One IIM Ahmedabad MBA student was reported (and covered extensively by the media) to be offered a whopping US $ 150,000 salary !
Rashmi Bansal (herself an IIM A alumnus) decodes the placement news for us lay folk...on her blog in this post titled The $150,000 googly.
I quote this bit from the post:
Bottomline: Take all these figures about MBA placements with a fistful of salt. There are many good reasons to consider doing an MBA but the hope of that $150,000 job should not be one of them. The richest men in the world - like L N Mittal - have made their millions not on the backs of MBAs but native intelligence, hard work and good luck. If that's your dream - follow their example!