An e-commerce company has offered an annual salary of ₹1 crore to a student of the Indian Institute of Management (IIM) Indore, an official said Tuesday. This is the highest annual package offered during the final placement round of this session at IIM-I, the official said.
"One of our students has bagged the highest salary package of ₹1 crore during the final placement period of this session. This student has been offered a job in the sales and marketing department by a company in the e-commerce industry. The offer is for domestic placement," the official said.
Against the backdrop of "a cooling job market", the season culminated with more than 150 recruiters extending offers to 594 students of the two-year Post Graduate Programme (PGP) and five-year Integrated Programme in Management (IPM), the official said, adding that this reflects the industry's unwavering trust in the institute and its students.
The statistics for this year consisted of the average CTC (cost to company) at ₹25.68 lakh per annum. While the median CTC stood at ₹24.50 LPA, the highest compensation offered on campus stood at ₹1 crore per annum. IIM-I Director Himanshu Rai said, "We strongly believe that integrating academia and industry is crucial for students' welfare and have made consistent efforts to bridge the gap. Our students' ability to secure fulfilling career opportunities, despite ongoing economic uncertainties, underscores the efficacy of our philosophy." This year more than 50 new recruiters have joined hands with IIM Indore, he added.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Odisha's new CM — who is Mohan Charan Majhi and what prompted the BJP to choose him
Jun 13, 2024 2:54 PM
Election 2024: 504 out of 543 newly-elected MPs are ‘crorepatis’ – Check 10 richest members in 18th Lok Sabha
Jun 12, 2024 9:55 PM
BJP to start nationwide organisational rejig, new party president to be elected soon
Jun 12, 2024 9:31 AM
New Lok Sabha Speaker to be elected in special 8-day session: Report
Jun 11, 2024 6:28 PM