[Shefali_Mehta]

Hi Guys,

This is Shefali, an MBA student - NY Stern School of Business. Well, I am specializing in Finance and want to work in India. So, wanted to get the idea on Indian Salary levels in few companies of my choice. Please share your views so that I can get clear idea and can decide well !!

I am looking to work for BCG, JP Morgan or Goldman in India (Consulting or I-Banking division). Can someone share the idea on this?

I did Bachelors from Clemson University, here in USA and have worked for 2 years in General Mills as an Engineer.

I appreciate your help.

Regards,
- Shefali Mehta.

[subodh_iit]

I am not sure about the Consultancy divisions but in the I-Banking division the salaries for entry level associates from top B-Schools can range from 25-35 lakhs per annum. I will suggest u stay in US for a while b4 comin to India. That will let you beg a better deal.

[Psychodementia]

McKinsey offers 14lpa. That sort of sets the standards for consulting in India. This is ofcourse at entry level. Expect BCG or Bain to pay in the same level.

I have no clue about IB.

Arun

[BaBu]

I changed my signature but my earlier signature said:

Heaven is when you have american salary, chinese food, british house and Indian wife

Hell is when you have american wife, Chinese house, british food and indian salary !??:

[subodh_iit]

It was a good signature. Did not understand the bit abt Chinese food and British house though, What is so special abt them.

[Shefali_Mehta]

Hi Guys,

Thanks for the reply.

Well, 14 Lac. pa in India still sounds a good amount. (Hope all Bonus and other deductions doesnt lower it to about 8-9 Lac. pa !!). And I am sure, they must be having 2 year career progression !!

Well, however, those I-Banking salaries looks tooo lucrative to believe. 25-30 Lac. pa. in India ???? for Entry Level Associate ??? Are they correct ???

In US, person at her/his 26-27 years, can get into entry level Associate at heafty salary too. So, I presume, Indian I-Banking associate also get into it at 26-27 years !! And, at 26-27, earning 25-30 Lac. pa. in India is a great one !!

Hmmm, sounds great !! Well, good to look into it and compare I-Banking v/s Consulting career in India. Consulting, however, should give more career options later.

Anyways, guys, please, you have any updates or new information, please post here !!

Thanks !!

- Shefali Mehta, NYU (Stern), Class of 2007

[akhil]

25-30 lakhs p.a for entry level position?? No

I am working in Kotak Investment banking as second year analyst. Entry level salaries for Analyst positions will 4-6 lakh p.a (Freshers). With some experience, 6-8 lakhs.

For associate positions- 8-12 lakhs

For Assistant Vice president (AVP)- 12-25 lakhs

For VP- 25- no Limit !

This exclude bonus but bonus in most of the cases is 20-35% of annual package. It can be more provided you know how to work 28 hours out of 24 hours !

Shefali, i will strongly advise you to work in some wall street firm before thinking to work in India. At entry level, you are not bringing much skills to table and hence you cant negotitate the package. At higher level, you can do premium negotiation.

Yesterday, i was discussing this same topic with my office friend who is MBA finance from manchester business school. The ROI in this case is absurd as he spended fees in pounds and currently earning in rupees (Entry level position)

Shefali, keep an eye on KPO too. You can get in as Project manager/Transition expert with some relevant experience.

For consulting, 14 lakh package with Mckinsey is right . My friend , MBA from NUS singapore with 2 years of experience have got into Bain India at 12 lakhs p.a.

[warrior]

Originally Posted by Shefali_Mehta

Hi Guys,

This is Shefali, an MBA student - NY Stern School of Business. Well, I am specializing in Finance and want to work in India. So, wanted to get the idea on Indian Salary levels in few companies of my choice. Please share your views so that I can get clear idea and can decide well !!

I am looking to work for BCG, JP Morgan or Goldman in India (Consulting or I-Banking division). Can someone share the idea on this?

I did Bachelors from Clemson University, here in USA and have worked for 2 years in General Mills as an Engineer.

I appreciate your help.

Regards,
- Shefali Mehta.

shefali my advice is don't come to india. whatever the salary is the work is shit. they employ indians to clean their shit

rest its upon u

[BaBu]

shefali my advice is don't come to india. whatever the salary is the work is shit. they employ indians to clean their shit

rest its upon u

Kya huya brother? Work every where is same. What ever we earn in India is good considering our standard of living.

The real problem is that our cities are not world class. Hence, we dont enjoy our life in our cities mainly due to infrastructure issues.

[blitz_kt]

most of the companies set-up offices here more for back office work and work definitely can't be equated with the work done outside in international markets...

I am saying all this based on the accounts of my frnds who are employed in various companies....

and as far as starting salaries go... I think 25-26 lakh is too much at entry level.... no matter which coll u belong to, you shudn't expect this salary at entry level and that too for most back office work... !!

correct me if I am wrong...