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IIM-K grad bags Rs 49.5 lakh offer

Source: PTI
March 05, 2007 13:18 IST
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Twenty-one students of Indian Institute of Management, Kozhikode have bagged foreign job offers this year with the highest being $1.10 lakh (approx Rs 49.5 lakh) per annum.

According to a IIM (K) release, the students have bagged offers for jobs in the US, Europe and West Asia in the campus recruitment and the average salary offered isĀ $85,000.

The highest international offer during the previous year was $70,000 (approx Rs 31.5 lakh). The average domestic salary had also increased from Rs 9.02 lakh during the previous year to Rs 11.76 lakh this year, marking an increase of over 30 per cent, it said.

The highest domestic pay, which was Rs 16.67 lakh per annum last year, has gone up to Rs 22 lakh this year, registering an increase of almost 32 per cent.

About 75 per cent of the batch has secured jobs with remuneration above Rs 10 lakh with 33 students bagging offers of more than Rs 15 lakh.

Infosys, Wipro, Patni Computers, Cognizant and the RPG Group are some of the companies that have offered jobs to the students this year.

In all, 34 new companies, including McKinsey, KPMG, Accenture Business Consulting, Bank of America, JP Morgan, HSBC, Goldman Sachs, Yes Bank, Google, Yahoo, Colgate-Palmolive and Cadbury, have come to recruit students from the Institute this year.

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