How to grow salary by 40X with ZERO spending on MBA/Masters/MiM | Salary Growth Guide
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- čas přidán 9. 07. 2024
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In this video, I discussed how i increased my salary and how you can increase your salary too. This career growth guide will help you get ahead in your career and avoid potential pitfalls early on. You can increase your salary with these methods I used and also get a high paying job if you work on these.
I started my professional journey right after my B.Tech at Accenture. My salary at Accenture was 17k per month or even 14k after the taxes. This continued for almost 6 months. I used to go to the office by 9 PM, play table tennis for a few hours, have lunch, and then play some table tennis, relax for a few hours, and then come back home. Anybody would love to take a 14k salary per month after only playing table tennis. But I was getting anxious that I was only playing table tennis and not learning anything on the job.
This was my first job and I didn’t know if my professional life was going to be just like this in the future as well. This is why I started applying to a few more jobs. And I got multiple rejections. I stumbled upon a small startup at that time known as Mu Sigma. It was a data analytics company. I had an interest or inclination towards the aptitude kind of questions. I got in and the salary was almost double. I was getting 28k per month but the work conditions were completely different. I had to work for 14 hours and on some days up to 18 hours.
But I got to learn a lot. I learned a lot about data and how it is used in making business decisions. My career learnings at Mu Sigma were the highest. I also got to work with Fortune 20 clients. I was also offered to work in the US with an H1-B visa. I was earning in dollars without having to spend anything in dollars. It was a positive ROI from the beginning. I was working in Seattle and the work conditions were much better. The work time wasn’t more than 8-10 hours. I liked the work I was doing. It rains in Seattle 9 out of 12 months so I didn’t quite enjoy the city.
Because I didn’t like the city I started applying for other jobs and got more than 300 rejections. However, I got a few interview offers and one of them was from McKinsey. So, went for the McKinsey interview. Most of my colleagues told me that since I was not from a great college in India let alone from a great university in the USA, my chances of getting selected were pretty slim. Because of this, I didn’t have a lot of stress during the interview. When I was asked to offer possible solutions or answers for a specific problem, I would tell one option and then another and then another until I ran out of answers. Lastly, I told the interviewer that if nothing helped, I would take their advice to solve a particular problem because they were the experts.
At Mu Sigma US my salary was $65,000 and after this, at McKinsey, my salary moved to $1,10,000. After learning a lot from my work at McKinsey US, I moved to INSEAD. I didn’t pay anything for my INSEAD MBA because McKinsey sponsored it for me. I had to come back and work at McKinsey for another 2 years but that is only fair because I was free of any education loans. After coming back to McKinsey my salary increased to $2,20,000 as I started working as an Associate there.
The first takeaway from this is that you should prioritize companies where you learn more over earning more in the early part of your career. The second learning is that you should have a specific skill that you must master. The third takeaway is to avoid taking loans in the early part of your career journey.
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About Me
I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video
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Chapters
0:00 - Intro
1:00 - Mu Sigma
3:02 - McKinsey
3:58 - Cracking McKinsey Interview
5:39 - INSEAD
6:50 - Takeaways
9:13 - Outro - Zábava
Great advice, Pavan. Placing the importance of learning before earning is so important & unfortunately many of us youngsters are more concerned about the financial package but not the growth/learning package that comes along with the job & whether the latter is actually worth it or not.
Great advice. Keep working on your skills and push yourself beyond the limits, this will take us far ahead in life. Thank you for providing a quality information.
Your videos are so insightful and helpful! Thanks alot.
Great video Pavan, lot of good insights!
Good for you. It's the decisions and executions that provided you. Congratulations 🎉
Thank you pavan for very informative and motivating video. I am also currently working at mu Sigma and could relate all the things you mentioned.
This is most inspiring video i have seen in a while, thank you really !!
Very good info anna😊
Love the way you narrated this Raju gaaru and hats off to your career aspirations and clarity in mind what you want.
Great video!
Genuine sir ❤ you are the true face.. was frustrated due to IT influencers nowadays
Thank you for making such videos
Make a detailed video on how to be a business analyst and how to get the job in good companies
Excellent video 📹.
Very very inspirational journey and you understood all things in very simple manner ❤
Wow. You came back to India after all that. Amazing. I simply love you for this one thing. This is how our India can be next super power. God bless your venture. Subscribed. 🎉
I completely agree with the try to be debt free
This was a great watch thanks!
Thank you:)
Inspired☺
Hey, Thank you for letting us know your career path, it really sounded like Hard work comes before Luck. Very Nice. If you could make The vlog, in series form, explaining all topics that you suggested at the end to every level of professionals such as (Beginner, Mid, Senior, Director ). Thanks again, keep up the good work. You are the next...
Very insightful.
Glad it was helpful:)
Thanks Pavan, you just gave me a ray of hope :)
My pleasure 😊
U r really very helpful sir
Meeru great anna
Respect to you, your dedication and hardwork
Thank you Rishi;)
Well he was just lucky to have clicked at right time. Now lot of Indians have flooded the us market. Besides getting 65000 pa in us will be paid by any Indian company. Besides data analytics just helped him jump his career
Hi Pavan! Thanks for this insightful video, really helpful :) Request your guidance on how to start your career in the Data Analytics industry as a beginner? Which tools to learn/ which courses to take? (coming from non-tech background)
Thanks for the kind words:) This is what I would propose:
Start with data analysis. First recognizing trends, identifying outliers, data cleaning, and then doing basic regressions.
This itself can take you places!
Spend time with data. That should be your objective!
Use any tool. Excel/R/Python/Sas/Tableau doesn't really matter!
Your life is a survivorship bias… don’t expect everyone’s to follow you or your life.
Exactly.
Hey but it’s not bad advice
It's time and opportunity along with skills. How many skilled professionals get US opportunities like you? Do you think your salary would have been 40x if you worked throughout in India. You are just lucky other than being skilled. I agree with your point to develop core skills and expertise at the initial stages of your career. It gives an edge over your peers. India has no labour laws and there is high exploitation of the middle class and lower middle segment Educated people are forced to compromise for lack of better options. More supply and less demand due to huge populations.
8:06
Learn only this.
This will help a lot.
Hey pavan, what an insightful video.
Can you list some areas where we can build our expertise? Which will be lucrative in the near future.
Hello sir great video!! Could you please take us through a roadmap if any for various roles in data analytics? How can one develop expertise in this area
Thanks for the kind words! This is what I would propose:
Start with data analysis. First recognizing trends, identifying outliers, data cleaning, and then doing basic regressions.
This itself can take you places!
Spend time with data. That should be your objective!
Use any tool. Excel/R/Python/Sas/Tableau doesn't really matter!
'Develop expertise in an area'...in this, if my sector is niche one, say Telecom and i work for a service based company, where most work is related to support projects, then what career trajectory should i take sir ? Kindly send some guidance
Inspirational pawan.We would love to know more about your life journey..Also which courses to pursue in data analytics..
Thanks Satyam! This is what I would propose:
Start with data analysis. First recognizing trends, identifying outliers, data cleaning, and then doing basic regressions.
This itself can take you places!
Spend time with data. That should be your objective!
Use any tool. Excel/R/Python/Sas/Tableau doesn't really matter!
He was at the right place at the right time
Sir please provide more insights on Expertise in One Area
Could you tell more on that one “expertise” part?
Hi i am a math teacher since last seven years. Planning to switch to data analytics. Is it possible? At the age of 33 given my work experience
Bro gap in resume,
Age, these are like huge no for IT companies during interview 😢
Make a video on the Warning that the World Bank is giving that Asia could undergo the worst economic crisis of the century! I am a recent grad so what should I do?
🙏🙏
Please dont mislead others. Its a matter of shear luck you you faced throughout.
I am sure you have heard the team 'survivorship bias'
Can you please let us know what was your domain/skill at Accenture
I am looking for a job now,what can I do
Good to know.What are u trying to prove||||
Kaun si tax slab Mai the Aap,Jo apko 2,04,000 annual Mai bhi 36,000 tax bharna pad rha tha !
can uh please explain!
I got stuck in my career from last 4-5 years. Need a break through. I am from IT Telecom domain. Also have basic knowledge in Azure and AWS. Please suggest.
Truly genuine!
Thank you:)
I joined accenture in 2009 for 9k as contract employee......
Misleading people with inflated salary numbers, please don't do it mate for your personal gains. Students take money from their parents.
Hello Sir. I am working in an operations consulting firm and i have done bachelors in Mechanical engineering.
How can i join Mckinsey?
how can i start my career in Data analytics? any roadmap? courses?
sir can BA candidate get into it sector . please help me out
Thank you for sharing your amazing and inspiring journey Pavan! I'm constantly up-skilling myself too ever since I joined Blue Chapters but I'm facing difficulty in developing an expertise in one skill probably due to distractions such as changing trends. Would appreciate if you can share any tips to tackle this problem.
Hi Prasanna,
That is a common problem that we all face. Drop a note to Blue Chapter email with your resume & I will respond!
65 k dollars per month???
@@Hrithik-pk2mq per annum bro.
Hello sir, just want to ask is it a good option to move into data analytics or business analytics field at the age of 31 as well to grow in future? Your advise would be helpful
What are u doing now ??
@@theanonymous111 I am working in Finance and accounting operations having an experience of 5 years
Hi sir I'm looking for a new job
8:06
Is the most important take away in this.
Sir one question, 6 months k experience k sath different domain me apne interview kaise clear kia? Can you please make a video on this topic... As a fresher how did you prepare for business analyst role ?
Us time pe easy tha...
Accenture salary 17k. Why was there 3k tax on that dear Sir 🙂 Till 5 LPA, there is no tax 😏
Which year you started your job at Accenture
I understand the impact of gloomy weather totally wrecks your experience!
It was a killer for me!!
17 par konsa tax lagta hai 3k ka
I want to be like sir.........................
Thanks but your career template might not be the same for others....
I find it funny, some people compare salary from India with overseas salary just based on conversion rate. Its not right way of comparing salary. Earning 1cr in US and 25L in India, one can have a much better life in India. Pls dont misguide young generation. Not be fooled by numbers.
Hey you mentioned 65K USD per month, I'm assuming its an year because per month is a lot of money. Please confirm
Yeah me too have that same doubt 110k per month?
Noo its p.a
Hello Pavan, I am CA with 18 years of experience with industry. I found this video very useful, can you please guide me about journey that I should take .
Do send your resume/LinkedIn & drop a note to info@bluechapter.com
I will respond.
What is he doing ‘here’
65000 dollars per month ? I thought basic salary is 65000 per annum
Hi Pavan. Thanks for sharing your experience. How can I connect with you for 1:1 consultation? I'm also working in Data Analytics space and looking forward to do international MBA!
Same here
Sir talk about these consulting firms quantum black bcg gamma etc which is acquired by McKinsey bcg companies
Please make a detailed video on these quantum black,bcg gamma etc
What these companies does
Hierarchy structure etc
You have worked in McKinney so you can know better
These companies are working in data domain
What about freshers they don't see any cororna like you have seen which give you 5 times salary also old job gives you experience by which you grow easily if I was a 2019 passout I would have been join at 3.6LPA it would be nearly 15-18 LPA I think so
Maybe in old times it was easy to do that but now maybe difficult
As you are having very large experience than me I am just giving you my thoughts😅😅
You mentioned 65K usd per month in McKinsey? Is it per month or annual? Just curious! Rest the video is really insightful.
Same doubt
Per annum 😂
You were just a lucky chap who got easliy what others dream off and did well in career and then give it all away to return back to India !! I dont know how much of uour decision to come back to India was helpful to you , It sounds good in bollywood movies to retrun back to homeland ! But Life in India is tough for People given the current scenario where Inflation and cost of living is super high with zero quality of Life and too poor Work Life Balance! I dont know why you wanted to retrurn back you could have taken American Citizenship and be an enterprenuer in US or Managed a team in India from US living there !!
I was trusting every word you said to me until the point you said that your salary from Rs. 28000 Mu sigma in India transitioned straight to 65000 USD per month. What Bullshittt. Not even a CEO gets a salary hike of that sought.
Dude. That was a mistake. I was in the flow and did not realise. It was 65000 per year:)
65k dollars per month, should be per year
One question were you really paying taxes at 17000/month 😂
i want to know how a guy who played TT and nothing productive at work made it to a start up company that time
You must have been working back in home to learn relevant skills and used to prepare for interviews surely
am i wrong? or how was it
It was because, I was preparing for CAT while in college & I was very good with Data Interpretation.
This is the exact skill that is required in a data analytics company. It was just the right match.
Can you share some pointers to improve data analytics skill
I started with data analysis. First recognizing trends, identifying outliers, data cleaning, and then doing basic regressions.
This itself can take you places! Use any tool. Excel/R/Python/Sas/Tableau doesn't really matter!
did he says 65k per month salary. may be its yearly
Yes and its in $
This is another classic example of survivorship bias.
65k per month thats insane
It was per annum
Were did he go to study MBA...
Went to INSEAD
Very proud that you are a Telugu person
this video added zero value, idk why youtube recommended me this.
The Salary you mentioned $65000, per month??
That was a mistake:)
MBA not 80lakhs 80thousands
0:04 "I used to make 17k a month, which would be 14k after taxes"💀
You weren't even eligible to pay taxes so what were you yapping about bruh!
3:30 - 65k per month??? wow
He meant per annum
It's just raining privilege after another in this video😂
65000$ per month? At 03:40
It's per annum
$110000 Per month. .? ????😲😲
Abbe is stop believing this chutiya youtubers, you start to calculate PPP and you will be astonished to think that 17k in india is better than 100k yearly in USA! ek bar PPP check Kar liya Karo.
Rs.17k per month and then 14k after taxes? When did givernment start taxing people with less than 250000Rs annual income? Which year was it. Or are you just making video to get views and giving all fake information here?
Dude, no reason to fake:) I didn't know the difference between Gross and Net. Salary was what I got in my bank account and everything else was a false promise by the company. in 2008. I have 15 years corp experience:)
That cut may be PF or retirement fund may be?
Your life story is not replicable