Hi Guys,I have a few concerns before saying a final yes to this programme.. Please advise with your suggestions:1. Value of Degree of NIIT university out side ICICI2. As per my conversation with HR, The loan period will be for 5 years after MBA and we cannot prepay the loan (so the total lock in period become 7 years (2+5), this was confirmed by HR...3. Most of the profile that are offered are purely sales based profile including life insurance with high targets (Confirmed from candidates from previous batches and employess from ICICI).4. Break up of CTC - HR told me that In -hand after deducting the EMI of around 9500, TDS and other things would be around 70 k....(Is this true), guys pls advise...... 5. Place of posting and profile (Not clear at all- We also need to consider the cost of living with or without families in cities other than our home town).6. No increment and promotion for the the initial 3 years..7. We have to submit all our original documents to the bank as a security for the next 7 years.8. Work culture at ICICI- which is not very good.Guys, Pls help with your suggestions as i am not sure to say yes to this programme.Best Regards and no offense to anyone.
1. It is Approved by Govt of Rajasthan. Yes U can't compare with IIM's, still I feel the kind of exposure u will get during Intern/Job will be tremendous.
2. You can Pre pay remaining amount after 3 years on Job. So in short Bond period is only for 3 years.
3. Can you plz gave the details of Sr Batch candidates so that I can talk to him. I totally disagree. Insurance will be entirely diff company of ICICI Group. We will be posted in CBG/Risk/IT where no sales is required.
4. 1 Yr NISM program guys were getting 83k inhand (12.5 mentioned + 1.2L HRA for Tier 1 City). So pl be bit logical as we will be getting more than 15L
5. Posting will be decided by HR / Business head depends on demand & supply at the time of your joining. However Profile depends on your Past Exp/Grades during Term 1 & Personaliy Test.
6. We will be eveluated every year & u can expect appraisal in the month of march.
7. Yes we have to submit all original docs for 5 years ( 2 yrs MBA Program + 3 Yrs Job) not 7 years. Pl be sure that they keep your doc very safely ;)
8. Culture is good as we will be posted in corporate section. Life in Retail is entirely diff.
I tried to ans at my best. still if you have any ques then let me know.