Indian Institute of Management Calcutta (IIM-C) graduate bags a package as hefty as Rs 1.6 crore.

Last Updated: 2010-03-10T05:00:31+05:30

IIM Calcutta (IIM C) Student Gets Rs 1.6 Crore Offer

New Delhi: Indian Institute of Management Calcutta (IIM-C) students have done exceptionally well, being offered pay packages as hefty as Rs 1.6 crore within just two days of its commencement. A student from the IIM-C has bagged a record-breaking package from a global investment bank in South East Asia of $350,000 (Rs 1.6 crore) making the institute a hot destination for the recruiters with exceptional pay packets this year.
In addition, two more students have been offered the bulky packages of over Rs 1 crore each. All these three students are to be placed in London and Hong Kong investment banks as associates. As per sources, IIM C has left behind the rest of the IIMs with 91 slot zero offers (when the largest firms give out their best salaries) it was the highest among all, considering just two days of its commencement.
The newly introduced cohort system based placements has lead to the IIM-Bangalore standing at the second position after Calcutta, with 64 slot zero offers followed by IIM-Ahmedabad with 50. These figures exclude the pre-placement offers. Initially, there were rumors that the highest pay packet of Rs 1.44 crore has been bagged by a student from IIM-A, while that of IIM-B's was Rs 1.14 crore this year, which later was confirmed and the crown was given to IIM-C.
- By Archana Sharma
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