Average salary falls by 23 pc in IIM-C 2009 placement

Kolkata: Global meltdown has not spared even headline-making placements of Indian Institute of Management (IIM) grads.

The average salary in the 2009 placement season at IIM-Calcutta witnessed a fall of 23 per cent over the last year.

Director of IIM-C, Shekhar Chaudhuri told reporters on Tuesday that the domestic average this year was Rs 12.7 lakh, with the highest offer at Rs 60 lakh per annum, while the average international package exclusive of bonus was $86,785 per annum.

Several public sector units and public sector banks had recruited from IIM-C this year, he added.

Public sector companies included IOC, NTPC, Coal India, and the national banks were Bank of Baroda and Union Bank of India.

He said all the 265 students had got placement offers from various companies.

The foreign companies which recruited from IIM-C were Frost & Sullivan, BCG, A T Kearney, McKinsey, Barclays, Merrill Lynch and others.