The Hindu Business Line : Veil of secrecy at IIM-A's annual placement fair

Recruitment fair
Maximum salary on offer in one case speculated to be around Rs 1.50 crore.
Global investment banker makes the offer; over a dozen firms hunt for talent.

Ahmedabad March 10 With the annual placement fair on in full swing on the third day today, the students of Indian Institute of Management-Ahmedabad (IIM-A) seem to be racing towards emerging as the new breed of millionaire salaried class, with the maximum salary on offer in one case speculated to be around Rs 1.50 crore ($3.33 lakh) per annum.

According to some students, who spoke on condition of anonymity, the whopping offer was made by a global investment banker.

Placements at IIM-A began on March 8 and are scheduled to continue through March 13. Slot one was held on March 8 and 9 with 20-odd companies present, while slot two began on Saturday, with nearly a dozen companies on the campus. In slot one, the maximum salary on offer was around Rs 70 lakh on March 8, and Rs 1.10 crore on Friday. Today, the maximum salary on offer was Rs 1.50 crore, the reports suggested.

Unlike yesteryears, the IIMs have, this year, thrown a veil of secrecy around placement procedure and kept the media at bay till the placements are over. The step was taken to ward off the hype and "unhealthy competition" between different IIMs, which may create a "feeling of inferiority" amongst some students, as a leader put it. As a result, unprecedented security has been put in place on the campus.

Security guards and officials of IIM-A were seen escorting mediapersons, who managed to enter, out of the campus. A spokesman of IIM-A, however, told Business Line on phone that the placements may be over even before the scheduled date of March 13. "Officially, we would be able to confirm anything only after that, probably on March 14," he added.

A student, when contacted, said he spurned an attractive package because he wanted to join an incubator for a start-up company of his own, with possible help from a venture capital fund. Another said on phone that students with financial background were the most sought after ones at the job fair.

More Stories on : Management | Employment | Education

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Reliance, IPCL merger swap ratio set at 1:5

Veil of secrecy at IIM-A's annual placement fair

Volkswagen - wooed and won

Mining body urges rollback of export duty on iron ore

For 2 lakh retired people the wait gets longer

Delay of even a day will attract a month's interest