This item should tickle the present batches at the top IIMs.....
McKinsey, Bain and Boston Consulting Group have unveiled one of the biggest rounds of pay rises for new hires in more than two decades, as inflation, booming demand for advice and a tight labour market force the trio of consultancies to compete harder for talent. The firms, which do not publicly disclose their pay scales, will increase annual base salaries for MBA graduates in the US from $175,000 to between $190,000 and $192,000, according to people familiar with the matter. Top performers will be in line to receive more than $250,000 in their first year when performance-related and signing bonuses are included.
The hope must be that these firms will want to likewise hike pay for recruits in India.
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