Average salary offered this 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 are hiring from top tier B schools, and the salaries offered this 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 second.
The summer placements of Indian School of Management, Kozhikode was the best this 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 Consulting etc.
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.
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% this year to touch Rs. 20,000 a month. Last year , 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 assignment.
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