When IIM Graduates Choose to Stay in India

Convocation ceremony at IIM Ahmedabad

It may be a good sign for those of us concerned about the big brain drain and indeed a great example for the coming generations. Yes you heard it right, the IIMs were not really lured by offers abroad this year thereby marking a huge shift in their social consciousness, though I don’t mean there wasn’t any before it is just that it has never been so central to the agenda of the students. Many regard the salaries being offered as a deciding factor. For instance the slow world economy has not dampened the spirits of the domestic companies who have gone out there with a hike of 30 percent in the moolah while foreign companies have upped the last year’s salaries by a mere 3 percent. Another thing that has come to notice is the fact that IIM students have become extremely picky about the job profiles, to the extent that they are accepting less salaried offers if the job profile is good.

In other words, IIM graduates have become GLOCAL they think global but remain local which apparently is the mantra for a reputed Japanese university and we all know how the progress chart of the Japanese looks like. How else do you explain Neela Nageshwar Vittal’s refusal to a salary of Rs. 1.44 crore only to open a processing unit for medicinal plants. Yeah, the Indian future does seem bright…very bright!
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