26 January, 2021

The Pay Is Gross

Two myths about dream salaries. One, the take-home is usually more down to earth. Two, SC/ST students still get a raw deal.

Kedar Bhat
The Pay Is Gross
When assorted surveys come out chronicling the sky-high salaries that companies offer freshly-minted graduates, it’s easy to imagine a collective sigh of despair and a deep sense of envy amongst the country’s middle class. Most of us wonder why we didn’t attend such a course. Although this piece is not guaranteed to have a placebo effect on you, it may help ease some of the heartburn.

Consider this: the fancy salary you hear or read about, in most cases, includes intangibles like cost of training, variable pay and relocation expenses. Many of them are just one-time payments. So, a Rs 10 lakh per annum salary actually translates into Rs 6-7 lakh, which makes the take-home gap between you and the new marketing whizkid on the block perhaps not that huge. Take, for instance, a leading airline company. It pays MBA graduates an annual salary of Rs 13 lakh. But that includes several notional benefits such as free airline travel and health insurance premium (Rs 2 lakh). Benefits from potential foreign postings and variable pay accounts for a...



To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.

In this article:

More from T.R. Vivek

Latest Magazine

February 01, 2021

other articles from the issue

articles from the previous issue

Other magazine section