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Showing posts from June, 2013

Life is simple...

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We wish to wear high brands, but feel most comfortable in pyjamas… We wish to sit in Taj and Marriot with elite people, but we enjoy roadside vendor food with friends the most… We wish to own big cars and go on long drive yet we talk our heart out only while walking down a long road… We have 64 GB iPod filled with songs but sometimes a song on radio brings smile… Life is simple….. We make it complex by running after what never gives true joy... (Source: rishikajain.com)

Are salary packages different from actual salary?

Salary packages is a very confusing term. As a matter of fact, it does not show take home salary. Instead, it is a combination of take home salary, cost to company and performance linked bonus (which is seldom paid). So, one should not be fooled on the figure of salary package. One should immediately consider about take home salary. In case of salary in Dollars, this should not be converted into Indian Rupees because this salary is not being paid in India, it is paid abroad where cost of living is too high. Prof Saral Mukherjee, Chairperson, IIMA Placement Committee has expressed his views on  the hype surrounding the inflated and incorrectly quoted salary figures in media. Professor Mukherjee says, “ The truth is that the readers are being fed garbage." He further said, the average salary offered by international banks at the IIM campuses are in the range of Rs. 12-20 lakh per annum, while that offered by private sector banks is at just over Rs. 9 lakh for IIM graduates. Th