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US bulge bracket banks like Citi, MS, JPM pay the same across regions.. so in Mumbai, a 2nd year analyst (thats what normally IIM grads get into) will earn smthgn like INR 40 lakhs base and then you have 75-100% bonus.. at an associate level, it goes to INR 50 lakhs plus 85-120% bonus..

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Q: What is salary if you become a investment banker in Mumbai?
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