2009-At a time when
the private sector, reeling under the heat of the global financial
meltdown, is cutting salaries and reducing jobs; Public sector
undertakings are back in the spotlight as preferred job destination
for young aspirants from IIM's . With revised pay structure and
a proposed 50 to 60% increase in salaries of PSU employees, PSU
jobs have becme much saught after in the prestigious IIM's .BHEL-Bharat
Heavy Electricals has been invited for campus placement
by the Indian Institutes of Management (IIMs) after a gap of
almost a decade. 2009-Campus Offer-Salary-
at (IIM) Indore dipped by 21 per cent. It is tough time for MBA
graduates even from elite B-schools of India as was evident
from the fact that salaries for the 2009 batch of the Indian
Institute of Management, (IIM) Indore dipped by 21 per cent.
The institute said that its batch of 175 students averaged an
annual salary offer of Rs10.29 lakh, a 21% dip from the Rs13.07
lakh average offer last year. This year, the B-school had 126
recruiters on campus, 71 of them first-time ones. Virgin Mobile,
Manipal Group, Punj Lloyd and Jindal Steel were among the new
recruiters at IIM Indore.
Last Year-2008-Average salary offered last year TOP TIER B
SCHOOLS) was in the range of 8-10 lakhs and average foreign
salary was in the range of $75,000-$1,00,000 per annum.
More companies were hiring from top tier B schools, and the
salaries offered last year have seen a huge surge upwards
vis-à-vis previous years. The maximum offers came from
financial services and the IT and KPO / BPO sectors. At IIM Ahmedabad-Barclays
offered 16 positions. But the Financial services sector was clearly
dominant this year and traditional hot sectors as FMCG etc. came
The summer placements of Indian School of Management, Kozhikode
was the best last year. All student got placed . Overall stipend
grew by 35%.Average stipends were around Rs. 20,000 a month. Yahoo!
was the highest among the domestic offer with stipend figures touching
Rs. 45,000/-per month. Quite a few students got summer internship
abroad. Among the companies those who visited IIM Kozhikode were
Goldman Sachs, PwC, JP Morgan Chase, StanChart, HSBC Bank, Deloitte
IIM Calcutta had 90 of its students picked up for internship abroad. Led by Investment banks such as Morgan Stanley, Merrill Lynch, Goldman Sachs, Credit Suisse , Fortis, Lehman Brothers, UBS, Citigroup, ABN Amro , Barclays. Private equity companies such as Tano Capital, Baring Private Equity also recruited for positions in New York. 33 firms at IIMC picked uo over 90 students for internship across the world including New York, London, Singapore etc.
In 2008, Investment Banks were clearly the favorite in IIM
Bangalore with about 68% of the students opting to pursue a
career there. Deutche Bank, Barclays Capital, JP Morgan, Lehman
Brothers offered multiple summer internships. This time a total
of 101 students were offered internship abroad.
For Indian positions stipend ranged from Rs. 90,000- 4.5 lakh.
International stipends ranged from $12,000 -22,000.The average
international stipend rose by $2000 this year ( $14,000 compared
to $ 12,000 last year). Average Indian stipend grew 35% last
year to touch Rs. 20,000 a month. In 2007, Wellingkar placed
189 students with the highest salary of Rs.7.2 Lakh given by
a domestic company and around Rs 17 Lakh for an international