My Rupee or Your Dollar?

by Vinaya HS on April 7, 2006

in The SP Jain Blog

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I fail to see why the Indian media is so obsessed with converting the dollar salaries earned by recent MBA graduates into their rupee equivalents. Do you?




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{ 3 comments… read them below or add one }

Raj April 7, 2006 at 10:28 AM

I do. They do it for fun :)

Nitin Jagga April 7, 2006 at 10:57 AM

I don’t really think the media covers the ground first. They just don’t jump into the details. Take for example the glorified Mr. xx from IIMB, who just got some 15kGBP/month salary from some investment banking firm in London. Now, just take a look at his paper worth.
1. IIT Kanpur, Electrical Engineering (Best in India)
2. MS in Computers, Berkeley(Combo of Best in India and Abroad)
3. Worked in Wallsteet for 2 years at a compensation greater than 100,000 $/annum.
4. MBA in Marketing and Finance(IIMB)

This clearly indicates the worth of the person for the position and salary that he got at campus in IIMB. Had he continued with his job at wall street probably by now, he would have been getting the same amount as he’s been offered. But media won’t care for it. It would just simply state what he’s got and that would make lakhs and lakhs more to die for IIMs just as they die for IITs during Schooling.
Now, the second case of ISBH, doesn’t appear any different to me either. Though nothing has been disclosed, it might be that the person would have had 10+ years of work ex already loaded onto his profile. But who knows? Who knows even if it is truth or not?

But media is upto the fore…………… As usual, but won’t cover ground realities as that would make the news digestible and not selling………………………..

Vinaya HS April 7, 2006 at 11:41 AM

Very true. All that the media cares is how much does XXX,XXX US$ convert to X.XX crore Rupees. The public wouldn’t be misguided if these reports are actually accompanied by detailed and well researched statistics.

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