IIM Salaries ...
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 ??
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 ??
posted by pentium77 at 9:38 PM
2 Comments:
For most of us inside the IIMs, it is the work profile on offer from companies that is paramount...salary is just an add-on. Somehow the media feels that doesn't "fire" the public imagination enough (except in dramatic cases where people are starting their own thing). So the media (as is its wont) tries to give the public what they think they want, and the institutes in turn play to the gallery. And when everybody is dancing a common dance, a single dancer finds it very difficult by himself to stop dancing even if (s)he realises the dance steps are going wrong.
We generally laugh at these "tailor-made" discussions and those in the trade know how to discount all this.
Thanks for sharing your thoughts on this. Good to know that quality of work comes b4 money for many IIM grads.
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