Students from top management schools receive crore-plus offers
Students from top management schools receive crore-plusoffers
MUMBAI/NEW DELHI: Crore-plus salaries have kept their date with B-school campuses, allaying apprehensions that a worsening global economy will keep multinational recruiters away this academic year. So far, two Indian Institutes of Management (IIMs) and Hyderabad-based Indian School of Business (ISB) have received at least five offers of over Rs 1 crore, raising confidence levels, two people associated with foreign recruitment said.
The number of crore-plus offers is expected to remain the same this year because the IIMs have seen a healthy rush of companies queuing up for summer internships. "Recruiters will not stop hiring nor will they cut salaries and take a hit on their brand image. We expect an 8-10% increase in salary for roles in India," says T Muralidharan, IIM-A alumnus and chairman of TMI Group, an HR firm.
The top recruiters will maintain their salary packages for foreign locations. "Global economies are passing through a tough phase and companies do not offer increments abroad, but they will continue to lure candidates with an attractive starting salary," he added.
MUMBAI/NEW DELHI: Crore-plus salaries have kept their date with B-school campuses, allaying apprehensions that a worsening global economy will keep multinational recruiters away this academic year. So far, two Indian Institutes of Management (IIMs) and Hyderabad-based Indian School of Business (ISB) have received at least five offers of over Rs 1 crore, raising confidence levels, two people associated with foreign recruitment said.The number of crore-plus offers is expected to remain the same this year because the IIMs have seen a healthy rush of companies queuing up for summer internships. "Recruiters will not stop hiring nor will they cut salaries and take a hit on their brand image. We expect an 8-10% increase in salary for roles in India," says T Muralidharan, IIM-A alumnus and chairman of TMI Group, an HR firm.
The top recruiters will maintain their salary packages for foreign locations. "Global economies are passing through a tough phase and companies do not offer increments abroad, but they will continue to lure candidates with an attractive starting salary," he added.
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