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Originally Posted by LEgator
hey seniors...i have a few queries...1)Will we be getting single rooms in the hostel?2)Is it true that we get a 1 month vacation in dec....what do we do for 1 month??3)When does the process for summer placements starts4)I know its too early for this...but still out of curuosity...like for the average package which this year is arnd 14 lacks...how much in hand per month can a person getting 14 lack can expect...just an idea...i.e. will it be arnd 60-70k, 70-80k or > 80k
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Yes, you do get a month off in Dec. It is completely on your discretion how you spend those two months. Some people prefer to do internship, some prefer to take up certifications. However, the majority prefer to relax and have fun! :happy: After slogging out day and night in the first sem, not many want to slog for another month.
As for me, my winter holidays were perhaps the best one month for me during my stay at IIT. Firstly, I was involved in the organization of PAN-IIT 2006 which was held in Dec 2006. PAN-IIT is a Global IIT Alumni meet held every year. It was attended by more than 5000 IIT alumni. Many SOM students were very fortunate to work for the organization of an event of this scale.
Secondly, I did an internship of Corporate Strategy with M&M. The project was a great learning experience for me as I directly worked with the executive assistant to Anand Mahindra and the VP of Corporate Affairs in Mahindra.
Hence, there are lots of things to do! Its you who has to explore!
About the salary, the company which I would be joining has no variable component of the salary. However, some companies, like Sales profiles, tie up the salary with your Sales targets. In such companies, your variable component can be as high as 50% of your salary. Hence, it all depends on the company pay structure, your performance, your investments etc. The in hand salary can vary hugely based on these factors.
Cheers
Ramesh