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How much does McKinsey pay in B-schools like IIM, XLRI, etc.?

KY
Keshav Yadav Posted On : May 27th, 2021
studied Master of Business Administration Degrees (2016)

If you are applying to MBBs, you can expect entry-level salaries to be anywhere in the range of 24 to 26 lakhs per annum. You can also expect a 10-15% bonus. Moreover, there is also an 8-10% increase almost every year in the pay scale.

If you are looking at variable payouts, you can also expect these to change over time. The bonuses are quantified mostly as a percentage of the annual fixed salary. Mind you, the fixed salary varies by country so the bonus as a percentage of this will also be in a similar range.

The following table shows the average bonus for various levels at MBBs:

Level/Role

Bonus Percentage

Analyst and Associate Level

10% 

Senior Associate & Junior Consultant

17-22%

Consultant

25-30%

Project Leader

40%

Partner

70% (Fixed)

If you are fresher, there will be a limit but you can expect an average salary of 6-8 LPA. The interview standards at McKinsey are very high. Being the best in the consultancy industry, there is no bar on salary if you are the right candidate.

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How was your first day at VIT Pune?

NS
Nikhil Srivastav Posted On : October 13th, 2023
lived in Pune, Maharashtra, India

My friend at VIT Pune shared his first-day experience at the college. He faced a huge cultural shock as he hails from Delhi and was suddenly in a completely different environment. He received a warm welcome from his batchmates. He seemed out of place as most of his batchmates tale din Marathi. He asked them about the syllabus that had already been covered. In the second lecture, he was told that a class test was scheduled for the day after. Luckily, the professor postponed the test when my friend informed him that he was a new student.

The most tortuous lecture was the Japanese lecture. He struggled a lot in that particular class. Overall, it was a challenging yet rewarding experience at VIT Pune.

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Is life boring in an all girls college like LHMC Delhi?

YG
Yashnavi Garg Posted On : October 4th, 2023
MBBS from Lady Hardinge Medical College

As a fresher at LHMC, you’ll realize the burden of being a med student. Tests will be conducted every week, and the academics will be burdened. But it is the case with co-ed medical colleges too.

From 2nd year though, things will start to relax. You’ll make friends, and start exploring. LHMC is located in CP, so you’ll have access to all the amazing spots. Sometimes you’ll bunk postings and party all night long.

But most importantly, you’ll feel extremely proud of being a part of LHMC.

A girls’ environment does get toxic at times. Gossip culture and rumors will be quite prevalent, but you’ll learn to pay no attention to all this. You’ll develop a good dressing sense by watching others dress up so elegantly. You’ll celebrate festivals, and create endless memories with friends.

So basically, life at LHMC is anything but boring. 

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What is it like being a Software Engineering undergrad at DTU?

TD
Tezal Dahiya Posted On : July 6th, 2023

DTU Software Engineering is just an alternative to CSE, the prospects and curriculum being quite similar. The branch has many good professors under whom students dream to work. The professors are actively involved in research work and have a few publications. But the classroom sessions are poorly held and do no good to the students in uplifting their academics. With the right set of specialized skill sets that align with certain US companies, you can even get the opportunity to work there

The branch will give you enough time to determine your inclinations. The lab facilities of the branch are top notch and the systems are updated frequently. However, the software is obsolete so it's better to carry your own laptops. You can use IDEs and tools that are at par with recent trends to make the most of the lab sessions.

At DTU, it's your own willingness, passion, and determination that drives you to excel. You should try your best to stand out in the crowd especially if you are targeting foreign companies.

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What was the waitlist movement at IIM Lucknow last year?

TJ
Tanishk Jalan Posted On : January 16th, 2023
PGP from Indian Institute of Management Lucknow (Graduated 2018)

Every year, the movement of the IIM waitlists causes a commotion among students who have applied for admission to the IIMs. There are approximately 4000 seats available across the 20 IIMs. Another group of chosen candidates is kept in line after the initial list of chosen candidates is released publicly in case any candidate decides not to take a seat. The waitlist movement in IIMs and a few top MBA schools varies by category. The general category is extremely stringent, whereas the SC, ST, OBC, and PwD categories have some leeway.

The waitlist is kept confidential at IIM Lucknow. The merit list is instead released to the public. To secure a spot on the merit list, a student must meet the minimum requirement of 12 out of 40 in the PI round.

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What is the value of an RGPV (MP) B.E. degree outside Madhya Pradesh?

AS
Ayush Singh Posted On : October 21st, 2022
Engineer at CR Asia (2017-present)

A degree from RGPV is as valuable as a degree from any other university. This university is also approved by UGC and is the state technological university of MP.

There are two cases where you are getting this degree. First, you are willing to pursue a career through competitive exams. If that is the case then don’t worry. This degree holds value throughout the country. 

Second, you are pursuing this degree to get a job at an IT firm. If this is the case then you should know there are chances your degree does not get recognition easily. Some companies like Accenture, have criteria that the student should be from a particular college.

Apart from this, there is no specific reason for your degree to be devalued.

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Is it worth spending 15 lakhs at manipal institute of technology?

SV
Shyam Verma Posted On : September 8th, 2023
Computer Science, and Engineering, MIT Manipal

Yes, it's definitely worth spending 15 Lakhs at Manipal Institute of Technology. The points below will convince you further

Pros

  • Studying at MIT is like stepping into a completely different world. You will be amazed by the breathtaking campus and surroundings. 
  • The people you will be interacting with will be nothing short of geniuses with innumerable talents. Their passion will motivate you and groom your personality.
  • MIT students are given a lot of freedom in their hostel life, unlike other colleges. This freedom can be used both productively or destructively.
  • The CS branch has excellent placements and if you have no specific preferences, then definitely go for this branch.
  • There is no dearth of extracurricular opportunities here and is the best place to bond with people that share your passions.

Overall, MIT is the best place for those seeking a healthy combination of academics and extracurriculars. So, if you are not interested in extracurricular activities like dramatics, clubs, dancing, etc. then you shouldn't consider joining MIT because the ROI will be less.

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Allahabad degree college, prayagraj is a government college .

RT
Raktim Tarafdar Posted On : December 8th, 2023

Allahabad Degree College is private educational institute, established in 1956. It is UGC approved, and affiliated to Allahabad University. 

Allahabad University is the fourth oldest Public University in India after Calcutta, Bombay and Madras University. It is an Institute of National Importance. At present, 12 colleges operate under Allahabad University. One of these colleges is Allahabad Degree College.

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Is it okay to leave JBIMS for IIM Trichy as it has an IIM tag and the companies prefer IIMs more?

DG
Daksha Garg Posted On : January 21st, 2023
M.B.A. from Indian Institute of Management Bangalore (Expected 2023)

There are nine reasons for choosing JB over Trichy. Firstly, JBIMS has a stronger alumni base, with many successful CEO's having graduated from the institute. Secondly, JB has a better reputation in the industry. Thirdly, JB ranks in the top 10 colleges, while Trichy is far behind. Fourthly, the average salary offered at JB (INR 27.63 LPA) is higher than that offered at Trichy (INR 17.01 LPA). Fifthly, JB offers better roles and opportunities. Sixthly, the location of JB (Mumbai) is a major advantage over Trichy. Seventhly, the IIM tag carries more weight when one graduates from BLACKI compared to a newer institute like Trichy. Eighthly, the return on investment for JBIMS is higher than that for Trichy. Finally, the cutoff for general category applicants at JBIMS is 99.93%tile+ in the CET, while the cutoff for Trichy is 93%tile+ in the CAT.

This demonstrates the higher level of competition at JB compared to Trichy.

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Can you explain the CAP process convened by IIM Rohtak?

VK
Vaibhav Kumar Posted On : January 10th, 2023
IPM from Indian Institute of Management Rohtak (Expected 2024)

Before explaining to you the CAP process convened by IIM Rohtak let’s discuss in brief what exactly CAP is.

CAP stands for Common Admission Process. It is a single admission process conducted by the following IIMs alternatively: IIM Ranchi, IIM Trichy, IIM Rohtak, IIM Raipur, IIM Udaipur, or IIM Kashipur. Under this process, the candidate has to give a WAT/PI(Written Ability Test/Personal Interview) process under CAP. All the member institutes will be given the scores of this test and based on their respective criteria, each institute will declare its own list of shortlisted candidates.

CAP process 

Let’s discuss the various steps involved in this admission process

  • Fill in your choices of IIMs in the CAT form.
  • When CAT results are declared, the institutes under CAP make a shortlist based on their own criteria.
  • The IIM which is organizing the CAP that year collects the shortlisted candidates' names from other institutes and informs them about the CAP IIMs which have shortlisted them for WAT/PI.
  • The shortlisted candidates will have received a CAP link which they have to duly fill out. He will also be informed about the date and location of the CAP process.
  • On the stipulated date, the candidate will have to appear for the WAT/PI process.
  • All the institutes under CAP will receive the details of the score of this process and will release their own final shortlist.

Starting in 2018, every candidate has to appear for CAP irrespective of which IIM they belong to.

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