Andhra Pradesh   

Seeking satisfying roles in lieu of big money

Special Correspondent

HYDERABAD: Ninety per cent of the outgoing students of the 2007 batch of the Indian School of Business (ISB) prefer `swadeshi' jobs to the more coveted global assignments, trading off big bucks with satisfying roles.

The best domestic bargain has fetched a student Rs. 43.91 lakh a year towards CTC (cost to company, which includes salary, allowances and perks). The highest CTC given for an international job has touched $2,69,000 (Rs. 1.18 crore). The average CTC this year has worked out to Rs. 15.03 lakh in domestic companies, while it is $1,35,000 (Rs. 60 lakh) in respect of foreign firms. Only 9 per cent of the students have got offers for a package less than Rs. 10 lakh.

Dean of ISB M. Rammohan Rao, at a news conference here on Tuesday, sought to downplay the numbers and names of individual students and companies for privacy reasons while his deputy Ajit Rangnekar laid emphasis on the fact that "they don't always look for money."

They took care in stressing that the payouts by the 202 Indian companies, which came up with 600 offers, invariably meant CTC and not the annual pay cheques. So did the 45 international companies that made 55 offers.

Information Technology, which enticed the world-class managers till last year, seemed to be down, though not out. A large number of students — 153 out of 416 — chose consulting jobs, followed by 106 picking assignments in technology.

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