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And for what it's worth, the answers here suggest that you can make that much money at about 33 y.o. at a Tier 1 firm. Most of the people don't have their parents bedridden at that age.
Just because someone wants to earn money does not mean they do not care about their parents. It also does not mean that they do not have their priorities correct (they can think about two things at once, right? prioritising family but also keeping in mind finances?)
Your comment reads more like the cliche of 'oh the kids left their poor parents to die just for some extra money, baad mein pachhtayenge yeh'. Not helpful, and full of assumptions that may not even apply to a lot of us.
Increase in money can and most definitely will have an impact on happiness.
Money ALONE isn't sufficient for happiness. But assuming all other factors are present, an increase in money can and does lead to a better lifestyle, better social security and ultimately, greater happiness.
Money, ceteris paribus, makes a difference in happiness.
Money does not equal happiness.
After say approx 12-36L/annum of household income (depending on the city you live in) an increase in money will have zero impact on your happiness.
I have a relative who'd passed outta a IIM ABC working in sales Fmcg making 70 lpa rn (2012 batch) after 10 years.(35 yrs old)
Mind you they completed B tech (22 yrs)+ 1 yr work along with an MBA (25 yrs) as opposed to an A0 at 23 to 33 trajectory
If ur talking about the very few CEOs then compare with General Counsels at 35.
See, this is the reason we need liberalisation urgently.
T2 - 40 y.o. atleast- need to be an equity partner.
T3 - Never. Only the lala makes more than 1 CR. Better to open your own shop than dreaming of making 1 CR at a T3.
Thanks.