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IIM-C witnesses average salary fall in 2009 placement

IIM-C witnesses average salary fall in 2009 placement
PTI
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First Published: Tue, Mar 10 2009. 06 01 PM IST
Updated: Tue, Mar 10 2009. 06 01 PM IST
Kolkata: The all-pervasive global meltdown has not spared even headline-making placements of IIM grads, known for hefty-package offerings, as an average salary in the 2009 placement season at IIM-C witnessed a fall of 23% over the last year.
Director of IIM-C Shekhar Chaudhuri told reporters on Tuesday that the domestic average this year was Rs12.7 lakh, with the highest offer at Rs60 lakh per annum, while the average international package exclusive of bonus was $86,785 per annum.
Several public sector units and public sector banks had recruited from IIM-C this year, he said.
Public sector companies included IOC, NTPC, Coal India, and the nationalized banks were Bank of Baroda and Union Bank of India.
He said all the 265 students had got placement offers from various companies.
The foreign companies which recruited from IIM-C were Frost & Sullivan, BCG, A T Kearney, McKinsey, Barclays, Merrill Lynch and others.
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First Published: Tue, Mar 10 2009. 06 01 PM IST