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Hi fishes, Need help!!!!! Is gratuity deduction mandatory in Infosys from salary, if yes if leave the organisation after 1 year, are we eligible to receive the paid amount? Or only after 4 years we will receive? How one can opt out of gratuity???? Please suggest!!!!!!!!!!!!!! Infosys Infosys Limited
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Looking to make the move from working in industry to big4 and was curious as to what level and pay I might be worth?
I have 10 years experience out of uni, as well as completed CPA and MBA. I have a experience in managing entire finance function of small/medium entities, but most notably solid corporate finance experience/strategy leading refinance exercises, debt raising, hedging/treasury strategy etc…Would be looking for something in deal advisory / M&A / CFO advisory etc….thanks Deloitte EY PwC @
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KPMG to acquire LEK? Thats so cool!
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Rising Star
There’s a big unquestioned premise here that one’s parents make $200k+ (If you peak at M/SM, you’ll likely be somewhere around $200k TC eventually). The median household income in the US is a fraction of that, so your reference point is…interesting.
As an M, I make more than either of my parents make or made at their peaks, so no, no weird feelings on my end.
My parents have never crossed 150k combined. In fact, they didn’t cross 100k until about 5 years ago. Ironically it was due to my mom retiring with 100% pension and collecting social security (she worked at one place for 40 years 😵😵😵)
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This post is pretty emblematic of the fact that consultants disproportionately come from well off backgrounds. We clearly need to do a better job of recruiting
Vp1 is just absolutely wrong here
Rising Star
I’m 23 and provide for my parents. I’m grateful and humbled to be doing so. Get a grip on reality and be appreciative for what you were given. Life hasn’t been financially easy for a lot of us
This is a psychological problem that you have to deal with. Not an issue with consulting.
I make 1/100th of my great grand dad. But I am confident I will Make as much eventually.
As everyone’s already said, this is an extremely privileged problem to have. That being said, I definitely hope my future kids are wondering about how they can live up to my success. Hopefully they’re not slaving away making slides when they’re 24 if they have a trust fund
You hope they are or they aren’t wondering how they can live up to your success?
Why do you think the odds of making Partner/MD are so low? I feel like it’s inevitable for average to above average performers.
Lmao ok Accenture
I surpassed my dad’s income a long time ago and I am pretty sure my net worth now is higher than his ever was. There is no joy in that - I worry for his future.
I’ve made more money than my parent, because I came from a single parent home has ever made lol at this post. Ha the privilege 😂😂😂
Rising Star
I’m 43. My parents made about 40k annually when I was a kid, drifted into the 60k range by the time I was in high school. We were lower-middle class where I grew up - comfortable but everything on a strict and pretty small budget.
My wife and I cleared 1M last year. And like some others, I was making more than my parents by the time I was like 25.
They emphasized education, curiosity, and hard work, and turns out those were useful attributes.
Rising Star
This same post was definitely made within the last few months. My answer the is the same as now: a 'good' or happy childhood has very little to do with extreme wealth. Also, I make way more than my teacher parents did, had an amazing childhood and hoping to do the same for my own kids. Time is more if a factor than money in my opinion
The dream I’m chasing is being able to make enough to support my PARENTS and my KIDS. It’s not an easy hustle, but since my parents had it rough and neither planned for retirement, it’s up to me to provide. I’m a 34 woman finally making it over the six figures mark. It hasn’t been easy, but it’s my reality, and I’m ok with that.
I make $90,000 CAD which is almost more than both of my parents combined. Grateful and looking forward to helping them out when I can.
OP - a lot of people here have a rough upbringing (needing to work jobs when young, limited extracurricular activities) and can't relate. But I can totally relate to you. When I finally broke 6 figures and told my mom, she said I made very little money working that hard. I have family members who were SM in b4, own their businesses, and even a billionaire. And you are right, there is a lot of luck involved to make it to that level. I know a few years ago that I will never make as much. But I am just happy being me. I think because I don't have multiplier of f-you money, I am gonna to teach my kids that they have to work hard to make a living.
I'm already making much more than either of my parents ever did, including accounting for cost of living (Indiana vs DC); growing up we were on food stamps (just recently learned that).
I have already started a 529 for my 1 year old, which is more than my parents ever did for me.
They raised me as well as they could, but I was given very little outside of the basic parent requirements (clothes, food, bed, etc). Started working at 12, joined the military to pay for college, and worked full time and served in the reserves while going to school full time to be able to afford the DC area.
I don't know you and this isn't intended as an insult: I recommend looking internally and figuring out what you could do better to get where you want to go, and stop blaming things outside of your control.
My mother is a consultant doctor (UK NHS) and my dad has a small business. I earned more than them combined by the time I was a manager… I had an amazing childhood and felt (and was) very privileged despite not going to private school or having lots of the things that I know I could give my future children (if I have them). I still think time and support as well as teaching independence is the most critical thing for any child
Why do you care so much about what your parents make/made? Blaze your own trail and be happy. I bet if you chase that number for decades you’ll be just as unsatisfied as you are today once you pass them in income.
Rising Star
My dad was a community leader, the owner of several small businesses, and a real estate broker/developer. My mom did not work, she stayed home full-time to raise us kids. I say this because we had an amazing upbringing and life; my parents were so honest and ethical and worked so hard. I am sure that I get paid much much more than my dad ever made and probably have for many years, and it just does not seem fair to me. He contributed so much more to the community.
Oh nooo it must be so hard having rich parents 🥺
I can’t relate. My starting salary out of college was more than what my parents were making at that time combined. Not that it even matters.
My parents worked their asses off so I could have a better life than them. I’m trying to do the same for my kids. But in the end, life isn’t a financial competition. Even Bill Gates with all his money is in a messed up situation. Figure out how to be happy with what you have, and stop trying to compete with some unattainable standard.
I know a bunch of high school classmates are happy as can be making $50K a year for decades. This whole app and all the crazy expectations of wealth, combined with all the dissatisfaction with the current state of affairs says that there a lot of people with some messed up priorities.
Already making double my parents did
OP, why do you think you will top out at M/SM? You could probably reach D and P if you really put in the work and want to do it.
D*** & P**** maybe