Reality of 1 Crore Salary at IIM MBA/IIT🤯 (In hand salary vs CTC) Explained by Ex- BCG, ISB MBA
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- Опубліковано 29 вер 2024
- Full Video- • Reality of 40 lakh Sal...
Have you seen the 1 Crore package for IIT in newspapers' headlines? Or do you want to know the reality of the in-hand salary of 40 lakh CTC offered in IIM/ISB?
I have shared a step-by-step breakup of CTC offered in India and what is % in the hand of offered CTCs!
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• The reality of a 32 la...
• Reality of 1Crore Pack...
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Have you ever heard that students from top institutions in this country are getting packages worth 1 crore? Or have you ever wondered why you are just earning 6-8 lakhs, but IIM/ISB/IIT students are earning 45-50 lakhs?
As a former BCG consultant and an advisor for the Tony Blair Institute, I can share the reality behind these packages. Taking into account my experiences, we will uncover the truth about the inflated CTC packages, their break up and the actual in-hand salary.
Culture of Inflated CTC
Let us begin by laying the foundation that these are not false CTC reports by organisations and MBA schools.
The companies do incur some costs beyond the in-hand salary that you get. This could be in the form of insurance, travel or other assets they provide to you. Thus, it is beneficial for the employer to inflate the CTC to attract higher quality talent towards them.
Similarly, it is beneficial for the B-schools to stay in tune with these high CTC packages to attract a better pool of students. For the same reason, individuals prefer to not share their actual in-hand salaries.
Components of CTC
2.1 Joining and Annual Bonus
At BCG, we were given an annual bonus based on our and the firm's performance. Similarly, you will get a joining bonus as well.
Back in 2019, after completing my MBA from ISB, I was given a CTC of 33 Lakhs. Out of this, 2 Lakhs was just by joining bonus.
2.2 ESOPs and Allowances
ESOPs are particularly prevalent in start-ups. Though, it will diminish the in-hand salary that you will get from the firm. ESOPs get encashed when you stay with the company for a long period of time.
It is basically a retention strategy followed by the employer so that you stay with the firm for a longer period of time.
2.3 Taxation
If you are employed at leading firms such as Amazon, BCG or McKinsey, you will fall into the 30% bracket in India. This too will diminish your in-hand salary.
However, due to the lack of taxes in Dubai, I saved a lot of my in-hand salary.
In-hand Salary of CTC
I shall begin by quoting some statistics here. If you join any organisation, 20-40% of your CTC will get eaten up by the 3 components we discussed above.
Now for the anecdote, when I joined BCG in 2019, I was given 1.5 Lakhs per month or 18 Lakhs per annum. This, of course, does not include my joining and annual bonus.
On a serious note, 100X your chances to get into management consulting; employment support; personalized mentorship from MBB mentors at GGI Impact Fellowship- www.globalgovernanceinitiative.org/impact-fellowship
Pls tell us about your post graduate journey, like what did you do?
What was your MBA college fees?
that andaaz apna apna clip was unexpected 😂😂😂😂
Yeah! That was awesome!
1.5 lakh/month chillar hota hai kya 🙂🙂
@@imsk07Maine kaha kya Aisa ek bhi jagah :) ya apka dimag jyada chal rha h
@@cooldragoncool3046 wo clip me chillar bola hai na isliye, tujhe thodi kaha 🙃
Lies again? Apex Predator Must Be Professional
Superb. Thanks for sharing this. I am from a manufacting background and have always wondered why the ladies in IT who's profiles I receive for marriage earn more than me 😂. If I sit and apply this logic then my salary is 2x. Canteen, Transport, Uniform and Washing, Insurance, Mobile expenses, Heakth check-up nothing is a part of CTC! 😮
Thanks for mentioning the difference between CTC and salary..
Such honest and to the point topic coverage
It's scam for us who is going to pursue in iim, more than this i can make in my business, but iim guve u lots of knowledge, so i can expand at pan india 🇮🇳 respect for make us knowledgeable no for salary❤❤
I'm still processing the calculation of all the CTC and per month salary she mentioned the only thing i heard very clearly is 1.5 lakh per month...mera annual ka bhi unke Per annum se Kam hai... (Crying in the corner of the room)
Shatakshi : 60 - 80% Base pay
Microsoft and Google India laughing in the corner 🤣
Hey guys if you are looking out for upgraded version once check out I think they are good
Me still searching how to earn money in online
RBI grade b ki CTC 28 lakhs h
Aur in hands 19lakhs per annum
nahi 1,26 milta hai month ka
Hahaha ye toh chillar hai 😂
1.5 lakh is good salary in hand 😢😢 26 lpa ctc with 12 lpa base salary 😅
It's will be 18 lpa Base salary bro
@@starkgaming2878 salary is good
@@singh_abhijeet14pwhat's your in hand
@@not_lahariff316 5 russian
@@singh_abhijeet14p but your base salary is 12 lpa
17000 monthly i was thinking i am the king of the world 😢😢
😂😂😂😂 us Bhai us
Ye to uk me job karti hai na bhai sayad 🤔
😢😢
@@devendradewangan4409na i mean video pe likha hai bcg India CTC vs in hand. Waise mostly high paying jobs uk usa etc country ke he hote hai even if you work from Bangalore office or Mumbai or Pune uske according salary. Usa uk gaye to uske according salary.
you are still a king. Don’t worry you’ll grow. I too started with 17k
now at 267k after 8 years
And here I'm getting 1.2L/month as govt Dr in Class-2 post thinking about givng GMAT/CAT. I think I should abandon this idea..
Sabbas
Jo milrha hai ussae khush rho bhai...wrna dusra ko dkhne jaoge toh kabhi santush ni rh paoge ..if ur expenses n cost of living is getting masked up by us salary along with decent savings ..thats all u need ...
lol...why? ur job is safe and secure.
Kya joke mar rahe Bhai, govt job with such money. Chhodne ki bat bhi mat sochna
Stay there itself
1.5 Lac is good salary but we have to consider ISB fees also, which is around 40-45 lac, including stay and food expenses, so if we consider that one will give 50% of the salary to vanish loan which is 75K than also it will take 4.5 years. But saving 50% for loan is also a question mark.
not considering hike in salary and also interest on loan amount.
Doesn't matter for those rich kids whose father has a government job😏
@@EnggMak how a government employee can afford 65 lakh ISB
@@singh_abhijeet14p black money bro. I have practically seen many such people around me
@@EnggMaknot anymore
@@EnggMakare ye wala sasta Nasha mujhe bhi chahiye 😅
All coaching institutes are bringing more and more compitition and now its gmat time 😭
Too many students giving CAT exam this year. Cut off is going to be off the charts.
Hahahaha last clip 😂😂 your sense of humour is very very good shatakshi
that's editor
33 CTC and 1.5 lpa/month i.e. 18 LPA per Annum! Means 45% of CTC you were giving tax??? Really???
part of it was also joining bonus and performance bonus
Excluding relocation cost , yearly bonus or HRA and other stuff i guess …its just the hard cash component
No
Not only tax but it includes other perks also
Always breaks ur CTC into 75:25 ratio
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On a totally related note, 100X your chances to get into Management Consulting, Product Management, and Public Policy here at GGI Impact Fellowship-
How much bonus did you got at the end of year.. ?
I mean you got 18 lacks on monthly basis
Out of other 15 lacks how much did you got??
Mujhe laga BCG ek vaccine hai?😢
Clip was totally unexpected😂
But by the calculation ur salary was eaten more than 45 %..
The tax system is a sad truth that we have to live in. I have a question that the bonus that you got at the end of the year was it taxed too ?
@@varshavora9935 You need to think out of the box
@@awesomer747 what out of the box ? who is gonna develop the country without tax? You🙄? without giving tax .. with the tax money u will have , build infra , Tec. etc 🤣🙌🤣 out of the box.. now don't tell me ki Politicians corrupt hai etc..
@@ankitchandola3511 Bro tu shant bet, tu Pubg khelta hai 😂
@@awesomer747 nice.. Bolne ko kuch hai nhi to pubg khelta hai.... Pubg khel kr Terese jyada pdha likha hu 🤣🤣🤣🤣nalle berojgar
@@awesomer747 tere khandan ki income se jyada tax bhrte hain bhai.. pubg 🤣🤣🤣 out of the box 🤣🤣
Iim ahemdabad is a best collage in india and one of the prestigious collage in india
Bhaiya one question please
If we are doing btech in CSE with specialization in AI
Then we are eligible for getting mtech in cse by giving Gate exam ? 🤔
Please baatdo bhot tension horahai 😔😔
Haan babu,but kodhish kro btech k 4 sal sirf coding kro,gate k liye 2 nd years start kr do,par k9shish kdna btech se hi job mil Jaye,aur mil bhi jayega,so relax
BAAT TO SHI H IITs me bas dikhte hai but real is like chillar
and on that 1.5 lakh living expenses medical expenses and miscellaneous expenses what remains with u its all Maya Dhoka of life 😢 even though I earn 2 lakes per month after cutting all my expenses hardly 50000 is only I can save
How on earth are you spending 1.5 lacs per month? Do you have huge loan instalments to pay?
@@akritiprasad4188maybe they're living in Banglore or Mumbai . Living expenses are quite high there
@@bhavya8037 oh yeah
Bruhhh, 50k is a lot to save every month...stop being bothered 😭😭
Hello, I am planning to try for ISB but a little worried about its placements..currently I earn almost 1 lakh a month and is Mtech from IIT with 4yrs exp plz help me understand why ISB could be a beter option ?
I don't think you should go for iim interms of money
1.5 lakh on monthly basis, its too low to start with, shatakshi 😂
That's ma boy..✅
Me watching it with 4LPA after 3 years exp 🤡
Hello, i enjoyed your content! It's concise and precise to the point with added flavour of sense of humour.. ✍️
it's like most probably the then RBI GRADE B salary
Iss chilar par toh 4-5 family apna 1year nikal sakti hai. Saale sab bade company ke chamche owner se lekar employee tak sab kitna bhi kamaye man nahi bartha Inka.
nice 👍👍👍 and that great painting was done by Paul Klee
Sorry mam I disagree upon this mine is only 14% deduction. Not in every company is same.
Akka is it true,, 33 lpa ...in hand 1.5 lakhs aa😮😮😢
Didi i want to study in iim but i have 67 in 10th and 12th in 64 and currently in engineering please help me out i meant suggest some startegy or tips to boost my resume for iim
Any result?
@@YSTNNN777 i not appiled but someone with this type of profile got some baby iims
Try for new/baby IIMs
You won't get into BLACKI IIMs with this profile
@@Ms21701cat to de pahle
Isb fees 👀
40lac +😂
It is one year MBA and you start earning after one year. IIM takes two years and one year work opportunity, so it's more or less same
How many years you have worked in BCG?
bonus leke usse count nhi krna is doglapan behen😂
at the end of the day all the comes in hand only its just its cycle is different some are monthly, some are yearly
Invest in life insurance
plzz Can u tell What is ur Annual bonus at the end of year ..plzz 🙏🙏
"Interstellar" theme as the background score = respect from me. maybe you like to think a lot.
How much did you get as bonus?
"I have reviewed a wide range of channels focused on MBA, and I must say that Your explanations were not only thorough but also highly insightful, offering valuable clarity on the subject. I sincerely appreciate the time and effort you’ve put into presenting this information. It will undoubtedly serve as a tremendous resource for many aspiring candidates. Thank you once again for your excellent guidance ❤."
Is indian inflation rise 📈 to 1000% or The salary currency 💵 is in Russian Rubel. 1.5 lakh/month = 18 Lakh in Year means 30% of the total income is Tax in India. I am not an Ex IIM or IIT but I know the Current Indian Tax Slab. Very hopeless and Low IQ video.
rip for google employes who's ctc is 64 lpa and in hand is 1.3 L/ per month
You forgot to say the 30% tax😂😂 will have to pay to govt. So, 1.5×12 = 18lpa, and 30% of 18 lakh is 540000 so 1260000 ie no 1 lakh 5000 rupees only. That's why most mba after few years of job prefer UPSC😂
Tax deduction happen from Gross Payment and not Net Payment(in hand)
No. Tax is deducted from.total income, which is CTC
@@Spearmanaj I think tax is deducted from basic pay not on CTC..
@@NickMaverick4she told her salary after taxes
Bro, MBA grad ki growth bhi toh hoti hai..on performance basis and if you switch companies..
Ekdum correct calculation.....even when one reach beyond that like 40 or 50 the in hand still add like 30 or 40k....😅😅😅thanks to our tax system...
Itna saara paisa kama rahe ho madam 1.5 lakh. Govt mai toh kam milta hai
What about sleep and stress? Work life balance is a big problem. Do you have any idea how many hours she had to work in a day? Subha se raat ke 11 baje tak kam karna parta.
exam mai b yahe likdegaa mai tho ,udar itnaaa ,edar itnaaa😆😆😆
Tax system in our country is biggest scam govt run ! they don't charge tax billoneries they charge normal public our salaries get taxed, after salaries groceries tax /gst /fuel /rent / vehicle 🚗 maintenance bill's taxes, food we eat swiggy zomato taxes bai kuj ni save hota ! L govt hai
1.5 lakh/month chillar hota hai kya 🙂🙂
Ha 33L package consider Kiya to chillar hi hai
@@aloof25 phir bhi chillar to nahi hai, 1 crore ke samne chillar hai
@@imsk07 Abe 33L ka direct package calculation se gaya to around 3L aata hai per month . Which compared to 1.5 L is drastically less. akal ke paidal hai kya ?
@@aloof25 Abe 50% less kabhi bhi chillar nahi hota be
@@imsk07 Abe tu thoda sa bkl hai kya?? 33L ke package ke liye 1.5in hand Kam hi hai bohot. Logo ka 24vagere ka package lagne ke bad bhi utna aata hai in hand unke liye thik hai . But 40L ka bhi package Raha tobhi hardly 1.5/1.6 aatahai in hand which is not at all good
ma'am which branch you got in iit B
Not an iitian from DU
Bruh she said ISB
Hello can u plz help me im doing MBA in iim .
Chillar ? Is me to me daily mutton biryani and paneer pulao kha lu
All consulting firm are ripping off Indians. Not even close to US & Europe peers salaries. 4-5 times less. Tech is better where parity is only ½ or Max 3 times
Utna hi kaffi h
Ahh i need to clear the cut off 😭let me not waste time
100 days left.
Have u cleared 😊
@@PradeepKumar-tq4ev yes ☺️by gods grace.
I just couldnt understand the reason for intesteller music in the background.. yo made this video for motivation ri8?
What are the allowances mam please 🙏🏻 explain this term in detail . I have no knowledge about what are the allowances of company provides their employees ❤❤❤love from UP
How to negotiate the right alaary at MBB if I am from the top IIMs
Hey I just have a quick question. Is a good gmat score required to crack into management consulting?
Lakshay simping on right wali bhai😅
Living with 150k usd salary and paying 40 percent on taxes and 30 percent on rent and living on 30 percent that is the real pro life 😂
What we can do in such cases ? Like I'm working on a startup something related to this issue need some guidance ,
How can I connect with you mam , looking forward for the same
I'm getting in hand salary of 1.2 lakh per month (including bonus) in PSU. I'm 27 years old. Should I go for MBA?
Omg wow what is your qualification?🌝 Pls tell me it will help my career.
So basically suppose you get 50 lakh package in iit or iim , you will get around 37lakh in hand , means around 2.9 lakh in hand.
And Assuming no bonus component ,
I know local shop keepers earning 3L per month
@@bear7313 shop keepers earn max to max 80k-1 lakh , my father has a super storr
@@Kashurrr17 their is a supermarket near my home, the owner has BMW 5 series
@@bear7313 there is big diffrence between shop keepers and super market , and also my cousin sells credit cards , he also has a bmw m340i
@@Kashurrr17 bro mera area ke ak shop keeper ne recently ek new house purchase Kiya hai or uske niche ek or new shop open kardi😂 socho kitna kamata hoga Banda uper se full paise kharach karna walo main se hai tumhari information incorrect hai ye leke ki koi kitna kamata hoga
Ma'am can be a poor student gets 100% scholarship in IIM???
How much was the bonus?
Or hum 10k ko bohit maan lete h😢
Bhai 2 saal ke mba ke liye kitna hussle karna padta wo yehi log jaante hain .... studying rigorously at the age when everyone is earning and chilling, clubbing and you are sitting in Library and studying ......aise hi nhi milta bro ...kaffi mehnat laagti
@@akashdeep5088sahi baat mene mba finance ki aur muje 40thousand milta mai aise hi khush hora😅
but can't you save taxes and get refund?
nah it's unfortunately rare
In 2 months i got 7 offer letters with 10 rejection as well, total interviews 18 ,one I didn’t go for second round
18 lakh in hand wow or kitne chahiye
isb ki fees 37 lakh hai one year ki
What is this in hand?? At the end of year any person will get to total CTC amount or not????
1.5L is Chilaar 👏
Apka Starting point hamara ending line hai
Kabhi hfts ka naam sune ho aap
:) ye to chillar hai muze dedo chillar
I have observe more the CTC is more is eaten away... and less CTC less is eaten
1.50 is chillar for you? The outro was weird
Wonfer where the remaining co.ponenrt went, perhaps stocks were left unaccounted for.
1.5 lakh per month ko chillar bol rhi hai madam....
Tell people something they don't know.
Who told you my salary at the end 😡
Esop is good and can be considered as In hand
Absolutely brilliant video
What was the bonus in 33LPA that adds to the inhand salary
The reality is also tempting 😂
And, here I am with 5.5 and my employer thinks that they are paying me 55 lpa.😂😂
5 lakh per month ? 😮 Really
Year @@Toughefff
Don’t pay that much tax hire a CA
Stocks kidhr gaye
Very less salary
hamara bajaj
Nice video yaar
And how much bonus you received in that year
EMBA??
Dhoka