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IIM grads now have option of realty placements
Published on Tue, Mar 04, 2008 at 21:30 in India section
Tags: IIM, Realty Firms , Mumbai
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Mumbai: Lateral offers for IIM graduates are coming to a close, as institutes are now geared for final placements.
Lateral offers are only for students with prior work experience of 10 months or more.
This year, IIM graduates had more to choose from than the traditional consulting and banking offers. Real estate companies such as Unitech, Rahejas, DLF and the Lodha Group participated in IIMs' lateral placements for the first time.
Twenty positions were on offer at IIM Calcutta and pay scales are also on the rise.
IIM Ahmedabad has recorded an average salary of Rs 18 lakhs per annum so far. The highest salary at IIM Calcutta is Rs 22 lakh year. Of course, this amount will go up with the investment banks still to come on campus next week.
With new sectors opening up, it is not surprising that even retail and real estate companies are now coming on campus to hire. Both students and recruiters now have a more diverse pool of offers to choose from. That is because while typically IIM students came with work experience in the IT sector, that reality is also fast changing.
In the current IIM Ahmedabad batch, 38 per cent of students have work experience in the IT sector whereas 25 per cent comes from other backgrounds. That is a sharp increase from 10 per cent, as it was just three years ago.
The number of companies coming for lateral placements is fast increasing, too. IIM-Calcutta has seen a 48 per cent jump in offers and though IIM-Bangalore has always had more fresh graduates than other IIMs, this year, the institute has been offered 75 lateral positions.
Clearly, IIMs are selecting more students with work experience more than ever before.
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