Hi nishith,
I have been in Infy for about 8 months and just before joining i was in the same delimma as u r in at present, but because the cat was scrapped last year i had lost the tempo by february and could score only around 93 so took up Infy. Will crack the CAT next year.
The shortest answer to ur first question is leave infy only for IIMs, ISB(not exactly for u as of now), XLRI, FMS, SPJain, MDI, IIFT(did i miss something?)
For the rest of ur questions I would say that Infy is not that great to start as a fresher as it used to be 10 years back, but certainly not as bad as other guys in the thread are portraying it to be. I think people with some experience in the IT industry should have learnt by now that bad-mouthing a company in which one has worked previously is considered highly unprofessional and is against corporate ethics.
I believe that it is a perfect place to make a start if u want to crack CAT with some experience under ur belt. See to earn money u have to work, in any job initially u have to burn ur heart. If u cannot compete with 30000 odd guys(80% of whom are not cat material) how can u imagine getting 99.99 in a competition with around 130000 guys??
All is cool here, the rules and regulations are not killing at all, in fact u can move around quite freely and play snooker or TT if u do ur job properly!
Don't worry, the training is quite good and since ur from a non IT background u will have 3&1/2 months 'long cycle' training, which should be suuficient to launch u into production. However get along with ur CS friends and try and learn the basics of C/C++, Java, Oracle, VB, Unix etc.
Cracking CAT with the job is very much possible if u have the determination to do, I mean lots of guys have done that in the past and I will do that next year, only thing is never lose ur focus.
And yes MBA is quite necessary given the breakneck competition in this field, it will act like a ladder in 'snakes and ladder' which will enrich u and propogate u up the corporate pyramid. U can be a manager through experience too, but that might take a lot of time.
Don't be unduly concerned about earning money now, of course at the end of the day all of us work for that, but as of now look for sound experience. Just have the right focus and know what u have to do to get there , money, fame etc. will follow.
Still for ur benefit i am putting up some facts about the salaries in various IT companies, do take a look...best of luck!
IT Companies-Where they Stand
Sr. No Company Names Employee Industry Business
Satisfaction Rating rating
Rating
1 ACCENTURE 88 96 96
TECHNOLOGIES
2 ORACLE INDIA 67 84 90
3 MICROSOFT INDIA 66 89 91
4 WIPRO 70 81 81
5 MINDTREE 96 85 87
6 SATYAM 72 79 79
7 TATA CONSULTANCY 82 89 88
SERVICES
8 PCS 79 75 76
9 INFOSYS 55.5 78 84
10 CAP GEMINI ERNST 88.5 97 97
& YOUNG
11 McKINSEY 90 91.2 96
12 SUN MICROSYSTEMS 84 88 85
INDIA
13 TEXAS INSTRUMENTS 88 92 94
14 SIEMENS INDIA 74 80 75
15 GE - INDIA 82 88 91
16 HCL TECHNOLOGIES 84 90 82.5
17 IBM- INDIA 79.9 92 91.5
This is worth a look.
Some Industry standard packages of reputed companies:
This list doesnt have contain names like Microsoft India, Oracle
India
etc because they suffer high attrition rates.
Average monthly wages

Average)
for IT professionals with 0-6 months experience 17k
for IT professional with 6-12 months experience 22k
for IT professional with 1-2 years experience 27k
for IT professional with 2-3 years experience 34k
for IT professional with 3-4 years experience 39k
for IT professional with 4-5 years experience 44k
for IT professional with 5-6 years experience 50k
for IT professional with 6+ years experience 53k+
Pay-Scale of Accenture India
for IT professionals with 0-6 months experience 24-27k
for IT professional with 6-12 months experience 28k
for IT professional with 1-2 years experience 34k
for IT professional with 2-3 years experience 40k
for IT professional with 3-4 years experience 45k
for IT professional with 4-5 years experience 48-50k
for IT professional with 5-6 years experience 55k
for IT professional with 6+ years experience 61k+
Pay-Scale of Cap Gemini Ernst Young
for IT professionals with 0-6 months experience 23k
for IT professional with 6-12 months experience 28k
for IT professional with 1-2 years experience 34k
for IT professional with 2-3 years experience 40k
for IT professional with 3-4 years experience 44k
for IT professional with 4-5 years experience 48k
for IT professional with 5-6 years experience 56k
for IT professional with 6+ years experience 61k+
Pay-Scale of Intel India
for IT professionals with 0-6 months experience 19k
for IT professional with 6-12 months experience 22k
for IT professional with 1-2 years experience 25k
for IT professional with 2-3 years experience 32k
for IT professional with 3-4 years experience 38k
for IT professional with 4-5 years experience 44k
for IT professional with 5-6 years experience 51k
for IT professional with 6+ years experience 55k+
Pay-Scale of IBM India
for IT professionals with 0-6 months experience 25k
for IT professional with 6-12 months experience 28k
for IT professional with 1-2 years experience 34k
for IT professional with 2-3 years experience 39k
for IT professional with 3-4 years experience 44k
for IT professional with 4-5 years experience 49k
for IT professional with 5-6 years experience 55k
for IT professional with 6+ years experience 58k+
Pay-Scale of I-Flex Solutions
for IT professionals with 0-6 months experience 19k
for IT professional with 6-12 months experience 21k
for IT professional with 1-2 years experience 24k
for IT professional with 2-3 years experience 30k
for IT professional with 3-4 years experience 36k
for IT professional with 4-5 years experience 44k
for IT professional with 5-6 years experience 48k
for IT professional with 6+ years experience 52k+
Pay-Scale of MindTree Consulting
for IT professionals with 0-6 months experience 22k
for IT professional with 6-12 months experience 28k
for IT professional with 1-2 years experience 33k
for IT professional with 2-3 years experience 38k
for IT professional with 3-4 years experience 44k
for IT professional with 4-5 years experience 49k
for IT professional with 5-6 years experience 53k
for IT professional with 6+ years experience 56k+
Pay-Scale of Wipro Technologies
for IT professionals with 0-6 months experience 17k
for IT professional with 6-12 months experience 18k
for IT professional with 1-2 years experience 23k
for IT professional with 2-3 years experience 28k
for IT professional with 3-4 years experience 32k
for IT professional with 4-5 years experience 39k
for IT professional with 5-6 years experience 45k
for IT professional with 6+ years experience 50k+
Pay-Scale of Infosys Technologies
for IT professionals with 0-6 months experience 15k (This time)
for IT professional with 6-12 months experience 15k
for IT professional with 1-2 years experience 17-18k
for IT professional with 2-3 years experience 21-23k
for IT professional with 3-4 years experience 25-27k
for IT professional with 4-5 years experience 38-42k
for IT professional with 5-6 years experience 47-52k
for IT professional with 6+ years experience 55k+
This data is genuine and has been taken from employee salary slips in their respective companies.
For those of you giving interviews, now you know what you can
negotiate for when are asked for expected salaries in interviews.