QuirkyBoba
QuirkyBoba

Salary after 4 years of MBA from IIM 🚀

What should be the ideal salary range after four years of mba.

16mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
BouncyMarshmallow
BouncyMarshmallow

Its criminal to chase salaries if being lucky enough to get into IIMs

BubblyMuffin
BubblyMuffin
Student16mo

What would you chase?

BouncyMarshmallow
BouncyMarshmallow

Girls

DancingUnicorn
DancingUnicorn

Are they giving pension for doing an mba?

With zero context on what you have been doing for increasing stakeholder value or where you want to do this with what - no number can be given.

FuzzyNugget
FuzzyNugget

~70 Lakhs if it’s a top IIM or school like FMS/XLRI

SparklyPickle
SparklyPickle

Lol. You clearly never went to one.

PS: I did.

FuzzyNugget
FuzzyNugget

Ballparked off 3/4 friends. Would say lower or higher?

BouncyMarshmallow
BouncyMarshmallow

Depends on your performance, sector and how your colleagues are doing. The fact that you are from IIM does not have much advantage after 2-3 jobs

MagicalNarwhal
MagicalNarwhal

The only correct answer. Amused to see people writing 70 LPA etc w/o giving context

ZestyBiscuit
ZestyBiscuit
EY16mo

That's cuz your whole experience is now built on "Only IIT-IIM need to apply" jobs.. so obviously no advantage now.. filter was applied in 0-2 years experience... One can't change profile after 5+ years experience

SwirlyBagel
SwirlyBagel

Picture this: You've been working in your job for four years, and yet, you still find yourself needing to flex about your MBA degree in salary discussions. I rest my case

QuirkyBoba
QuirkyBoba

It's not about flexing degree. But benchmarking against colleagues

DancingDonut
DancingDonut

4 years of MBA? Which MBA is this?

PeppyMarshmallow
PeppyMarshmallow

I think s/he meant 4 years after completing an MBA

CosmicLlama
CosmicLlama

50lpa is minimum

PerkyBanana
PerkyBanana

Which iim? Aaj kal chape chape pe khul gaye hai

GoofyDonut
GoofyDonut

I will try to answer.. 50+ if you have MBB or good consulting exp. 40-50.. for other good roles. 30-40 for mediocre roles. No idea on IB roles. I really wonder if its common to get 70+ and all!

MagicalBurrito
MagicalBurrito

It's a vague question and It will be very difficult to answer but let me give it a try.

IIM A, B, C, L, K, I and Mumbai are in the leagues of their own. The median is pretty high in these colleges hence the starting point is quite decent. Let's say around 25 lakhs CTC. Most of the people who are high achievers will maybe even double their package in 4 years.

IIM Ranchi, Rohtak, Shillong and other new IIMs: the initial package can be anything from 12 lakhs to 30 lakhs and then the journey over two years can differ too. There are few intelligent folks in these colleges but quite a few are just plain mediocre. Some of them will just stick to one company and won't switch because the market won't even match their package. Median ranges around 15 lakhs

Baby IIMs : 9 lakhs to 18 lakhs, similar situation to New IIMs.

Crux: More than half of the population of Blackis (Bengaluru, Ahmedabad, Lucknow, Calcutta etc) will do amazing while maybe just around 20% will do something worth from new and baby IIMs.

Discover more
Curated from across
Business Roles
by DancingBobaStrategy & Operations

MBA Salary Components

I have a general question around MBA salaries. I see many colleges boasting about their placements and salaries. The salaries are >30LPA for most tier1 colleges.

Are the figures quoted by B-Schools base salary or Total Compensation incl...

Business Roles
by CosmicUnicornProduct Management

Median salary at 9 years work ex post IIT

How can one benchmark growth? What should the average IITian (not the outliers ) be making post 9 years of work ex, no MBA or Masters' generalist tracks non tech? Is a 45 fixed + 5 variable good or below par? How much would this be more ...

Top comment
user

There’s no such standard. All depends on experience and skills and luck of course.