Friday, March 11, 2011

IIM-C grads opt for Finance sector, Consultancy comes second

Indian Institute of Management-Calcutta (IIM-C), which wrapped up its final placements for the batch of 2009-11 in five days flat, has seen 31.3% of its students opting for the finance sector, followed by 23.7% choosing consulting and 21.6% going for the marketing sector.

Some 70 foreign offers were made to the batch, a significant increase over last year, with Abu Dhabi, Sydney and Miami among the new locations on offer. While the institute declined to divulge salary details, at IIM-C, the Slot 0 finance firms' offers generally comprise a fixed component (Rs. 3-4 million for Indian locations and Rs. 4-6 million for foreign locations) and bonuses according to industry standards. Slot 0 consulting firms generally offer around Rs. 2-2.5 million base package for Indian locations in addition to a bonus component. Slot 0 marketing companies offer around Rs. 1.5-2.0 million for Indian locations. All the offer details are yet to come in.

But speaking at a press conference, IIM-C Dean (Programme Initiatives) Professor Sougata Ray said: "We are expecting atleast a 10-15 % increase in offer packages over last year." Last year, the average domestic compensation excluding year-end bonuses stood at Rs. 1.53 million. The final placements alone saw 21 new recruiters. Nielsen & Co. selected students for their emerging leadership program in the finance domain. Daiwa, Avendus, India Infoline and CRISIL were some of the finance firms that visited IIM-C for the first time.

Source: The Economic Times, March 11, 2011
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