BREAKING NEWS

Advertisement

CMCM

Updated on: Thursday, May 30, 2019, 08:12 AM IST

Indore: IIM Indore avg salary hits DeMo hurdle

Advertisement

The B-School witnesses merely 3.5% increase in median salary over last year 

Indore: Though Indian Institute of Management Indore witnessed 100 per cent placements largely beating demonetisation’s impact on the market, the note ban still made its jolt felt on the campus placements.

A closer look at past some years’ placement reports revealed that the average salary of this B-School dropped significantly from two digits to one digit this year due to demonetisation.

Advertisement

This year, there is just a marginal hike in average salary, to put in figure merely 3.5 per cent hike.

Last year, the average salary was Rs 15.67 lakh per annum (LPA) and this year Rs 16.23 LPA.

This B-School had witnessed an impressive 14.5 percent hike in average salary in 2015 which shot down to 12.5 % in 2016 and 3.5% in 2017.

Advertisement

This drastic decline was attributed to challenging situations occurred post-demonetisation.

“The average salary would not have climbed down to single digit, if the Central government would not have banned Rs 500 and Rs 1000 currency notes,” a professor at IIM Indore said wishing anonymity.

He, however, stated that the IIM Indore still managed to ensure that all of its students who had participated in campus placements get employment offers.

Advertisement

He also pointed out that highest domestic and international packages increased significantly this year. The higher domestic and international packages this year stood at Rs 37 LPA and Rs 39 LPA respectively against last year’s Rs 32 LPA and Rs 30 LPA respectively.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Wednesday, March 22, 2017, 10:39 AM IST
Advertisement