Banks recruiting more smart people to create more complex products that could end up causing more traumatic disasters.
Deutsche Bank top recruiter at IIM-A with Rs 1.5-crore offer
AHMEDABAD: Deutsche Bank is the top paymaster at this year’s campus recruitment at the Indian Institute of Management, Ahmedabad, keeping a record it set in 2010.
The investment banking unit will pay the equivalent of Rs 1.3-1.5 crore ($285,000-330,000) as annual salary to a student it is hiring for its London office , campus sources said. The sum includes an annual bonus as well a variable that will depend on the individual’s performance and market conditions.
Last year, Deutsche Bank was reputed to have topped the pay charts with a package of Rs 1.44 crore, but this was hotly contested by IIM-A, which described the media reports as incorrect and exaggerated.
Other foreign banks and financial firms such as Morgan Stanley , UBS and Nomura are said to be paying Rs 1-1.3 crore, with pay packages at overseas locations easily topping Rs 1 crore.
The investment banking unit will pay the equivalent of Rs 1.3-1.5 crore ($285,000-330,000) as annual salary to a student it is hiring for its London office , campus sources said. The sum includes an annual bonus as well a variable that will depend on the individual’s performance and market conditions.
Last year, Deutsche Bank was reputed to have topped the pay charts with a package of Rs 1.44 crore, but this was hotly contested by IIM-A, which described the media reports as incorrect and exaggerated.
Other foreign banks and financial firms such as Morgan Stanley , UBS and Nomura are said to be paying Rs 1-1.3 crore, with pay packages at overseas locations easily topping Rs 1 crore.
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