IIM-A student offered $233,000 salary

The race to acquire the best students from Indian Institute of Management, Ahmedabad's (IIM-A) first batch of the Post Graduate Programme for Executives (PGPX) is leading recruiters to offer attractive packages along with top management designations that are on a par with Ivy League schools.

The highest package received so far has been $233,000 by an Indian company which has offered the profile of a global expansion head.

With the recruitment process set to end by March 31, 18-20 students have already bagged their first offer and most of them are in the process of finalising their second.

As a norm, participants for the programme can have two offers and later zero down to the favourable one.

The average domestic salary offered so far has been Rs 19 lakh while the average international salary has been to the tune of $120,000 and around $20,000 more as bonuses and other perks. Even the roles offered have been quite diverse.

"Since each participant has domestic and international experience of at least nine years, companies are eager to offer them top positions in the management like global operations head, MNA operations and thought leadership roles," said Mayank Srivastava, Student Placement co-ordinator, PGPX.

The recruiters so far include Thermax, RPG, Microsoft, ING Vysya, Arcelor Mittal and others who have made offers and are in the process of finalising them.

As Srivastava puts it, it's not just the traditional Investment banks who have shown a keen interest in recruiting students. Most of them come with no fixed position in mind.

"Recruiters hold discussions with the student, find out his/her interests and offer packages based on that," added Srivastava.

Even as students mull over offers to choose from, a small number of them are contemplating to go the start-up way, much like their counterparts in the PGP batch who have shown a keen interest in start their own ventures.