IIM fresher bags Rs 1-crore salary job

February 13, 2024 12:24

An e-commerce company has offered an annual salary of Rs 1 crore to a student of the Indian Institute of Management (IIM) Indore, an official said Tuesday.

This is the highest annual package offered during the final placement round of this session at IIM-I, the official said.

"One of our students has bagged the highest salary package of Rs 1 crore during the final placement period of this session. This student has been offered a job in the sales and marketing department by a company in the e-commerce industry. The offer is for domestic placement," the official said.

Against the backdrop of "a cooling job market", the season culminated with more than 150 recruiters extending offers to 594 students of the two-year Post Graduate Programme (PGP) and five-year Integrated Programme in Management (IPM), the official said, adding that this reflects the industry's unwavering trust in the institute and its students.

The statistics for this year consisted of the average CTC (cost to company) at Rs 25.68 lakh per annum. While the median CTC stood at Rs 24.50 LPA, the highest compensation offered on campus stood at Rs 1 crore per annum

« Back to LIVE

TOP STORIES

14 gold medals up for grabs on Day 1 of Paris Games

No fewer than 14 will be up for grabs as day one promises action across multiple sports: four golds in swimming, two each in cycling, fencing, and judo, and one each in diving, skateboarding, shooting, and rugby sevens.

French gold medallists Perec and Riner light Olympic cauldron

They were each handed a torch in the Jardin des Tuileries after several top sporting names, including French soccer great Zinedine Zidane, Spain's 14-times French Open tennis champion Rafael Nadal, American 23-times Grand Slam winner...

In Pictures - France Wows With Spectacular Olympics Opening

France showcased its cultural diversity, spirit of revolution, impeccable craftsmanship, and architectural heritage in a riveting opening ceremony for the 33rd Olympic Games.

Paris Opening: Of Lady Gaga, cabaret and a mystery torchbearer

Lady Gaga brings cabaret to Paris opening ceremony on the Seine

In Pictures - Flag bearers Sindhu, Kamal lead India in floating parade

For the first time in Olympic history, the Opening Ceremony is being held on the banks of the river Seine. More than 6,500 athletes in around 90 boats will sail past the iconic monuments of Paris.