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IIM (A) grads witness big jump in salary offers

IIM (A) grads witness big jump in salary offers
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First Published: Tue, Mar 04 2008. 09 44 AM IST
Updated: Tue, Mar 04 2008. 09 44 AM IST
Ahmedabad: The lateral placements for 2006-08 batch of students completing their two-year post graduation diploma in business management (PGDBM) at Indian Institute of Management, Ahmedabad, has witnessed a sizeable jump in job and salary offers.
The lateral recruitment process is specifically for students with prior work experience of at least 18 months. The number of students eligible for lateral placements at IIMA this year was 112, compared with 89 last year. 38% of the batch had experience in IT & ITES sector, with 4% each having experience in operations & manufacturing sector, 5% in engineering, 3% each in Finance & General Management, 1% in marketing and 5% in other industries. 37% of the batch comprised of fresh graduates.
The number of firms participating in the process this year was at 37. These firms made a total of 103 offers, with the number of firms offering international positions up from three last year to seven this year. The average salary for the laterals process too witnessed increase from Rs16.2 lakh last year to Rs18.3 lakh this year, with highest domestic salary being offered at Rs35 lakh plus and international salary was around $1,30,000, a senior faculty member told Mint.
Firms from consulting, private equity, real estate, finance, information technology, general management and marketing, participated in the process.
Among the notable global firms recruiting on campus this year included Booz Allen Hamilton, Monitor Group, Google and Amazon. Top Indian firms, the Aditya Birla Group, Trilogy and HCL too were present this time to pick up students for middle and upper management positions, the IIMA press release stated.
The final placements for the batch would begin on 6 March 2008.
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First Published: Tue, Mar 04 2008. 09 44 AM IST