ISB student offered Rs 1 cr plus salary- Official Release

[ExpandingHorizon]

Originally Posted by RINKU

1 crore salary.......

hmmmmm.diffficult to digest...

would be better if ISB people could post the offer letter of that hallowed person
here...otherwise.....

What's really difficult to digest is the fact that the institute itself is playing up the "1 crore rupees" tag so prominently. Geez. The media gets bashed around a lot on PG for these over-sensalisations but when the official release from the insti itself seeks to glorify figures by converting them from dollars to rupees, why blame the media for it?

[vahgar]

Nice to see women being among the top four..whew at 27 itself!

[parashar_das]

The real competition will between IIM & ISB will be there only when first batch 1yr MBA programmes for executives of IIMs(at least IIMA) passes out.

[ankush_infy]

why do people just take into account the salary figures only?? see the kind of profiles being offered man....it is the kind of profile that matters the most....if u see the avg. salaries at top B schools in the world they will be only around $1-1.2 lakh . but the profiles being offered are really gr8. they really get the profile which they have dreamt of and enjoy doing which matters here. also with these kind of profiles and the interest u show in ur dream profile will make sure that u rise to the hierarchy really fast. so salaries will automatically increase at that stage.
so guys tehse are just the entry salaries but with these dream profiles these people rise so fast in their careers and their pay packages that one will really be astonished.
and the profiles being offered at ISB are really gr8 and comparable to good global B school. this is what matters in the end.
these type of profiles are not offered in many of the B schools in Indis. mark my words MANY !!

[destinationsunil]

My two cents..

Well.. first of all.. It is outrageous even to convert dollars to rupees.. Coz as the above article has already pointed that this sum is earned and spent in dollars and in a some costlier city than anywhr else in india whr the cost of living index is much-much higher..

Not to forget the perks and other things (Have heard that some include floor rent into the salary as well .. not really sure abt it..) for which you never get that amount..

Just to add.. before going ga-ga over the salary we shud also look at the profile of the concerned person.. he might hav >10 yrs. exp. must have been VP of a company previously.. So he can expect more moolah..

SO these r the things in my view tht shud be kept in my mind..

[RINKU]

i will make 3 points

1)Why multiply salary by 45....coz in actual terms the PPP is around Rs. 9 for 1$.
and that makes even the fully farted salry of 191k$ By IIMB equal to 17 lacs that is much lesss than the again farted domestic salary quoted by IIMA of 34 lac .

2)Does these instis have the guts to display the offer letter of those persons quoted in the news (191,000 and 184,000 and now this 1crore by ISB).

3)again ISB takes people with more than 3 yrs work ex rite?? so if their avg salary is more than IIM than ?????

~NOM

[amitnsitian]

Originally Posted by RINKU

i will make 3 points

1)Why multiply salary by 45....coz in actual terms the PPP is around Rs. 9 for 1$.
and that makes even the fully farted salry of 191k$ By IIMB equal to 17 lacs that is much lesss than the again farted domestic salary quoted by IIMA of 34 lac .

2)Does these instis have the guts to display the offer letter of those persons quoted in the news (191,000 and 184,000 and now this 1crore by ISB).

3)again ISB takes people with more than 3 yrs work ex rite?? so if their avg salary is more than IIM than ?????

~NOM

1) every insti does that..so not an issue

2) not posible as this will reveal name of the company and the person who got that offer, which is against the ISB policies

3) agreed, average work ex is 5 yrs and average incoming salary is 5 lacs...so really NOT a big achivement

[RINKU]

1)there is an issue...coz this has to stopped.....coz my relatives think i am going to get 1 crore rs per year0....all of the india is not so knowledgeable...this is simply making fool....

1 crore ...

2)dude every insti reveals the name of company....IIMB so called 193,000 is being offered by barclays...and this is being quoted everywhere if someone is quoting some thing in media then we have the right to knw who made the offer(now right to information is also passed).
3)we agree on that

ru frm ISB?(looks like NSITian though)

Originally Posted by amitnsitian

1) every insti does that..so not an issue

2) not posible as this will reveal name of the company and the person who got that offer, which is against the ISB policies

3) agreed, average work ex is 5 yrs and average incoming salary is 5 lacs...so really NOT a big achivement

[amitnsitian]

Originally Posted by RINKU

1)there is an issue...coz this has to stopped.....coz my relatives think i am going to get 1 crore rs per year0....all of the india is not so knowledgeable...this is simply making fool....

1 crore ...

2)dude every insti reveals the name of company....IIMB so called 193,000 is being offered by barclays...and this is being quoted everywhere if someone is quoting some thing in media then we have the right to knw who made the offer(now right to information is also passed).
3)we agree on that

ru frm ISB?(looks like NSITian though)

1. well taken...every1 should stop this
2. it is ISB's "policy" of hiding the things etc.

yup, i am from NSIT delhi..not from ISB..but will be trying for it shortly

[chait1900]

I really dont see anything wrong in institutes declaring their salaries. Right now Indian institutes have nothing else that they can really compare. I mean you cant compare faculty cause there are hardly any of real repute in most schools. There is again hardly any diversity among students like the fields they come from or the kind of work experience they bring to the table. So all we are left with is how many comps are there in the labs, the number of days the entire placement procedure took or who got the highest salary package.

Ultimately its like comparing two cricketers. If both are good it would be subjective to say one is better than the other based on technique, but talk about figures like centuries fifties etc and it becomes easier to have a viewpoint.

About converting dollar salaries into rupees ask any true Indian what he does when he sees a fig in dollars and the answer u get is convert to rupees. Again its only about getting your point across. You always want to compare in a common convenient base. I think those who are capable of getting into such institutes definately know that $1 does not equal Rs45 in ppp term. As far as the rest of the junta is concerned I think they are being fooled on a lot more important topics than whether $200k in the US is equal to 1crore back here.

The only way to change this would be for the institutes to highlight examples like Sarath Babu. ISB did mention how well women have done, how people were more interested in job profiles rather than just money and that there is now a feeling that Indian companies are preferred. Hope this trend continues