IIM-C: Average domestic salary down by 23 pc
40 pc of the students chose finance portfolios, both in India and abroad. Some of the major recruiters for finance during the final placement process were Jaypee Capital, ICICI Lombard and ICICI Prudential, Futures First, Allegro Financial Services and Edelweiss Capital. Jaypee Capital extended the maximum number of offers across India at IIM Calcutta with 16 offers. Around 20 offers out of the 56 pre-placement offers were made by the Wall Street banks. Other firms which participated in the process include TVS Capital, Barclays Capital, Merrill Lynch, JP Morgan Chase, Morgan Stanley, Macquarie Bank, Royal Bank of Scotland and Credit Suisse. The Laterals process saw Baring Private Equity Partners, an international PE Asset Management firm make only one offer across India, to a student from IIM Calcutta.
21 pc of the students were offered consulting profiles. The biggest recruiter this time was McKinsey & Co with 10 offers. IIM Calcutta played host to Frost and Sullivan, first-time recruiters in India, offering all international roles. Other recruiters were The Boston Consulting Group, Bain & Company, A.T.Kearney, Opera Solutions, Accenture, Deloitte and Cognizant Business Consulting. Corporate Executive Board, an American Consulting Firm recruited exclusively at IIM-C.
Marketing profiles were offered by 27 pc of the companies that came to campus. Some of the regular recruiters were Hindustan Unilever, Procter and Gamble, ITC and Nokia. Public Sector Units such as IOCL, NTPC, Coal India and Andrew Yule also recruited from IIM-C.
Pay Packages
According to the instituteas press release, aAs expected, this yearas pay packages saw a dip from last time, on an average. The domestic average this year has been Rs. 12.7 Lakhs, with the highest offer at Rs. 60 Lakhs per annum. The average international package, exclusive of bonus, came up to USD 86,785. With the bonus factored in, the international package sizes exceed those of last yearas. While it may be noted that the average salary fell by around 23% this time, it has to be emphasized that the firms that visited campus last year did not lower their packages this year. The intake per company had come down, resulting in the fall in package.a