IIM-B graduate gets $193000 p.a. pay packet

BANGALORE: British investment bank Barclays Capital on Saturday offered yearly pay packet of $193000 to Gaurav Agarwal, a graduate from Indian Institute of Management-Bangalore (IIM-B) at a campus placement here. Agarwal will be posted at the bank's global financial risk management desk in London.

The offer is said to be the highest among the B schools during the current academic year (2005-06). Few days back Barclays had made $185000 per annum offer to an IIM-Ahmedabad graduate.

An electrical engineering graduate from IIT Kanpur, Agarwal had a stint at a Silicon Valley chip design firm in the Silicon Valley before joining IIM-B. Prior to the offer, he did an internship with Barclays last summer.

The second best offer of Rs.3 million was from consulting firm to Venkatesh Shankararaman for a posting in Mumbai. Before joining IIM-B, Shankararaman had graduated from Ohio State University and IIT-Chennai.

Of the 182 IIM-B graduates who participated in the placement season, 65 bagged jobs from 21 companies, including Goldman Sachs, Lehman Brothers, Merrill Lynch, HSBC and others.

Placements will continue on IIM-B on Sunday and some of the large Indian companies are expected to

make job offers for the remaining graduates.