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1 hour ago
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A viral anecdote from the IIM Calcutta placement circuit has sparked a heated debate. An Africa-based firm reportedly offered a staggering ₹80 Lakh per annum, only for the candidate to realize that ₹40 Lakh of that amount was allocated for "kidnapping insurance."
This story highlights the growing gap between the "Marketing CTC" and the "In-hand Salary." While this specific case is extreme due to the high-risk location, "ghost components" in salary packages are becoming increasingly common.
3 Replies
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This is a classic example of 'CTC Inflation.' Schools want to show high averages to boost rankings, and companies want to look like top-paymasters. The student is the only one who has to deal with the reality of a 2 LPA monthly credit while the news says they earn 80L
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As someone on campus, these 'frontier market' roles have always been like this. They offer huge numbers to attract talent to places like Nigeria or Iraq. It’s a 'Hazard Pay' model, not a standard corporate salary
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40 Lakhs for kidnapping insurance?! At that point, the company isn't hiring an MBA; they're hiring a hostage. This is why looking at the 'Fixed Component' in the placement report is the only thing that matters.
