Schools Financial News

rise of artificial intelligence (AI) and global volatility has kept hiring sentiment largely muted, Indian Institute of Management (IIM) campuses saw their median compensation rising 25-40% from that of the 2020 pandemic-era batch, as the 2026 cohort got picked up for specialized roles.As per its press release, IIM Calcutta’s median pay package was ₹35 lakh in 2026, up nearly 3% from ₹34 lakh last year and more than 37% higher that the 2020 level of ₹25.5 lakh. IIM Lucknow matched the momentum at ₹32.9 lakh, over 6% higher than ₹31 lakh a year ago and a massive 43% up from the ₹23 lakh annual package of 2020, its press statement said.

Subscribe to enjoy similar stories.At a gathering of academics and policymakers at Harvard this month, a participant reminded me that I had published a column 15 years ago on ‘The Manufacturing Imperative.’ As the title suggests, the piece emphasized the importance of industrialization in driving economic growth, creating good jobs, and building a middle class. “This is one of my all-time favourite articles,” the policymaker from Africa told the audience.There is scarcely a greater reward for a scholar than having his ideas resonate strongly with the people for whom he writes.

Subscribe to enjoy similar stories.Going back to grad school has long been the Plan B of young professionals who aspire to climb higher in their careers or struggle to get promoted in a tough job market. New data show that getting a master’s degree isn’t the guarantee it used to be.The unemployment rate for workers under 35 with a master’s degree has rarely been higher in the past 20 years, according to the Burning Glass Institute, a labor-market think tank focused on the future of work, which analyzed data collected by the U.S.

Subscribe to enjoy similar stories.STOCKHOLM, Sweden—This paragon of collectivism is pivoting toward rugged individualism.For decades, Sweden was shorthand for the brand of high-tax, high-spend government that managed people’s lives from cradle to grave through state-run hospitals, schools and care homes.No longer. With little fanfare, this Nordic country of 11 million has embraced capitalism.Today, nearly half of primary healthcare clinics are privately owned, many by private-equity firms.

Subscribe to enjoy similar stories.Ten years ago, only two or three students from a class of 30 would pass the class 10 board exam at this government school. Today, only two or three from a class of 60 do not.The class has grown because the school changed. As the class 10 board results were transformed, parents began moving their children here from other schools—mostly private ones.

Subscribe to enjoy similar stories.The University of California, Berkeley had almost 6,500 students on its wait list last year. It ended up admitting none of them.The only thing harder than getting into college, it seems, is getting off the wait list. At some schools, the wait list is far more selective than the college’s overall acceptance rate.

Subscribe to enjoy similar stories.I haven’t done this in years. Decades, if school projects don’t count. Needle in one hand, I try to remember how.

Subscribe to enjoy similar stories.I thought only I knew. The Tamil actor Vijay, whom people have suddenly taken to calling Joseph Vijay after his political rivals revealed his full name, and who now heads the largest party in Tamil Nadu’s assembly, was my classmate in the third standard. It is a connection I made because I remember trivial things from childhood.

Subscribe to enjoy similar stories.The first public walkthrough of Epochal: The Period of Pioneers, a joint exhibition by Chatterjee & Lal and DAG in Mumbai, was packed to the rafters last month. Around 250 people turned up on a hot Saturday afternoon to see this showcase of modernists such as K.S. Kulkarni, Benode Behari Mukherjee, J.

Subscribe to enjoy similar stories.Kongara Ramesh is a man of many obsessions. A self taught homeopath, like scores of practitioners in India, he has treated tens of thousands, free of cost. A school dropout, he is also the creator of a handful of unique varieties of mangoes, India’s most beloved fruit.Ramesh is, what you may call, a seasoned plant breeder.

Subscribe to enjoy similar stories.Wu Jingliang, a human resources manager in Beijing, got a raise at the beginning of the year, and the first financial move her family made was to increase their monthly savings rate.“I don’t dare spend, because I have a child. The child will need schooling later, and then there’s marriage or buying a home—we definitely need to save up a sum of money for him,” she told Barron’s in a phone interview.Conversations with other Chinese consumers revealed similar caution, all relating to feelings of financial insecurity.Beijing keeps rolling out consumption stimulus, and Chinese consumers keep responding with less enthusiasm than policymakers hoped.

Subscribe to enjoy similar stories.President Donald Trump has named Christopher Phelan as his next chief economist, an increasingly important role as the White House focuses on affordability and employment ahead of the midterm elections.Assuming he is confirmed, Phelan will become chairman of the White House Council of Economic Advisers, counseling the president on economic matters. He will replace acting CEA Chief Pierre Yared.Yared is standing in for Stephen Miran, who left the CEA in September when Trump appointed him to fill a vacancy on the Federal Reserve Board.“Miran was an ideological ally,” says Jacob Bastian, a senior economist at CEA during the Biden administration and an assistant professor of economics at Rutgers University.

Subscribe to enjoy similar stories.This week, we’re bringing you stories about the financial impact of divorce.Olivia Kelly grew up watching her mother make her pizza and chicken enchiladas. Then, in middle school, her parents got divorced, and the kitchen transformed into a small business.Her mother went from stay-at-home mom to working parent with a handful of side hustles. The home-cooked dinners became workweek to-go meals that friends and their nannies would buy for around $35 apiece.As Kelly’s mother changed, so did she.

Subscribe to enjoy similar stories.The government’s move to link the Nari Shakti Vandan Adhiniyam (Women’s Reservation Act of 2023) with nationwide delimitation, or redrawing electoral constituency boundaries based on population, has stoked the latent but ever-growing sense of injustice that India’s southern states have long been smarting under.Remember, it was not so long ago that Chandrababu Naidu, chief minister of Andhra Pradesh and a member of India’s ruling National Democratic Alliance (NDA), urged Andhra people to have more children. And Tamil Nadu chief minister M.K.

Subscribe to enjoy similar stories.It’s a long shot, but asset management companies (AMCs) are trying everything to lure fund managers into swapping their Bandra Kurla Complex offices for a new life in an upcoming financial hub about 500 km away.AMCs are offering pay hikes, relocation perks and faster career tracks to coax fund managers into moving to GIFT City, where talent remains hesitant to move.The push comes as regulators tighten norms on keeping an on-ground presence in the International Financial Services Centre (IFSC), forcing fund houses to ensure that key personnel are physically based in GIFT City (Gujarat International Finance Tec-City). But attracting experienced fund managers has proved to be difficult, with AMCs competing for a limited talent pool."Fund managers, if they have to move to GIFT City, are likely to ask for a salary hike.

Subscribe to enjoy similar stories.BEIJING—For decades, China has broadcast a simple message to its people: America is a chaotic and dangerous place.For just as long, that message largely failed to resonate, as millions of Chinese people looked across the Pacific and saw a proverbial “shining city upon a hill.” Many of China’s best and brightest saw the U.S. as a land of boundless opportunity underpinned by robust rule of law.Today, America’s allure is fading.

Subscribe to enjoy similar stories.Only a few years ago, AI seemed like merely a nice toy: a chatbot that simulated intelligence by assembling complete sentences in response to users’ prompts but that ultimately wasn’t much more sophisticated than an advanced search engine. Yet now, it has proven to be an incredible tool that can perform tasks I never thought would be possible in my lifetime. For example, I have used AI to locate online datasets, manipulate them, carry out statistical tests and produce polished tables and charts, complete with sensible commentary on what the results mean, how they relate to academic literature and the strengths and weaknesses of the analysis.

Subscribe to enjoy similar stories.Last spring, Yale University President Maurie McInnis asked a group of faculty to examine why Americans were losing confidence in higher education—and to propose remedies to restore it.Their much-anticipated findings, released Wednesday, call for changes to address everything from perceived political bias among faculty, to opaque admission standards and crushing student debt.“In its report, the committee calls on Yale to reflect on and take responsibility for our role in the erosion of public trust,” McInnis wrote. “I accept this judgment fully.”The report comes as colleges and universities seek to placate a presidential administration that has filed lawsuits, frozen federal research funds and generally made life uncomfortable for institutions accustomed to more autonomy.

Subscribe to enjoy similar stories.I have quarrels with many words. Some are intense, long-running disputes; others are milder irritations. The word ‘impact’—deployed relentlessly across the social sector—belongs firmly to the first category.To be sure, I have no complaint with the word in its original, physical sense.

Subscribe to enjoy similar stories.If you thought the old vs new tax regime debate was settled, think again.Just when the government seemed determined to push taxpayers toward the new regime, the newly notified Income Tax Rules, 2026 have quietly reopened the contest. By increasing limits for several exemptions, the old regime has regained relevance.And now, as a salaried individual, you are back to doing what you hoped was over: choosing.Every April, employers ask for investment declarations.

Subscribe to enjoy similar stories.A combustible mix of policymaker FOMO, industry self-interest and parental anxiety about the future of work is fuelling Asia’s push to introduce AI into classrooms at ever younger ages. The result risks turning a generation of developing minds into guinea pigs, while gains flow not to students, but to tech companies.You don’t have to be a Luddite to see the problem: AI’s inherent promise is convenience, while learning requires effort. Those aims are fundamentally at odds.

Bengaluru/Mumbai: Former Tata Trusts trustee Mehli Mistry has filed an affidavit before the Maharashtra charity commissioner, seeking clarification on alleged irregularities at an affiliate of Tata Trusts.He has accused his former Tata Trustees colleagues—including chairman Noel Tata—of appointing two vice chairmen, Vijay Singh and Venu Srinivasan, who, being non-Parsis, he claims should not have served on a Trust run by a principal Tata Trust.Mistry, who resigned from Tata Trusts in October last year, has asked the regulatory body to probe the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, one of the five trusts run by the Sir Ratan Tata Trust & Allied Trusts. Separately, Sir Dorabji Tata Trust & Allied Trusts run nine additional Trusts.Sir Dorabji Tata Trusts (SDTT) and Sir Ratan Tata Trusts (SRTT) own 27.98% and 23.56% of Tata Sons, the holding company of the Tata Group.