IIMs get their reality check: those six-figure Wall Street salaries will have to wait
Over the weekend, as Lehman Brothers went bust, Merrill Lynch was sold and the world of global high finance shook, hearts broke on Kolkata’s IIM campus. For two students of IIM-C’s Class of 2009 who had accepted pre-placement offers only a couple of weeks ago, the immediate future was suddenly a void.
“We interned at Lehman’s London office only this summer. Work was as usual, no one had any idea that trade was declining,” one of them told The Indian Express.
The student could have been speaking for hundreds of fresh graduates at Indian Institutes of Management from Kolkata to Ahmedabad, Lucknow to Bangalore. Firms like Merrill and Lehman have been among the biggest recruiters on campus, and the investment banking and financial services sector has been setting the aspirational benchmark with offers of salaries that have ranged from $120,000 to $360,000 annually.
To read the full article, click here..
To read the ePaper, visit: http://epaper.indianexpress.com
“We interned at Lehman’s London office only this summer. Work was as usual, no one had any idea that trade was declining,” one of them told The Indian Express.
The student could have been speaking for hundreds of fresh graduates at Indian Institutes of Management from Kolkata to Ahmedabad, Lucknow to Bangalore. Firms like Merrill and Lehman have been among the biggest recruiters on campus, and the investment banking and financial services sector has been setting the aspirational benchmark with offers of salaries that have ranged from $120,000 to $360,000 annually.
To read the full article, click here..
To read the ePaper, visit: http://epaper.indianexpress.com
Labels: Ahmedabad, finance shook, Firms, freshers, graduates, IIM campus, IIMs, investment banking, Kolkata, Lehman Brothers, Merrill Lynch, pre-placements offers, recruiters, salaries, Wall Street
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10:31 AM
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