Placements from India’s newer IIMs could promise glittering salaries on paper, however the actuality for a lot of high performers is much from glamorous. A latest viral Reddit publish 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 chopping into the sheen of “elite” jobs. It is a sobering account that challenges the LinkedIn-fueled perceptions of post-MBA success.
A viral publish on Reddit is stirring debate after exposing what it calls the “actuality of high 10% placements in new IIMs.” The publish dismantles the perceived dream of economic 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 creator wrote.
The publish 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 may go public sooner or later! (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 nearly afford a 1BHK in Thane. Virtually.”
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 median training mortgage EMI of ₹25,000/month, disposable incomes shrink to ₹55K-₹65K — usually lower than what freshers at Infosys earn. “You’re mainly incomes lower than a brisker at Infosys however with considerably extra LinkedIn posts about synergy and worth creation,” he quipped.
Residing in a Tier-1 metropolis solely provides to the pinch. The breakdown? “Hire: ₹30K/month (for those who 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 publish 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 very least we’re ‘incomes in lakhs,’ proper?”
The frankness resonated extensively.
One person countered, “My pal is CA and is getting 85k in hand. His CTC is round 12L . And you’ll be achieved along with your MBA until 25-26 . Incomes near 1 Lakh will not be unhealthy . Monetary self-discipline for few 2-3 years and your mortgage is cleared.”
One other shared their trajectory: “I did, massive time. I can solely advise you to optimise for studying, abilities and progress as an alternative of cash… I’m a New IIM grad from 2019 batch… Lastly I used to be capable of crack into a greater job with nice pay. It wasn’t straightforward. However it was completely price it.”
Some tried to steadiness the view: “Fairly the pessimistic view… You are in nearly high percentile of Indians in incomes… A little bit optimism will get your physique language trying higher to raised alternatives forward.”
