NEWS & ADVICE : EDUCATION LOANS
IIM-A observes salary hike; ICICI and Yes Bank pose as largest recruiters
By Neelima Shankar
Mar 11, 2010
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A major frame shift was observed in the recently conducted recruitment scenario at IIM-A. Consulting firms left the finance sector behind to emerge as the largest recruiter in IIM-A. The campus placement season this year saw a credible rise in salary structure offered to the students as compared to last year. However, the salaries offered still lagged behind the ones offered in 2008 during the period of boom.

Finance sector companies closed with 27 offers while the leader turned out to be the consulting firms which ended the show with 29 offers. Despite the global financial crisis in 2009, finance companies had continued to rule the top position of recruiters last year. But this year tables seem to have turned.

Even though the banking sector lagged behind this time, individual companies continued with their charm this year too at the campus placements. While last year it was Union Bank of India which took the cherry on the pie with as many as 18 offers, this year witnessed dual show stoppers by the names of ICICI Bank and Yes Bank. Both banks took 13 candidates each which is the maximum number hired by any company this year.

Holding the second position this year was Deloitte which picked 10 candidates including laterals for its US based consulting wing. Union Bank of India however made only 2 offers this time.

Boston Consulting Group and Ispat Industries picked 8 candidates each for both consulting and general management roles respectively.

Amongst the other top recruiters are the Tata Administrative Services and niche consulting firm Feedback Ventures. Both made six offers each.

The average domestic salaries showed an improvement from Rs 12.17 lakh in 2009 to Rs 14.94 lakh this year. However, the average salary this year still stayed below the 2008 levels of Rs 17.85 lakh. Average international salary this year was $1, 10,750, an upgradation over last year's figure of $83,000, but again below $1.22 lakh offered in 2008.

Although finance and consulting firms were major recruiters, students who wished to go to other sectors also had great scope. Big names in the marketing business such as P&G, HUL, Nestle, Airtel, J&J, Nokia, Philips, Titan, Cadbury, etc hired around 15% of the students.

 


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