Salary Comparison 2017 MBA batch
Hi, One of my friends posted a job in our batch group but posted that 'this might be suitable for junior folks as salary is low'. Out of curiosity, I asked the salary in DM and the salary was more than what I was earning. So this puts me in a self degrading situation and hence I want to know the salary of fellow 2017 MBA grads. Please mention the college name if possible.
No hate but this is one of the worst things to do for one's mental peace, so many people will have FOMO because of this, including you.
I know people who stopped participating on Fishbowl because of this, with techies always asking about salaries, investments and what not.
If your salary is good enough for you, why worry about what others are earning, buddy.
I once heard a school senior speak on the topic "Why is his shirt whiter than mine?" for an extempore speech and I can't help but recall what they said - Be it anywhere, someone's shirt will always be whiter than yours. The question is, if your shirt is reasonably white and you and those close to you appreciate you while wearing it, does it matter what others are wearing?
SpicyApple
Stealth
a year ago
Need more such content here. Nowadays grapevine is filled with tax and salary show off (not exactly show off but couldn’t find a better word) which is very confusing for people who are starting out or in serious dilemma of what they want to do, seeing one factor majorly in this diverse pool of users would somehow nudge the decision making in one direction only, create a bias.
We can work on a feature that shows you less of the salary content if you don’t want to.
Some people really dig the salary talk. I feel like the community is split on this.
What do you think @SpicyApple and @KrackJack
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OnlinePotato
Stealth
a year ago
Can you please share your current role?
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People who are getting paid a bucketload - ahead of the compensation curve. You may be happy now, but its a curse.
You won't get a choice of appropriate roles as your career progresses. You won't back down and accept a pay cut for a great role with a big runway.
Folks who are growing their compensation with the curve - your career is a set of multiple S shaped upswings. It's not linear, including for compensation. An optimal salary gets you to pick and choose the S curves that'll take you higher.
Most under-rated comment on this post. Struggling with this firsthand, and almost regret joining MBB because of this (apart from all the other reasons :P). In addition to limited choices due to comp, there's another issue with high comp - it always comes with higher work, higher hours (no free lunch), and hence you basically skip the entire "fun 20s" age as you were 5x more stressed and had 1/5x the free time vs. your peers at all times, on average.
KidKonsultant
Student
a year ago
Hey mate do you have any idea if Bain offers summer internships for undergrads? I'm from a tier 1.5 private college, hoping to get into MBB for the learning and network.
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NaivePoint62
Stealth
a year ago
My salary is 42LPA
College : IIM Lucknow
GyaanExpert
Stealth
a year ago
That's a good salary, but I'm curious about the role your friend mentioned how much was the CTC and what was the role and company? If you can share
NaivePoint62
Stealth
a year ago
Role was business head, CTC : 50LPA
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nothing
Stealth
a year ago
tier 1 mba and 6 years of work ex should atleast make 60lpa right ?
Salary comparison will make you nuts. That’s the worst thing to do, and might give you mental breakdown. I passed from one of top 15 Bschools in India. My last drawn salary was lower than 50LPA(Fixed). With ESOPs also I didn’t cross 1 Cr. Wherein some of my batchmates are making upwards of 2 Cr plus. But again, some batchmates are making lower than me.
For making money, you don’t need just salary but dedicatedly doing asset allocation and sound investments and controlling your outflow.
Also, you need to be at the right place at the right time to get good pay check.
Can you help me understand what sort of roles we could pursue to have a base 35 LPA early on the career(approx 3-4 years of experience)
IB and Management Consulting would be the roles which could help you with that base early in your career. Others would be shifting to Strategy roles at Startup after spending 2-3 years in Ivy League Management Consulting firms. All other functions and roles would have very less chances of offering you that base within the first 3-4 years after MBA.
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23L ( 18 Fixed + 5 Stocks )
Tier 2 college in Tier 2 city
Living a happy life ☺️
GyaanExpert
Stealth
a year ago
You should start with your salary?
BiryaniEnthu
Stealth
a year ago
+1
We don't want to be degraded further
NaivePoint62
Stealth
a year ago
Fair point. I posted my salary
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Not 2017 batch but from 2019 batch. Still adding the details as this may help people in negotiating better in their future/ current jobs - 42 LPA ( TISS Mumbai - HR 2019).
Itachi777
Stealth
a year ago
Wow. Which domain do u work in?
Earlier was into HR Business Partnering. Currently into Talent Acquisition.
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40LPA, 4.8 YOE, tier 3 MBA 2019 batch. Switching for the second time soon.
Extremely grateful and content. Not a day goes by when I don’t thank god and my stars.
NoisyGuy53
Stealth
a year ago
What domain is your compa y in?
What is your role? Product. Sales or something else
It’s Heath and life sciences consulting company. Also has a tech vertical focused on creating niche products for the industry. I’m a Product manager for one of their products.
Wagewala
Stealth
a year ago
It is not the battle you want to win. I am from tier 1 Bschool, 2018 batch , I know some of batchmates who are in this game and are totally miserable .
- They changed jobs often for higher packages
- Work during weekends
- Health has degraded, become obese, etc.
Is this a trigger post ? Haven't people got enough insecurities and sadness to feel miserable already?
So many iim people here I just always wished one day iim for myself too!
UpbeatBelt62
Stealth
a year ago
It doesnt mean a fig. Sure for your confidence, but uske alawa it is a stupid deal. Business school jaana hai toh do ISB or Abroad, both are easier.
Hi, thanks for the statement but any reasons why not iims but I have my priority towards like fms, jbims or spjimr or srcc not particularly iims.
@NaivePoint62 you mentioned your current ctc and the posted one ctc and job role and what role are you currently in by the way? Maybe you can switch to the posted one role
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