I think it was a good read, but i am also interested in the humane side of being an IIM grad - not the $$$ side. I think the story of Gaurav Agarwal would make a great read, since he had an IIT, Berkely and 2 years of work ex. in US. What was his thought process, when he decided to come back for IIM degree.
Did he know he was gonna get these headlines? What did he think that IIM could offer, which no other institute could (he could have walked his way into Harvard, Kellogg etc)? Did he really think he needed an MBA after all his credentials..
Yearly = GBP 105000/-, Monthly= GBP 8750/- A. First GBP 5000/- is not taxed B. Next GBP 30000/- is taxed at 27% C. Next GBP 70000/- is taxed at 40% So A+B+C = 5000 + 21900 + 42000 = GBP 68900/- So monthly in pocket comes to GBP 5741/- House Rent in Chelsea GBP 2000/month (moderate, single bed+toilet kitchen+council tax+heating+electricity) Food Monthly GBP 600/- for 2 persons Other Expenses GBP 500/- So you save GBP 2641/- that is = Rs 205998/- Monthly Come on this much is saved by many starters working in India living a great life eating/drinking is best hotels. If you do the same in UK may you save GBP 50/-monthly.
Its should not be a surprise its salary for working in united states. All the software enggs working for TCS make More than 60K working in usa. And guys numbers are in Hundreds of thounsands. O what so surprise if one guy make 105 K. SAP consultents working in USA more money than that without any MBA.
Hi, This article boasts about media attention towards their salaries but not their innovations or break through discoveries or policies they make which help in transforming the companies. Why don't you focus on such things rather than being a normal media site. I would be happy if you can post some of the innovations done by IIT's and break throughs done by IIM's which left a remarkable impression in the respective field or companies they worked for.
My hearty congratulations to those who got sterling jobs and getting all this media hype - why so much fuss - all these numbers are pretty common for any foreign MBA grad if she gets into Investment Banking. (60000 GBP Base + 12000 GBP Signing Bonus + 50 to 100% bonus of base which in this case may have been included in the negotiated package at IIM)
Interesting article....just wanted to point out a couple of issues....starting salary for *all* mbas on wall st. is about $175k, this includes $100k base and about $75k bonus, this is exactly what these kids have been offered, so there is nothing exceptional about their salaries.
Secondly, you are very mistaken if you think an mba like Gaurav is "great at creating complex financial models". In all probability he will either be trading or doing sales or at max looking at basic econometric models. To expect an iim grad to work on derivative pricing models is a joke, you need quants with serious technical backgrounds such as a phd in math or physics to do that kind of work.
A good article indeed. Ideas of relativistic world and rising though the ranks for everything is what makes up the real world job be it wall street or Mahatma Gandhi Street. I will be watching Gaurav Agarwal though his years to find out whether he can sustain the momentum to be Rajat Gupta or Vikram Pandit.
dear friends...you must be going through the hype and hoopla made over IIM sals.once we hear of the salary offered by an overseas player...we waste no time in recalling the $ to rupee exchange rate.... we never think of converting them on PPP basis..the type of salary...whether it is cost to company or basic offered salary...and often are awed down by the figures contained in the offer.on the other hand the IIM grads who are employed in India are in no way lagging behind as + they are closer to their motherland ( if they value it at all). These IIM/IIT products can be our leaders if they join indian companies , improve the performance of our industries, helping them to match their eye with wall marts, lehman bros., chevrons...the list is endless..really they have got a tough task ahead...
