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| Money
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| IIM-A student bags highest salary |
| A student of the Indian Institute of Management at Ahmedabad (IIM-A) has bagged the highest salary package of Rs 1.44 crore
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| INDIA
, 11-March-2008
10:56:17 AM |
| A student of the Indian Institute of Management at Ahmedabad (IIM-A) has bagged the highest salary package of Rs 1.44 crore.
The IIM-A has remained unaffected by subprime crisis and the slowdown in the US economy.
''Our main concern this year was the subprime crisis. We are relieved that this has not affected the placement at all and the average salary offered has been about 30 per cent more in comparison to last year,'' IIM-A director Sameer Barua told reporters on Tuesday.
''The IIM-A enjoys a special status among the recruiters. That might be the reason they (companies) did not wish to break that relationships with us,'' Barua said.
The highest international annual salary of Rs 1.44 crore was offered by a company in finance marketing sector, informed IIM-A officials.
However, they refused to reveal the identity of either the company or the student, saying both have requested anonymity.
''Given the adverse market conditions, the salaries offered this year have exceeded all expectations. The average domestic salary amongst the accepted offers this year is Rs 17.85 lakh as against Rs 13.7 lakh last year,'' IIM-A officials informed.
''The students have preferred to stay in Asia-Pacific region as 87 per cent of them have chosen this destination, while just 11 per cent have preferred to go to the US and Europe and two per cent have chosen West Asia,'' Barua said.
The acceptance of Asia-Pacific region indicates the balance of economic power shifting from West to the East, Barua added.
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