We frequently hearow moving into a top commercial enterprise faculty meansyour existence is ready, high salary, dream process, and a luxurious way of life. But a viral Reddit post post put up bycial media person is now shaking up that illusion.
The Reddit user wrote, "Oh, you think getting into the top 10% of your batch at a brand new IIM mean su have been set for life? Let me pop that dream bubble with my EMI-ridden, uber Pool-sharing, Maggi-for-dinner truth."
The put-up lists some actual offers seen on LinkedIn and compares the vibrant package deal (CTC,, or price-to-organization) with the real in-hand earnings after taxes and deductions.
"Lettalk approximately about about the placements you spot on LinkedIn: amazon Account Supervisor—32 LPA!ow, proper? Except the in-hand is a highly spiced Rs 75,000. Welcome to being broke in style. A startup presenting 35 LPA? hanks a lot for the 20L in stocks; I'm sure you will cross public one day! (They may not..). BCG—19 LPA?more like 85k a month, and oh? Another workplace role! JP Morgan Analyst—groovy 19 LPA bundle, but after taxes and deductions, you take home Rs 90,000. You may almost have enough money for for a 1BHK in Thane. almost. And by using pocket, I mean the one with holes in it," he introduced.
At the same time,, as those salaries may also sound remarkable on paper, the author factors out that most of them disappear after deductions, taxes, and mortgage payments.
The writer additionallyy factors out that when paying schooling loan EMIs, which are often Rs 25,000/month, a maximum of simply Rs 55,000 - Rs 65,000 for the whole thing else.
He even stated that living in cities like mumbai or Bangalore isn't cheap. "And you're in a Tier-1 town, remember? rent: Rs 30K/month (in case you experience wall-sharing with cockroaches). Utilities, internet, groceries, and swiggy guilt orders: Rs 15K - Rs 20K/month. Social lifestyles? Sorry, this has been repossessed via your loan issuer," the writer quips.
The post ends with a bitter chortle, "Congrats on the 25 LPA dream. I wish you enjoy residing paycheck to paycheck even as you pretend to be a 'destiny CXO' on Instagram. However, howdy, at the least we are earning in lakhs, right?"
The author signs off with a cheeky new take on MBA: Making Broke Adults.
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