Young IIIT Delhi Graduate Leaves High-Paying Banking Job Over Toxic Culture and Mis-Selling Pressure
IIIT Delhi grad quits ₹17 LPA banking job due to toxic culture and work pressure: '9 to 5 became 9 to 7'
Hindustan Times
Image: Hindustan Times
Chirag Madaan, a 24-year-old IIIT Delhi graduate, resigned from his ₹17 lakh per annum banking job due to extreme work pressure, toxic culture, and unethical sales practices. His experience has sparked widespread discussion on workplace culture in the banking sector, with many sharing similar grievances.
- 01Chirag Madaan quit his ₹17 LPA banking job due to toxic work culture and pressure to mis-sell products.
- 02He experienced extended working hours, with a shift from a 9-to-5 schedule to 9-to-7, and a workweek of six days.
- 03Madaan highlighted aggressive sales targets, including expectations to close deals worth ₹10 crore monthly.
- 04He raised concerns about financial mis-selling, where employees are pressured to recommend unsuitable products to clients.
- 05His story resonated with many others in the banking industry, prompting discussions about workplace culture.
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Chirag Madaan, a 24-year-old graduate from the Indraprastha Institute of Information Technology (IIIT) Delhi, has ignited a conversation about workplace culture after leaving his lucrative banking job that paid ₹17 lakh per annum. He cited two main reasons for his departure: a toxic work environment and pressure to mis-sell financial products. Initially expecting a stable 9-to-5 schedule, Madaan found himself working from 9 AM to 7 PM six days a week, with little time for breaks. He reported that employees were expected to meet aggressive sales targets, including closing deals worth up to ₹10 crore monthly, often leading to harassment from management if targets were not met. Madaan also expressed concerns about mis-selling, recalling instances where he was pressured to recommend investment products that were not in the best interest of clients. His post on social media has resonated with many others, who shared similar experiences of toxic work culture and unethical practices in the banking sector.
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Madaan's experience highlights the challenging work conditions in the banking sector, prompting discussions about employee well-being and ethical practices in financial services.
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