Is the average base salary information of ISB misleading? : ISB
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# Is the average base salary information of ISB misleading?

Author Message
Manager
Joined: 03 Jan 2014
Posts: 51
Concentration: General Management
Schools: Schulich '16
GMAT 1: 690 Q49 V34
Followers: 1

Kudos [?]: 8 [0], given: 0

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05 Mar 2014, 09:29
Hello Friends,

I was looking the below thread

isb-class-of-2015-calling-all-applicants-151341.html

At the bottom of the page it was mentioned that "Average base salary: $130,135" However, just below that there was placement records of ISB for 2013 batch. There the mean and median salary was around 18,00,000. This amount is far less than above mentioned "Average base salary:$130,135".
Could anyone ,please explain why is this?
Director
Joined: 20 May 2013
Posts: 599
Location: United States
Concentration: Strategy, Finance
GMAT 1: 750 Q49 V44
Followers: 14

Kudos [?]: 276 [0], given: 54

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05 Mar 2014, 09:56
vimal096 wrote:
Hello Friends,

I was looking the below thread

isb-class-of-2015-calling-all-applicants-151341.html

At the bottom of the page it was mentioned that "Average base salary: $130,135" However, just below that there was placement records of ISB for 2013 batch. There the mean and median salary was around 18,00,000. This amount is far less than above mentioned "Average base salary:$130,135".
Could anyone ,please explain why is this?

I'm assuming they included signing and/or year-end bonuses
Manager
Joined: 03 Jan 2014
Posts: 51
Concentration: General Management
Schools: Schulich '16
GMAT 1: 690 Q49 V34
Followers: 1

Kudos [?]: 8 [0], given: 0

### Show Tags

05 Mar 2014, 10:29
mgh234 wrote:
vimal096 wrote:
Hello Friends,

I was looking the below thread

isb-class-of-2015-calling-all-applicants-151341.html

At the bottom of the page it was mentioned that "Average base salary: $130,135" However, just below that there was placement records of ISB for 2013 batch. There the mean and median salary was around 18,00,000. This amount is far less than above mentioned "Average base salary:$130,135".
Could anyone ,please explain why is this?

I'm assuming they included signing and/or year-end bonuses

Hello mgh234,

But that's huge difference. If you convert $130,135 in INdian Rupees, it would be around 80,00,000, which is way too more than 18,00,000. VP Joined: 23 Mar 2011 Posts: 1113 Concentration: Healthcare, Strategy Schools: Duke '16 (M) Followers: 78 Kudos [?]: 496 [1] , given: 463 Re: Is the average base salary information of ISB misleading? [#permalink] ### Show Tags 06 Mar 2014, 03:57 1 This post received KUDOS vimal096 wrote: mgh234 wrote: vimal096 wrote: Hello Friends, I was looking the below thread isb-class-of-2015-calling-all-applicants-151341.html At the bottom of the page it was mentioned that "Average base salary:$130,135"

However, just below that there was placement records of ISB for 2013 batch. There the mean and median salary was around 18,00,000.
This amount is far less than above mentioned "Average base salary: $130,135". Could anyone ,please explain why is this? I'm assuming they included signing and/or year-end bonuses Hello mgh234, But that's huge difference. If you convert$130,135 in INdian Rupees, it would be around 80,00,000, which is way too more than 18,00,000.

Yep. That's some wicked Purchasing Power Parity conversion. Ignore that. You know what is INR 18L and what is $130k. Intern Joined: 02 Jun 2014 Posts: 1 Followers: 0 Kudos [?]: 0 [0], given: 0 Re: Is the average base salary information of ISB misleading? [#permalink] ### Show Tags 07 Aug 2014, 19:48 I believe that is taken from the ft rankings for 2014, its called the weighted salary ( average alumnus salary three years post graduation from the school). Posted from my mobile device Intern Status: Available Joined: 20 Dec 2011 Posts: 13 Location: India Concentration: Strategy, General Management GMAT 1: 750 Q50 V40 WE: Analyst (Retail Banking) Followers: 0 Kudos [?]: 6 [1] , given: 3 Re: Is the average base salary information of ISB misleading? [#permalink] ### Show Tags 10 Nov 2014, 02:03 1 This post received KUDOS That is due to Purchasing Power Parity of the two salaries in the respective countries. It means what$130k buys you in USA, an INR18k can buy you in India.
Re: Is the average base salary information of ISB misleading?   [#permalink] 10 Nov 2014, 02:03
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# Is the average base salary information of ISB misleading?

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