@isk said:Hi guys i have some use full information for IT guys and 90% of the people who are looking forward for this program from CTC perspective.I had seen one of the Bank branch managers CTC split today when he joined the Bank by doing Bank Po from manipal.1) He had a CTC of 3.48 when joined but they got 17K per month in hand which is very less-PLEASE ASK ABOUT HIS PERFORMANCE RATING ONCE.IT SHOULD BE ON LOWER SIDE ONLY.HERE WE HAVE ICICI AM1 N AM2 N SOME AM2S WERE GETTING 40K IN HAND BEFORE JOINING WHY? BECAUSE THEY WERE ABOVE AVERAGE PERFORMERS.I DID NOT FIND ANYBODY HERE LESS THAN 34K.2)Now after 4 years of work he has a CTC of 5.5lakhs but be get 31k per month in hand3)All the Increments are on Basic,not on gross,means if you get a top rating also you will get a hike of 15% on Basic which will be 5 to 6 k per month thats it.-THIS IS TRUE FOR RETAIL,NOT FOR OTHERS AT HIGH LEVEL.IN 15K CTC UR BASIC WOULD BE AROUND 5 LAKHS,SO 15% INCREMENT ON BASIC ISALSO AROUND 80K WHICH IS GOOD N ACCORDINGLY UR HRA N OTHER PERKSWILL INCREASE SO IT WOULD BE 1.25 LAKHS EASILY BUT MIND U THIS IS ONLY FOR UPPER BAND PERFORMERS.4)out of his 5.5 lakhs present CTC 1lakh is a loan component mean he can avail loan of 1lakh at 2.5% interest.That component is also included in ctc which is a personal loan at reduced rate thats it-IT IS NOT MANDATORY TO TAKE LOAN.IF U TAKE THEN LOAN PERQUISITE WILL BE ADDED.WELL U CAN AVOID THIS.TAKE LOAN FROM OTHER BANKS AT MARKET PRICE OF AROUND 11-12 % N PAY EMI.5)He said that out of 15lakhs CTC there will be around 3-4 lakhs of the loan component which i explained above(Its a loan which we need to return back,they are not giving that amount to us)-IN ONE LINE THIS IS BULLSHIT.DONT TAKE IT SERIOUSLY.6)He said we will be getting max of 70k per month in hand(out of which 10k loan repayment of loan taken for MBA from ICICI Bank)-IF U ARE GUD TAX PLANNER THAN U LL GET 87-90K AFTER ALL DEDUCTIONS IN MUMBAI N NOT LESS THAN 80K ANYWHERE.THIS IS APPLICABLE ONLY FOR ABOVE AVERAGE PERFORMERS.7)60 % of the people from his batch left icici bracking the bond even though they have to pay 18% interest,The pressure is huge,No rest on Sunday also and the pressure is not on just month end or quater end.It is on daily basis.Even though you do well all the time and do i mistake once you are harassed like anything.-RETAIL IS HELL BUT IN CBG/IT/RISK ALWAYS 5 DAYSWEEK WITH SOME ABERRATIONS.This all are his experiences in retail banking upto AM1 level(I.e; 2 ratings below M2), but don't expect a much difference in corporate office,may be some what better then this due to higer position.-DONT KNO ABOUT THIS BUT ONLY THING WE KNO DAT THIS M2 ROLE IS QUIET CRUCIAL.THEY R HAVING SOME STRATEGIC RESPONSIBILITIES.U LL GET THIS KIND OF ROLE FROM TOP 15 ELITE COLLEGES WITH HIGHER GRADES AND AT LEAST 4 YEARS OF WORK EX.THIS IS APPLICABLE ONLY TO INDIAN BANKS.REGARDING FOREIGN BANKS,THEY R TAKING TOPPERS FROM IIMS N OTHER TOP COLLEGES SO THOSE TOPPERSANYWAY DESERVE THAT PACKAGE.Seeing all this,My opinion to all the guys is,Go to this program only in case of below scenario-If you are not at all satisfied with your current job profile and you have very very high interest towards banking and finance-QUIET TRUE.And for IT guys,being myself an It guy my Sincere advice is :1) we have pressures on project to project basis not all projects have same pressure2) we have pressure when project deadlines come or when we have client demos or visits3) we have 5 days working at least for big It companies may be we need to come on weekends hardly for 5-10 weeks on an average for full year and some people get the pay for extra working also much better than banks 6 days of 9 to 9 working and phone calls on Sunday also-THIS IS APPLICABLE ONLY FOR RETAIL.CBG/IT/RISK IS 5 DAYS WEEK ONLY.4)and regarding Pakage most important :when we have 7-8 lakhs CTC after 5 -6 years of experience(by the time we complete MBA by this program) we will be having 60k pakage-NOT SURE ABOUT THIS BCOZ WE HAVE COLLEAGUES HERE FROM COMPANIES LIKE ORACLE(5 TO 6),SAP(2),SAS(2),INFY(MORE THAN 10),TCS(MORE THAN 10),JP MORGAN-IT,BNP PARIBAS-IT,PSUS LIKE NTPC(4),PDIL,SBI,HDFC,HSBC,COGNIZANT(MORE THAN 5),VEDANTA,VOLTAS.THEY WERE GETTING GOOD RENUMERATION,STILL THEY JOINED.Now i shared all that i know,now its your decision guysI don't say this opportunity is not worth for all,It may suit for some people and IT can be volatile when outside world is not good-I gave such a long explanation just because people should not change or spoil their career and life just for the illusion of 15 lakhs CTC which is a very good marketing stagy. -YHIS IS BULLSHIT.AXIS N OTHER BANKS R ALREADY GIVING 15-18 LAKHS FOR THIS LEVEL SO 15 LAKH IS GOOD COMPARED TO OUR PRESENT PACKAGE BUT NOT AT PAR IN INDUSTRY.BUT GETTING THAT POSITION IS MAIN AIM HERE.On a finishing note ::Just think rationally an IIM guy on an average gets 7-10 lakhs as starting pakage and hope you all Know the standards of IIM education for which people prepare for years and it has world recognition-I M NOT FULLY WID U ON DIS AT LEAST FOR LAST 2 YEARS N FOR ALL COMING YEARS BECAUSE OF TOO MUCH RESERVATIONS FOR OBC,SC,ST,FEMALE WHICH IS COMPRISING MORE THAN 60% OF POPULATION IN IIMS.
@1985amit said:Hi guys i have some use full information for IT guys and 90% of the people who are looking forward for this program from CTC perspective.I had seen one of the Bank branch managers CTC split today when he joined the Bank by doing Bank Po from manipal.1) He had a CTC of 3.48 when joined but they got 17K per month in hand which is very less-PLEASE ASK ABOUT HIS PERFORMANCE RATING ONCE.IT SHOULD BE ON LOWER SIDE ONLY.HERE WE HAVE ICICI AM1 N AM2 N SOME AM2S WERE GETTING 40K IN HAND BEFORE JOINING WHY? BECAUSE THEY WERE ABOVE AVERAGE PERFORMERS.I DID NOT FIND ANYBODY HERE LESS THAN 34K.2)Now after 4 years of work he has a CTC of 5.5lakhs but be get 31k per month in hand3)All the Increments are on Basic,not on gross,means if you get a top rating also you will get a hike of 15% on Basic which will be 5 to 6 k per month thats it.-THIS IS TRUE FOR RETAIL,NOT FOR OTHERS AT HIGH LEVEL.IN 15K CTC UR BASIC WOULD BE AROUND 5 LAKHS,SO 15% INCREMENT ON BASIC ISALSO AROUND 80K WHICH IS GOOD N ACCORDINGLY UR HRA N OTHER PERKSWILL INCREASE SO IT WOULD BE 1.25 LAKHS EASILY BUT MIND U THIS IS ONLY FOR UPPER BAND PERFORMERS.4)out of his 5.5 lakhs present CTC 1lakh is a loan component mean he can avail loan of 1lakh at 2.5% interest.That component is also included in ctc which is a personal loan at reduced rate thats it-IT IS NOT MANDATORY TO TAKE LOAN.IF U TAKE THEN LOAN PERQUISITE WILL BE ADDED.WELL U CAN AVOID THIS.TAKE LOAN FROM OTHER BANKS AT MARKET PRICE OF AROUND 11-12 % N PAY EMI.5)He said that out of 15lakhs CTC there will be around 3-4 lakhs of the loan component which i explained above(Its a loan which we need to return back,they are not giving that amount to us)-IN ONE LINE THIS IS BULLSHIT.DONT TAKE IT SERIOUSLY.6)He said we will be getting max of 70k per month in hand(out of which 10k loan repayment of loan taken for MBA from ICICI Bank)-IF U ARE GUD TAX PLANNER THAN U LL GET 87-90K AFTER ALL DEDUCTIONS IN MUMBAI N NOT LESS THAN 80K ANYWHERE.THIS IS APPLICABLE ONLY FOR ABOVE AVERAGE PERFORMERS.7)60 % of the people from his batch left icici bracking the bond even though they have to pay 18% interest,The pressure is huge,No rest on Sunday also and the pressure is not on just month end or quater end.It is on daily basis.Even though you do well all the time and do i mistake once you are harassed like anything.-RETAIL IS HELL BUT IN CBG/IT/RISK ALWAYS 5 DAYSWEEK WITH SOME ABERRATIONS.This all are his experiences in retail banking upto AM1 level(I.e; 2 ratings below M2), but don't expect a much difference in corporate office,may be some what better then this due to higer position.-DONT KNO ABOUT THIS BUT ONLY THING WE KNO DAT THIS M2 ROLE IS QUIET CRUCIAL.THEY R HAVING SOME STRATEGIC RESPONSIBILITIES.U LL GET THIS KIND OF ROLE FROM TOP 15 ELITE COLLEGES WITH HIGHER GRADES AND AT LEAST 4 YEARS OF WORK EX.THIS IS APPLICABLE ONLY TO INDIAN BANKS.REGARDING FOREIGN BANKS,THEY R TAKING TOPPERS FROM IIMS N OTHER TOP COLLEGES SO THOSE TOPPERSANYWAY DESERVE THAT PACKAGE.Seeing all this,My opinion to all the guys is,Go to this program only in case of below scenario-If you are not at all satisfied with your current job profile and you have very very high interest towards banking and finance-QUIET TRUE.And for IT guys,being myself an It guy my Sincere advice is :1) we have pressures on project to project basis not all projects have same pressure2) we have pressure when project deadlines come or when we have client demos or visits3) we have 5 days working at least for big It companies may be we need to come on weekends hardly for 5-10 weeks on an average for full year and some people get the pay for extra working also much better than banks 6 days of 9 to 9 working and phone calls on Sunday also-THIS IS APPLICABLE ONLY FOR RETAIL.CBG/IT/RISK IS 5 DAYS WEEK ONLY.4)and regarding Pakage most important :when we have 7-8 lakhs CTC after 5 -6 years of experience(by the time we complete MBA by this program) we will be having 60k pakage-NOT SURE ABOUT THIS BCOZ WE HAVE COLLEAGUES HERE FROM COMPANIES LIKE ORACLE(5 TO 6),SAP(2),SAS(2),INFY(MORE THAN 10),TCS(MORE THAN 10),JP MORGAN-IT,BNP PARIBAS-IT,PSUS LIKE NTPC(4),PDIL,SBI,HDFC,HSBC,COGNIZANT(MORE THAN 5),VEDANTA,VOLTAS.THEY WERE GETTING GOOD RENUMERATION,STILL THEY JOINED.Now i shared all that i know,now its your decision guysI don't say this opportunity is not worth for all,It may suit for some people and IT can be volatile when outside world is not good-I gave such a long explanation just because people should not change or spoil their career and life just for the illusion of 15 lakhs CTC which is a very good marketing stagy. -YHIS IS BULLSHIT.AXIS N OTHER BANKS R ALREADY GIVING 15-18 LAKHS FOR THIS LEVEL SO 15 LAKH IS GOOD COMPARED TO OUR PRESENT PACKAGE BUT NOT AT PAR IN INDUSTRY.BUT GETTING THAT POSITION IS MAIN AIM HERE.On a finishing note ::Just think rationally an IIM guy on an average gets 7-10 lakhs as starting pakage and hope you all Know the standards of IIM education for which people prepare for years and it has world recognition-I M NOT FULLY WID U ON DIS AT LEAST FOR LAST 2 YEARS N FOR ALL COMING YEARS BECAUSE OF TOO MUCH RESERVATIONS FOR OBC,SC,ST,FEMALE WHICH IS COMPRISING MORE THAN 60% OF POPULATION IN IIMS.
SO ACCORDING TO ME U SHOULD JOIN BECAUSE OF BELOW POINTS-
1-IF U WANT UR MBA VIRTUALLY FREE.
2-IF U LIKE LEARNING IN WORKING ENVIRONMENT OTHER THAN BOOKS.
3-IF U WANT TO STUDY WITHOUT PRESSURE OF NUMBERS
4-IF U WANT TENSION FREE N RISK FREE LIFE FOR NEXT 2 YEARS.
5-IF U R INTERESTED IN FINANCE N BANKING.
6-IF U R GIVING IMPORTANCE TO NON MONETARY BENEFITS WHICH BANKING OFFERS LIKE GOOD SOCIAL LIFE,DOING MEANINGFUL WORK,SENIOR POSITION,RESPONSIBILITY N POWER.
7-IF U R EARNING LESS THAN 10 LAKHS NOW.
8-IF U R HIGH PERFORMER WITH POSITIVE ATTITUDE N LONG TERM VIEW.
N SHOULD NOT JOIN BECAUSE OF BELOW POINTS-
1-IF U R ALREADY EARNING 12 LAKHS N MONEY IS ONLY THING WHICH YOU LEARNT TO CARE IN UR LIFE.
2-IF U HAVE VERY GUD TRACK RECORD IN UR CAREER N HAVE FULL CONFIDENCE TO CLEAR IIMS N THERE ALSO CAN COMPTETE TO GET GOOD POSITION IN TOP MULTI NATIONALS.
3-IF U HAVE 15 LAKHS TO INVEST IN UR EDUCATION OR READY TO TAKE EDUCATION LOAN FROM MARKET AT 12-15%.
4-IF U R AVERAGE PERFORMER IN UR PRESENT JOB N LIKE TO SWIRCH FOR BETTER PACKAGE INSTEAD OF PROVING URSELF IN SAME COMPANY BECAUSE HERE U CANT LEAVE B4 3 YEARS.
5-LASTLY IF YOU ARE NOT INTERESTED IN FINANCE N BANKING.
REALLY SORRY IF ANYBODY HURTS.MY SINCERE APOLOGIES TO THEM.GOODNITE.
guys...what ever inputs I have put here are based on the inputs given from ICICI Bank Employees who have gone through similar programs.
If you want to be on safe side wait for this batch and try for next batch in October just 6 months from now,by that time 1st batch will be out and we can check there details.
And some of the guys in order to contradict me,they are sharing the details what they know now..why you guys did not share before.
I'm not saying not go to this program,I'm saying just give equal weight-age to every thing in life not only money becoz when you have money in hand you might be not be having other which gives more self satisfaction
Rest CTC part can be debated.....
@isk said:guys...what ever inputs I have put here are based on the inputs given from ICICI Bank Employees who have gone through similar programs.If you want to be on safe side wait for this batch and try for next batch in October just 6 months from now,by that time 1st batch will be out and we can check there details.And some of the guys in order to contradict me,they are sharing the details what they know now..why you guys did not share before.I'm not saying not go to this program,I'm saying just give equal weight-age to every thing in life not only money becoz when you have money in hand you might be not be having other which gives more self satisfactionRest CTC part can be debated.....
Only one advice,please dont take retail sameas others.all points mentioned above r completely true for retail but not fully for others.
did anyone ask about the results ..when are they going to declare ...
@frenticfilosfer said:How come ..is the hiring done for NISM once in a year.. i mean if its half yearly the first bacth wudnt have passed..!!!
Nism Intake is around 20 -25. Specifically for treasury profiles. They are getting arnd 13.7 (1.2 L extra as hra if u placed in tier 1 city). Others are getting 12.5l
So you can expect same in our case too.
I thought, guys who are already pursuing ICICI Leadership program have been given in written that their CTC would be min. 15 lacs..... Is CTC not yet disclosed??, perhaps passing out batch in 2013 must have received those details by now... anybody got idea
@tanujkhanna9 said:I thought, guys who are already pursuing ICICI Leadership program have been given in written that their CTC would be min. 15 lacs..... Is CTC not yet disclosed??, perhaps passing out batch in 2013 must have received those details by now... anybody got idea
It was already promised.total ll vary from 15 to 17 based on ur performance n location.
@bangaloreatul said:did anyone ask about the results ..when are they going to declare ...
it should be out within 7 days like previous batch.
@tanujkhanna9 said:I thought, guys who are already pursuing ICICI Leadership program have been given in written that their CTC would be min. 15 lacs..... Is CTC not yet disclosed??, perhaps passing out batch in 2013 must have received those details by now... anybody got idea
Guys giving BLP are in a state of anonymity..who is giving u such wonderful ideas..
Perhaps d batch about to join may have some idea..!!!!
@998420 said:Nism Intake is around 20 -25. Specifically for treasury profiles. They are getting arnd 13.7 (1.2 L extra as hra if u placed in tier 1 city). Others are getting 12.5lSo you can expect same in our case too.
what is total intake for NISM ...??
does anybody has any idea about the results of GD/PI ...... Because if at all, we get selected. We've to punt in our paper with our current employer and we've to serve a minimum period of 45-60 days notice...so as to get a proper and smooth re-leaving.
I mean every guy from IT background or a technical firm know the pain of it....
BTW ATB to you all who got selected in GD and faced PI....my best wishes to you guys..... You all are winners ..... Keep your chin up..... I'm praying for you all.....
RaDiX
Plz add the GD locations as happened.. to analyse the result : Mumbai, Delhi, Kolcatta, Hyderabad, Banglore... Add if
@soniip : Hyderabad 7th feb...last interview schedule was on 9th
@soniip i guess in every center interviews happened for 3 days and on an average 50 ppl were selected for PI per day so total of 150 ppl from one center.
@bangaloreatul : bansal sahab..... good analysis..... but i m striving for the concern about result..... Please share if you have got any info about that sir g
@frenticfilosfer said:Guys giving BLP are in a state of anonymity..who is giving u such wonderful ideas..Perhaps d batch about to join may have some idea..!!!!
u ll get ctc written in ur offer letter from icici before joining this course.i dont understand y u guys r in such skeptical state.banking is business of trust only.bank ll honour all promises.b4 u around 400 FOOLS already joined this course