FMS batch starts off with Rs 12 lakhs

New Delhi, Mar 6 (UNI) When the batch of 2007 had signed up for its MBA two years ago at the Faculty of Management Studies (FMS) of the Delhi University, what they had been promised was a magical salary of Rs 8-9 lakh per annum and a list of top recruiters in the world.

As it signs off, this class has seen its average salary go up one and a half times to touch Rs 12.04 lakhs per annum with an even bigger and better list of recruiters.

Around 70 per cent of the present batch bettered last year's average salary and 40 per cent were offered international stints at their companies of choice within the first twelve months of joining.

For the pioneering MBA-MS (Management of Services batch), the haul was equally rich with both domestic and foreign jobs on offer.

The average domestic salary of the batch was an impressive Rs 10.55 lakhs per annum, up nearly 40 per cent from last year's levels.

The FMS of the Delhi University may not exactly be in the league of the IIMs having an awesome reputation, but it does compete with them favourably in terms of placement and fat salaries.

''The Final Placements 2007 at FMS, Delhi saw a rise of the average salary by 35 per cent from that of last year,'' said Dr Madhu Vij, Placement Advisor for the FMS MBA programme.

Dr Vij said though FMS had enjoyed a great relationship with most of India's favoured recruiters, the flavour of placements this season was that almost all students signed out with a job from a recruiter of preference.

With the economy booming, exciting profiles were offered across domains by several companies.

''Banking and financial service was the largest recruiter this year with the highest paying job also coming from the financial sector,'' she pointed out.

The average domestic salary for accepted offers was Rs 12.04 lakh per annum as opposed to last year's Rs 8.89 lakh, showing an increase of nearly 30 per cent.

Interestingly, women managers earned more with an annual salary of Rs 12.58 lakh while their male counterparts had to contend with an average salary of Rs 11.83 lakh per year.

The highest domestic salary was offered by the Paris-based Calyon Bank with Rs 16 lakh being offered to a student. This was followed by old-time recruiter Citigroup, which made an offer of Rs 15.5 lakh in an assistant vice president's role.

The highest foreign offer made was Arab Emirates Dollar (AED) 220,000.

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