 students have been hired by 30 top global companies,” she said.
Experts say that IIMs have reported up to 20 per cent to 25 per cent increase in salaries offered by companies across sectors such as consulting, FMCG, financial services and IT, to experienced professionals this year. In most of the IIMs, the highest domestic package on offer is Rs30 lakh, up from Rs28 lakh last year, while the highest international package is Rs70 lakh.
Some of the top firms hunting at IIMs for best brains are Deloitte Touche Tohmatsu, PwC, Cognizant Business Consulting, Infosys, Wipro Consulting, HCL, TCS, Reliance Power, L&T etc.
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