What salary package can I expect after doing a job in a bank?

The starting salary of a Bank PO is somewhere between 30-35k and various other benefits depending upon the bank. The total package goes around Rs. 4-6 lakhs per annum depending upon HRA (House Rent Allowance) for a particular city. Now, after the seventh pay commission is applied (would be done in coming few years) the salaries are sure to rise somewhere between 30-70%. Also, we can expect an annual increment in salary based on increasing DA (dearness allowance) every year. Add to it a promotion every 4 years (on an average) and a corresponding increase in your salary and benefits, I would say that any Bank PO employee is "settled". Though it is a far fetched guess, in 10 year time you can expect a salary of 70-100k per month in hand, with many other benefits. Please understand that in any job (government or private), it takes around 10 years for you to achieve a level that commands good salary, respect and host of benefits. So if you are preparing for an MBA, only look for colleges that can give you an opportunity to get at least a package of Rs. 12-15 lakhs per annum today. My suggestion would be to choose only from top 15-20 B-Schools.

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