Rediff News
All News
News APP

NewsApp (Free)

Read news as it happens
Download NewsApp  » Business » HSBC offers $152,000 to IIM-A grad

HSBC offers $152,000 to IIM-A grad

By Meghdoot Sharon in Ahmedabad
March 17, 2005 12:02 IST
Get Rediff News in your Inbox:

Three months from now, Ravi Singhvi will fly to London. This 26-year old from Jodhpur, who did his schooling and college in Delhi, has just landed a job with HSBC Investment Banking, London, with a record pay package of $152,000 at Day Zero of the summer placements of Indian Institute of Management, Ahmedabad.

"This is what I wanted to do, and I am obviously very happy. However, I am not so sure whether my mother wants me to go to London," said Ravi Singhvi.

Also read:
IIM-A grad bags Rs 50-lakh salary!
Its' party time at IIM-A
IIM-C student bags $100,000 job
IIMs: Triumphs & Tribulations

Singhvi was laterally inducted by HSBC Investment Banking, London, and a formal offer was made at Day Zero of IIM-A's summer placements.

Equally happy and delighted are Yugandhar Karna from Hyderabad and Gourav Varma from Dhanbad. While Karna has got a job as analyst in the fixed income division at Goldman Sachs in London, Varma will join Lehman Brothers at New York to be placed as a senior analyst.

"Three students of IIM-A went to HSBC last year and it has happened this year too. Everybody in my family are really happy and delighted with the offer," said Singhvi, who will join HSBC's Investment Banking division in June.

Hailing from Jodhpur, Ravi Singhvi spent his schooling and college days at Blue Bells School and Shri Ram College of Commerce at New Delhi. He is also a qualified chartered accountant. He had worked with Arthur Anderson and Citibank.

Ravi had completed his summer project with Goldman Sachs at New York. "It is indeed a great year for graduating. The south Asian economies are growing fast and IIM-A now attracts the best recruiters in the world," he said.

Yugandhar Karna from Hyderabad is a computer science graduate from IIT Guwahati. "I got the Goldman Sachs offer through the summers. It has been a fairytale for me, but yes, I have put in a lot of effort," said Karna.

Gourav Varma finished schooling from Dhanbad, and did his engineering from IIT-Kanpur before working for a year at eValue Serve at Gurgaon.

"I did my summers with Citibank and that proved to be great experience," said Varma, who has landed a job at Lehman Brothers and will be based at New York.
Get Rediff News in your Inbox:
Meghdoot Sharon in Ahmedabad
Source: source

Moneywiz Live!