New Delhi: Suddenly, entrepreneurship is the buzzword at IIM-Ahmedabad campus this year even though job offers have become more and more lucrative and pay packages have hit a new high.
The highest purse for an international posting hit $300,000 during the placements at IIM-A last week while the highest domestic pay packet shot up to Rs 10 million a year.
Yet, these unprecedented levels of salaries failed to lure away at least 11 IIM-A graduates, who either opted out of placements or rejected job offers to start their own enterprise.
Two of these students rejected associated offers in excess of Rs 1 crore from investment banks to opt for starting their own venture, an IIM-A professor said.
A total of 63 students, out of a total of 235 students from the batch of 2007, accepted international placements this year. Eleven students rejected foreign offers to take up jobs in India.
Headhunters from 86 firms visited the IIM-A campus during the placements this year. They included leading investment banks and consulting firms such as Bain, BCG, Deutsche Bank, Lehman Brothers, McKinsey and Merrill Lynch.
Blackstone Real Estate, Fischer Jordan, ING, Opera Solutions and Value Partners were some of the new additions to the list of headhunters this year.
The highest number of offers was given by Lehman Brother (17 offers-14 acceptances), Merrill Lynch (15 offers-14 acceptances) and McKnisey (13 offers-12 acceptances). The final student placements concluded on Monday.
"The highest international acceptances ranged from $2,25,000 to $3,00,000 and the highest domestic acceptance ranged from Rs 60 lakhs to Rs 1 crore," PTI quoted an IIM-A professor as saying.
(With agency inputs)
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