Anjali Prayag

Bangalore, Sept 30

NEARLY six months before the placement season begins, students of the Indian Institute of Management, Bangalore, have already got a spate of preplacement offers. The 180-student Class of 2006 already has 15 Day Zero preplacement offers and 11 Day One preplacement offers.

According to statistics available at the student media cell here, Deutsche Bank has made three offers, Lehman Brothers and HSBC four each. These are among the 15 offers made by leading investment banks across the world. Student cell representatives, however, refused to divulge details of salaries offered.

Last year, at IIMB, Lehman Brothers, Tokyo made the highest salary offer of Rs 54 lakh to four students. Sources at the institute are upbeat about the salaries this year, expecting it to match last year's figure.

The March 2005 campus placement process at the IIMB saw 78 companies making 328 offers to 190 students, 53 of which offers based in locations outside India. Apart from traditional foreign locations such as New York, London, Hong Kong and Tokyo, banks made offers of jobs based in Egypt, Turkey, Bahrain and Shanghai. The highest Indian salary was Rs 16 lakh per annum and the median salary about Rs 8.75 lakh last year.

(This article was published in the Business Line print edition dated October 1, 2005)
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