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In this video, I discussed how i increased my salary and how you can increase your salary too. This career growth guide will help you get ahead in your career and avoid potential pitfalls early on. You can increase your salary with these methods I used and also get a high paying job if you work on these.
I started my professional journey right after my B.Tech at Accenture. My salary at Accenture was 17k per month or even 14k after the taxes. This continued for almost 6 months. I used to go to the office by 9 PM, play table tennis for a few hours, have lunch, and then play some table tennis, relax for a few hours, and then come back home. Anybody would love to take a 14k salary per month after only playing table tennis. But I was getting anxious that I was only playing table tennis and not learning anything on the job.
This was my first job and I didn’t know if my professional life was going to be just like this in the future as well. This is why I started applying to a few more jobs. And I got multiple rejections. I stumbled upon a small startup at that time known as Mu Sigma. It was a data analytics company. I had an interest or inclination towards the aptitude kind of questions. I got in and the salary was almost double. I was getting 28k per month but the work conditions were completely different. I had to work for 14 hours and on some days up to 18 hours.
But I got to learn a lot. I learned a lot about data and how it is used in making business decisions. My career learnings at Mu Sigma were the highest. I also got to work with Fortune 20 clients. I was also offered to work in the US with an H1-B visa. I was earning in dollars without having to spend anything in dollars. It was a positive ROI from the beginning. I was working in Seattle and the work conditions were much better. The work time wasn’t more than 8-10 hours. I liked the work I was doing. It rains in Seattle 9 out of 12 months so I didn’t quite enjoy the city.
Because I didn’t like the city I started applying for other jobs and got more than 300 rejections. However, I got a few interview offers and one of them was from McKinsey. So, went for the McKinsey interview. Most of my colleagues told me that since I was not from a great college in India let alone from a great university in the USA, my chances of getting selected were pretty slim. Because of this, I didn’t have a lot of stress during the interview. When I was asked to offer possible solutions or answers for a specific problem, I would tell one option and then another and then another until I ran out of answers. Lastly, I told the interviewer that if nothing helped, I would take their advice to solve a particular problem because they were the experts.
At Mu Sigma US my salary was $65,000 and after this, at McKinsey, my salary moved to $1,10,000. After learning a lot from my work at McKinsey US, I moved to INSEAD. I didn’t pay anything for my INSEAD MBA because McKinsey sponsored it for me. I had to come back and work at McKinsey for another 2 years but that is only fair because I was free of any education loans. After coming back to McKinsey my salary increased to $2,20,000 as I started working as an Associate there.
The first takeaway from this is that you should prioritize companies where you learn more over earning more in the early part of your career. The second learning is that you should have a specific skill that you must master. The third takeaway is to avoid taking loans in the early part of your career journey.
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About Me
I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video
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Chapters
0:00 - Intro
1:00 - Mu Sigma
3:02 - McKinsey
3:58 - Cracking McKinsey Interview
5:39 - INSEAD
6:50 - Takeaways
9:13 - Outro
14 июл 2024
