Jobs flood B-schools, but money's not hot

Jobs went abegging and disgruntled companies were turned away from B-schools. Not only did schools see many more companies waiting to recruiters also made more offers that in the past. Unsurprisingly, as many as 30 to 40 companies had to return empty-handed. For schools with smaller batch sizes, the placement season was over in hours rather than days.

Salary figures, however, did not see the same upswing. growth in average domestic salaries ranged from 2.3% in IIM Lucknow to 14.8% at IIM Bangalore. The highest domestic salaries across campuses stayed much the same, while international salaries saw small increases. "In this recovery phase companies haven't declared internal pay hikes and unless this happens firms can't bring in people from campus at higher levels," says Prateek Roongta, senior business analyst at AT Kearney.

Money didn't move the market, but jobs certainly did." Till now, it was IT that was making the big offers, but this year banking, financial services and consulting were also back big time," says Ankush Wadehra, placement representative, IIM Calcutta.