Fair Pay?

You all might obviously guess that I'm speaking about the other two posts in which each of them in their early 20s making 50+ LPA and 70+ LPA respectively. Honestly curious, how do these guys get paid so much? I feel like salaries in IT industry are heavily inflated. I'm from EEE background, trying so hard to find a job in Data field. I've previously worked in my field for 3 years, but the growth seemed pretty less in the long run, hence the switch. Finding a job as a fresher (in IT industry) is so hard man. I'm mainly looking for the startups. They either ask for experience, or the pay is very similar to what I made previously in my field. (which is <10 LPA). Above all, I'm not even getting responses from companies for my applications. So yeah, how do people in their 20s make so much in the IT industry? Is it only FAANGand big corps or applicable to startups as well (like unicorns etc)???

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!

Both environments have benefits and drawbacks. It really depends on your personality and goals. In a large corporation, you’ll be surrounded by people with a wide variety of working styles, expertise, approaches and backgrounds. You’ll have access to more resources and responsibility will be shared with other team members. You will have opportunities available to you, but you’ll likely have to pursue them yourself unless you have a really good manager supporting you. Otherwise, it can be easy to become a cog in the machine. The pressure is generally lower and so is the recognition. You can screw up royally and you’ll probably just get moved to another project. Even if you don’t screw up, you may find yourself shuffled between projects. In a startup, there will be more focus on you to deliver, train yourself and be independent. While you’ll likely be part of a smaller, more integrated team, there will be a much higher expectation that you can be self-motivated and deliver results. The learning opportunities that you have will be more along the lines of being tossed out of a plane with some fabric and a sewing kit and you’ll need to figure out how to make a parachute really quickly. The risks are higher, but so is the reward. It’s like the difference between taking the bus or riding a motorcycle. The bus is reliable and it will get you where you’re going, you have very little control over the specific bus, route, the driver, the other passengers, etc. You’re unlikely to get injured in a crash. It’s safe, minimal risk and ultimately putting your fate in someone else’s hands. The motorcycle is fast, you’re in control every step of the way, you could easily get yourself killed if you do something stupid and if the weather, roads or other drivers get in your way, you’re not likely to get to your destination smoothly. But if you do, you’ll beat

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

Should I work at well-named startups or companies to work at (eg: CRED, Infosys, etc) with less pay? Or Should I work at unknown startups or companies (eg: early-stage startups or local companies) with higher pay? (x2 the salary here). Note: For the above, the experience & designation are the same. The question is related to future work prospects does working at we'll name brands help me get higher pay in the future?

Hi folks, thinking of writing a regular mini blog here about my learnings being a generalist in the ecosystem. I currently handle growth at an ecom startup and have previously been through 2-3 startups + a large corporate in my 7 year career. #1: Why you should not stay only in startups Recently started reflecting on salaries of many peers who are also startup folks and trying to see where it stands. There are 3 cohorts: a. People who started out in Big 4/Corporate & then became a generalist: They've been underpaid the most. First pay was 4-5L, and when they transitioned to startups, started at 7-9L. Over time, growing from there is difficult without MBA. b. People who have forever been in startups: They earn more than A on average. But here too, there is a delta in their salaries vs. people with same YoE who went to an MBA and are in corporate now. Side note: I've seen this cohort has usually loved what they've done, and being in startups definitely has positively impacted their thought process. c. People who went to a corporate/big tech etc. mid way: This cohort has done the best long term. Their pay got recalibrated when they went to a larger company in the middle through their career, and when they rejoined startups, they were respected more in salary negotiation. This is to anybody out there who is a generalist and sees a similar path. Try to sandwich a proper, large company in your career. It gives you perspective on whether you like it and if startups is really your preferred route. And it also recalibrates your pay. Startups will limit you basis your last salary. Corporates have standards basis bands. Just something to think over. NOTE: Do share feedback, if this makes sense. And if you'd like to read more of these too.

Been working with a pre series A level startup for about 3 years being my first job. Paid about 20-25lpa for a full stack role. Engineering + product team is still single digit strength as we are not pureplay tech company. Had a great learning because of a good manager and 0-1 kind of work we did but I am starting to feel stagnated because of following reasons 1. We don't have anything like SDE1, 2 etc because there are very few devs. 1 manager and everyone else is an SDE. The company doesn't intend to hire more for at least an year.. so i won't see any title level promotion or any role that feels senior despite being around for a while 2. Salary. Want to know if I am behind the standard pay because i belong to tier 1.5ish college. Big tech seems to pay more for 3yrs workex as usually people become sde2 by then

Hey, I am a SWE with 2 yrs exp. recently I found out that juniors in my team are being paid atleast 10% more than me. This thing has been bugging me so much that I setup a meeting with my manager but here’s the thing- I have no idea how to talk about this to my manager. I obviously think it’s unfair given how much more work I am doing. Can experienced people here please guide me on how to approach this meeting? Thanks!