Thats really an inspirational article. A seedha saadha Ladka, who moved from the slums of chennai to IIM-Ahmedabad and planning to setup his own business venture.
April 05, 2006 16:21 IST Last Updated: April 05, 2006 16:27 IST
Salary packages for India's management graduates are touching unprecedented heights.
Close on the heels of Indian Institute of Management graduates getting record salary deals, the Hyderabad-based Indian School of Business on Wednesday reported the highest international annual package of $233,800 (Rs 1.04 crore) for one of its students.
The ISB set a record with placements touching new highs for the Class of 2006. Four of its graduates have bagged offers that have broken the $200,000 mark.
"Surprisingly, the highest international salary has been offered by an Indian technology company," ISB Deputy Dean Ajit Rangnekar said. He, however, declined to divulge the name of both the company and the student who has bagged the deal.
"India is becoming the preferred location for our MBA students as this is where all the action is", he said adding "in the next five years there is going to be a reverse brain drain with most MBAs choosing the home turf to International offers."
Talking about the trend in placements for this year, Rangnekar said, "It is the Indian companies that have raised the bar significantly, offering international salaries to our students."
The average international salary for ISB students stood at Rs 53.5 lakh (Rs 5.35 million), up 21 per cent over 2005, while the average Indian salary was Rs 11.77 lakh (Rs 1.177 million), 18 per cent more than last year.
"The highest Indian salary of Rs 30.33 lakh (Rs 3.033 million), came from the Indian company HiTech," Rangnekar said.
The ISB Class of 2006 has 345 students, of which 328 participated in the placements process and over 145 companies visited the ISB for recruitments this year.
The year also saw some new names like EDS, Tishman Spier, and others recruiting for the first time in India and at the ISB.
Rangnekar said, "The placement results for 2006 have been extraordinary, surpassing all past performances. A total of 425 offers were made to our students recording a jump of 21 per cent over last year. Strikingly, it is the Indian companies who have raised the bar significantly offering international salaries to our students."
Thats really an inspirational article. A seedha saadha Ladka, who moved from the slums of chennai to IIM-Ahmedabad and planning to setup his own business venture.
3 comments:
No. I might buy if I have time in Dubai(so many if's, so cant say).
There is one more guy from IIMA who want to go to music industry and do albums. Mr Murthy praised the chennai guy for his new venture :)
True.. saw him on TV with hsi family.. real gutsy guy
ISB grad bags Rs 1.04 cr salary deal
April 05, 2006 16:21 IST
Last Updated: April 05, 2006 16:27 IST
Salary packages for India's management graduates are touching unprecedented heights.
Close on the heels of Indian Institute of Management graduates getting record salary deals, the Hyderabad-based Indian School of Business on Wednesday reported the highest international annual package of $233,800 (Rs 1.04 crore) for one of its students.
The ISB set a record with placements touching new highs for the Class of 2006. Four of its graduates have bagged offers that have broken the $200,000 mark.
"Surprisingly, the highest international salary has been offered by an Indian technology company," ISB Deputy Dean Ajit Rangnekar said. He, however, declined to divulge the name of both the company and the student who has bagged the deal.
"India is becoming the preferred location for our MBA students as this is where all the action is", he said adding "in the next five years there is going to be a reverse brain drain with most MBAs choosing the home turf to International offers."
Talking about the trend in placements for this year, Rangnekar said, "It is the Indian companies that have raised the bar significantly, offering international salaries to our students."
The average international salary for ISB students stood at Rs 53.5 lakh (Rs 5.35 million), up 21 per cent over 2005, while the average Indian salary was Rs 11.77 lakh (Rs 1.177 million), 18 per cent more than last year.
"The highest Indian salary of Rs 30.33 lakh (Rs 3.033 million), came from the Indian company HiTech," Rangnekar said.
The ISB Class of 2006 has 345 students, of which 328 participated in the placements process and over 145 companies visited the ISB for recruitments this year.
The year also saw some new names like EDS, Tishman Spier, and others recruiting for the first time in India and at the ISB.
Rangnekar said, "The placement results for 2006 have been extraordinary, surpassing all past performances. A total of 425 offers were made to our students recording a jump of 21 per cent over last year. Strikingly, it is the Indian companies who have raised the bar significantly offering international salaries to our students."
Thanks,
ThirdEYE
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