Salaries at Bschool the real picture

Well Look what IMT G forced all the big institutes to come out with . Uptill Last Year Everybody was Happy with average salries of 8-10 lakh...

Well Look what IMT G forced all the big institutes to come out with . Uptill Last Year Everybody was Happy with average salries of 8-10 lakh zone in tier 1 Bschools which was closer to reality but This year IMT G came out with a 10+ figure which led to Everyone in a tier of upmanship with salaries quoting as high as 14-15 lakhs as average for Bschools with everyone trying to be a level up than a lower ranked bschool. .The result you can find Anirban's article in hindustan times .

The average and median salaries were calculated on the number of offers and not on the final accepted offers. Also, all the foreign salaries are converted to their INR equivalents and then added to the pool! Moreover, in calculation of the lowest salary the higher of the offers is taken into account for all the students. Confusing, isn’t it? Let me explain.
Most of the schools have people with prior work experience and they have a separate lateral recruitment process where the salaries being offered are higher. Moreover, in most of the good B-schools a candidate can have multiple offers from different companies. (I can’t go into the details). Now, suppose a guy is offered a Rs 25 lakhs package by a company with a not-so-good a reputation in the lateral recruitment, but has another ABC company’s offer worth Rs 20 lakhs but finally signs up with an excellent company with a lower offer of Rs 10 lakhs
(you may think the guy is crazy but a company's repute does play a big role in selection of final company), the average salary for that guy will be 25+20+10/3 = Rs 18.33 lakhs! But he will finally get a salary of only Rs 10 lakhs. So, what is this figure of Rs 18.33 lakhs about? I don’t know myself but in my view this figure doesn’t have any relevance whatsoever.

Consider another scenario - if a guy is offered a salary of £48,000 in London (second most expensive city in the world), so during the calculations of all those arbit numbers, this £48,000 is converted to INR as 48000x80 = Rs 38,40,000! Whoaa! And his astronomical number will be added to the calculation of those numbers.

To Know the Institute u can do a little bit of resarch work.I am happy now that IIM B and L didn't disclosed the salaries this year.The article can be found here
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