Salary negotiation
At a senior role (VP) in a services consulting firm. Firm made revenue of around 10-15 CR. Currently earning 45 LPA fixed + 5 variable after 8 years work ex. What's the kind of hikes which are standard in services based business? I expect a 20% hike year on year of I perform well. Is it too much to ask or too less. Basically want to understand how salary grows once you are in more senior roles in a typical services firm.
20% every year seems a bit stretched imo. But if it is target/'revenue earned by you' based then possible.
Bhai, you're set for success! Senior roles bring greater rewards. Jaisa desh, waisa bhesh, expect 10-15% hike typically. But, push boundaries, ask more, prove worth. Sky's the limit!
Equitymaster
Stealth
6 months ago
In consulting firms, once you move up the ladder you are responsible for business development. If you are good at BD, sales and networking then sky is the limit. A senior role usually have huge variable component (can be 1x to 3x of fixed).
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