The average annual salary of the 2012–14 postgraduate programme (PGP) class of Indian Institute Of Management, Bangalore (IIMB), went up by over Rs. 2 lakh compared to the previous batch in the final placements.

At a press conference here on Monday, IIMB officials announced that apart from 100 per cent placements, the average salary of the batch was Rs. 19.5 lakh per annum including international offers, compared to last year’s Rs. 17.2 lakh per annum. The domestic average salary was Rs. 17.4 lakh per annum. For candidates with no work experience, the average salary was Rs. 17.4 lakh.

Sankarshan Basu, chairperson, Career Development Services, IIMB, said as many as 386 students participated in the placement process which was completed within a record time of four days on Friday.

Over 150 companies took part in the process and 428 offers were made across 200 work profiles. Two students opted out of the process — one for pursuing research in management, and the other for pursuing opportunities with his previous employer.

While not mentioning the highest pay package offered, he said the highest package for the 41 international job offers was “in excess of $ 100,000.”

Sector-wise, the highest number of offers was in consulting (27 per cent), followed by banking and financial services (19 per cent), technology (17 per cent) and general management (14 per cent).

The social sector, which Prof. Basu admitted was not a popular choice, also had nine students opting for it. When asked if no political parties participated in the placement process, Prof. Basu said it was a policy not to allow religious and political recruitments.