An IIM graduate is typically hired as a senior analyst on a Rs 70 lakh to Rs 80 lakh package, but an associate carries a salary of more than Rs 1 crore per annum. What a Luck Man Source: http://www.ibnlive.com/news/crorepati-saga-at-iim-c-5-get-offers-over-rs-1-cr/49444-7.html
That's not the first time. Two years ago, 2 MBA students from Hyderabad ISB also got more than that. There might be many after that. But I don't know the details