Hi a few seniors from batch 23 & 24 got placed with ICICI and I wanted to know the following preferably by somebody who knows the working of both ICICI and a tier one:
1. does icici only take freshers through campus recruitment or can one apply individually as well
2. what is the pay and wlb difference at icici and a tier one
3. is an inhouse role better than working at a tier one
They pay 17l to freshers in the Mumbai office (do not know how it is split) and the working hrs are pretty relaxed. Consider only ICICI, Mumbai ; YES Bank, Mumbai (since its full of ex ICICI people); HSBC/HDFC, Mumbai ; Bharatpe, Gurgaon; Wipro, Bangalore - if you are considering an in-house career since they are pretty well organized and headed by competent lawyers + management. As far as ICICI, Mumbai is considered, they only do campus recruitment from SLSP, NUJS & NLSIU is what I have observed. There is a very big difference in pay at the senior levels if you compare pay scales with law firm people.
In hand pay is 10L once you become a legal manager. During the management trainee position it is 50k per month and you have to undergo training for 4-6 months
Don't get fooled by inflated figures. All of these figures are official onea from RCC email. Can even upload screenshots if someone is still doubtful
10 L fixed, 4 L assured bonus once you complete 12 months + 2 lacs (performance bonus ), total comes to 16 CTC. Just keep in mind that this is CTC and you will have to shell out more on tax than law firm peeps. For the first six months you will be given a non-legal generic role like a relationship manager. This could spoil your chances of a switch after 1 PQE
1. does icici only take freshers through campus recruitment or can one apply individually as well
2. what is the pay and wlb difference at icici and a tier one
3. is an inhouse role better than working at a tier one
thanks!
Don't get fooled by inflated figures. All of these figures are official onea from RCC email. Can even upload screenshots if someone is still doubtful
Management trainee/Relationship manager is the biggest โฎโฎโฎ. Please avoid ICICI at all costs. Go for a law firm even is it pays less in the start
pay increases after probation