IIM-A's average lateral offer touches Rs 18.3 lakh

Total of 103 lateral offers being made to those with an experience of more than 18 months

It's celebration time for experienced students at the Indian Institute of Management-Ahmedabad (IIM-A), with a total of 103 lateral offers being made to those with work experience of more than 18 months.

The average salary for the laterals process has seen an increase from Rs 16.2 lakh last year to Rs 18.3 lakh this year.

The number of students eligible for lateral placements has seen a jump from 89 last year to 112 this year.

A total of 37 companies participated, including firms from various sectors such as consulting, private equity, real estate, finance, information technology, general management and marketing.

Some of the leading recruiting firms were Booz Allen, Monitor Group, Google and Amazon. Private equity, niche consulting, technology and logistics made a debut this year.

Consulting major Monitor Group and private equity player Greater Pacific Capital were some of the big names which recruited exclusively from IIM-A.

The Aditya Birla Group, Trilogy and HCL significantly increased the salaries offered to students.

ArcelorMittal, which has generated considerable buzz in the campus, is learnt to have made several offers for East European countries, including Poland and the Czech Republic.

"Firms have targeted students for specific roles in middle and upper management positions with significant responsibility," said Rohan Mathur, secretary for the student placement committee at IIM-A.

Final placement week at the institute starts from March 6.