Rolling in the Dough...Indian Style

Non-IIM grads too fetch record salaries - The Economic Times: "'After a lull in 2009 and 2010, placements this year have seen a complete rebound to the pre-recession days,' says IMT Ghaziabad head (corporate relation) Prakash Pathak . 'In fact, they are even better.' IMT was visited, for the first time, by recruiters like Goldman Sachs and P&G. Average salaries, too, have shot up by around 12%, to 9.3 lakh.

At Mumbai's JBIMS, there has been a substantial rise in the number of global consulting firms visiting this year, with McKinsey, Citibank, and Nomura being the major recruiters. HUL, ITC and P&G also visited the campus.

At XLRI Jamshedpur, Swiss pharma biggie Novartis topped its last year's highest package of $1,10,000 to $1,20,000 this year, for the role of HR leadership development at its global headquarters. Around 15 new recruiters thronged XLRI this year, with average salaries shooting up to 15.8 lakh this year. XIMB saw almost 30 new recruiters coming in this year.

'The economy is booming, and that translates into more offers and higher salary offers,' says Diwakar Kaushik, secretary, external linkages, at XLRI. A total of 109 companies made 317 offers to the 240-strong batch at XLRI."