Election results seem familiar.   Claim of CTC  400+ Cash component  320  In hand salary  240

Welcome to IT Company Discussion's Private Community

Election results seem familiar. 

Claim of CTC - 400+
Cash component - 320 
In hand salary - 240

Election and CTC

Program Manager

Election and CTC- Grapevine

Current CTC - 10 Lakhs
New CTC - 20 Lakhs

Is this 100% hike?

May NOT be.

What if 20 Lakhs includes a 20% bonus (not in the previous CTC)?
What if 20 Lakhs includes 2 Lakhs of ESOPs (not in the previous CTC)?
What if 20 Lakhs includes allowances that are useless (not in the previous CTC)?

******

The term “CTC” is NO less than a SCAM in India.

I don’t know any other countries that use the term “CTC”, do you?

And that’s why in India, 
Your in-hand salary will always be MUCH lower than CTC, 100% always.

Let me repeat:
“Cost to company” is NOT equal to “Your Income”.

There is always a leakage. 

********

Companies will NOT change this practice in India.

But YOU can, so:

-STOP asking what my CTC is going to be?
-START asking what my “TAKE HOME” is going to be?

TAKE HOME matters the MOST!!

#copied

CTC vs Take Home

Hey guys,

I am a fresher, will be joining SAP LABS INDIA soon. I was offered stock options worth 8.4L over 4 years. I have been looking for vesting period details but not much info is available online. If someone here knows about it, please share the details. Thanks!!

(Lol, Trying out hashtags, idk if it works or not, let's see)
#SAP #SAPLABS #STOCKS #Bangalore #Salary

SAP Labs STOCKS

Software Engineer

Welcome to Personal Finance's Private Community

Hello all, I have got a SDE-1 offer from one of the biggest fintech companies in India. What in-hand salary should I expect monthly?

The CTC breakup:-
1. Fixed - 14,40,000
2. Variable- 3,00,000
3. Retention- 60,000

How much in-hand salary should I expect?

Welcome to Software Engineers's Private Community

Hi,

I have been working in the Software Industry for the past 9 years. I feel like I have made a good use of my time and money and maybe some of my lessons can help you folks as well. Recently did a calculation for my NW and I am happy and proud to see my NW crossing 2CR+. I have 0 debt and do not own a house. Here is how my portfolio look like

TC: 1.3 Cr
YOE: 9

I am happy to do an AMA. Ask me anything about tech, career, love, marriage, money management, therapy, songs and movies.
#Ask Me Anything #ama #amazon #atlassian #google #startups #bengaluru #networth #money management #finance #india

Sorry if delay in responses, I'll answer all your questions eventually.

[AMA] 9 years in Software Engineering in India. NW 2.5Cr

I see a lot of similar questions and I'll try to answer them here.

>>>>>>CTC Progression<<<<

My current CTC is 1.3CR . 50% is cash, 50% is stocks.

Here is my CTC progression over the years

1st - 12L
2nd - 12L (Switched Companies)
3rd - 15L 
4th - 24L (Switched companies)
5th - 42L (Switched Companies)
6th - 48L
7th - 66L
8th - 72L
9th - 1.3Cr (Switched Companies)

As you can see I almost everytimg doubled my compensation when I switched my companies. But there are reasons to stay at a company as well. If you are learning and are able to handle different problems at scale, stay. When you feel stuck, leave and look for better opportunities. I have never switched job to get more money. I love CS. I have been coding since 15 years. What made me switch was either bad managers, uninteresting problems not visibility of learning and growth.

Since we are seeing a lot of layoffs, a lot of companies are using this as an excuse to provide less increment this year. Interested to know what sort of increments are you’ll getting this year and how much did you get last year?

Increment this year?

I got a good hike this year. Around 34% mostly because I got promoted and my hike in the previous year was shit. I work in finance

Analyst

Product Owner

Can anyone tell me about my in hand salary for every months

Quality Assurance

Welcome to Business Roles's Private Community

How is ISB managing to substantially increase the avg CTC of its cohorts, year after year.

ISB placement record

What will be my in hand pay if my CTC is 14lpa in tcs

Software Developer

Use this platform to pass inside information, which you think can be helpful had you known when it was your time. 

Revolut ( UK fintec) has three types of ranking in support specialist workflow. Graduate, junior, and mid level. Once you have gone through the test,interview, and all,they will put you in one of these three rankings based on your performance and exp. Generally Grad (0-1yoe), Junior 1-2), Mid(2/3+) .  YOE not sole critera, they can be lenient based on performance 

Grad ( 4- 5 lpa)
Junior (5-7.5)
Mid (7.5-10)

This is true for Fincrime, kyc, kyb , screening, and ongoing monitoring.

FIU and TM crypto pass 1 -2 lac more than the other.

Mid (fiu) can pay 12 lpa even with 2 yoe.

This is for support specialists' production roles.

A 4yoe + 2 yoe in TL can fetch you 15+ lpa as a TL. Again, crypto and FIU can fetch you upto 22 lpa.

Your current ctc doesn't hold you back. Revolut doesn't negotiate hard. 2 negotiations and they offer you or they don't. Its not back and forth with them. 

4.5 ctc has got 11.5 ctc there. 150% hike. 2 rounds of negotiations. Plain simple. 

If you are applying for any role. Don't hesitate to ask more, be your lawyer. These figures already exist. Maybe there are other higher figures too that i am yet to come across.

PS : I dont work there, but 6 ppl whom i supervised do.

Brothers helping brothers

Welcome to Product Managers's Private Community

Management has tried to underpay us all this time. We deserve to know what is the real salaries for our YOE? 

I am being paid 24.6L CTC / 2 YOE. What about you?

Product Management CTC Thread: How much PMs really make?

You are being paid fairly or above average.

Product Manager

Current  YOE : 3 
Education : Tier 3 college 
We have permanent wfh

ctc : 23L of which 2L is variable and esops of 20L 

Due to the current market scenario is this the right pay?

CTC CHECK : SDE2

I have got a new offer from a new company.
can any HR here help me with my CTC breakup understanding?

need to understand CTC

What can be the CTC for getting 1.5 Lakhs in hand salary per month?

Tech Lead

Hello guys..I work in a KPO...fixed CTC of 23lpa....my profile is basically a part of investment banking..not end to end though...covers European markets...client is one of the reputed institutional investor...last year I received a client bonus in excess of 30lakhs...so my total take is in excess of 55lakh pre tax.....
So I got an opportunity from one US investor who wants to open a shop in India. 1 year completely wfh and hybrid post they open office in Mumbai. How much CTC should I ask?

CTC expectations

Associate Manager

Hey,
I am SDE with 2YOE getting 10LPA.
Here I could see many folks posting their CCTC as 30LPA, 35LPA or even beyond for 2-3years exp. 
How is it possible? What you guys work with?
How many of you guys have such high CTCs?
Plz share your journey so i can pick up good stuff from it. Thank you

Getting anxious when I look at CTCs!

How much joining bonus does Accenture provide? What is it based on? Role, location?

Accenture Joining bonus

Hi Guys ,

How much in hand salary can one expect for below offer ?

	•	Fixed: 9.4 LPA
	•	Variable: 1.97 LPA (21%)
	•	Total CTC: 11.3 LPA
	•	Level: 10

Thanks in Advance :)

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