Actually, 50 lakhs works out to about $110,000. US offers in investment banking are usually in that range. And from what I hear, it’s quite sustainable in the industry. The pay is around $225,000 for a person with about 4-5 years of investment banking experience.
this is nothing new. 110K USD for US for a person who has allready got 4-5 years exp (thats what the person already had) is ok. I mean SW engineers with 5-6 yrs exp also get near abt the same range in US
March 16th, 2005 at 10:38 am
Wow! That’s a LOT OF money!
But is this kind of salary sustainable?
JD
March 16th, 2005 at 1:40 pm
Isn’t that too much *frown
March 16th, 2005 at 2:36 pm
Cool! 50 lk is hell lot of money for starters!. What after 10 yrs ?
March 16th, 2005 at 4:44 pm
JD: It is! And I have no idea how they sustain those kind of salaries!
Shilpa: That’s an understatement! That is way TOO much. I am way TOO depressed!
Arjun: I shudder to think! And thankfully, my math ain’t too good :) And I wouldn’t be able to sleep well if I knew anyway!
March 16th, 2005 at 5:20 pm
Actually, 50 lakhs works out to about $110,000. US offers in investment banking are usually in that range. And from what I hear, it’s quite sustainable in the industry. The pay is around $225,000 for a person with about 4-5 years of investment banking experience.
March 17th, 2005 at 6:12 pm
This is so cheap *frowns* ;-)
March 17th, 2005 at 7:10 pm
this is nothing new. 110K USD for US for a person who has allready got 4-5 years exp (thats what the person already had) is ok. I mean SW engineers with 5-6 yrs exp also get near abt the same range in US
March 18th, 2005 at 1:16 am
Nice blog Anita, just found it via a link from another blog. Keep up the good work.
March 19th, 2005 at 9:34 pm
hi..
read this in another blog too :
http://youthcurry.blogspot.com/2005/03/150000-googly.html
not everyone gets the same thing…
there is a big gap between the top and the average of the class…
but not bad for the publicity of IIMs and MBA..
though i have friends who chucked 100k jobs and came back to india for LIFE..
(if that is a consolation for have nots :) )
ciao
krishna
March 22nd, 2005 at 4:43 am
Anita- where is your email address? I wanted to email you a question. Thanks.