Placements from India’s newer IIMs might promise glittering salaries on paper, however the actuality for a lot of high performers is way from glamorous. A latest viral Reddit submit 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 submit on Reddit is stirring debate after exposing what it calls the “actuality of high 10% placements in new IIMs.” The submit dismantles the perceived dream of monetary safety tied to elite B-school jobs.
“Oh, you thought moving into the highest 10% of your batch at a brand new IIM meant you have 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 submit 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 type.”
Startup with 35 LPA: “20L in shares—I am positive 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 dwelling ₹90,000. You possibly can nearly 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 consumer highlighted how even top-tier roles barely cowl the price of residing. With a median schooling 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 brisker 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 (in the event 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 submit 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 broadly.
One consumer countered, “My good friend is CA and is getting 85k in hand. His CTC is round 12L . And you’ll be performed together with your MBA until 25-26 . Incomes near 1 Lakh shouldn’t be unhealthy . Monetary self-discipline for few 2-3 years and your mortgage is cleared.”
One other shared their trajectory: “I did, huge 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 in a position to crack into a greater job with nice pay. It wasn’t simple. Nevertheless 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 bit of optimism will get your physique language wanting higher to higher alternatives forward.”
