Crorepati saga at IIM-C, 5 get offers over Rs 1 cr

The placement season is four months away and five students from IIM Calcutta are already prospective crorepatis. They have offers from leading investment banks for the position of an associate.

An IIM graduate is typically hired as a senior analyst on a Rs 70 lakh to Rs 80 lakh package, but an associate carries a salary of more than Rs 1 crore per annum.

Last year, four students took home this offer after the placement season, but this year during the pre-placement season, five students bagged such an offer.

Now, even consulting firms are flocking to IIM Calcutta. Besides offers from the McKinsey and Boston Consulting groups, IIM Calcutta has 10 pre-placement offers from slot-zero consulting firms. Last year, however, it bagged only one offer.

This summer eight students from IIM Calcutta interned at Morgan Stanley and the company has, for the first time, made seven pre-placement offers.

The institute has also bagged UBS group's first pre-placement offer, made to an Indian B-school.

Overseas offers have also risen significantly. Last year the institute got 50 overseas pre-placement offers. This year, 37 overseas offers have come in and the pre-placement season still has two months left.

IIM Calcutta is now confident it will break last year's placement record.


[Taken from ibn]

CAT & GRE words

antiquated obsolete; old-fashioned; outdated

coalesce combine; fuse; N. coalescence

environ enclose; surround;

grisly ghastly; horrifying;

junket trip especially one taken for pleasure by an official at public expense

A new home PC that costs just Rs 5,000

The $100 computer has finally arrived. For a mere Rs 5,000, the urban employee with a shallow pocket can make his dream of a home PC come true.

The home PC is a product of Novatium, a Chennai-based startup in collaboration with MTNL. The 'Nova' is a Net PC.

"The Internet Nova PC is not very different from a TV. Just switch it on and do whatever task you want to do after you connect to it. Then switch it off," says CEO Novatium Solutions, Alok Singh.

A Net PC is a computer which has a central processing device connected through a server. This means, all functions are handled and data stored in a central location, while the computer helps to connect you to it.

Truly convenient, but the question is, what of the security and privacy of the data?

"While the firewalls have been taken care of, the more important thing is the security, especially since there are so many files. No one is given your password, except a few members of the service providers, who do not access the information," says MTNL Executive Director, A K Sinha.

But here's the downside. With just 300 MB in the initial package, it calls for spartan usage of space. And there's no CD or DVD drive. Also the dependence on the connectivity of the service is not a comfortable feeling.

However, there is cause for excitement, because the Nova Internet PC is the harbinger of times, when technology will be affordable by all.