Highest offer made in IIM-L at Rs. 75 Lakh

New Delhi: IIM-Lucknow, which started its placement process mid-last week, has already bagged 200 offers, with the highest offer of Rs. 75 lakh being made by commodity trading company Olam International for a Singapore position, reports Economic Times.

Ajit Joshi, a former consultant with Deloitte Touche Tohmatsu who went to IIM Lucknow, has recently landed a job offer of Rs. 50 lakh in equity research in Bank of Muscat's i-banking division. However, his is just one of the international offers that IIM-Lucknow's post-graduate programme students have bagged this placement season. "Things are brighter now. Our seniors had it tough last year," says Joshi.

Based on placement offers till date, the institute expects a 25-30 percent increase in the number of international offers this year. The institute, which had 100 offers for students with work experience, began its final process with 220 students and has received offers for a majority of them.

According to Economic Times, some of the new companies on campus this year include Mckinsey, Nomura, Deloitte Consulting, Calyon Bank, France, Siemens Infosystems and Suzlon. Last year, the highest international offer was from Barclays, which picked up a student for Rs. 1 crore. "Many i-banks have come back this year, besides several good consulting and IT firms. We will see the average salary go up this time," says Professor RL Raina, Chairman, placement, IIM-L.

On the other hand, IIM-Kozhikode, which began its final placement in the first week of February, has already placed a majority of its 250 students. IIM Calcutta and IIM Bangalore, which are yet to start their respective process, too talk of an improved job season this year.