3 IIM-A Student received Rs.1 Crore Pre Placement Offers from leading global financial
New fears of economic slowdown have not stopped the biggies
from wooing bright ones with exciting offers. Three students from Indian
Institute of Management - Ahmedabad have reportedly received Rs. 1 crore-plus pre-placement
offers (PPO) from some of the leading global financial institutions.
According to a Times of India report, Deutsche Bank has made this offer to two of
IIM-A students for its Singapore and London offices while another student received
a similar offer from another financial giant Barclays. It's reported that this offer
is one of the highest PPO offers ever made on the campus. PPOs are often made by
companies to students depending on their performance during the summer placement.
The article also quotes some undisclosed sources from the institute's placement
committee who claimed that more than 50 students out of 380 in the current second-year
post-graduate programme have received PPOs. Most of the offers came from the financial
sector, notably from retail and investment banking companies such as Goldman Sachs,
Morgan Stanley, and Nomura.
However, IIM - Ahmedabad's official blog has published a clarification regarding
the news which reads, "We would like to clarify in interest of the entire community
that this information is unsubstantiated. Neither the Placement Committee nor the
students have released any specific details to the media regarding the PPO offers
and salary details. We felt compelled to communicate this clarification because
as a matter of policy we do not publish individual specific compensation details.
These are confidential information and should be respected as such. The number of
PPOs received by students is also data which we only share once final placements
are over. Further, the Placement Committee has not received any compensation details
for the mentioned PPOs from the firm(s)."
Though the truth about this offer is yet to be clarified, the news of such big PPOs
is refreshing amidst fears of another global meltdown.