SBI Chairman Salary=27 lakhs=Salary of 2007 ca topper Salary

Final 11914 views 5 replies

shinoj

1201 Points Joined January 2009

Well guys,

the biggest reason as why many still want to join banks like ICICI/HDFC n FMCG packs like HUL/ITC as they give pay u as per your caliber ...but OP bhatt of SBI(chairman) annual compensation is very less just at 27 lakhs while shikha sharma of axis bank is over 3 crores..it is interesting to note that ca final topper of 2007 who also completed cs with rank is getting just above 27 lakhs..it would be waste of time to mention highest salary of fresher IIM grad which is already over 50 lakhs per annum..By his(op bhatt) own admission , he cannot afford to retire on the pension of SBI. “I need to work to support my family,” he says rather humbly over coffee in his rather spacious 18th floor office in Mumbai’s central business district — Nariman Point.However, there is something about that list which bothers him. He points out that he is the lowest-paid CEO on the Fortune 500 list. (The SBI chairman’s compensation in the last financial year was Rs 27 lakh, while on an average a Fortune 500 CEO earns more than $10 million or Rs 47 crore a year)....

Replies (5)

Faiz Ahmed

Article Trainee

1731 Points Joined June 2010

Thnx for this message. Its motivating to see young generation getting starting salary equivalent to old people in industry.

Ashish M

Chartered Accountant

2731 Points Joined January 2008

These kind of high salaries create economic imbalances and give rise to inflation in the economy....!!!!! govt. had rightly thought of putting a tab on these high paid geeks...!!!

shinoj

1201 Points Joined January 2009

@ Ashish

i'm not agreed coz if u don't give high salaries good people will move out of india.....u have to pay premium..even op bhatt agreed salary just too low n he has to work even after retirement...also for getting into HUL/ITC u have to secure rank in ca final n must have good exposure...they r hiring these geeks coz they take good work from them too......

sameer khanna

nil

176 Points Joined May 2010

Shinoj who has told you that one needs a rank to get into HUL/ITC? nothing as such. and let me tell you that ITC and HUL arent the highest paymasters. please do not make assumptions. kindly be informed correctly Shinoj.

shinoj

1201 Points Joined January 2009

@ sameer

i think u are not CA to know what is required to get into hul/itc..ofcourse u may land into ITC even without rank but first attempt ca final is required....for hul/p&g u have to have rank in ca final..when i say hul/itc/p&g i mean they r best employers for CAs..for IIMs goldman sachs etc for investment banking jobs n CAs r not get hired by investment banking companies but prefer IIM grads..for Business leadership programe HUl offers 15 lakhs per annum to CA fresher..if not HUL then who else is best employer for CAs? now don't say Big 4 coz they might be btter then other CA firms but pays horribly to CA freshers......now don't say google etc is best....coz they never hire CA fresher..plz get ur facts right.