Bangalore: Students at Indian Institute of Management (IIM) - Bangalore are giving their counterparts at IIM-Ahmedabad a run for their money in the race for the ultimate management job.
IIM-Ahmedabad's average domestic salary for its students is Rs 9.72 lakh as against IIM-Bangalore's Rs 9 lakh.
However, this year, the final placement process at IIM-B - which concluded on Tuesday - saw the institute set new benchmarks for Indian MBA graduates with the highest salary offer from foreign placements touching Rs 85 lakh.
IIM-Banglaore has had great placements this year too, and top firms made a beeline for campus recruitments.
Overall, 110 companies participated in the placement process with the average international salary increasing to USD 90,000 per annum this year and the average domestic salary to Rs 9 lakh per annum.
For the first time ever, an Indian bank was at IIM-B to recruit for its global locations. ICICI offered positions for its London and Singapore offices.
Along with regular consulting recruiters like Mckinsey & Co, Boston Consulting Group, at Kearney, Accenture, KPMG and others, there were a host of new firms including Bain & Co, besides niche players including Amex, Diamong Cluster, Ameriprise Financials, Globaleprocure, Chainanalaytics and others.
“IIM-B has done very well this year. With its alumuni base in place now recruiters have realised that if they come to IIMs, IIM-B is not a place to be missed,” IIM-B Placement Committee Member, Nidhi, says.
IIM-B has registered itself in the IIM history book this year with almost 34 percent of the batch taking up offers from day zero as against 24 per cent in IIM-A.
The total number of day zero offers increased by an unprecedented 58.5 per cent, from 41 to 65.
There has also been a tremendous increase in the number of companies that participated in day zero of the process, by a 31 per cent.
One year's figures definitely do not make a trend, but the developments are significant.
(With inputs from Roshni Menon and PTI)
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