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I understand, but lets say for consulting which is 30% of placements. What is the average salary as a % of CTC? I assume it should be 70% atleast.
CTC is a rubbish invention of manupulative Indian companies. There is no established framework to calculate CTC and it varies significantly company to company.
Hello puys,
I've been accepted into ISB in R2 and I'm going over the placement stats for batch of 2012.
The 80% mean (Cost to company) CTC is Rs 18.83 lakhs. I want to ask anyone with knowledge about this or ISB current or former students, what percentage of this figure is real salary? I know that CTC can be used by companies to hide many things like cost of training etc.
Please note: I'm not asking for an after tax figure (or in-hand, as its called). Tax, like death, is unescapable. 😃
Please note: I'm not asking for an after tax figure (or in-hand, as its called). Tax, like death, is unescapable. 😃
Please help!
thanks,
Indigo
