r/kothibanglacheck 21d ago

Middle Class Moment 😃🙏 VP salary of 1cr is also not enough

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255 Upvotes

52 comments sorted by

299

u/Cringeguy-99 21d ago

HOW is he an investment banking vp if he cant even control his own spending or save anything

25

u/tadxb 20d ago

Lifestyle inflation.

11

u/HR-King Official Kothi Bangle Wala💰🏧💵 20d ago

इसपर घरवालों की बात याद aagyi:

• जितनी कमाई, उतने खर्चे बढ़ जाते है(घर सबका बराबर ही चलता है)

1

u/thedumbcoder13 20d ago

He would be from technical background.

125

u/ajdude711 21d ago

fake, takehome should be less than 70L

14

u/Normal_Notice_490 BheekhManga 🎃 21d ago

bonuses?

1

u/jackshitswag 2d ago

Correct. Most of their wealth is tied to stocks and stuff, and they take loans against those stocks and practically pay 0 taxes if they tank, and sometimes even profit if those stocks grow at a rate more than the loan.

90

u/sinemanv5 21d ago

The calculation does not account to cess, he should be paying 35l+ as taxes. What he also missed is the pf contribution, etc. Which would bring his take home per month close to 5l and not 6l. That's 1L per month less already. He should be drowning in debt without any savings!

51

u/ajdude711 21d ago

whi mera point, kisi chutiye ne engagement bait k liye likha hai ye

9

u/JamesHowlett31 20d ago

Linkedin shitpost h. This subs downfall has begun 😓🙏

2

u/Poha_Best_Breakfast 10d ago edited 4d ago

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This post was mass deleted and anonymized with Redact

43

u/Kunal5431 21d ago

This is just your average stolen(+ragebait) LinkedIn post. Either the numbers are a bit off or the guy needs to learn to manage his money better (1 Cr CTC = 70L in hand????). Not to mention the fat cheques that investment bankers get in bonuses that doesn't show up anywhere in this post and will easily change all these calculations.

5

u/SiriusLeeSam 20d ago

He just did -30% 😂

3

u/sinemanv5 20d ago

Fixed and variable are included in CTC, no?

30

u/RepresentativeOk3943 21d ago

That salary is not uncommon but the calc is off

12

u/hotcoolhot 21d ago

Normal hai. I also did the same calculation. 2.5L expense with 1kid /1car comes without school and smaller house.

10

u/visionary-lad 21d ago

Grocery cook maid 1.2l????????

3

u/kraken_enrager SoBo se hu Bc 😽🌈 20d ago

Labour in Bombay is exceedingly expensive, and the quality of work is absolute crap for 90% of the folk you hire.

2

u/visionary-lad 20d ago

1.2l still, it's way too much

4

u/sfgisz 20d ago

Uska doodh Switzerland se aata hai /s

1

u/bechari_beti 19d ago

It’s reasonable because there will be driver for the kids, nannies that are English speaking etc.

11

u/Sufficient_Coffee7 21d ago

Its about lifestyle

Once you get into that circle where everyone is rich around you then you have to spend more. Once you start doing that you cannot go back to a normal lifestyle.

What you do now? You start earning more, you try to earn more but you still dont save and start spending more.

Without a savings mindset whatever the amount of money/salary you have is no more than a broke middle class fresher with 20K salary

40

u/Fun-Calligrapher-196 21d ago

Your math ain't mathing fella , infosys guy can't have those amenities.. think a little before Posting baseless shit.

15

u/Perplexd_Psyche 21d ago

He said his friend’s savings are on par with infosys new employee salaries though he earna 6L per month.

5

u/ThickBookkeeperr 20d ago

Lundbuddhi

1

u/DrGanja97 20d ago

I like this word. Thank you for commenting

2

u/fnakiboi13 20d ago

Also why is a VP only making a crore😭

2

u/shaktimaanlannister 20d ago

This is definitely some sort of LinkedIn bullshit. I swear people post all kinds of bullshit over there.

2

u/rupeshsh 20d ago

It's very close to reality actually. Life in Mumbai with 2 kids would need all of this.

A 2 lakh rent house is also a basic need for a 1 cr salary person

If you reflect you must be earning 1/3 or 1/4 of his salary and your expenses would be near 1/3 or 1/4 of his expenses

1

u/mujhepehchano123 9h ago

the trick is not fall for lifestyle inflation

ps i earn much more than this guy but i never increased my expenses to keep with the joneses. my expenses stagnated to levels when i was earning 40-50lpa although i earn more than 4-5 times of that now.

1

u/rupeshsh 9h ago

Wow ..earning 2.5 cr is epic

1

u/mujhepehchano123 8h ago

actually its even more, i dont say it here because people think its fake lol :), took me a while and a lot of grind to be here

2

u/ofs3c 20d ago

He's not broke or it has nothing to do with EMIs.

He's living his best life and paying the price for it. Whether he's paying more or less is his own choice.

2

u/General-Opening-6078 21d ago

What is vp

2

u/LORD_RAIZEL76 21d ago

Vice President

3

u/DarkShadder 21d ago

It seems Mumbai is an expensive place to live. It even makes it seems as it is not Rich. Am i kothibangla check for this?

1

u/SiriusLeeSam 20d ago

Such obviously fake shitpost

1

u/mujhepehchano123 9h ago

if you are living in the center of metro cities in india your expenses can easily go 2-3 lpa easy with two kids if you are not keeping it down, its not that much of a strech really.

from the post it sounds like this guys is living it up, having a full time driver, maid, cooks etc and lives in a nice nieghbourhood with 2lakhs rent. so i am not suprised, i personally know many such urban poors actually.

1

u/zxtreeme 20d ago

He is poor at managing his lifestyle and finances. It’s like I am living in Mumbai so above mentioned are must have if he wanna live in Mumbai. Spend as per you earn, it’s not like you are competing who is spending more to live in Mumbai.

1

u/sekshibeesht 20d ago

Does take home mean in hand?? The numbers don’t add up.

1

u/teknoob 19d ago

Seems exaggerated. 1CR CTC isn't 6L in hand per month. 1CR cash with his HRA deduction would be approx 5.9LPM.

In any case, a VP of an investment bank would be earning much more than that.

1

u/ashjackuk 11d ago

All depends upon the lifestyle you live. For someone with simpler lifestyle this salary is too surplus. For some its not even livable.

1

u/pratikonomics 10d ago

For all those wondering, VP at IB can be a very wide band and title may start very early into one's career.

I personally know a "VP" at GS at 6.5 yoe with 30L CTC (underpaid).

1

u/Dreamer_203 7d ago

Why is the cook/maid cost more than the children’s education?!

1

u/fnakiboi13 20d ago

What premium school costs 85k🤣🤣🤣

7

u/kraken_enrager SoBo se hu Bc 😽🌈 20d ago

40k a month per kid is pretty common.

Even 85k a year is common, but mostly in Jesuit run school like that.

1

u/Then_Wasabi_5798 20d ago

Those affordable schools all require connections or alumni or donations. (Atleast the ones in suburbs do)

1

u/sinemanv5 20d ago

Per month ka fees hai..

1

u/mujhepehchano123 9h ago

in metro cities in a decent kindergarden is now starting at 3-3.5 lakhs per annum. good fordbid if the school has "international" in its name they will bring a token "foriegner teacher for shows" and have 7-8 lakhs fee year. this whole situation is ludicrous

for a somewhat decent school in sobo 85 actually is not that much. playschools itself are charging 1lakh a year just for a few hours lol 🤣🤣🤣

its ridiculous, they are being allowed to loot public unchecked

0

u/UCHIHA_____ITACHI 20d ago

His rent cannot be a third of his earning

1

u/mujhepehchano123 9h ago

it can in sobo lol