IIM Bangalore students get 15-20% increase in salary package

The Indian Institute of Management (IIM), Bangalore students get offers by overseas companies, and a 15-20% increase in average salary package, in placement process 2014.

The PGP 2014 batch students received 80-90 overseas offers from cities like London, New York and Hong Kong.

The companies are Goldsman Sachs, Bank of America, Deutsche Bank and Citi Bank and many more.

The placement process at IIM Bangalore had started on 10th February 2014.

Around 125 companies offered 400 job offers to the students. In 2013, it was 415 offers from 150 companies. The average salary package for this year is Rs 19 lakh.

"It was a recession-proof process. We got all the companies back on campus and more," said Sankarshan Basu, chairperson, career development services at IIM-B. "Everybody got the job they wanted and it has been one of the fastest closures. The roles offered are also better and people with experience have got some good profiles."

He added, "We should not draw a picture of the process based on the overseas offers as these might not be the best ones in terms of purchasing power parity, but a domestic offer (that pays Rs 30 lakh, for example) might be."

"The IIMs are a very important source of top talent for our business in India. We continue to recruit in large numbers from these institutes to fuel our growth," said Suresh Subudhi, partner & director, BCG India.

"We made 44 offers across IIM A, B, C and L and are happy to note that we continue to be the top preference for most students wishing to pursue a career in a global consulting firm." he said.

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