It’s not exactly raining money at B-school placements but some trickles are there !
So far, banks have made three Re. 1-crore salary offers. The Deutsche Bank has given two such offers at IIM-Ahmedabad while Morgan Stanley has offered Re. 1-crore to an IIM-Calcutta student. All these offers are on dollar-denominated salaries. Most banks are hiring more than they did last year and are offering pay packets 10-15% higher than previously.
The top five consulting firms are again at the IIMs to pick over 200 graduates this time. BCG will recruit 60-70 consultants while McKinsey will hire a slightly higher number. The salary offered ranges between Re. 18-20 lakh with an assured bonus of Re. 1-2 lakh.
But e-commerce firms, the big guys last year, are going slow this time except Google, a big exception in this space, which has stepped up hiring by nearly 40% this year.