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Thursday, Mar 16, 2006


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Consulting, investment banking jobs hot favourites at IIMB

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Offers galore
The average domestic salary offered to graduating students stood at Rs 9 lakh, while the average international salary touched $90,000.

Bangalore , March 15

This year too consulting companies and investment banks were the flavours of the placement season at the Indian Institute of Management, Bangalore. Forty-seven out of the 182 students opted for consulting jobs and an equal number took up offers from investment banks.

According to the representatives of the student media cell, 76 international offers have been accepted. Global firms that participated included McKinsey & Co, Boston Consulting Group, AT Kearney, Accenture, KPMG, Bain & Co, UB, Barclays Capital, and Lehman Brothers. A total of 110 international companies participated in the placement process.

ICICI Bank, Cognizant Technologies, Infosys, Wipro, and TCS were the Indian recruiters. The average domestic salary stood at Rs 9 lakh, while the average international salary touched $90,000.

Commenting on the $1,93,000 offer made to Mr Gaurav Agarwal by Barclays Capital, London, IIMB Director, Dr Prakash G. Apte said, "It's nothing exceptional. Salary packages are going up everywhere." He said that `high salaries' would push IIMB's rating further. "It will definitely work in our favour," he said.

Singapore campus

IIMB's Singapore campus will be ready only by the end of year. Dr Apte told reporters here that there were some `legal tangles' to needed to be sorted out. Though the Institute has been getting enquiries from countries in West Asia, IIMB would restrict its foray abroad to Singapore now, he said.

Meanwhile, IIMB has increased its intake of students this year to 260 and will hike the PGP fees by five per cent.

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