Re: Re-Vera background check
[#permalink]
13 Mar 2022, 14:10
I have been lucky to get into an M7 MBA Program, and am currently going through the re vera background check process. I am an Indian national based out of India.
I was contacted by re vera a couple of weeks back on my salary details (they couldnt figure it out on their own due to my company choosing not to divulge it) . They asked me to explain the salary numbers I put in my application, which I did.
(Note: I had used purchasing power parity conversion of 25, as opposed to the nominal USD INR conversion rate, which is 1USD = 76 INR )
They seemed to be happy with my explanation.
Now I got contacted by the school's admission committee to let me know that there is a salary discrepancy, and rightly so, because my salary when converted to actual dollar terms (ie 1 USD= 76 INR) will be MUCH MUCH LESS than when my salary is converted to PPP Dollar Terms (i.e 1 USD = 25 INR)
I explained the same to them, and while I await a response from them, I am freaking out! I never knew this would be such a big deal!
My questions are:
Is this a problem? I can justify the salary numbers I put in my application when converted to PPP Dollar terms, but it would seem OVERSTATED when its compared with my salary converted to actual Dollar Terms. That was never my intention though.
I also figured out I put why whole salary number (Base + Provident Fund (401k eqvt) + Gratuity - One time 'loyalty' payment for staying in the same company for 5 years+) ---> Whereas the college application clearly mentions to only share the base amount, minus the fluff. ----> Again, is this a problem?
Of course, it goes without saying that there was no intention to misrepresent or mislead, but I am freaking out if this is grounds for any action that the admission committee will take? How important is salary information anyway?
Thanks Guys!