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14 to 16 LPA - Tier 1
Firms like Cyril Amarchand etc. Even boutiques like Finsec, Vertices can be considered Tier 1 because of the salary part.
9 to 12 - Tier 2
5 to 9 - Tier 3
If a firm is capable to pay X amount to a fresher it means they have means and better quality of work + blue-chip clients. Therefore :