India’s leading management portals analyzed this year’s placement trends and compared it to previous years’ reports of all IIMs to draw this conclusion. It has been examined from the placement reports that students are being offered lesser salary as compared to last year. Considering the current economic meltdown and shrinking job opportunities in the market, passing-out students are left with no other options than to accept job offers with low salaries. Not only in IIM but we can see the impact on other institutions where salary as well as moral of students is also down. The global economic slump which led to decrease in the average salary (30-40%) dips of students.Take IIM Ahmedabad for instance, this year’s average domestic salary has come down to Rs 12.17 lakhs from previous year’s Rs 18.75 lakhs. On the international placements side, the picture is even dull. Last year, there were several offers made in the range of US $280,000 to $360,000; while this year’s figure shows that the highest international offer was US $83,000.
Posted by Sunil Chaurasia
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