Staff Reporter

BANGALORE: India seems to be shining for at least a certain class. Graduates from the Indian Institute of Management here increasingly seem to prefer to work in the country. Mahadev Chitale, who is also a chartered accountant, has joined Spandana, a non-governmental organisation working to promote micro-finance schemes. Mr. Chitale even refused to attend the placement programme at the IIIM-B, which concluded on Saturday. More students are rejecting offers from foreign investment banks to take up assignments in equity and consultancy firms in India. If the students are to be believed, a number of them put their interest first and not the salaries with six students turning down overseas jobs.

Manasi Prasad, who refused a pre-placement offer from Goldman Sachs, New York, where she did her internship, said: "I don't think I made a sacrifice. Today, the world is looking towards India." Yamini Preethi, who interned with an investment bank in London, will take up an assignment at a consultancy firm in India. She said: "I want to specialise on policy matters."

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