Any one from Mumbai (Interview on 9th Feb ) got calls ... Or for Mumbai results hav not yet been declared ??? Any Info ???
How to Reach Neemrana from Delhi???...Is there any plan to leave as a group from Delhi on 25th April?....Interested Puys Pls..Reply
@ Delhi Guys,
The list of diagnostic center was nt featuring ny center in NCR ,I got my medicals done through a nearby lab . Is dat ok ?? pl let me know...
Thanks
@Shaan022 said:@ Delhi Guys,The list of diagnostic center was nt featuring ny center in NCR ,I got my medicals done through a nearby lab . Is dat ok ?? pl let me know...Thanks
Hi!
Yes, that's absolutely fine. Get a fitness certificate from a physician and send in all your reports to the provided address.
Regards,
Prabodh
Yes, that's absolutely fine. Get a fitness certificate from a physician and send in all your reports to the provided address.
Regards,
Prabodh
@1985amit
@1985amit said:hey pankaj,u got relieving from ISRO now?looking forward to see u here in neemrana.
Yup, all clear this time. When will u guys be leaving for your internships ? And where is urs ?
hi test post
@ All : Please help
I am from Indore & got selected for NU MBA ( Intrvw @ Mumbai 8th Feb Chandiwali)
If someone can help me to get information regarding hostel facility for married candidates or they allow to stay outside campus & attend class in campus.
My Contact no is 8962002713
Regards
Satendra
all the best with some caution...
Hi All, I have been shortlisted for this too...but dont think its a good decision to join this just for 3 years of bond..and the sake of money. The MBA program has no value outside, and 2 years would be a waste...and not sure of the working environment at the bank to work for 3 years......I am double minded..please help..
@NICK_SAM Hi puys ,
congrats to all those who got selected
I wish all a gud career, but also i would like to expect reality there in icici,
these are my opinions and expectations of this programme based on my years of experience in icici bank and group company ( currently working)
I am not discouraging anybody but not to expect all too rosy things here, i would certainly want u to join but with a critical view mode on ,
1.VARIABLE PACKAGE
The 15 lakh package at icici will be always less than 9 lakh or 10 lakh package in hdfc and axis bank, thats the level of cunningness in icici package offers.
I bet none of u wud hav been able to get a clear picture of how much gonna be the credit into ur ac, even try with the first batch u wont get an answer.
do u honestly think the hr will not know the answer and can't tell u , somebody had contacts in icici hr as tey bragged i these posts let ehm find it is very difficult,
my bet 65000 to 70000 after ur emi,minus tax and have to file tax return to get more.Icici adds variable pay bonus, and other which may not get as standard into ctc
2.dont expect to get any salary hike in first three years ,
u have to get 1 or 2 rating to get it even u get it will be less
3.GROWTH BY APPRAISAL system and no quantifiable measures based, purely on opinion and BUTTER UR BOSS
congrats to all those who got selected
I wish all a gud career, but also i would like to expect reality there in icici,
these are my opinions and expectations of this programme based on my years of experience in icici bank and group company ( currently working)
I am not discouraging anybody but not to expect all too rosy things here, i would certainly want u to join but with a critical view mode on ,
1.VARIABLE PACKAGE
The 15 lakh package at icici will be always less than 9 lakh or 10 lakh package in hdfc and axis bank, thats the level of cunningness in icici package offers.
I bet none of u wud hav been able to get a clear picture of how much gonna be the credit into ur ac, even try with the first batch u wont get an answer.
do u honestly think the hr will not know the answer and can't tell u , somebody had contacts in icici hr as tey bragged i these posts let ehm find it is very difficult,
my bet 65000 to 70000 after ur emi,minus tax and have to file tax return to get more.Icici adds variable pay bonus, and other which may not get as standard into ctc
2.dont expect to get any salary hike in first three years ,
u have to get 1 or 2 rating to get it even u get it will be less
3.GROWTH BY APPRAISAL system and no quantifiable measures based, purely on opinion and BUTTER UR BOSS
4.DRACONIAN RULES-- FULL UNIFORM ON SATURDAYS--SATURDAY FULL DAYS.
imagine saturday night 8.30 pm and u r working with tie and full sleeves on ,
and leaving office by 9 based on situations u may go even late
5.TARGET PRESSURE ON LIFE INSURANCE POLICIES NOT ON BANKING PRODUCTS...
come on guys banking is not wat u think it is , now a days private banks has completely changed the banking industry
it is no more than even selling banking products it is purely selling life nsurance policies,
6.EASILY TERMINATED ON STRICT CONDITIONS..
icici bank will be merciless in process and never ever do anyting against set process people will be terminated
without expectations, even if ur boss ask u to do something against process mainly for it, ops and sales guys too,
u will be terminated as such , never ur boss can save u or himself, all will be terminated without mercy,
our bank is very professional in this and i like it in some way.
7. BEST ALTERNATIVE IS SALARY OF RS.55-70 K IN OTHER COMPANY WITHOUT MBA BREAK AND 3 YEARS BOND..and saturday holidays.
8.u may be transferred to any loctn if ur boss is angry on u .. to remote rural villages ..based on attrition in retail branch banking.
9. consider the loan emi cost in take home and cost effect of relocating your whole family to the new location,,along with
working wife or husband, babies and aged parents..
10. the variable pay that is called as bonus in icici is not guaranteed every year..mostly very less even if u get..hard to get it past meaningless appraisal system
Performance appraisal in icici ic not numerical, even for sales persons achieving targets veto power lies with boss,
this de-heartens u from involving in work.
11.off on sunday is situational..working til saturday 9.30 night..20% extra effort per week its actuly more tthan 50% effort per week
12,think why so much attrition in retail banking...
13.course content is irrelevant,u got to learn selling skills and ability to tolerate harsh criticisms in bank from bosses.
14.aftr joining never expct hr to answr any of ur query thats not the culture there...u hav to read all docs and interperate
and by this time u know it to an extent and here hr culture is like no help to be given to staff , no discussions , their job is recruiting only
no relationship mnagement
15. utter dis regard for ur current notice period shwos their true character .they could have recruited u in nov or dec and asked u to join in apr, cant they do it? is is such a big deal they are recruiting twice a year
why cant they recruit apr 2014 batch in oct 2013 itself and giv them time , ? they wanna join u without thinking.
16.life insurance selling remember guys, how many scoldings u do to insurance sales phone calls...some of u may b shocked to know the way life insurance products are sold in banks,
except it and risk other vertical staff has a good chance of getting into insurance sales, at those days u will fail to realize that u or on the rolls of icici bank but will start feeling that u r
reporting to and working for icici prudential exclusively.
17. + point is u may get a job again in hdfc or axis but only if u have prior banking exp they will give u more than 17 or 18 lakhs.. guys from non fin bacgrnd with 3 yr exp dont expect a job easily in hdfc or axis
.. even if u get u will get a sales job.. but the same life insurance selling job.. but 12 or 13 lakh at hdfc and axis bank will be more than enough for u to run out of icici bank when u finish 3 years there
18. for anybody more than 7 to 8 lakh per annum current job,, this may be a see/ saw decision...use lot of calc /excel and graphs and then decide..
19. and for people thinking abt internships it is nothing but gruelling ops job or harsher sales targets achive it and survive.. no teaching for you in internships..
20. niit univ is selected particulalry bcoz, fees is less for icici and while u try for a job in open market in other banks they will have their own rule as to how much package
can be given what tier college like tier-1 or tier 2 and this niit univ comes in no tier and un ranked.. so ur chances of getting into a better high salary job is very dificult
moreever other banks has got internal rules of how much max package can be offered to which college passouts so only ur total exp is counted not ur mba
niit univ degree it is actuallly to block u from going out of icici
now important suggestions for joiners after their mba and first month into icici bank,
1. clsose the loan by mba course time or max first year of job so that u can move when u get a better offer..
sure with icici u will start searching for a new job in less than a year
2. nver take any loans from them especially subsidized loans they are booby traps to kill u financially
( special caution in taking corporte credit cards, corp car loan, staff loan, take all these things from other banks till u work in icici ..
bcoz if u take this from icici u will face lots of internal hurdles when u try to break free and indirect problems
3. never over ride set written process in bank even of ur boss says so.. bcoz they will terminate u without mercy
4. strict no to facebook and twitter and other social media in office, u will be viewed in seperate way
6.u may now feel who will break these rules but in work presuure u may be remember.. make ur mind as hard as possible...
imagine saturday night 8.30 pm and u r working with tie and full sleeves on ,
and leaving office by 9 based on situations u may go even late
5.TARGET PRESSURE ON LIFE INSURANCE POLICIES NOT ON BANKING PRODUCTS...
come on guys banking is not wat u think it is , now a days private banks has completely changed the banking industry
it is no more than even selling banking products it is purely selling life nsurance policies,
6.EASILY TERMINATED ON STRICT CONDITIONS..
icici bank will be merciless in process and never ever do anyting against set process people will be terminated
without expectations, even if ur boss ask u to do something against process mainly for it, ops and sales guys too,
u will be terminated as such , never ur boss can save u or himself, all will be terminated without mercy,
our bank is very professional in this and i like it in some way.
7. BEST ALTERNATIVE IS SALARY OF RS.55-70 K IN OTHER COMPANY WITHOUT MBA BREAK AND 3 YEARS BOND..and saturday holidays.
8.u may be transferred to any loctn if ur boss is angry on u .. to remote rural villages ..based on attrition in retail branch banking.
9. consider the loan emi cost in take home and cost effect of relocating your whole family to the new location,,along with
working wife or husband, babies and aged parents..
10. the variable pay that is called as bonus in icici is not guaranteed every year..mostly very less even if u get..hard to get it past meaningless appraisal system
Performance appraisal in icici ic not numerical, even for sales persons achieving targets veto power lies with boss,
this de-heartens u from involving in work.
11.off on sunday is situational..working til saturday 9.30 night..20% extra effort per week its actuly more tthan 50% effort per week
12,think why so much attrition in retail banking...
13.course content is irrelevant,u got to learn selling skills and ability to tolerate harsh criticisms in bank from bosses.
14.aftr joining never expct hr to answr any of ur query thats not the culture there...u hav to read all docs and interperate
and by this time u know it to an extent and here hr culture is like no help to be given to staff , no discussions , their job is recruiting only
no relationship mnagement
15. utter dis regard for ur current notice period shwos their true character .they could have recruited u in nov or dec and asked u to join in apr, cant they do it? is is such a big deal they are recruiting twice a year
why cant they recruit apr 2014 batch in oct 2013 itself and giv them time , ? they wanna join u without thinking.
16.life insurance selling remember guys, how many scoldings u do to insurance sales phone calls...some of u may b shocked to know the way life insurance products are sold in banks,
except it and risk other vertical staff has a good chance of getting into insurance sales, at those days u will fail to realize that u or on the rolls of icici bank but will start feeling that u r
reporting to and working for icici prudential exclusively.
17. + point is u may get a job again in hdfc or axis but only if u have prior banking exp they will give u more than 17 or 18 lakhs.. guys from non fin bacgrnd with 3 yr exp dont expect a job easily in hdfc or axis
.. even if u get u will get a sales job.. but the same life insurance selling job.. but 12 or 13 lakh at hdfc and axis bank will be more than enough for u to run out of icici bank when u finish 3 years there
18. for anybody more than 7 to 8 lakh per annum current job,, this may be a see/ saw decision...use lot of calc /excel and graphs and then decide..
19. and for people thinking abt internships it is nothing but gruelling ops job or harsher sales targets achive it and survive.. no teaching for you in internships..
20. niit univ is selected particulalry bcoz, fees is less for icici and while u try for a job in open market in other banks they will have their own rule as to how much package
can be given what tier college like tier-1 or tier 2 and this niit univ comes in no tier and un ranked.. so ur chances of getting into a better high salary job is very dificult
moreever other banks has got internal rules of how much max package can be offered to which college passouts so only ur total exp is counted not ur mba
niit univ degree it is actuallly to block u from going out of icici
now important suggestions for joiners after their mba and first month into icici bank,
1. clsose the loan by mba course time or max first year of job so that u can move when u get a better offer..
sure with icici u will start searching for a new job in less than a year
2. nver take any loans from them especially subsidized loans they are booby traps to kill u financially
( special caution in taking corporte credit cards, corp car loan, staff loan, take all these things from other banks till u work in icici ..
bcoz if u take this from icici u will face lots of internal hurdles when u try to break free and indirect problems
3. never over ride set written process in bank even of ur boss says so.. bcoz they will terminate u without mercy
4. strict no to facebook and twitter and other social media in office, u will be viewed in seperate way
6.u may now feel who will break these rules but in work presuure u may be remember.. make ur mind as hard as possible...
@sriram82 I think i'll reject this offer.....have a close opinion with the first batch and then decide to apply again or not.....this is a serious booby trap....i guess they stopped recruting from top colleges only becoz I am sure none of them stayed with the bank for more than a year..for sure...after having such bad experiences......so this 3 years bond is a serious TRAP..for mediocre people like us..!!..am seriously thinking now..
and puys,
I honestly dont think why anybody working in or near their native town , with a saturday holiday ( atleast in most saturdays if not in all saturday ) with a salary of 55 to 70 k will move to this , especially after seeing IT MNC work culture ,
got to brace up yourself for a hard ride which u will never believe to be like that until u see it first hand..
i had seen guys from bpo / kpo cry on a daily basis in icici work culture, and IT guys feel bpo and kpo as factory , dont know wat they feel about icici ... in india it is precious to find 5 days a week job .. think and prepare ur mind well for the reality...
and puys anybody thinking abt finance industry and banking try PSU , RBI , CIVIL services way to get into indian finance industry not the icici which looks so easy .. with a trap..
or else i juz want u guys to give a visit to couple of icici branches in your town , talk to two or three branch manager( mostly m2 or m1 or cm 1) or some branch operations manager.. wats ur loss.. u juz meet hem and talk to them .. it diesnt cost you anything.. luk how an icici branch works ...and i honestly expect more than 60 % to 70% ofu guys to be into retail banking, or customer facing corporate banking..
juz go to ur neighbourhod icici bank, anybody can go to a bank and talk to a couple of guys there (in the range of branch ops manager or branch managers ) not inside office probably over a cup of tea outside they will shed light into the darker corner of icici....
yes all industry has negatives including IT , but wat is ur loss in going into a branch ..and see without closing your eyes...if u r selected for an it job in tcs or infosys or wipro i agree u can not go into the office and check for yourself.. but u can do that in a bank always..jus do it..
all the best enjoiee ur college life again for two years...
@NICK_SAM
hi all, see this link also this is not by me but somebody in net.. search for link like this
@sriram82 Are u from ICICI...Which place and designation?
How true is the above points and the Inhand Salary component.......... The loan will last for 5 years once we start our job and cannot be settled before......
LOL..! i think ill wait and improve on my GMAT...am sure any avg guy can make it to a tier 2 college with a little prep...am not taking a chance now..until i get a clear picture for the later 3 years of the 5 year bond.....i'll reason that i cld not be releasedin 2 months. The level of aptitude questions itself says it all...and the way they organised the result announcement only says that they are not organised and not bound to keep up....u can definitely get a better offer from citi group or so...(if banking is your domain) in less than 2 years if you can get into a tier 2 B School...
@ sriram.....dude i agree with you......I have talked to guys in ICICI abt salary and attrition rate and to my surprise they are of the same opinion...thanks buddy for highlighting these point really i will think again before joining........at present I m working with leading IT company and my take home is 48 k and CTC is 75k including variable pay by doing this course i will be loosing my two years..by that time in my presentcompany itself I can earn around 70k + with flexible timing.....Dear all we need to seriously give re look to this
@pk.rider4u What the HR told about the in hand salary after 2 years... considering 15 lacs CTC.... My current inhand is 65K