With startups hiring rapidly from top colleges, IIM Calcutta witnesses 24.8% rise in top salary offer

The campus placement for IIM Calcutta's one year residential programme for executives has witnessed a rise of 24.8 per cent in the top salary offered to the students, as compared to the last year. The highest annual salary package has been offered at Rs 33.7 lakh per annum. The average salary for the eighth batch of Post Graduate Programme for Executives (PGPEX) also saw an upward graph climbing 21.6 per cent from the last year to Rs 22.69 lakh per annum.

In the batch of 50 students, a total of 54 offers were made to 44 candidates, out of which three joined their previous organisations while one opted out. A total of 55 companies, including Accenture, Amazon, Dell, Microsoft, Google, Ford Motors (IT), Snapdeal, Atos Consulting, Deloitte Touche, Oracle, CESC, Omni Active and Micromax, participated in the placement hiring process for mid management to senior management level jobs.

IT/consulting and IT products firms led hiring, with 12 and 10 offers each, followed by e-commerce companies that came up with eight offers. Other sectors that hired aggressively included Analytics, KPO, Power, BPO and real estate. The roles offered to students ranged from mid management to senior management level with designations like Assistant General Manager, Solution Architect Director, Senior Principal Consultant, DGM Finance among others.

"Corporates seem to increasingly value the rigorous and best in class education obtained after excellent track record of work experience", Chairperson, Career Development & Placement Office at IIM Prof Rajiv Kumar told PTI. "As the placement statistics show, industry seems to increasingly prize such talented and committed people. The senior roles that the students of graduating batch have bagged convey the confidence industry has posed in the ability of PGPEX students of IIM Calcutta to contribute toward organizational growth," Kumar added.

PGPEX with dual accreditation of AACSB and AMBA, has an international dimension in the form of a two weeks immersion in Europe/US to understand international economies, network and visit to notable companies, he said. AACSB (Association to Advance Collegiate Schools of Business) based in Tampa, Florida, with an Asia office in Singapore and AMBA (Association of MBAs) based in London are the influential business school accreditation associations.

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