The article here has a lot to say about B School salaries, but thats only the first job. What happens later. When potential recruiters call every third day. And your mail list has a gazillion openings every day (even if they are in financial services). As a patriotic Indian, I think it is our duty to accept every higher offer we get. The pay you receive is a function of the value you add. Therefore when another organisation offers you more, this implies that you will be creating more value with them. Therefore, by not taking up that offer you are destroying value.
I wonder if there are any statistics for average offers accepted per day by people who are already employed (assuming most of them receive higher pay), and the movement of the market indices…. all the naysayers who decry the MBA’s of today as being money grubbing butterflies are doing them a disservice. These butterflies are creating value through their movement. Whereas all those people who are sticking to their employers due to misplaced notions of ‘loyalty’,’love of the job’ and suchlike are acting as silly children by following their heart. They are trying to keep us at a ‘Hindy growth rate’. They are unpatriotic @_(#&$s who have are unaware of their duty to the nation. Change now, the nation needs you to.
More money I say!! Show me the moolah!! I worship Mammon!
ps: Another article – slightly more serious – on compensation issues.