MagicalHamster
MagicalHamster

How much do you really earn? Honest Answers Please πŸ™

I want to understand if you are also satisfied with your compensation?

21mo ago
GigglyPotato
GigglyPotato
Slice21mo

80L base, not satisfied at all. I am barely able to save 20-30% of salary after paying for rent, food, etc.
Once I hit 1.5cr then things might get somewhat better

SwirlyTaco
SwirlyTaco
PayTM21mo

What the fuck

GoofyDonut
GoofyDonut

The heck are you living at? A luxury cruise?

WobblyNoodle
WobblyNoodle
InMobi21mo

3.5 lpm in hand.
Extremely satisfied.

ZoomyMochi
ZoomyMochi

uber is highly unsafe but

WobblyNoodle
WobblyNoodle
InMobi21mo

Not really if you have dependencies and good perf. Although every company is unsafe in current market.

PeppyBiscuit
PeppyBiscuit

What in the hell, I feel like this app is only used by Senior/Upper management guys only.

Where are the 5 to 10 lacs per year guys?

MagicalHamster
MagicalHamster

They are busy hustling

SnoozyWalrus
SnoozyWalrus

Here I am, since you asked !!! My salary is 7 LPA

DancingPancake
DancingPancake

2.4 lakhs/month.

Not a developer. Not in Tier 1 city.
Not in FAANG or whatever it’s called now. No loans or EMIs for now.

Married to my GF of six years. She earns 1.3 lakhs/month.

Guess, I could say I am extremely satisfied.

GigglyDonut
GigglyDonut

Could you share your job role and type of company (startup/pvt)?

DancingPancake
DancingPancake

In UX.

Was a startup, still private, 500-700 employees, founded 7 years ago, a couple of funding rounds.

Been here for 2 years.

DizzyCoconut
DizzyCoconut

what the fuck how does everyone earn 30+ lpa here

MagicalHamster
MagicalHamster
  1. Upgrade your skills like crazy. If you offer skills and services and experience that can't be matched easily, you'll definitely be paid handsomely. Skills, experience and their demonstration gives companies reason to trust you, and a handsome salary is a reasonable price to pay from their POV. Keep in mind, for the same role your peers might get 0.75x or 2x your salary because of what they bring to the table.

  2. Make sure you practically apply #1 in your current job. Get aggressive to learn and experience stuff. Make fast fail fast grow fast. First 5-7 years should be hectic to upgrade skills and experience. Become Mr Dependable.

  3. Negotiate better. Don't back down from your number. When they ask you the salary range, give one number, not a range, and tell them it's non negotiable and very well thought out. Don't let them make you feel guilty or bad because of your number. If they can't give, then they can't afford you. Simple as is. Also check this nice video out - https://youtu.be/Gr861i8aB3k I didn't have this when I last negotiated, but this really boils down to what I used to do in all my negotiations. Definitely implement all he says. I would even say he mentioned one brilliant point of "don't do their work" ie, don't think oh no maybe they can't give me X so I guess I should just take X-10. NO. Fuck that. Repeating again : if they can't give you what you want, then they can't afford you. Don't let them talk you into lower number because of bs excuses like "but the industry standard is X-10" etc.

  4. Don't underestimate yourself. A friend of mine applied to a company he thought was out of his league. That was 4 years ago. He is now earning very handsomely in it. He gave it a chance and applied thinking apply karne me kya hi ja raha. You'll miss 100% of the shots you don't take etc.

  5. Have a good network of colleagues and peers. Goto events, make connections. Have genuine good professional relationships and maybe even out of office frien

MagicalHamster
MagicalHamster

#5 continued. Having good network and friends opens up many doors like crazy. I think we should probably have a thread about that as well, I'm sure lot of us have lots of stories of how our network and contacts landed us great jobs.

MagicalDumpling
MagicalDumpling
Myntra21mo

4+ lpm in hand after taxes and retirals. Get additional bonuses at year end. 12+ yoe across consulting, supply chain, business and currently as pm.

Wife makes 2+ lpm and sizeable bonuses. Have a little kid. A very happy and pleasant life. Cant ask for more really

MagicalHamster
MagicalHamster

Congratulations man

TwirlyQuokka
TwirlyQuokka

Sir/Ma'am, Any tips for people entering Industry in 2023?

How do save taxes?

MagicalHamster
MagicalHamster

My CTC and side hussle makes upto >30LPA but i still sometime feels its same as I started my career with 1 LPA in 2013... πŸ˜‚

Basically guys CTC is just a number in my opinion... But ofcourse crying in a Mercedes feels somewhat comforting... 🀣

I hope everyone here makes more than 10 times me soon, thanks for being honest folks.. God bless you all πŸ™

BubblyPenguin
BubblyPenguin

Crying in Mercedes won't be comforting.

Imagining that you ll get get to cry in merc is comforting.πŸ˜„βœ‹

MagicalHamster
MagicalHamster

Lol... Well money won't be all the things in the world .. but it is important...

ZestyLlama
ZestyLlama

6 lac annual. Highly unsatisfactory 😐

ZestyBagel
ZestyBagel

Bro sab ki journey hoti he. Don’t get disheartened.

WigglyPotato
WigglyPotato

How are all of you making so much??? As a psych major i am barely able to find jobs let alone one that pays me at least 20k a month

MagicalHamster
MagicalHamster

IT salaries are good in the long run IMO ... But holds true all other profession as well to some degree

DerpyQuokka
DerpyQuokka
Grab21mo

I started with 20k per month, now it is close to 3lpm. That's how IT salaries can grow.

SnoozyWalrus
SnoozyWalrus
Uber21mo

~1.5 cr cash + 80l stocks. Definitely enough to live a good lifestyle. But life hasn’t changed much since I earned 30L.

Areas like passion, interest, people fit, work life balance still remains a concern while working in a job.

FuzzyDonut
FuzzyDonut

What kind of work do you do? Are you a manager?

MagicalHamster
MagicalHamster

Agreed .. Role and YOE?

Discover more
Curated from across
Business Roles
by BouncyNuggetSoftware Architect

CTC Check : AEM Arch/Manager

With 12 years of professional experience, I'm currently employed as an Architect. I have two offers - 36 + 6L Variable, 38 +6L in hand but I feel this is not as per current market. I've only switched once early in my career (after 3 yrs...

Product Managers
by MagicalSushiGroww

How is Groww?

Have an offer to join the design team at Groww. How is the design team? And the overall culture of the company? Any feedback appreciated.

Product Managers
by JazzyNoodleProduct Manager

Next salary to ask

Hi i have a tottal of 2.5 years of experience as APM in two different companies. Now thinking to switch. What should be the next expected salary I should ask for and should also go to PM position now? need your inputs guyz.