Associate Offers from International Firms / I-Banks Put IIMA Students at Par with Ivy League Grads

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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 international acceptances ranged from $ 225,000 to $ 300,000 and the highest domestic acceptances ranged from Rs. 60 lakhs to Rs. 1 crore, depending on minimum and average bonuses.
The minimum international salary was $ 31,800 and the minimum domestic salary was Rs. 8 lakhs p.a. The average entry level domestic salary increased by around 40% to INR 13.6 lakh per annum from INR 9.72 lakhs last year, while the international average stands at USD 115,300, a rise of around 25%. The average lateral domestic salary increased by 52% to a high INR 16.13 lakh per annum.

Lateral Placements at IIMA Surpass Past Expectations

The Lateral Placements at IIMA for the batch of 2007 were held in the months January-March 2007. This year, the lateral placements were characterised by the sheer diversity of jobs across sectors. The highlight of the placements was the highest domestic salaries ever achieved by B-school graduates. In the recently concluded process, as many as 153 offers were made by 38 firms to the eligible candidates, and 28 of them were accepted. The average laterals salary accepted was Rs. 16.13 lakhs p.a. The offers made also included 14 overseas offers, of which 4 were accepted.

A major highlight of the lateral placements has been the diversity of the job offerings for middle-management positions. This year saw involvement of a variety of firms offering roles in private equity, business development, sales, consulting, finance, general management, IT, marketing, operations, retail and strategy. Leading recruiters in these sectors, which came for the first time, were Cypress, Feedback Consulting and Standard Chartered Bank. Regular patrons like Booz Allen Hamilton, Arcelor-Mittal and TSMG also participated in lateral placements. Private equity firms such as Audax, Nexus and Sun also recruited laterally during Slot Zero of final placements. Conglomerates such as Alshaya, RPG, Essar and Reliance were also involved in laterals, picking up students for non-entry level positions.

Overall, the laterals process this year has reaffirmed the fact that IIM Ahmedabad has evolved into a favourable destination for a diverse set of recruiters across sectors and roles, which underscores its superior quality of students and their diversity.

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