The premier Indian Institute of Management, Ahmedabad saw a 25 per cent drop in the average compensation package offered to its final-year post-graduate programme students in this year’s placements, conducted over nine days from February 25 to March 5.The average yearly salary for domestic offers stood at Rs 12.17 lakh and international offers at $83,000. Last year, the average offered by domestic companies was Rs 17.85 lakh — a 30 per cent jump from Rs 13.7 lakh in 2007, and the average international salary offered was $1,19,000.
The highest number of offers on campus were made by the Union Bank of India [Get Quote] (18 offers). Twelve students were recruited by Jaypee Capital, a first-time recruiter on campus — for managing their operations in financial and capital markets.
