Placement season at the Indian Institute of Management, Calcutta (IIM-C) has well and truly begun with students being offered pay packages as hefty as Rs.1.6 crore within just two days of its commencement.
A student from the IIM-C has bagged a record-breaking package from a global investment bank in South East Asia of $350,000 (Rs.1.6 crore) making the institute a hot destination for the recruiters with exceptional pay packets this year.
Two more students have been offered the bulky packets of over Rs.1 crore each.
Beating the rest of the IIMs with 91 slot zero offers (when the largest firms give out their best salaries) it was the highest among all, considering just two days of its commencement, said sources.
The newly introduced cohort system based placements has lead to the IIM-Bangalore standing at the second position after Calcutta with 64 slot zero offers followed by IIM-Ahmedabad with 50. These figures exclude the pre-placement offers.
These three students are to be placed in London and Hong Kong investment banks as associates.
There were initial rumors that the highest pay packet of Rs.1.44 crore has been bagged by a student from IIM-A while that of IIM-B's was Rs.1.14 crore this year which later was confirmed and the crown was given to IIM-C.
Talking about the domestic package, an IIM-C student has received more than Rs.60 lakh annually for an investment bank's Mumbai branch, which is the highest ever.
Revealing the identity of students was clearly refused by the officials nor was the exact figures disclosed.
The top honchos including the global investment banks and financial big wigs landed in the IIM-C campus on Saturday, which was the first day of the placement season.
The Swiss investment bank - UBS, hired exclusively from IIM-C while the largest number of students as compared to the other B-schools of the country were drawn from C. Temasek Holdings, the investment arm of the Singapore government.
Another one in the list was Oliver Wyman, a US based consulting firm, which hired its students for its offices in London, New York, Singapore and Dubai.
A student from the IIM-C has bagged a record-breaking package from a global investment bank in South East Asia of $350,000 (Rs.1.6 crore) making the institute a hot destination for the recruiters with exceptional pay packets this year.
Two more students have been offered the bulky packets of over Rs.1 crore each.
Beating the rest of the IIMs with 91 slot zero offers (when the largest firms give out their best salaries) it was the highest among all, considering just two days of its commencement, said sources.
The newly introduced cohort system based placements has lead to the IIM-Bangalore standing at the second position after Calcutta with 64 slot zero offers followed by IIM-Ahmedabad with 50. These figures exclude the pre-placement offers.
These three students are to be placed in London and Hong Kong investment banks as associates.
There were initial rumors that the highest pay packet of Rs.1.44 crore has been bagged by a student from IIM-A while that of IIM-B's was Rs.1.14 crore this year which later was confirmed and the crown was given to IIM-C.
Talking about the domestic package, an IIM-C student has received more than Rs.60 lakh annually for an investment bank's Mumbai branch, which is the highest ever.
Revealing the identity of students was clearly refused by the officials nor was the exact figures disclosed.
The top honchos including the global investment banks and financial big wigs landed in the IIM-C campus on Saturday, which was the first day of the placement season.
The Swiss investment bank - UBS, hired exclusively from IIM-C while the largest number of students as compared to the other B-schools of the country were drawn from C. Temasek Holdings, the investment arm of the Singapore government.
Another one in the list was Oliver Wyman, a US based consulting firm, which hired its students for its offices in London, New York, Singapore and Dubai.
