IIM-A graduate gets highest offer of Rs.14.4 mn

Briefing mediapersons on the on-campus recruitment drive, IIM-A director Samir K. Barua refused to divulge either the name of the company or that of the student.

 

The figure is said to be the highest for any IIM student in India.

 

However, he hastened to add this was an average salary that depended a lot on other factors like the annual bonus, which was in turn based on the candidate's performance.

 

Barua said IIM-A continues to be the most preferred business school for recruitment as reflected not only in terms of the diversity of organisations that participated in the placement drive but also by the offers that have been made.

 

The weeklong placement process, which began March 6, saw participation from 260 students and 120 companies, both domestic and foreign.

 

Compared to last year, the highest international acceptances saw a 20 percent rise in salary that ranged from Rs.11.2 million to Rs.14.4 million, he said.

 

"In judging an offer do not talk simply of salaries. Talk of the diversities of offers. These are far more better parameters," Barua told quizzing mediapersons, adding that salary figures depended on multifaceted factors such as the company involved, work experience and the candidate's ability.

 

"Given the adverse market conditions, the salaries offered this year have exceeded all expectations," Piyush Kumar Sinha, chairperson of placement, said.

 

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