Courtesy meltdown, desi firms can cherry-pick the best at B-schools
- Hindustan Times | Oct 28, 2008

For years, many Indian companies were priced out of the talent grabbing game at top business schools, but now they have a chance to hire the country's best brains.

With the collapse of iconic investment banks Lehman Brothers and Merrill Lynch, which had led head hunting at India's leading B-schools for years, students are increasingly looking at careers beyond finance and what they call i-banking, and the fancy salaries that came with it.

They are nudging towards traditional management streams like marketing, HR and consulting in place of finance. Many students are wondering if it would make sense to pick a stable, homegrown company over a foreign employer.

"There used to be a 10-15 per cent annual increase in salary offers. This year, we expect 2-3 per cent growth, but companies will not reduce salaries offered," said Abbasali Gabbula, final year student at S.P. Jain Management Institute in Mumbai, where pay offers averaged Rs 14 lakhs last year.

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