ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Karthik KrishnaSubscribe to Karthik Krishna

Response from AoL

In his article “Dance of the Devils” published on 2 April 2016, Anand Teltumbde has gone to extraordinary lengths to hit out at Sri Sri Ravi Shankar and the Art of Living (AoL) in the context of the recently held World Culture Festival (WCF) in Delhi to which we would like to respond.

Signalling, Work Experience and MBA Starting Salaries

This paper investigates the determinants of MBA starting salaries using a unique placement database from one of the 'premier' business schools in India. We invoke some simple arguments regarding schooling, human capital theory and signalling from the economics of human resources to theoretically inform our analysis. The results indicate that there are large salary returns to academic performance and mild returns to prior work experience when the entire sample is studied. However, when the functions are run separately for the domestic and international sector, we find that only academic performance is significant in the domestic sector whereas only prior work experience is significant in the international sector. We interpret the latter result as approximating a 'perfectly separating signalling equilibrium' process.

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