Software Engineers Community

by SeedhaLadka

Stealth

7 months ago

Feeling low becoz of my base CTC

Hello Viners! I wanted to share my CTC journey and looking to seek your opinion on this! Joined Fintech(Paytm) last year with 3.5 YOE - 31LPA(Base) [Current] LaidOff but Got an offer in a SaaS company during my NP - 31LPA(Base) YOE - 4.5 Years Most of the companies I interviewed for were not able to match my current fixed because of which I took this offer. Now I feel like my Base is low as compared to the market average in terms of YOE which makes me worry about my career’s progression. Do you also feel the same? But at the same time I am grateful that in this job market, I have got a job. What do you think? Am I rationally thinking here? I live with my parents and they are partially dependent on me. I hope I have made a correct decision.

TheOatmeal

Stealth

7 months ago

4 years 31LPA base is low ?

SeedhaLadka

Stealth

7 months ago

The salary progression report and posts that I see on GV with similar YOE makes me think otherwise. My only aspiration is to be with market’s average NOT above that. That’s why I posted my situation and thought to seek advice from folks here

GrimBeard75

Stealth

7 months ago

I'm 26 base for <2 yoe so it's slightly on the low side

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BrisbaneBunny

Bollywood

7 months ago

You're trying to average out of a 0.01% crowd on this platform, if I'm not wrong. Reality is quite different. Nothing wrong in aspiring though! But your numbers are definitely not bad either. This is the kind of depression any relatively new joiner on GV faces.

SeedhaLadka

Stealth

7 months ago

Hmm, that makes sense! Thanks for your opinion

SolidHumor

Nothing

7 months ago

Which role? Developer?

SeedhaLadka

Stealth

7 months ago

Yes, SSE

SolidHumor

Nothing

7 months ago

25 (+2/3 ish) around is logically justified. You are already higher than that. The more you compare and chase, the more unhappy you become as the rule of life. This also contributes heavily to the entire salary and consumption bubble that India is wrapped under currently. People buying crores worth properties at high rises and willing to pay anything without applying any basic senses or analysing value of money for the product purchased etc and what not. Bottom of the story : You are not underpaid, rather overpaid.

FunnyBones

Plivo

7 months ago

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SeedhaLadka

Stealth

7 months ago

Why is that?

FunnyBones

Plivo

7 months ago

You’re doing well, just overthinking 🤷🏻‍♂️

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samosa

Stealth

7 months ago

I called the salary comparison tool useless the moment it was published, now see what you did to this poor kid GV

samosa

Stealth

7 months ago

@SeedhaLadka FYI whenenver layoffs happen your name will be on the top, because of your high CTC

SeedhaLadka

Stealth

7 months ago

That’s also true

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CreditKart

Nielsen IQ

7 months ago

You posted on wrong platform buddy go back to QUORA

SeedhaLadka

Stealth

7 months ago

Your comment doesn’t relate to here, go back to REDDIT

BoredCorporateSlave

Gojek

7 months ago

You need to consider that the majority of the people who proactively share their salaries in GV posts are in top bands and the remaining 99.9% people don't really earn that much. Just because they are not advertising their salaries, this illusion is created. And as others said, you are probably overpaid (above average) but definitely not underpaid.

SeedhaLadka

Stealth

7 months ago

Yaa, I get that now! Thanks for the opinion! For now, I’ll keep working and be on lookout mode if I get any better opportunity.

ElonMast

Amazon

7 months ago

Are you able to meet your needs + save something for the rainy days?

SeedhaLadka

Stealth

7 months ago

Yes, I am!

mindv

Stealth

7 months ago

He should be laid off again

SeedhaLadka

Stealth

7 months ago

I hope you atleast do good in your career.

Ajmonk96

Stealth

7 months ago

30lac, please go see rest of inidia, and average income of people .gv is becoming more of elite showoff. I still can't belive someone having 30lac is depressed. Do one thing, I know ur just comparing. Just compare to 90 percentage of Indians, and ull will feel good .

SeedhaLadka

Stealth

7 months ago

Understood

GooglingInJob

B2B SaaS

7 months ago

These type of posts nowadays make me uninstall GV.

ericcartmanchan

Stealth

7 months ago

Saas/b2b pays lower than consumer companies. Only ones making money here are founders and sales folks. What you mentioned about pay range being low is right, but only for a small subset of companies that pay well. Heck, phonepe pay more than Paytm for all tech roles(assuming yours to be one). Good thing is that this is a smaller pool of companies. You can find, shortlist and actively checkout for openings. Use Glassdoor/ambitionbox salary benchmark for your role and you will see companies that could pay.

SeedhaLadka

Stealth

7 months ago

Thanks for the insight! I’ll keep a eye out for it

TheConsultantguy

Stealth

7 months ago

That's actually a very good salary. You want to be on the top 0.01% of your peers and aspiration attain that is.good. But don't feel bad about your salary. You're really doing well for the age. Keep going. But feel bad.

nikku

Epam

7 months ago

If you feel it is low , my suggestion to you would be to upskill yourself and get a better one. All the best.

DrNewton

Hownow

7 months ago

I get 2 CR with just 2 YOE, bad luck chuck

The_Architect

Rakuten

7 months ago

31 LPA is definitely not low. I suggest you should find some legal ways to save taxes. Then, I believe you can save all the money.

NitroXCode

Swiggy

7 months ago

You are doing fine. I have 4 yrs exp and my base is 36L. This is a little above average. At 31L I would say you are still above average. Don't be in the wonderland of post-covid era. The job market is course correcting and so should your expectations. If you really feel it is low, show your mettle and start learning and nail the interview.

SeedhaLadka

Stealth

7 months ago

Yaa, I get that now! Thanks for the opinion! For now, I’ll keep working and be on lookout mode if I get any better opportunity.

GoldenHandcuff

Amazon

7 months ago

Trust me, its all a myth. You are doing pretty decent

SeedhaLadka

Stealth

7 months ago

Got it 🙂! Also congrats for the FAANG offers

greygoose

Nagarro

7 months ago

You will always feel that way unless you focus on other things that finding what everyone else is earning. Going forward this will hit even more as you find you cannot grow you pay any futher. What do you expect to earn in yours 40s, a crore per annum as a developer ? People are at ming boggling pay already thanks to Covid which will take a stop eventually.

SeedhaLadka

Stealth

7 months ago

Understood your point!

gabbar

Startup

7 months ago

And I was thinking me with 2.5 year of experience with 26 base is getting low, May be thats y not getting calls for even just asking 10% hike in current market, Should I take a paycut and join somewhere?

SeedhaLadka

Stealth

7 months ago

Yes, if it’s important for you to leave your current company otherwise stay where you are

gabbar

Startup

7 months ago

I have already left in Dec 🥹

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