Placements from India’s newer IIMs might promise glittering salaries on paper, however the actuality for a lot of prime performers is much from glamorous. A current viral Reddit put up lays naked the monetary pressure graduates face — even from the highest 10% — with excessive EMIs, modest take-home pay, and the wrestle of metropolis residing slicing into the sheen of “elite” jobs. It is a sobering account that challenges the LinkedIn-fueled perceptions of post-MBA success.
A viral put up on Reddit is stirring debate after exposing what it calls the “actuality of prime 10% placements in new IIMs.” The put up dismantles the perceived dream of monetary safety tied to elite B-school jobs.
“Oh, you thought entering into the highest 10% of your batch at a brand new IIM meant you had been set for all times? Let me pop that dream bubble with my EMI-ridden, Uber Pool-sharing, Maggi-for-dinner actuality,” the writer wrote.
The put up lists precise roles and packages seen on LinkedIn, contrasting their spectacular cost-to-company (CTC) figures with what actually hits the checking account:
Amazon Account Supervisor – 32 LPA: “Besides the in-hand is a spicy ₹75,000. Welcome to being broke in fashion.”
Startup with 35 LPA: “20L in shares—I am certain you will go public in the future! (they will not).”
BCG – 19 LPA: “Extra like 85k a month, and oh? A again workplace function!”
JP Morgan Analyst – 19 LPA: “After taxes and deductions, you’re taking residence ₹90,000. You’ll be able to virtually afford a 1BHK in Thane. Nearly.”
Aditya Birla Capital – 20 LPA: “₹80,000 in your pocket. And by pocket, I imply the one with holes in it.”
The person highlighted how even top-tier roles barely cowl the price of residing. With a mean training mortgage EMI of ₹25,000/month, disposable incomes shrink to ₹55K-₹65K — typically lower than what freshers at Infosys earn. “You’re mainly incomes lower than a more energizing at Infosys however with considerably extra LinkedIn posts about synergy and worth creation,” he quipped.
Dwelling in a Tier-1 metropolis solely provides to the pinch. The breakdown? “Hire: ₹30K/month (should you get pleasure from wall-sharing with cockroaches). Utilities, web, groceries, Swiggy guilt orders: ₹15K-₹20K/month. Social life? Sorry, that’s been repossessed by your mortgage supplier.”
The put up ends with a mixture of irony and resignation: “Congrats on the 25 LPA dream. Hope you get pleasure from residing paycheck to paycheck whereas pretending to be a ‘future CXO’ on Instagram. However hey, at the least we’re ‘incomes in lakhs,’ proper?”
The frankness resonated extensively.
One person countered, “My buddy is CA and is getting 85k in hand. His CTC is round 12L . And you’ll be accomplished along with your MBA until 25-26 . Incomes near 1 Lakh just isn’t unhealthy . Monetary self-discipline for few 2-3 years and your mortgage is cleared.”
One other shared their trajectory: “I did, large time. I can solely advise you to optimise for studying, abilities and development as an alternative of cash… I’m a New IIM grad from 2019 batch… Lastly I used to be in a position to crack into a greater job with nice pay. It wasn’t simple. Nevertheless it was completely value it.”
Some tried to stability the view: “Fairly the pessimistic view… You are in virtually prime percentile of Indians in incomes… Just a little optimism will get your physique language wanting higher to higher alternatives forward.”