IIM-C sees 23% drop in domestic package

The Indian Institute of Management-Calcutta (IIM-C) has completed its placement process for this year in ten days. The impact of the global slowdown is seen on the placements too.

There is decline of 23 per cent in the average domestic salaries against the packages offered last year. Even the job offers this year have been down by around 10-20 per cent, according to media reports.

The international job market is also under the clutches of the global slowdown. This year IIM-C students have received 29 international offers against 39 last year. The highest domestic package offered was Rs 60 lakh annually while the average domestic salary was Rs 12.7 lakh annually.