"Now invest Rs 15 to Rs 17 lakh on an MBA degree from the Indian Institute of Management (IIM) and get a pay package of Rs 6 lakh only". Granted, such an ad will never attract a student to a business school, but this statement reflects the mood during the placement season this year. If some media reports are anything to go by, this year, IIM Lucknow and Kolkata placed some of their students for not-so-attractive pay packages. Things were so bad that many students were forced to opt out of the placement programmes. By signing a document, a student can refuse to be a part of an IIM's placement procedure. You can well imagine what the placement scene at the non-IIM B-schools was like!
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