So finally one student spoke up on the inflated salaries quoted by Indian B-Schools.
And here it goes:
"On further prodding, I was told about the method. The average and median salaries were calculated on the number of offers and not on the final accepted offers. Also, all the foreign salaries are converted to their INR equivalents and then added to the pool! Moreover, in calculation of the lowest salary the higher of the offers is taken into account for all the students. Confusing, isn’t it? Let me explain."
And digg this article at: http://digg.com/offbeat_news/B_schools_misleading_the_gullible_junta
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