Notice how people have started coming up with their own side projects like authoring a book post success of Chetan Bhagat.
Typical story used for garnering attention -\"Working IIM/IIT grad writes book because of the sudden found \"passion\",tries to be all spiritual but secretly believes it to be his golden ticket to success like Mr.Bhagat.If not then well they have their routine jobs to fall back on\"
Only if Tendulkar/Branson/Dhirubhai Ambani would have thought this way...
I'am an IIM guy myself, even though there is a relative grading system, there is a lot of bonhomie and cooperation too...cos without group projects and group activities, you cannot thrive in a B school...the insecurity comes from the unecessary hype and hoopla that surrounds IIM placements cos half of the reported placement figures are absolute garbage.... The average IIM grad who earns approx 10 LPA to 12 LPA is a guy who is neither a winner nor a loser...the unhappiness comes at comparing yourself to those 5% who supposedly earn $300,000K, when a little bit of commonsense thinking will tell you that those figures are highly contrived figures and don't even have a grain of truth.....that is just the shameless way in which the IIMS fool lakhs of gullible and naive CAT aspirants and make some otherwise competent IIM grads insecure....
So, on an IIM campus, if you end up with one of those 6LPA or less than 6LPA placements, then you are justified in feeling insecure, if you end up with one of those bulge bracket jobs, count yourself very lucky and if you end up with those median 12LPA pay packets, feel very happy and satisfied..
With this attitude, all IIM grads will achieve genuine peace of mind and prosperity...don't let those fake, hyped up i banking figures give you a complex and take your happiness away..it is just not worth it!!
Re: I don't agree with this guy...
by amit garg on Apr 02, 2010 01:13 AM
you have a point , the only thing i could not understand was why did you call those I-Bank salaries Contrived?? if you are from one of the IIMs you better know 5 % student do get these salaries, so how IIMs are fooling people?? and IIMs are not placement agencies ,media made it so! You are right in saying People get happy about getting median of 12 LPA but its not all about salary, its also about career prospects, job profile etc etc.
Re: Re: I don't agree with this guy...
by surya das on Apr 02, 2010 06:04 AM
Mr. Bhasmasur, Onething I must tell you that it is not only in IIM but in every institutes in India and many other countries too that few people get very good package which is due to their past experiences in any respective fields before joining any MBA school, and those figures always published by the management to attract in the society. But, onething you remember that India I never understand CTC (cost to the Co.) which shown in the media that one person gets 18 lakhs or 25 lakhs package where it includes your variable bonus, insurance and other facilities. Hence, actual salary we get is way less than these numbers.
Believe, your $300,000K figure must be wrong, instead of $300,000 may be appropriate, but I did not see any IIM grad is getting offer of $300k during campus, and if it is then it must be includes their variable bonus and insurance which is half of this figure. And, bonus is always on individual success as well as Co.'s success during a financial year.
Everybody knows, that CTC figures are always mislead you in mind unless untill you don't see the actual amount.
So, don't go by these numbers showing in media, cause people did not know the offer letter terms and conditions in which you will be entitled to get those amount.
Re: Re: I don't agree with this guy...
by Bhasmasur Rakshasa on Apr 02, 2010 11:52 AM
Amit, Your point is very well taken....the only thing is that the i bank salaries include variable component which in some cases ranges from a modest 40% to a very high 300%...invariably the IIMS quote the higher component...one of my friends who reportedly got a jackpot of $250K, is atually taking home only $10,500 per month approx which actually is very good even by Stanford standards...i'am just saying that there is unecesary media hype which the IIMS actually thrive on..
When McKinsey says they offered 15LPA to an IIM grad, we know that the figure is completely genuine cos the variable component is not factored in to that extent....
I'lll still maintain that 12LPA to 15LPA is a great pay packet for a fresh IIM grad and he should go out and celebrate with his GF and have fun in life......don't let someone else's questionable higher pay packet take your peace of mind away....
Your are right in saying that 5% do get a lot more only if they become top performers, cos i kow many guys in i banks who stagnate too and then the pay that they get is almost a mirror of what people in other top sectors get..
Re: Re: Re: I don't agree with this guy...
by jignesh shah on Apr 05, 2010 07:55 AM
10500*12 = 126k...even tho that sounds less, that number seems to be after the taxes and all...about 50% (with social security, medicare, 401k or other retirement plan contribution, health insurance, dental insurance, eye insurance, state tax, local tax, federal tax...) makes sense ...so the actual salary will still be $250k, without variable component
I have seen many CAT papers and all they try is to tell someone to answer many questions/puzzles in a certain amount of time. And they want 90 pc plus guys only for IIMs, who have mugged their mway through school and colleges. They just waste your time brainwashing you, and I think we should be happy if we are a techie, coolie, sportsman etc. I have represented andhra in U23's and I dont need a certificate from the IIM to tell me that i have arrived and made it in this world
Re: IIM is not really worth getting into!!
by Bhasmasur Rakshasa on Apr 01, 2010 06:19 PM
If so, why are you insecure about it?? If you are confident and secure, you don't need to state it!!
Re: Re: IIM is not really worth getting into!!
by amit garg on Apr 02, 2010 12:43 AM
Sandeep you are looking like a frustrated man!! chill yaar....its all about choices, some want to get through IIMs and some dont...so where is this "certificate from IIM" feelings??
IIM and IIT use to be Good instution because of quality of studnet they were getting in . Now better quality of student moving to other college because of Reservation . So we shd not look IITor IIM as brand now .it has poor quality of studnet intake .. as better student are force to go in other college .
Re: I dont think IIM and IIT passed out should be much attension
by B Satyawani on Apr 01, 2010 05:34 PM
for ur kind information Reservation is everywhere not only in IITs and IIMs.
Re: Re: I dont think IIM and IIT passed out should be much attens
by debanjan banerjee on Apr 02, 2010 12:02 PM
and for ur kind info reservations are not there in most private b schools and private eng colleges
Re: Re: Re: I dont think IIM and IIT passed out should be much at
by B Satyawani on Apr 04, 2010 12:18 PM
How does it matter for private e or b schools tat if a SC or ST is getting in or not? ..money is all matter's there. So it is also kind of reserved for riches. Any rich d@nkey can get in there easily without much effort.
All we wont find is the kind of faculty wo r there in iit's or iim's in any other private e or b school. So even if a d@nkey manages to get into iim's he/she will atleast come out as better 1 compared to wat he/she was earlier ..but the same cannot be guaranteed in private.
Every thing was right till one reach at the last paragraph. Strange! How one compare Lord Rama with Muhammad? Did Lod Rama married a 8 year old freinds daighter like Muhammad married Aysha? Or did Lord Rama had uncounted nos.of slave woman as his wives like Muhammad had? The Indian civilasation of 500 BC were much batter Than 7-12th century civilisation. It is adiviced that the writer should read Anciant Indian History properly.
Re: Muhammad
by Logo on Apr 02, 2010 07:38 AM
Lord Rama did not live in 500 BC ... there is no date on which Lord Rama lived... Our only accounts of Lord Rama are from the stories of ramayana.. So please stop giving wrong information
Look at his face.He is just cunning,greedy for publicity like all IIM stupids ( Institutions where rat ran faster then cat and livid a paronid with no creativity and inginite) will go any extend to get his name on tabolied.
Re: face
by Sachin Bodwal on Apr 01, 2010 06:17 PM
just shows how aimless you are. How about joining a school which helps you to work on your english. I shudder to think about your spoken english skills.
Re: Re: face
by aim on Apr 01, 2010 08:13 PM
need not worry about the english skills i just want to make it a point about this guy who as per the reading done by the above Malay b has misinterpeted the history.if we critic it this book is nothing more than toilet paper
Re: Re: Re: face
by amit garg on Apr 02, 2010 12:46 AM
even thn why are you saying all IIMs guys as idiots?? i am feeling people are just jealous of IIMs guys or what?? How many of IIM guys you know? if someone has written a book, what is your problem? you also write a book and get the publicity for you and your alma mater...what is the point in criticizing worthlessly??
Need not even look at the bOOk would have vomited some commonsence and life put togethere .Why waste time ,money and effort your seeing 3rd rate movies.Look for something better. Doing his own marketing through paid service.rediff get some intresting people around
