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
Wow! That’s a LOT OF money!
But is this kind of salary sustainable?
JD
Isn’t that too much *frown
Cool! 50 lk is hell lot of money for starters!. What after 10 yrs ?
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!
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 so cheap *frowns* 😉
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
Nice blog Anita, just found it via a link from another blog. Keep up the good work.
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
Anita- where is your email address? I wanted to email you a question. Thanks.