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IIM grads' Barclays blast

In this dog-eat-dog world of competition for jobs, Indian Institute of Management (IIM) students are in a class of their own. They don’t hunt for work-the jobs just come to them.

Graduates clinching job offers with astronomical figures as salary has become sort of a custom in IIM campuses and this year too is no exception.

An IIM, Bangalore student landed himself a job with Barclays Capital in London at an annual package of 1,93,000 USD (about Rs 86.36 lakh).

Gaurav Agarwal, an IIT-K ( Kanpur) alumnus, graduating from IIM-B this year, received an offer to join as ‘associate’ with Barclays Capital in London at USD 1, 93,000 IIMB placement committee sources said.

Two of his peers in IIM, Ahmedabad have also secured offers for posts of ‘associate' from Barclays, Singapore, which comes with a package of 1, 85,000 USD each.

“The highest domestic offer of Rs 34 lakh per annum was given to a student by RPG Enterprises,” IIM-A Director Bakul Dholakia said on Monday.

Another student from the B-school’s Bangalore campus has accepted a Rs 30 lakh per annum job for an India-based assignment.

Agarwal, 29, described the offer as an ‘amazing opportunity’ and attributed it to ‘the economy, probably because the banks are focusing more on the emerging markets and are looking towards India to recruit at lateral positions’.

The IIM-B pass-out, who has had a two-year stint in the US after his MS In electrical engineering from University of California, will look into Barclays Global Financial Risk Management, operating from London.


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