CAM and other Big 7 salaries are comparable to IIT tier 1 domestic salaries and IIM tier 2 domestic salaries. So I would say that Big 7 associates in India are comparable in stature to Magic 7 associates in the UK.
1. Thought Machine - £60,000 2. Meta - £57,000 3. Macquarie Group - £55,000 4. Goldman Sachs - £50,000 5. Bank of America - £50,000 6. Deutsche Bank - £50,000 7. BlackRock - £50,000 8. BNP Paribas - £50,000 9. Credit Suisse - £50,000 10. Clifford Chance - £50,000
So Clifford Chance is among the top 10. Now, let's look at India. Would CAM or SAM be in the top 10? Would a CAM or SAM fresher from an NLU expect close to what a Meta or Credit Suisse fresher from an IIT gets? If not, then time to liberalise and get Magic Circle firms to India.
2. Meta - £57,000
3. Macquarie Group - £55,000
4. Goldman Sachs - £50,000
5. Bank of America - £50,000
6. Deutsche Bank - £50,000
7. BlackRock - £50,000
8. BNP Paribas - £50,000
9. Credit Suisse - £50,000
10. Clifford Chance - £50,000
So Clifford Chance is among the top 10. Now, let's look at India. Would CAM or SAM be in the top 10? Would a CAM or SAM fresher from an NLU expect close to what a Meta or Credit Suisse fresher from an IIT gets? If not, then time to liberalise and get Magic Circle firms to India.
Source:Â https://www.newsbreak.com/news/2584972247755/highest-starting-salaries-in-the-uk-revealed-financial-tech-firm-thought-machine-takes-the-top-spot-with-60-000-a-year-packages-for-entry-level-jobs-so-does-your-company-make-the-cut