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Officials at the Indian Institute of Management in Bangalore have been gloating at the record compensation package of its latest graduates Gaurav Agarwal and Venkatesh Shankaraman. Agarwal landed a job at Barclays Capital in London for an annual salary of $193,000, while Shankaraman was hired for $70,000.

The salaries, high even by U.S. standards, are a fortune in India,

But both students are miffed that IIM publicized their salaries, which received front page coverage in Indian newspapers. “Salary details, especially when they are above normal compensation levels, tend to catch the attention of unscrupulous elements and could cause immense physical as well psychological distress,” they protested to IIM Director P.G. Apte.

The publicity had resulted in unwanted attention, they complained, and salary information is “very personal and should never be discussed in public.”

IIM is promising to keep the lid on salary information going forward. But heck, we are talking about it. $193,000 did you say, Agarwal?
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