Business Standard

Rs 1.6 crore highest global annual salary at IIM-C

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With the economy on the recovery path, Indian Institute of Management Calcutta (IIM-C) has recorded a 20 per cent increase in salaries this year. While the highest international annual salary offered this year was Rs 1.6 crore, the highest touched Rs 75 lakh. The average salary offered touched Rs 15.32 lakh.

About 110 companies turned up for placements this year, including laterals, compared with 87 last year. A total of 310 offers were made during the placements this year (including finals, laterals and pre-placement offers), compared to 269 offers last year.

International offers were made to 17 students, mostly in the financial and banking sector. The highest international offer made this year was of Rs 1.6 crore. Prafulla Agnihotri, chairman (placements), IIM-C, said: “It is true that the highest international offer touched Rs 1.6 crore, but there are a lot of clauses involved, like bonuses, among other factors. We do not get to know of these things, so it is best not to comment.”

Around 280 students were up for placements this year. The batch of 2010 had 65 per cent students with prior work experience. Among them, 12 per cent of the students had experience of more than 36 months.

The major recruiters this year in the financial sector were YES Bank and ICICI Bank. YES Bank made 13 offers, while ICICI Bank made 10. American Express hired six students for diverse profiles, like business transformation, international risk management and for American Express Banking Corporation India.

Around 27 per cent of the students took up consulting offers. Accenture Business Consulting made the most number of offers in the consulting space, with a total of 15 offers across six different roles, of which 11 were made during final placements and four during lateral placements. Cognizant Business Consulting made 14 offers to students during the laterals. Oliver Wyman recruited exclusively from for its offices in London, New York, Dubai, Singapore and Mumbai and made a total of five offers.

Marketing profiles were chosen by 18 per cent of the students. Hindustan Unilever made five offers, Procter and Gamble made four and Nokia three (all including pre-placement offers). Johnson and Johnson made four offers this year.

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