IIM & ISB Grads Give US MBAs a Run for the Money
Graduates of the Indian Institute of Management (IIM) and the Indian School of Business (ISB) are being recruited by international companies just as avidly as their U.S. counterparts are – and they're getting the salary offers to prove it.
The Christian Science Monitor reports that Indian business school grads are now getting salary offers equal to those of MBAs from the top US business schools. This year's crop of graduates from IIM-Ahmedabad received on average two job offers per student, with total compensation going as high as $193,000. Upcoming graduates of the ISB are seeing job offers of $200,000 and more.
The Economist rates India's top management institutes as some of the hardest b-schools in the world to gain admission to. Last year, 158,000 applicants took the Common Aptitude Test, the standardized entrance exam for Indian business schools. Out of that number, only 1,300 won admission to one of the country's six IIM institutes.
Source: "India's B-School Grads Now Rake in the Big Rupees," by Anuj Chopra - the Christian Science Monitor, April 21, 2006
The Christian Science Monitor reports that Indian business school grads are now getting salary offers equal to those of MBAs from the top US business schools. This year's crop of graduates from IIM-Ahmedabad received on average two job offers per student, with total compensation going as high as $193,000. Upcoming graduates of the ISB are seeing job offers of $200,000 and more.
The Economist rates India's top management institutes as some of the hardest b-schools in the world to gain admission to. Last year, 158,000 applicants took the Common Aptitude Test, the standardized entrance exam for Indian business schools. Out of that number, only 1,300 won admission to one of the country's six IIM institutes.
Source: "India's B-School Grads Now Rake in the Big Rupees," by Anuj Chopra - the Christian Science Monitor, April 21, 2006
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