Downunder at IIMs! Australian Bank Makes Offer at IIM Indore
Game, Set and Match... IIM Indore Final Placements 2006

IIM Indore, the youngest of the IIMs, has raised the bar for B-school placements with its swash-buckling Final Placements for the batch of 2006. Eight international placements from diverse sectors like banking, operations consultancy and media, and 4 additional international postings across the globe were among the many aces served in the quick-fire match, which lasted barely 24 hours. Apart from the statistical significance of the higher-than-ever average salaries, participants were able to choose from multiple offers based on their preferences and objectives. All the companies left the campus with smiles on their faces having recruited some of the best brains in the country.

The much awaited and the most exciting days - Placement Week - in the life of a management graduate drew to a close at IIM Indore in an atmosphere of euphoria. None of the participants had to wait long to be placed, with the tally at the end of the slot-closing not only assuring at least one job for the 113-strong batch but also beating all benchmarks set in the previous years for the entire process. The number of offers boomed to 295 with an average of 5.5 offers per company. The average CTC salary offered was Rs. 8.50 lakhs with a high of a USD 70,000 international salary.

The Advantage - Indore

IIM Indore broke into the ivy league of international placements this year by playing host to two big names in International Business.

The most significant offer was made by Macquarie Bank to one of the participants. Named as the Best Investment Bank for the year 2005, by Australian Banking & Finance Magazine and CFO Magazine and also voted as the Best Equity House 2005 by Asiamoney, Macquarie Bank chose IIM Indore as its first IIM campus for recruitment from India. This underscores the strength of IIM Indore in financial services and banking apart from other functional areas. The AUD 63,775 salary offered was a milestone in itself for IIM Indore.

The second ace was OLAM International Ltd. which extended two International offers on campus in operations consulting. The offered salary of $ 70,000 crossed the benchmark average foreign salaries in some of the other IIMs.

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