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Students demand India’s top business school stop bragging about graduates’ lucrative pay
(AP)

20 March 2006
NEW DELHI - Booming India’s top business school may be proud to trumpet its graduates’ lucrative job offers, but some students are demanding a stop to the common practice, saying it may tip off criminals and cause “personal problems.”

To the average Indian, Gaurav Agarwal and Venkatesh Shankaraman, who graduate this year from the Indian Institute of Management in Bangalore, hit the jackpot - Agarwal landed a London job at Barclays Capital for US$193,000 (Š158,400) a year, while Shankaraman will reportedly take home about US$70,000 (Š57,450) next year from an unidentified employer.

Such salaries are high by Western standards and a fortune in India, where about 400 million people live on less than US$1 (Š1) a day.

Therein lies the problem, say the two students.

“Salary details, especially when they are above normal compensation levels, tend to catch the attention of unscrupulous elements and could cause immense physical as well psychological distress,” they wrote in an e-mail to the school’s director, P.G. Apte.

Their job offers were publicized without their consent and have “caused a lot of personal problems for us,” they wrote, without giving details.

Agarwal and Shankaraman’s offers were front-page news in India, where media gush over signs of the country’s economic boom - and where telling people your income isn’t frowned on as it is in most Western countries.

The Times of India newspaper said the students had “created history.” The Press Trust of India news agency headlined its story “Job Hunting: IIM graduates make a kill!”

Despite the hype, Agarwal and Shankaraman said in their e-mail that since the news was released, “our individual experiences ... have not been pleasant.”

Their parents “were inundated with calls after their salaries were made public,” they wrote, saying such information is “very personal and should never be discussed in public.”

The Times of India quoted the e-mail Monday. Apte said it was accurate, and told The Associated Press that next year the school would try to keep such information private.

“We don’t want to emphasize this part of placement process,” Apte said. “It draws attention from undesirable quarters.”

 He would not elaborate.

 Neither could immediately be reached for comment.

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