Releasing its CRISIL-audited final placements, the Indian Institute of Management, Ahmedabad, (IIM-A) reported the highest domestic maximum earning potential (MEP) of the outgoing batch of students at Rs 39.8 lakh per annum (pa) as against Rs 37 lakh pa last year.
This is the second year IIM-A has reported MEP, including non-cash, long-term and performance-linked components. About 120 companies participated in the laterals and final placement process this year. Participating firms spanned diverse sectors such as banking, financial services and insurance (BFSI), conglomerates, FMCG, consulting, information technology (IT), engineering, environment and energy, manufacturing, telecom, real estate, and media, among others. The lowest domestic MEP stood at Rs 7.50 lakh pa for 2012 placements as against Rs 8 lakh pa last year. Under the international salary heads, IIM-A reported the highest MEP at $166,926 pa and lowest at $47,340 pa, against $135,643 pa and $60,500 pa, respectively.
In terms of sectors, picking up 106 of 365 students, consulting pipped BFSI as the largest recruiter this year. In what could hint at sluggish financial market impacting its hiring, the BFSI sector recruited 72 students of 365 in 2012 as against 94 of 304 last year.
Among the sectors offering the highest domestic base salary and additional guaranteed cash components were BFSI at Rs 37 lakh pa, followed by IT at Rs 22 lakh, while pharmaceutical and healthcare sectors offered the highest domestic base salary and additional guaranteed cash components at just Rs 10.6 lakh pa. Functions-wise again, finance and IT offered the highest domestic base salary and additional guaranteed cash components at Rs 37 lakh pa and Rs 22 lakh pa, respectively.
Barclays Capital, Deutsche Bank, Goldman Sachs, Morgan Stanley, Citibank and Nomura were some of the investment banks that recruited students from the batch of 2010-12. Other banks and financial institutions such as RBI, YES Bank, DBS and Axis Bank also recruited a significant number of students this year. Recruiters in the consulting space included the Boston Consulting Group, McKinsey & Company, Bain & Company, Oliver Wyman, Opera Consulting, AT Kearney, Booz & Company, Accenture and Deloitte.
