Growing Preference for Indian Locations & Entrepreneurship Pursuits Marks IIM-A Placements 2006

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"Off the Beaten Track" - Growing Entrepreneurial Pursuits

As many as 10 students either opted out of placements, or rejected job offers in order to start their own enterprise. It reaffirms the fact that IIMA students have, over the years, had the strong will and confidence in their abilities to reject attractive pay packages to undertake riskier endeavours.

Says Mansur Nazimuddin, who gave up a Pre-placement offer with a leading investment bank and intends to make his mark in the gaming industry, "IIMA trains us to be business leaders. By starting a company of my own, I hope to put to good use some of what I have learned over the past two years. The challenge of running a company of my own is what drives me most towards doing this. What I learned at IIMA will hopefully stand me in good stead in my efforts. I believe, we should follow our hearts and not worry about the results. If I do my job well, the results will follow."

Rise in Salaries

The salaries offered to IIMA graduates have steadily increased over the past few years, and this year was no exception. Both domestic and international salaries increased substantially.

The highest Indian pay package was at INR 34 lakh per annum, for a student placed as Country Head, with a leading Indian firm. The highest International package was $ 1,85,000 offered to three students for Associate level positions with a leading investment bank.

The average entry level domestic salary increased by 23% to INR 9.72 lakh per annum from INR 7.9 lakhs last year, while the international average stands at USD 9,25,00, a rise of over 16%. The average lateral domestic salary increased to a high INR 10.6 lakh per annum.

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