The work they do is also unbelievable man. They prolly deserve it. They’re a big bet and if this bet works out the company will be massive

True. One of the more interesting AI startups out there

Founder

Analyst

Welcome to Software Engineers's Private Community

Anthropic base salary is unbelievable

Research Engineer

Anthropic base salary is unbelievable- Grapevine

Welcome to Indian Startups's Private Community

IIT grad here building a venture backed startup. I think 99% of folks here believe that venture backed founders are super entitled and in a much "cosier" position than employees

Just sharing a few facts about our journey so far if it helps anyone improve their perspectives-

1) Paying ourselves 33% of our campus salary & 60% of what we are paying to our employees (Talking about Pure Base Salary here, not including ESOPs)

2) Insane stress - You basically have to raise money to build (esp if its deeptech because of the high fixed costs) and there are predefined metrics you have to always chase, sometimes just beyond yourselves. 

Your product will be copied if it's good because well, they always have more money than you. You work 7 days a week for insane hours, chasing metrics required to be "afloat" 

3) 99% of venture backed startups result in 0 liquidity gain for founders. So basically in all likeliness, everything is for a net negative return compared to if we took the campus job

So, when you wholeheartedly bash founders as if they are sitting On a goldmine while you are toiling for THEIR gold Treasure, just understand that more likely than not, there is not really any gold but rather an irrational hope they are clinging to

Also, Yes-we pay above market to our employees (100% hike for the last one) but the truth is some startups just Can't afford it. And ironically, there is a much higher looking down on these startups with meagurely paid founders rather than giants like Tech Mahindra paying peanuts to their employees while having a 1000% salary hike for the executives. 

Yeah, most startups need to do better but please appreciate if someone is atleast trying to do better because trust me, it's INSANELY HARD.. 

The number of posts I see about Flipkart making hundreds millionaires is way too less than the ones I see about pinpointing at every single mistake early stage startups do & I just wanted to express my opinion on it

Peace!

People way overestimate the life of founders

Oh no poor founders, they have to pay fair salary to their employees.

Software Engineer

Welcome to Data Scientists's Private Community

Who’s paying such crazy salaries in India esp in AI

Software Developer

Am I being overpaid?
I am a backend engineer with 7 years of experience. I've been rejected by multiple organizations during salary discussions. They mentioned they can't provide such a high salary. Are my expectations inaccurate?

Current CTC: 45 LPA
Expected CTC: 54 LPA
Designation: Team Lead, Backend

Salary Reflections: Am I Overpaid?

Damn! For the first time, I'm seeing a post related to Overpaid. God bless you.

Growth Manager

Team Lead

What is average base pay for 4-5 years across companies like Uber,Atlassian,Amazon,Microsoft,Google?

Welcome to Product Managers's Private Community

How and y does Atlassian pay 80lpq to a product security engineer fresher ?

Atlassian 80lpa to fresher

Product Intern

Welcome to Office Gossip's Private Community

I see a lot of posts wherein we all are drawing parallels between TC & YOE. Eg “oh you’ve worked in PM for 5 years you should get 50L”

Imo - this benchmarking is very skewed. This actually depends on the leverage that you add to the org you join & the orgs financial health. If you’re getting paid 50L in a seed stage pre revenue startup; it’s mostly a sign of their financial indiscipline as opposed to your skillset or the leverage that you can add. 

What are your thoughts on the definition of a fair compensation?

TC vs YOE

Welcome to Personal Finance's Private Community

Is it really worth it based on any metrics(PPI etc) to stay in the US If you have 1cr base cash salary India? 

Asking for a friend: Age 31. 10 yrs work experience in tech.

1Cr base salary India vs $300K Meta base US

Technical Director

Welcome to Salary Discussion's Private Community

It will give us idea of how much every YOE + role earns in hand, and which companies are giving real money instead of inflating the CTC

Format:
In hand/ per month salary - 
YOE
Role/designation
Company stage - Bootstrapped/Funded (which stage?)/Listed

[In-hand Salary thread] Can we please talk real numbers?

I am Thankful to the funding winter it has revealed true colors of so called Founders, who would not stop talking about culture, Growth,  scale etc on Twitter and LinkedIn

Take Byjus, for instance, they claim to be revolutionizing education, it's all a facade! All they care about is squeezing every penny out of parents' pockets. Putting large amount of people in debts they didn’t even signup for. 

And let's talk about Dukaan, shall we? The absolute 🤡 of a founder with zero empathy( 90% staff laidoff and the guts to project it as some AI ML innovation)


These startup founders have lost touch with reality. They've become obsessed with valuation and funding rounds, completely forgetting the essence of why they started in the first place. It's all about becoming the next "unicorn" and impressing investors, while the customers and sellers are left in the dust.

Gone are the days of genuine innovation and passion for solving real-world problems. It's all about the money now, and they don't care who gets hurt along the way. The startup ecosystem has become a rat race, with everyone trying to outdo each other and sacrificing ethics and integrity in the process.

It's sad to see the true colors of these startup founders shining through, and it's high time we demand more transparency, accountability, and genuine value from these so-called "disruptors." Enough with the facade,

At the end all these founders will get an exit with generational wealth, the employee and people who have built it will be left in Dust. 

My laanat to all such founders and company. May the boat sink and hopefully someday we have accountability in place for these people.

Rant on Indian Startup

Business Development Manager

The FAANG and unicorn employee salaries for even 2-7 YOE engineers is quite insane compared to the average Indian employee pay in other sectors of the economy.

The average SDE2 at these companies makes 50+ lakhs per year in compensation (not “CTC” but real money) The average SDE3 makes 80+ lakhs which is frankly insane.

What are you guys doing with all that money?

FAANG & unicorn folks, what do you do with all that money?

Giving 34.2% directly and 18-28% indirectly to gormint. My biggest expenses by a country mile.

Security Engineer

Welcome to Business Roles's Private Community

Share your progress - the journey.
- Where did you begin and where are you now?
- What motivated you to go the extra mile? 
- Where do you see yourself in the next few years?
- What did you do differently then the rest of the pack?

This can serve as a motivation to those of us who wants to improve and as a appreciation for some of us who made themselves a stellar career.

Eager to hear your stories. 🔥

What has been your career/salary progression so far?

2018 - 7.2LPA ( Services startup ) 
 2019 - 15LPA ( Hike ) 
 2020 - 21LPA ( Switch ) 
 2021 - 27LPA ( Hike ) 
 2022 - 33 LPA ( Hike ) 
 2023 - 72 LPA ( Switch ) 
  
 Sorry. Should have posted mine first :)

Lead Engineer

Okay, this post is not for any comparison but genuinely want to get insight on where do i stand in terms of saving among the corporate employees. 
I will go first. 
Age :28
NW : 65L

What's your net worth?

5.75 crore including flat . Not including car or jewellery. No loans or emis or debt of any kind . Age 41

Program Manager

I am curious what makes people give inflated salaries on an anonymous platform.

Unless you are a sadist and want everybody else to suffer, what is the best case reasoning for sharing wrong info? What social construct am I not able to understand here?

Reason for wrong salary info

Director of Engineering

Grapevine has become like the epitome of people flaunting unrealistic salaries ( the bubble will soon break )🤐,So thought of why not post some realistic ones based upon the Y.o.E range for the IT folks from  our knowledge and our interactions with our friends and colleagues.
We can exclude very niche skills here and see where  everyone stands.
I can begin. ( Have  considered just the base pay and not the variable or esops/rsu here )

1-4 Y.o.E : 4-8 Lacs
5-8 Y.o.E : 9-20 Lacs
9-12 Y.o.E : 21-35/40 Lacs
13-16 Y.o.E : 35/40-50+ Lacs

Realistic Salaries please !!!!

Consultant

Yoe: 2.5
Tech stack: React Native, React JS
Current: 25 base 

Will Indian startups be willing to hire for this much base in current market? If yes, will the work life balance be absolute shit?

I’m currently working at a startup, want to switch
Please help a fellow SWE. Thanks 🙏

How realistic is it to get 36 LPA base

Frontend Engineer

I have given interviews and cleared them.
I got a call from HR asking for payslips and another offer details.

They said they will get back with offer.

How to go about here? If they come with a lower offer than what i asked, how much liberty i have to ask further.
Does HR will come with 2-3 various levels of offer and then try to negotiate with me.

Any help or insights would be helpful in how HR comes with offer details.
My interviews were pretty good and i think they like me.

How does salary negotiation before offer work

Don't share payslips yet if possible. Do it after finalising your offer details. 
  
 What information have you shared? Current compensation? Expected range? Do you have any other offers in hand? 
  
 The game that follows now is that of leverage of information vs offer expiry timelines. 
  
 They will share an offer. You can call it "interesting" but don't share more details on if you like it or not - you need to "think more" before you can share your opinion. Say that you need to discuss it with your well-wishers and also evaluate compared to other opportunities. 
  
 Get back to them on email and call the offer "strong" (if it is really good) or "interesting" (for all other cases). Suggest some improvements to the offer that would make it more compelling for you. Don't guarantee that you will accept the offer if these things are provided (unless it's your last day till offer expiry). Keep negotiating with everyone that is interesting and keep dropping the non-interesting ones. 
  
 Also, don't call the negotiation discussions a "negotiation" - that word sounds negative. Call it "discussing offer details" or something. 
  
 FYI: All of these tips are from the highly popular negotiation blog posts by Haseeb. They've worked well for me.

Equity Research

How common it is to decline an accepted
offer? What are the repurcsuions attached
to it? Have you guys ever done it? How
should I communicate to the company?
What should I write in email?

Corporate Strategist

Folks, I wanted to make a prediction that most of us pretty much know already 

2023 our salaries haven’t grown at all. Across my group of friends at work and college, the average amount of increment I heard is close to 5%

2023 is a year of virtually no salary increments

Only for landlords, it has been an year of insane increments 🥲

What should be the ideal base salary for someone with 3 years of experience in backend engineering at a decacorn?

Companies have started posting bad things about wfh. Stuff like cultural integration is not achieved in this model. I call it bullshit. Asking employees work from the office is the easiest way to control attrition. COVID WFH saw record attrition , all thanks to remote work. Models are faster becoming business centric than employee centric , which is good , but competent employees must be given a chance to support their families by remote work.

Anthropic base salary is unbelievable

Discover More

Indian Startups on

by Kendall Olive

Stealth

People way overestimate the life of founders

Data Scientists on

by Jordon Hyrum

Swiggy

Who’s paying such crazy salaries in India esp in AI

Misc on

by Blair Lee

Stealth

Salary Reflections: Am I Overpaid?

Software Engineers on

by Kendall Everett

Microsoft

What is average base pay for 4-5 years across companies like Uber,Atlassian,Amazon,Microsoft,Google?

Product Managers on

by Jordon Lee

Xeno

Atlassian 80lpa to fresher

Office Gossip on

by Anise Nadeen

ITC Ltd

TC vs YOE

Personal Finance on

by Jordon Hyrum

Zerodha

1Cr base salary India vs $300K Meta base US

Salary Discussion on

by Kalan Carmden

Student

[In-hand Salary thread] Can we please talk real numbers?

Indian Startups on

by Coy Nadeen

Stealth

Rant on Indian Startup

FAANG on

by Kendall Lee

Goldman Sachs

FAANG & unicorn folks, what do you do with all that money?

Business Roles on

by Kendall Olive

Stealth

What has been your career/salary progression so far?

Personal Finance on

by Jordon Lee

Microsoft

What's your net worth?

Office Gossip on

by Kendall Carmden

Startup

Reason for wrong salary info

Office Gossip on

by Isaiah Vernon

Stealth

Realistic Salaries please !!!!

Software Engineers on

by Aaron Lee

Stealth

How realistic is it to get 36 LPA base

Business Roles on

by Blair Vernon

Morgan Stanley

How does salary negotiation before offer work

Personal Finance on

by Matilda Taye

GMR Infrastructure

How common it is to decline an accepted offer? What are the repurcsuions attached to it? Have you guys ever done it? How should I communicate to the company? What should I write in email?

Office Gossip on

by Anise Everett

Amazon

2023 is a year of virtually no salary increments

Software Engineers on

by Jordon Gabriel

PhonePe

What should be the ideal base salary for someone with 3 years of experience in backend engineering at a decacorn?

Office Gossip on

by Jordon Lee