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Regular-article-logo Thursday, 29 May 2025

'MEDIAN' WAGES FOR CAMPUS JOBS 

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Staff Reporter Published 16.03.02, 12:00 AM
Calcutta, March 16 :    Calcutta, March 16:  The Indian Institute of Management Calcutta (IIMC) released the results of campus recruitment for the batch of 2002 on Saturday, a week after the institute's annual convocation in Joka. In a significant departure from its earlier practice, the institute didn't spell out the maximum, minimum and average salary figures this time. The note circulated by the IIMC placement cell claimed setting 'a new trend' by giving only 'sectoral median values' of salaries on offer. Explaining the rationale underlying the decision, it was mentioned that the 'overall average salaries tend to send confusing signals to two of our important constituencies - potential students at IIMC and potential recruits at IIMC'. Around 247 students graduated this year from the premier business school and despite the 'near-recessionary' economic conditions, the 'best firms and best jobs' came to the Joka campus with 88 companies shopping for business graduates. The list of recruiting companies this year included Lehman Brothers, Deutsche Bank, Barclays Capital, The Boston Consulting Group, PricewaterhouseCoopers, HCL Technologies, Glaxo SmithKline, Ernst & Young, British Gas and Dr Reddy's, among others. The 'median' annual salaries offered by Indian companies in consulting, finance, systems and marketing were Rs 10.6 lakh, Rs 6.4 lakh, Rs 5.3 lakh and Rs 6.1 lakh, respectively. This means, for example, half the students who got jobs in consulting would earn more than Rs 10.6 lakh. The median dollar salary at this year's placement was US $ 92,000. But from 70 in 2000 and 84 in 2001, the number of foreign offers have come down to just 20 this year. New A-I flights Air India has decided to commence operations on the Calcutta-Bangkok route from April 4 with twice-weekly services. The flights, operative on Mondays and Thursdays, will also stop over at Guwahati with a view to promote tourism in the Northeast. 'The decision to operate on the Calcutta-Bangkok route was taken in view of the rise in passenger traffic,' said S.N. Biswas, manager, eastern India, Air India.    
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