The average domestic salary this year stood at high Rs 19 lakhs.

ISB management was in New Delhi recently to announce their placement results. Indias leading management portal MBAUniverse.com caught up with ISBs Deputy Dean Mr Ajit Rangnekar to know more about the placements, admissions, and what lies ahead for ISB.

Through a press statement, issued on April 3, IIM-A has said, The (new fee) scheme charges the full costs of the programme to those who are capable of paying it, while providing assistance of about Rs. 8.5 crore per annum to those who may find it difficult to meet the costs. This ensures that education at IIMA is accessible to all deserving students, irrespective of their financial situation.

Apart from domain knowledge, ability to communicate well is perhaps the key for finding the right jobs. Thats where facility with English language plays a big role. MBAUniversere.com and its group print publication M NOW Magazine spoke to Ganesh Ram V., a pioneer in the area and Founder of Indias largest English-training company Veta, about how students can improve their job prospects.

Q&A with Ganesh Ram V., MD, Veta

Placements 2008 at ISB saw record-breaking salary offers made to 422 graduates. The average domestic salary offered at ISB this year is Rs 19 lakhs. This was more than double the average salary of ISB grads before they entered the institute a year back, which stood at Rs 7.19 lakhs.

The average salary offered by international recruiters at ISB was much higher. The averages salary offer for jobs in US is $ 138, 614; in Europe is $ 156, 658; in Asia pacific is $ 145, 607; in Middle East is $ 125, 389. The comprehensive average of all international offers is $ 144, 812.

According to the information shared by IIM Lucknow with MBAUniverse.com, IIM Lucknow has increased the two year PGP fees for the new academic session by Rs 50,000 per annum. IIM Ls fee revision is much more modest than the fee increase by IIM Ahmedabad and others.

According to the IIM Lucknow, after the fee increase, the PGP fees will be Rs 2.5 lakhs per annum. The current fee at IIM Lucknow for its PGP programme is Rs 2 lakhs per annum.

Delhi based Indian Institute of Foreign Trade has also decided to increase the fees for its MBA programme by Rs 75,000. IIFT spokespersonand Sr Administrative Officer Dr L D Mago told MBAUniverse.com, IIFT has marginally increased the fee for its MBA (IB) 2008 to Rs. 2.5 lakhs per annum.The current fee at IIFT for its two year MBA programme is Rs 1.75 lakhs per annum.

On the occasion, Former President of India, Dr A P J Abdul Kalam awarded degrees and diplomas to the Ninety-four students of the 13th batch of Post-Graduate Programme in Communications Management (PGPCM). Also present on the occasion Mr. Gerson da Cunha MICA Chairman, Governing Council Communications Professional and MICA director, Professor Atul Tandon also delivered their address.

On the occasion students were handed out their medals, trophies and degrees. MBAUniverse.com presentsthe mood from the campus. (Click Here)

Prof Ashish K Bhattacharyya, chairman of admissions, Indian Institute of Management Calcutta and spokesperson of CAT Group, while confirming this development with MBAUniverse.com said, IIMs are in process to conduct CAT as an online test from year 2009.

Delivering the convocation address at Mudra Institute of Communication (MICA) on March 31, Dr Kalam lifted the spirits of graduating students, faculty members and others present on the occasion with his inspiration address that covered a wide range of issues. The central point that emerged from Dr Kalams address was that students must have a multifaceted development, with integrity as a core value.

Dr Kalam began by administered a six point oath to the students. The oath read:

On the occasion Mr. Arun Maira, Chairman, The Boston Consulting Group (India), will inspire the graduating batch of IIM-C during his convocation address.