 Bangalore : At IIMs, it's India calling now. A significant number of students at the Indian Institutes of Management have opted for domestic offers over international ones. Better career prospects in India, because of the booming economy, are the main reason.
With the global economy rebounding, students across IIMs this year got good international offers, unlike last year, from firms in Europe, Singapore, Hong Kong, the US, and Australia. Also, the international pay package offered at IIMs was on a par with market rates. For instance, in IIM-Bangalore alone, 15 students accepted international offers from companies like Nomura, Temasek, Proctor & Gamble, Enzen, Arvin Meritor and UAE Exchange. Interestingly, an equal number turned down global placements.
"We don't have data on the number of students opting out of international ones. But this time maybe 15 students accepted domestic offers over international ones," Sapna Agarwal, head of career development service, IIM-B told reporters. An IIM-B student, who didn't want to be named, was offered a consulting role in the UK. Instead, he opted for a domestic offer from a general management company which is yet to declare his position. "India is a more happening place than anywhere else. There is more growth and opportunities here. Hence, I decided to take the offer here," he said.
This 20-something engineer grad from Chennai believes it's important to accept the offer based on growth prospects than on locations. "The future is India. One always gets to travel abroad and work there. The learning there can be implemented here," he added.
Others went local because the domestic profile offered to them matched their area of interest. Take Aditya Mittal, an IIM-B student. He preferred the domestic profile over an international one as he was interested in finance. An IIT-Bombay student, Aditya, has three years experience in consulting and finance sectors. "I was offered research positions with a leading I-bank where I would have been placed in NY, London, Hong Kong or Singapore. The pay package was in line with the market price," he said. Aditya still said 'No' to that because he was looking at a long-term career in India. "I didn't want to settle abroad," he added.
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