Why is it necessary to publish the offers made to passouts from premier institutions ? They do not require any more publicity and media should refrain from publishing these kind of data.

Just imagine what will happen in the recession times when no compansy would turn up to hire in view of the slowing down of the economy. Surely the compensation levels will be low. This is not in the welfare of the aspirants as well as the students of these institutions.

Read the full article courtesy ET


Raghav
Founder HRinIndia
Indias Biggest HR Network
http://www.hrinindia.in
9880080321

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For many years, the IIMs have been the favourite hunting ground for big companies as well as an ideal springboard for aspiring managers to get into blue-chips firms. But all that appears to be changing now.

This year on campus, smaller firms - many barely five-years old are slugging it out with the biggies in the hunt for talent. Sample this: Anand Rathi Securities, Angel Broking and Agile Asset Management among others are fighting it out with big companies this year to pick up experienced as well as fresh graduates from IIM-A’s PGPM and PGP Agri batches.

ET has learnt that each company has picked up at least one candidate and has offered a salary package of Rs 20-30 lakh per annum. What’s more significant is that these candidates have been offered key positions. Recruits in blue-chips don’t usually get to work in top-level positions at least for the first couple of years.

Anand Rathi has offered nearly Rs 25 lakh per annum to a candidate besides giving stock options and bonuses. Angel securities and Agile offered Rs 20 lakh and Rs 22 lakh per annum apart from ESOPs and bonus. A source close to the development said: “The craze among the candidates is to lead from the front in this challenging world of markets.”

And it isn’t that only brokerages and asset management firms have joined the fray. Ahmedabad-based microfinance firm SEWA has offered the post of CEO for its agriculture division to a student of IIM’s PGP agri-management course.
“The students understand the need of the global market and accordingly they make their right decisions. Like last year, a few upcoming companies have made their offers to the right candidates,” IIM-A placement committee chairman Professor Piyush Sinha said.

On the final day of placements, 260 candidates were offered jobs by more than 120 companies from across the globe. Apart from the regular IT biggies, investment banks and FMCG groups, there were participants from engineering, venture capital and agricultural sectors. Besides Microsoft, Dabur, Cadbury, HCL, ICICI Bank, NIIT, Citigroup and Morgan Stanley, there were a few first timers such as Google, Amazon, Suminter, Nexus (venture capital fund), Cummins India and beer major SAB Miller.

However, sources said the highest global pay package has crossed Rs 1.2 crore per annum mark while the domestic pay package hovers around Rs 25 lakh per annum. And shunning the hefty pay packages, a few candidates have opted not to participate in the placement process and decided to start their own business ventures.