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Who's the boss? F*** them up.
Yeah. I have raised this.
Ganda hai par dhanda hai ye!
If you have skills and you don't see growth, keep switching and you may reach there some day
It’s all demand and supply. Nothing to do with skills.
BCG 1 got it right. It's supply demand issue. If the firms don't pay well, top IIT and IIM grads have lots and lots of lucrative job options to choose from. This is the reason that even KPMG had to start paying more to B school grads because they were losing out talent to other firms.
Plus there's one more point- Bias of clients towards the team members from IITs IIMs. I am not so sure about this but showing that you have good consultants from top schools somehow helps in Winning clients' trust and projects 😋
It’s what the market demands. The IITian probably is a under 500 JEE ranker.
What your employer pays you is a reflection of the promise they see in you. That pay difference starting off is simply because folks from these elite schools are already certified by their schools, they act as brand.
They have been in a race before, and have shown they have the calibre to slog it out and come out on top. While you (or me) are ones that have lost that race.
In the long run, you can still pull your weight if you prove your promise. But right now, they have a certificate to show, you don't.