Financial Services Vs IT Services
Though i always knew that Banking, IB etc profiles would be far better placed in terms of "CTC" then we guys in IT; this year the gap has started to widen and with dollar re fighting with each other, I am quite sure its time guys like me in IT will struggle to grow.
When banks like HSBC, Citibank etc are paying anywhere between 10 L - 14 L plus bonuses to freshers, IT is paying around 7 L to freshers. Investment Banks were always a distance away and the gap has widened in last 2-3 yrs with IB paying 10 L + bonuses, with these bonuses going as high has 200% of your salary ~ a starkling 21-30 L yearly.
Its not just money which worries me, there doesnt seem to much growth and the IT market suddenly seems to be on a mature path. The roles for MBAs arent clearly defined, the type of work demanded from them isnt defined, the KRAs arent clear and hence you end up living in a false world. Except for cos. like Cognizant, Infosys and few others - there arent many IT cos. which do respect the "MBA" tag.
Domain Consultants, Business Consultants, Pre Sales Consultants, Application Consultants - whatever they call you the profile moreor less remains the same. There isnt much to think and challenge. Is this time for a change...Either roles are designed for MBAs in IT Industry or MBAs move for industries where there is satisfaction - Banking, Investment Banking, FMCG, Real Estate, Retail....
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2 comments:
mein bol rahan hoon sab kuch gatiya hai..aur onsite mein aur bi gatiya kaam karte hain.. aur jo bhi company ke baare mein thoo achaa raah lakh rahaa hai wahaan bhi gatiyya hi kaam hai.. IT MBA walon keliye nahin hai.... doosri naukri doondne kaa time hai abhi..
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