Rs. 1 Crore Pay Package - Is it becoming the order of the day?

It is a good news for all MBA aspirants, who want to do it in ISB, IIMs and other top B-schools in India, that pay packages are crossing Rs. 1 Crore mark for many of the budding graduates from these schools.

Previously freshers at IIMs were offered only analyst positions. But, this year they have been offered at associate level carrying higher responsibilities and pay packages. For example, Deutsche Bank has made offers of associate position to over 10 so far this year. The average salary of GBP 10,000 a month is higher than the average salary of GBP 7,500 a month for an analyst position. This is a good news especially for youngsters who are advised to do MBA even if they have two to four years experience. Hit the rod while the iron is hot.

Other investment bankers such as Goldman Scahs, BNP Pribas, Barclays Capital, Merill Lynch, UBS, JP Morgan, Lehman Brothers and HSBC have all made pre-placement offers this year nut not at associate level. They may offer asscoiate positions from next year onwards for freshers.

All the best.