Thanks to all those of you who posted comments and the few who mailed me directly with your views/ experiences/ information on placement salaries.
I will compile the feedback and also various facts I have dug up shortly. But meanwhile I'd like to speak to some graduates from lesser known bschools who are offered CTCs which include a lot of variable (ie commission on sales) kind of pay. One of the companies whose names keeps coming up in this context is Indiabulls.
I'd also like anyone at all who is willing to speak on this MBA salary circus ON THE RECORD to drop me a line. Because there is no story without a name and face to it.
Am not asking you to 'rat' on your institute but discuss the general scenario and/ or your specific experience on camera. In order to educate and enlighten the MBA wannabe and their parents. Hai koi mai ka laal?
As always, drop me a line at rashmi_b@yahoo.com
Showing posts with label CTC. Show all posts
Showing posts with label CTC. Show all posts
Tuesday, April 22, 2008
Thursday, April 17, 2008
CTC fundas
I'd written a piece titled Bschool salaries: A reality check two years ago. Am looking to update it now and want to hear from you guys out there who've just passed out of bschool: is the spurt in salaries for real?
IIM A has put out an average domestic salary figure of Rs 17.85 lakhs p.a. this year. That's 40% more than the year 2007 (Rs 13.6 lakhs). And the 2007 figure was 40% more than the previous year 2006! (Rs 9.72 lakhs)
IIM A is only an indicative example, the same trend is seen all across bschools. Just a quick example: Shailesh J mehta SOM has declared an average salary of Rs 13.96lakhs p.a. in 2008 (44%jump over last year)
Is it really possible that bschool salaries are growing 40% y-o-y? I'm sure at least some of it is thanks to creative accounting?? What are the latest white lies placement committees are telling to stay ahead in the salary race?
Drop me a line at rashmi_b@yahoo.com if you'd like to share what you know. Especially the component of variable pay... If the 'average' is Rs 17.85 lakhs p.a. what I want to know is what's your monthly take home pay?
This info is especially relevant in light of the fee hike by IIMs! The idea is not to point fingers but give aspirants a sense of what lies ahead - minus the hype.
IIM A has put out an average domestic salary figure of Rs 17.85 lakhs p.a. this year. That's 40% more than the year 2007 (Rs 13.6 lakhs). And the 2007 figure was 40% more than the previous year 2006! (Rs 9.72 lakhs)
IIM A is only an indicative example, the same trend is seen all across bschools. Just a quick example: Shailesh J mehta SOM has declared an average salary of Rs 13.96lakhs p.a. in 2008 (44%jump over last year)
Is it really possible that bschool salaries are growing 40% y-o-y? I'm sure at least some of it is thanks to creative accounting?? What are the latest white lies placement committees are telling to stay ahead in the salary race?
Drop me a line at rashmi_b@yahoo.com if you'd like to share what you know. Especially the component of variable pay... If the 'average' is Rs 17.85 lakhs p.a. what I want to know is what's your monthly take home pay?
This info is especially relevant in light of the fee hike by IIMs! The idea is not to point fingers but give aspirants a sense of what lies ahead - minus the hype.
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