Reality of 1 Crore Salary at IIM MBA/IIT🤯 (In hand salary vs CTC) Explained by Ex- BCG, ISB MBA

Full Video- • Reality of 40 lakh Sal...
Have you seen the 1 Crore package for IIT in newspapers' headlines? Or do you want to know the reality of the in-hand salary of 40 lakh CTC offered in IIM/ISB?
I have shared a step-by-step breakup of CTC offered in India and what is % in the hand of offered CTCs!
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Shatakshi is Co-CEO of 🚩Global Governance Initiative (MBA program recently featured by Poets & Quants), an Ex- 🚩Boston Consulting Group, BCG, management consultant, a 🚩writer, and former public policy advisor in 🚩Tony Blair Institute for the Middle East region.
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• The reality of a 32 la...
• Reality of 1Crore Pack...
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Have you ever heard that students from top institutions in this country are getting packages worth 1 crore? Or have you ever wondered why you are just earning 6-8 lakhs, but IIM/ISB/IIT students are earning 45-50 lakhs?
As a former BCG consultant and an advisor for the Tony Blair Institute, I can share the reality behind these packages. Taking into account my experiences, we will uncover the truth about the inflated CTC packages, their break up and the actual in-hand salary.
Culture of Inflated CTC
Let us begin by laying the foundation that these are not false CTC reports by organisations and MBA schools.
The companies do incur some costs beyond the in-hand salary that you get. This could be in the form of insurance, travel or other assets they provide to you. Thus, it is beneficial for the employer to inflate the CTC to attract higher quality talent towards them.
Similarly, it is beneficial for the B-schools to stay in tune with these high CTC packages to attract a better pool of students. For the same reason, individuals prefer to not share their actual in-hand salaries.
Components of CTC
2.1 Joining and Annual Bonus
At BCG, we were given an annual bonus based on our and the firm's performance. Similarly, you will get a joining bonus as well.
Back in 2019, after completing my MBA from ISB, I was given a CTC of 33 Lakhs. Out of this, 2 Lakhs was just by joining bonus.
2.2 ESOPs and Allowances
ESOPs are particularly prevalent in start-ups. Though, it will diminish the in-hand salary that you will get from the firm. ESOPs get encashed when you stay with the company for a long period of time.
It is basically a retention strategy followed by the employer so that you stay with the firm for a longer period of time.
2.3 Taxation
If you are employed at leading firms such as Amazon, BCG or McKinsey, you will fall into the 30% bracket in India. This too will diminish your in-hand salary.
However, due to the lack of taxes in Dubai, I saved a lot of my in-hand salary.
In-hand Salary of CTC
I shall begin by quoting some statistics here. If you join any organisation, 20-40% of your CTC will get eaten up by the 3 components we discussed above.
Now for the anecdote, when I joined BCG in 2019, I was given 1.5 Lakhs per month or 18 Lakhs per annum. This, of course, does not include my joining and annual bonus.

[@Shatakshi.Sharma]

On a serious note, 100X your chances to get into management consulting; employment support; personalized mentorship from MBB mentors at GGI Impact Fellowship- www.globalgovernanceinitiative.org/impact-fellowship

[@cooldragoncool3046]

that andaaz apna apna clip was unexpected 😂😂😂😂

[@archviator]

Yeah! That was awesome!

[@imsk07]

1.5 lakh/month chillar hota hai kya 🙂🙂

[@cooldragoncool3046]

​@@imsk07Maine kaha kya Aisa ek bhi jagah :) ya apka dimag jyada chal rha h

[@imsk07]

@@cooldragoncool3046 wo clip me chillar bola hai na isliye, tujhe thodi kaha 🙃

[@singh_abhijeet14p]

1.5 lakh is good salary in hand 😢😢 26 lpa ctc with 12 lpa base salary 😅

[@starkgaming2878]

It's will be 18 lpa Base salary bro

[@singh_abhijeet14p]

@@starkgaming2878 salary is good

[@not_lahariff316]

​@@singh_abhijeet14pwhat's your in hand

[@singh_abhijeet14p]

@@not_lahariff316 5 russian

[@not_lahariff316]

@@singh_abhijeet14p but your base salary is 12 lpa

[@mindbiceps]

1.5 Lac is good salary but we have to consider ISB fees also, which is around 40-45 lac, including stay and food expenses, so if we consider that one will give 50% of the salary to vanish loan which is 75K than also it will take 4.5 years. But saving 50% for loan is also a question mark. not considering hike in salary and also interest on loan amount.

[@EnggMak]

Doesn't matter for those rich kids whose father has a government job😏

[@singh_abhijeet14p]

@@EnggMak how a government employee can afford 65 lakh ISB

[@EnggMak]

@@singh_abhijeet14p black money bro. I have practically seen many such people around me

[@SalmanKhan-ns5js]

​@@EnggMaknot anymore

[@ommprakash1177]

​@@EnggMakare ye wala sasta Nasha mujhe bhi chahiye 😅

[@shivamkanhurkar6573]

17000 monthly i was thinking i am the king of the world 😢😢

[@laddusingh6854]

😂😂😂😂 us Bhai us

[@devendradewangan4409]

Ye to uk me job karti hai na bhai sayad 🤔

[@imsk07]

😢😢

[@shivamkanhurkar6573]

​@@devendradewangan4409na i mean video pe likha hai bcg India CTC vs in hand. Waise mostly high paying jobs uk usa etc country ke he hote hai even if you work from Bangalore office or Mumbai or Pune uske according salary. Usa uk gaye to uske according salary.

[@Abhishek-wk6bn]

you are still a king. Don’t worry you’ll grow. I too started with 17k now at 267k after 8 years

[@piyushsumera1433]

And here I'm getting 1.2L/month as govt Dr in Class-2 post thinking about givng GMAT/CAT. I think I should abandon this idea..

[@adityasahani9056]

Sabbas

[@pkhatoon9236]

Jo milrha hai ussae khush rho bhai...wrna dusra ko dkhne jaoge toh kabhi santush ni rh paoge ..if ur expenses n cost of living is getting masked up by us salary along with decent savings ..thats all u need ...

[@yashwanthnm7755]

lol...why? ur job is safe and secure.

[@MrAmitkr007]

Kya joke mar rahe Bhai, govt job with such money. Chhodne ki bat bhi mat sochna

[@GayathriMangalanathan]

Stay there itself

[@huh..4591]

All coaching institutes are bringing more and more compitition and now its gmat time 😭

[@rishibajari]

Too many students giving CAT exam this year. Cut off is going to be off the charts.

[@x.sanjiban.x]

Always breaks ur CTC into 75:25 ratio

[@rishikadubey8046]

Hahahaha last clip 😂😂 your sense of humour is very very good shatakshi

[@tariqaziz4534]

that's editor

[@jaikumarjadhav6575]

Clip was totally unexpected😂

[@Moody077]

But by the calculation ur salary was eaten more than 45 %..

[@AjitKumar-dr7mj]

Thanks for mentioning the difference between CTC and salary..

[@nazeerconcept]

Hello, i enjoyed your content! It's concise and precise to the point with added flavour of sense of humour.. ✍️

[@gamershub7459]

33 CTC and 1.5 lpa/month i.e. 18 LPA per Annum! Means 45% of CTC you were giving tax??? Really???

[@sober_junkie5709]

part of it was also joining bonus and performance bonus

[@thatguy_dirt_in_your_eye]

Excluding relocation cost , yearly bonus or HRA and other stuff i guess …its just the hard cash component

[@RidamGandhi]

No Not only tax but it includes other perks also

[@Skubidi-qy8hb]

Mujhe laga BCG ek vaccine hai?😢

[@awesomer747]

The tax system is a sad truth that we have to live in. I have a question that the bonus that you got at the end of the year was it taxed too ?

[@awesomer747]

@@varshavora9935 You need to think out of the box

[@ankitchandola3511]

​@@awesomer747 what out of the box ? who is gonna develop the country without tax? You🙄? without giving tax .. with the tax money u will have , build infra , Tec. etc 🤣🙌🤣 out of the box.. now don't tell me ki Politicians corrupt hai etc..

[@awesomer747]

@@ankitchandola3511 Bro tu shant bet, tu Pubg khelta hai 😂

[@ankitchandola3511]

@@awesomer747 nice.. Bolne ko kuch hai nhi to pubg khelta hai.... Pubg khel kr Terese jyada pdha likha hu 🤣🤣🤣🤣nalle berojgar

[@ankitchandola3511]

@@awesomer747 tere khandan ki income se jyada tax bhrte hain bhai.. pubg 🤣🤣🤣 out of the box 🤣🤣

[@nikhilranjan32]

Such honest and to the point topic coverage

[@anonymoushacker9094]

at the end of the day all the comes in hand only its just its cycle is different some are monthly, some are yearly

[@Shatakshi.Sharma]

www.globalgovernanceinitiative.org/impact-fellowship On a totally related note, 100X your chances to get into Management Consulting, Product Management, and Public Policy here at GGI Impact Fellowship-

[@funnyvideomeme4730]

How much bonus did you got at the end of year.. ? I mean you got 18 lacks on monthly basis Out of other 15 lacks how much did you got??

[@Haradasa]

Me watching it with 4LPA after 3 years exp 🤡

[@nityajungade5314]

rip for google employes who's ctc is 64 lpa and in hand is 1.3 L/ per month

[@vishaldeep7606]

Iim ahemdabad is a best collage in india and one of the prestigious collage in india

[@sagnikadak1498]

nice 👍👍👍 and that great painting was done by Paul Klee

[@crisoswin]

How much did you get as bonus?

[@motivationalmantras6084]

1.5 lakh on monthly basis, its too low to start with, shatakshi 😂

[@doordie1062]

That's ma boy..✅

[@GamingwithPro-cm5mg]

Bhaiya one question please If we are doing btech in CSE with specialization in AI Then we are eligible for getting mtech in cse by giving Gate exam ? 🤔 Please baatdo bhot tension horahai 😔😔

[@godfather1655]

Haan babu,but kodhish kro btech k 4 sal sirf coding kro,gate k liye 2 nd years start kr do,par k9shish kdna btech se hi job mil Jaye,aur mil bhi jayega,so relax

[@darshanpagar1894]

Sorry mam I disagree upon this mine is only 14% deduction. Not in every company is same.

[@mayurannadate1403]

plzz Can u tell What is ur Annual bonus at the end of year ..plzz 🙏🙏

[@kirannadukula5247]

Thank you Michael and Sandra. Just bought the Paper Version!! 🙏

[@morningstar-sp6ng]

and on that 1.5 lakh living expenses medical expenses and miscellaneous expenses what remains with u its all Maya Dhoka of life 😢 even though I earn 2 lakes per month after cutting all my expenses hardly 50000 is only I can save

[@akritiprasad4188]

How on earth are you spending 1.5 lacs per month? Do you have huge loan instalments to pay?

[@vandnasharma6934]

​@@akritiprasad4188maybe they're living in Banglore or Mumbai . Living expenses are quite high there

[@bhavya8037]

@@vandnasharma6934 you meant to type 'bangalore'

[@vandnasharma6934]

@@bhavya8037 oh yeah

[@piuhoiking1725]

exam mai b yahe likdegaa mai tho ,udar itnaaa ,edar itnaaa😆😆😆

[@NickMaverick4]

You forgot to say the 30% tax😂😂 will have to pay to govt. So, 1.5×12 = 18lpa, and 30% of 18 lakh is 540000 so 1260000 ie no 1 lakh 5000 rupees only. That's why most mba after few years of job prefer UPSC😂

[@mrht6094]

Tax deduction happen from Gross Payment and not Net Payment(in hand)

[@Spearmanaj]

No. Tax is deducted from.total income, which is CTC

[@NickMaverick4]

@@Spearmanaj I think tax is deducted from basic pay not on CTC..

[@amitrauniyar2078]

What is this in hand?? At the end of year any person will get to total CTC amount or not????

[@critic5565]

"Interstellar" theme as the background score = respect from me. maybe you like to think a lot.

[@user-qm8ng7df4n]

Living with 150k usd salary and paying 40 percent on taxes and 30 percent on rent and living on 30 percent that is the real pro life 😂

[@its_rns]

How much was the bonus?

[@Ms21701]

Didi i want to study in iim but i have 67 in 10th and 12th in 64 and currently in engineering please help me out i meant suggest some startegy or tips to boost my resume for iim

[@YSTNNN777]

Any result?

[@Ms21701]

@@YSTNNN777 i not appiled but someone with this type of profile got some baby iims

[@prernamishra9128]

Try for new/baby IIMs You won't get into BLACKI IIMs with this profile

[@user-hy8cd9pg1q]

​@@Ms21701cat to de pahle

[@MaheshKapgate]

Lakshay simping on right wali bhai😅

[@swastikaggarwal221]

What we can do in such cases ? Like I'm working on a startup something related to this issue need some guidance , How can I connect with you mam , looking forward for the same

[@darshanpagar1894]

I have observe more the CTC is more is eaten away... and less CTC less is eaten

[@aditya-garg]

Wonfer where the remaining co.ponenrt went, perhaps stocks were left unaccounted for.

[@bhanupratapsingh7506]

Hey I just have a quick question. Is a good gmat score required to crack into management consulting?

[@codewala3050]

And how much bonus you received in that year

[@mvgamer3388]

What is your current salay now...??????

[@guywhoisok4599]

Absolutely brilliant video

[@rohanjamdade3915]

bonus leke usse count nhi krna is doglapan behen😂

[@shauryavats4697]

BAAT TO SHI H IITs me bas dikhte hai but real is like chillar

[@NayadArvind]

Chillar ? Is me to me daily mutton biryani and paneer pulao kha lu

[@karanrai02]

It's scam for us who is going to pursue in iim, more than this i can make in my business, but iim guve u lots of knowledge, so i can expand at pan india 🇮🇳 respect for make us knowledgeable no for salary❤❤

[@Harsh-mb3ui]

And, here I am with 5.5 and my employer thinks that they are paying me 55 lpa.😂😂

[@ayushx4831]

1.5L is Chilaar 👏 Apka Starting point hamara ending line hai

[@BloomingWorld1]

Hello, I am planning to try for ISB but a little worried about its placements..currently I earn almost 1 lakh a month and is Mtech from IIT with 4yrs exp plz help me understand why ISB could be a beter option ?

[@joebidenw4385]

I don't think you should go for iim interms of money

[@diarymilksilk8790]

Hey guys if you are looking out for upgraded version once check out I think they are good

[@anishkodla3595]

What was the bonus in 33LPA that adds to the inhand salary

[@ps-gh3hu]

All consulting firm are ripping off Indians. Not even close to US & Europe peers salaries. 4-5 times less. Tech is better where parity is only ½ or Max 3 times

[@shubhamdayal5677]

What are the allowances mam please 🙏🏻 explain this term in detail . I have no knowledge about what are the allowances of company provides their employees ❤❤❤love from UP

[@PraveenKumar-kt1qr]

Hello can u plz help me im doing MBA in iim .

[@antajhoque4182]

Ma'am can be a poor student gets 100% scholarship in IIM???

[@swabhimandalei8991]

The reality is also tempting 😂

[@anikethimmatsinghka7634]

I just couldnt understand the reason for intesteller music in the background.. yo made this video for motivation ri8?

[@TheDazzler420]

Esop is good and can be considered as In hand

[@JDhanish-qw9dq]

Me still searching how to earn money in online

[@ShittyWorld-zs9ry]

Shatakshi : 60 - 80% Base pay Microsoft and Google India laughing in the corner 🤣

[@aviruppaul4473]

Kabhi hfts ka naam sune ho aap

[@prime9048]

Don’t pay that much tax hire a CA

[@Getdown2business1]

Utna hi kaffi h Ahh i need to clear the cut off 😭let me not waste time 100 days left.

[@PradeepKumar-tq4ev]

Have u cleared 😊

[@Getdown2business1]

@@PradeepKumar-tq4ev yes ☺️by gods grace.

[@yashaneja2840]

Who told you my salary at the end 😡

[@nareshagarwal772]

What was the usual year end bonus post taxes?

[@VedikaMaharao]

I'm still processing the calculation of all the CTC and per month salary she mentioned the only thing i heard very clearly is 1.5 lakh per month...mera annual ka bhi unke Per annum se Kam hai... (Crying in the corner of the room)

[@goddessvibes08]

1.50 is chillar for you? The outro was weird

[@huh..4591]

Isb fees 👀

[@sunaina4663]

40lac +😂

[@kumarprateek238]

It is one year MBA and you start earning after one year. IIM takes two years and one year work opportunity, so it's more or less same

[@RAKESHYADAV-ht2qp]

Nice video yaar

[@lovkush5257]

Or hum 10k ko bohit maan lete h😢

[@akashdeep5088]

Bhai 2 saal ke mba ke liye kitna hussle karna padta wo yehi log jaante hain .... studying rigorously at the age when everyone is earning and chilling, clubbing and you are sitting in Library and studying ......aise hi nhi milta bro ...kaffi mehnat laagti

[@anshulmahajan3745]

​@@akashdeep5088sahi baat mene mba finance ki aur muje 40thousand milta mai aise hi khush hora😅

[@ashishbohra3999]

Tell people something they don't know.

[@varshithkrishna8706]

but can't you save taxes and get refund?

[@abhilashmehera3813]

nah it's unfortunately rare

[@nicco1295]

1.5 lakh per month ko chillar bol rhi hai madam....

[@Kashurrr17]

So basically suppose you get 50 lakh package in iit or iim , you will get around 37lakh in hand , means around 2.9 lakh in hand.

[@bear7313]

And Assuming no bonus component , I know local shop keepers earning 3L per month

[@Kashurrr17]

@@bear7313 shop keepers earn max to max 80k-1 lakh , my father has a super storr

[@bear7313]

@@Kashurrr17 their is a supermarket near my home, the owner has BMW 5 series

[@Kashurrr17]

@@bear7313 there is big diffrence between shop keepers and super market , and also my cousin sells credit cards , he also has a bmw m340i

[@LUCIFER.Gaming.82]

​@@Kashurrr17 bro mera area ke ak shop keeper ne recently ek new house purchase Kiya hai or uske niche ek or new shop open kardi😂 socho kitna kamata hoga Banda uper se full paise kharach karna walo main se hai tumhari information incorrect hai ye leke ki koi kitna kamata hoga

[@M05_phoenix]

Tax system in our country is biggest scam govt run ! they don't charge tax billoneries they charge normal public our salaries get taxed, after salaries groceries tax /gst /fuel /rent / vehicle 🚗 maintenance bill's taxes, food we eat swiggy zomato taxes bai kuj ni save hota ! L govt hai

[@notorious1147]

EMBA??

[@Cid12363]

ma'am which branch you got in iit B

[@rebanta570]

Not an iitian from DU

[@addy1154]

Bruh she said ISB

[@johnvick8861]

Stocks kidhr gaye

[@ayanda759]

What is your profession and how you achieved it

[@TusharSingh-kv7se]

She did mba…..

[@thatguy_dirt_in_your_eye]

These companies are superficially increasing their CTCs to attract the top coders atleast in the Btech level….A***** increased it to 44 from 32 but included variables which you’ll get after 3 years :) and obviously more shares which you can sell after guess what 3 yrs….

[@sahin835]

Is indian inflation rise 📈 to 1000% or The salary currency 💵 is in Russian Rubel. 1.5 lakh/month = 18 Lakh in Year means 30% of the total income is Tax in India. I am not an Ex IIM or IIT but I know the Current Indian Tax Slab. Very hopeless and Low IQ video.

[@piyushsaini8641]

That is reality 😂😂

[@rockingbasu]

Very less salary

[@lokeshdwivedi457]

Theek hai to mai 3.1 CTC me khus rahu ??😅😅

[@VikashKumar-zi7cf]

RBI grade b ki CTC 28 lakhs h Aur in hands 19lakhs per annum

[@discodeewane3152]

nahi 1,26 milta hai month ka

[@amiyasingha22]

I AM EARNING 21K PER MONTH. STOP CRYING

[@HareKrishanaa]

18 lakh in hand wow or kitne chahiye

[@riteshkashyap1468]

isb ki fees 37 lakh hai one year ki

[@divyanshusah4162]

Ma'am you are a great orator

[@imsk07]

1.5 lakh/month chillar hota hai kya 🙂🙂

[@aloof25]

Ha 33L package consider Kiya to chillar hi hai

[@imsk07]

@@aloof25 phir bhi chillar to nahi hai, 1 crore ke samne chillar hai

[@aloof25]

@@imsk07 Abe 33L ka direct package calculation se gaya to around 3L aata hai per month . Which compared to 1.5 L is drastically less. akal ke paidal hai kya ?

[@imsk07]

@@aloof25 Abe 50% less kabhi bhi chillar nahi hota be

[@aloof25]

@@imsk07 Abe tu thoda sa bkl hai kya?? 33L ke package ke liye 1.5in hand Kam hi hai bohot. Logo ka 24vagere ka package lagne ke bad bhi utna aata hai in hand unke liye thik hai . But 40L ka bhi package Raha tobhi hardly 1.5/1.6 aatahai in hand which is not at all good

[@unknownguy2780]

Ye to glt baat hai

[@mehak2670]

Can anybody explain, If 1.5 lpm is on the lower end for just out of college, then what is the median and upper end?

[@adityarana9]

By lower end she meant out of a 33 lpa package shes just getting 1.5 lpm which sums up to be 18lpa which is indeed lower than the ctc

[@sushant201s]

Bro, it's lower end for MBA, Loads of people with normal software engineering jobs make wayy more than this.

[@aamaadmi5089]

​@@sushant201s Lol 😂😂😂 Not even 1 percent of the software engineers get 1.5 lakhs per month as their starting salary. Don't fall for those highly bloated packages like 50 lakhs, 55 lakhs. They include the stocks which are vested over 4 years.

[@sushant201s]

@@aamaadmi5089 bro I'm not talking about starting salary, but your 3-4 yrs experience it's very common to make 1.5-2L in software engineering

[@NEHAVERMA-eh4cy]

​@@aamaadmi5089 I have a question sir.. If you can answer.. What do you mean by shares vested over 4 years.. Doesn't it mean that you get that remaining money after 4 years..?? +? You get it at the end.. Or how is it calculated...???

[@rock-ylee2159]

hamara bajaj

[@theolivelane2835]

Hahaha ye toh chillar hai 😂

[@sarthak-fn2jh]

Does only IIT students get this much salary ??? Or a tier 2 or 3 college student who have worked hard... Is there any hope to get this much salary ??? Please tell

[@knowledgehub49]

If you have skills and talent nobody can stop you only thing is that you have to work harder than those IITians to grab that packages bcoz chances for you are low as compared to them

[@abhilashmehera3813]

realistically no

[@jassahib]

As always great videos

[@Shatakshi.Sharma]

:)

[@suleimanhaq5981]

We dalits, OBCs and moolnivasis of India should get 80% reservation in the private sector

[@user-le6xf7vu7t]

As an OBC, I disagree with you.

[@Madmaxyz757]

Beta Tu dalit wagera nahi hai

[@suleimanhaq5981]

@@Madmaxyz757 Hello Madam I am a dalit Muslim