An article in the economic times gave the following data that was some food for thought.
Average starting salary for,
IITian in India = Rs. 2.4 lacs pa
IIMite in India = Rs. 6 lacs pa
IITian in the US = $40k pa
Engg. PhD = $60-70k pa
Finance PhD = $140k pa
Of course the IT field is an exception and salaries there may not fall under this categorization and remember, this is just an average