Thursday, Apr 07, 2005
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Advts: Classifieds | Employment | Obituary | Andhra Pradesh
By Aniket Alam
HYDERABAD, APRIL 6. The Indian School of Business has broken new ground in two significant areas of women's representation in the corporate boardroom during the course of its current placements. Not only is the student with the highest offer -- topping Rs. 20 lakhs -- a woman, the oldest graduate too is a 42-year-old woman with 15 years' work experience and two teenage children. The highest offer of Rs. 20 lakhs is a 53 per cent hike from the highest a woman graduate was offered last year at about Rs. 13 lakhs. Even the lowest salary offer to a woman graduate this year, at Rs. 6.5 lakhs, is almost 40 per cent higher than the lowest offer of last year, Bhuvana Ramalingam, Director, Communications at ISB, has said. This year the average salary offer for women is Rs. 9.20 lakhs, up from 8.86 lakhs. Hyderabad's premier business school is also proud of its senior-most student. Vani Palasamudram came to ISB after working for 15 years in the corporate sector spanning companies as diverse as Hindustan Aeronautics, CMC and Compaq.
Brave decision
"It is a brave decision for a woman to decide to join an MBA programme at this stage of her career," said Ms. Ramalingam and notes that Ms. Palasamudram's efforts to rejoin her career after taking some time off for her children has been successful with an offer from Computer Associates. Other women have also used the MBA programme to shift industries and upgrade their careers, she said and gave examples of a Singapore Airlines flight attendant who is now set to join Johnson and Johnson and a journalist who will work in Nokia's sales and marketing team with a three-fold rise in pay. She adds that another heartening trend is that an increasing number of women are being recruited into middle management positions.
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