The Hindu Business Line : IIMB grad creates history

Finally it was $193,000. Mr Gaurav Aggarwal, of the graduating batch of the Indian Institute of Management, Bangalore, has created history with his offer letter from Barclays Capital, London. He's now the highest-ever-paid graduate across all IIMs.

On Friday, the Day Zero of placements at the IIMB, Barclays Capital, London, offered Mr Aggarwal an international posting and a salary close to Rs 86 lakh a year. Though the campus is buzzing with excitement, Mr Aggarwal shrugs it off.

"This is pretty much international standards and no, I didn't have to negotiate for it," says Mr Aggarwal, a former Silicon Valley employee.

On the first day (called Day Zero) of the placements at the IIMB, 65 students of the 182-strong batch have been placed. Recruiters on the first day were only global investment banks and consulting companies. Goldman Sachs (London, New York), BNP Paribas (Hong Kong), Barclays Capital (London, New York, Hong Kong, Singapore), Merrill Lynch (Hong Kong, Singapore), McKinsey, AT Kearney and BCG were among the 21 companies that took part in the placement process on Friday.

Though most of recruiters offered international postings, some of these companies also made domestic offers. Mr Venkateshan Shankaran was offered the highest domestic salary of Rs 30 lakh a year, but representatives of the student media cell refused to name the company. Sunday and Monday are Day One placements when marketing, IT and several Indian companies (HLL, P&G, Kotak, Citibank, Accenture) will be making their offers, they said.

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IIMB grad creates history