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toney

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B-school salaries - holy crap
« on: April 06, 2006, 07:29:45 PM »

http://timesofindia.indiatimes.com/articleshow/1479412.cms

 MUMBAI/DELHI: India Inc’s globalisation journey is proving to be a bonanza for Indian business schools. A student at the Hyderabad-based Indian School of Business (ISB) has bagged an offer of Rs 1.04 crore ($233,800), the highest across all Indian B-schools this year, for an international position with an Indian IT company. ISB dean M Rammohan Rao declined to disclose the name of the recruiter.

"This year, we had as many as 42 international offers, many of which came from Indian companies for their global operations,"said Rao. With the $233,800 international offer, ISB has trumped IIM-Calcutta’s record for the highest international package ever ($225,000 in 2001). It has also outdone IIM-Bangalore’s figure of $193,000, the highest so far this year. In fact, four ISB students — including two women — have crossed the magic figure of $200,000. At $120,700 (Rs 53.5 lakh), the average international salary was up 21% over last year. "A lot of this is because we have students with substantial work experience and many of them have worked abroad,"said Rao.

Women graduates have done well in recruitments. Said Rao, "This year we have seen more women land leadership roles."Interestingly, a woman graduate recruited by an international energy company, has bagged a salary of $2,23,400 (Rs 1.01 crore), setting a record of sorts.

ISB’s average domestic salary of Rs 11.77 lakh (an increase of 18% over last year) was higher than that of any Indian school this year (IIM-C’s average Indian salary was the highest among all IIMs this year and stood at Rs 9.81 lakh). However, ISB’s highest domestic salary of Rs 30.33 lakh is lower than IIM-Ahmedabad’s Rs 34 lakh.

The ISB class of 2006 has 345 students, of which 328 participated in the placements. Over 145 companies came to campus for recruitments this year. The usual industry sectors continued to dominate the placements. Most of the offers (almost 41%) were made by consulting companies, followed by sales and marketing, IT, banking and financial services, FMCG and retail.
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fineleg

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Re: B-school salaries - holy crap
« Reply #1 on: April 06, 2006, 07:38:38 PM »

amazing.

How good is this Hyderabad ISB ? Its a "relatively" newer school right?
Are they doing well? (certainly seems excellent by above post), but if anyone has more info, then post it.
« Last Edit: April 06, 2006, 07:50:00 PM by fineleg »
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Re: B-school salaries - holy crap
« Reply #2 on: April 08, 2006, 09:36:15 AM »

what's so amazing about these figures? dont stanford grads earn on average about 200,000
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dhruvdeepak

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Re: B-school salaries - holy crap
« Reply #3 on: April 08, 2006, 09:38:57 AM »

what's so amazing about these figures? dont stanford grads earn on average about 200,000

spending power man...1 crore in india vs $200k?!
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Re: B-school salaries - holy crap
« Reply #4 on: April 12, 2006, 07:52:35 AM »

Not fair comparing dollar salaries for an overseas placement with other offers within India ... salaries have indeed gone up, but that one is an outlier ...

ISB does look like a good B school ... great faculty and all the students that I have seen so far seem very good
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Aloo Kashmiri Ul Haq

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Re: B-school salaries - holy crap
« Reply #5 on: April 13, 2006, 03:22:57 AM »

what's so amazing about these figures? dont stanford grads earn on average about 200,000

spending power man...1 crore in india vs $200k?!

if you read the article again it mentions that the figures are for graduates hired to work abroad, the max indian salary is less than 12 lakhs
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Why did the chicken cross the road?

According to Le Chatelier:
 
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Sahir

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Re: B-school salaries - holy crap
« Reply #6 on: April 13, 2006, 09:15:24 AM »

what's so amazing about these figures? dont stanford grads earn on average about 200,000

spending power man...1 crore in india vs $200k?!

if you read the article again it mentions that the figures are for graduates hired to work abroad, the max indian salary is less than 12 lakhs

Yeah, actually 12 lakhs was the average salary of graduates in India.  The highest domestic salary was reported at 34 lakhs.
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