It's that time of the year and stupid moronic media @ it once again i.e Quoting the top most salary figure for IIM-A and IIM-B grads without giving a complete picture of what an avg IIM graduate actually gets. Rashmi Bansal of YC had a great post on this very issue last year and here's the link :-
http://youthcurry.blogspot.com/2005/03/150000-googly.html
The critical para which provided a good picture about the real campus placement scenario @ the IIM's is ...
"Only 58 students out of a batch of 250 got placed on 'Day Zero'. Some 84 job offers were made but as one student was being wooed by more than one company, not all could be accepted. This means that 80% of the batch is - as I write this - still appearing for interviews with all the regular rupee-paying companies. The average Indian salary - last year - was Rs 7 lakhs. Expect that to become Rs 8 lakhs this year, thanks to a buoyant job scene. But remember, that if the 'average' is 7 lakhs there are a good number of students below that figure too! "
Why does the media in this country rely on hype rather than on facts ? How much are the IIM's paying the print & news media for this false publicity in order to attract gullible students ? Marketing ethics anyone ??