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Social media users were shocked.  (Photo credit: Instagram)

Social media users were shocked. (Photo credit: Instagram)

Students from institutes like Indian School of Business can get impressive job offers during campus recruitment.

Executive roles in consulting firms offer some of the most lucrative job offers in India. If one works as a consultant in companies like McKinsey, Deloitte, Oliver Wyman and Boston Consulting Group, one’s annual salary can easily cross Rs 1 crore. Recently, a senior management consultant with 8 to 9 years of experience revealed his salary in a Vox Pop interview and his answer shocked many. In a conversation with a popular Instagram channel, an Indian consultant said, “In India, salaries for management consultants are very standard. So in the top three firms, a person like me, so I’m like a senior manager, I can expect to earn Rs 80 lakh to Rs 1.2 crore annually.”

According to the interviewee, this amounts to between 130,000 and 200,000 Canadian dollars. However in terms of PPI (Producer Price Index), it is equivalent to 500,000 Canadian dollars. The person, who was apparently vacationing in New York, added that one can increase their annual package with a performance bonus.

When asked if he was happy with his lucrative salary, Fard said he was “obviously very happy” but working at an even higher-profile firm made him plan for the next phase of his life. Encourages. He said that he is surrounded by people who are the best in what they do which keeps him constantly motivated to progress in life.

Asked whether Indian professionals need networking or special connections to land big jobs, the senior consultant said graduating with an MBA from a prestigious institution opens doors for many. Because big firms hire directly through campus placements. He revealed that he graduated from the Indian School of Business, Hyderabad Campus.

This interview is now racking up likes on Instagram. Commenting on this, one Instagram user wrote, “Management consultants everywhere make huge money?” Another person wondered, “Honest question, are these salaries sustainable? I mean this guy is 80 now. 10 lakh every year, that’s a package of 14 crores, someone observed. Quality of life in every aspect of life.” An Instagram user commented, “knew for sure it would be ISB or top IIM.”

Indian School of Business is one of the most popular colleges for MBA in India. Its exorbitant fees are often justified by the job package students receive during campus placements. In May 2020, it became the world’s 100th triple-accredited business school after receiving accreditation from AMBA, EQUIS and AACSB.

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