Indian Startups Community

by WinterIsHere_

Stealth

10 months ago

Salary Cut

3 years post-MBA exp. Currently at INR 35+ LPA. Offer in impact consulting at INR 23 LPA. Should I take it? Joining in Jan'24. Reason for switch - can't tolerate my toxic manager anymore. Have already put down my papers. Line of thought: 1. Take it - Something is better than nothing. At least paisa aate rahega. 2. Wait - Once I go at a lower package, difficult to demand a hike on my current one. 3. Take it, don't mention it - Companies will negotiate hard to lowball me if they know I am not working (gets worse if the LWD of my current company and the time am applying have a huge gap). Money matters to me. But have been introspecting a lot. Will appreciate realistic input from the community.

StartupStealth

Stealth

10 months ago

Three of my friends work at with the amount of paycut you are taking per annum. They have a package of 3LPA- Capegemini I think this puts stuff into perspective for your question. Idk how it will help , just wanted this information out there

WinterIsHere_

Stealth

10 months ago

Doesn’t help. Have worked hard to get here. Won’t let you downplay me. No offence.

StartupStealth

Stealth

10 months ago

Man, you totally understood me. I was trying to tell you do not lose money as you have worked harder for the money you are earning, Do not get a pay cut ! Idk why you thought I was suggesting otherwise

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GyaanExpert

Stealth

10 months ago

That's a very big pay cut , you should rather wait out for better opportunities taking such a huge paycut will at least put you two years behind in your career.

WinterIsHere_

Stealth

10 months ago

I totally understand this.. and that’s what i have been introspecting.. honestly, if i get something better before joining the consulting firm, will take the better offer.. else, take this one and keep looking out.

MightyLazyGeekStar

Stealth

10 months ago

If money matters the most to you then don’t take it. You would have this constant thought that you came on a paycut. It will ruin your state of mind and probably others around you as well.

BiryaniEnthu

Stealth

10 months ago

Question is, if you wait do you have enough funds to support expenses? Yes, then don't accept this low ball

Itachi777

Stealth

10 months ago

But If he keeps waiting and it takes 3-4 months won't the next company try to lowball him ?

BiryaniEnthu

Stealth

10 months ago

Not necessarily

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Grub96

Student

10 months ago

Is it possible to get a strategy consulting offer? You already have one in impact so I think it should be possible? The growth will be great I've heard.

WinterIsHere_

Stealth

10 months ago

It’s like going back to square 1. Strategy consulting with Big4 refuse kia tha - that was my campus offer.. post MBA from an old IIM.. life is funny.. i get what you are saying but after so many startups, am kinda untouchable for the big firms..

Grub96

Student

10 months ago

Ah.. understandable. Hmm.. this is a complex situation with no easy way out. Best wishes! That's all I can say.

SakhtAkhrot

Amazon

10 months ago

3rd option. I tried it twice, works well

JackDaniels

Student

10 months ago

Bro that is more than 30% downgrade in the package. Try to find a different position in the company itself or wait for a better opportunity.

WinterIsHere_

Stealth

10 months ago

Internal switch isn’t possible.

FindingHorses

Stealth

10 months ago

You still have time till Jan end to join the other company find more jobs except the offer and keep searching am sure u will get something

Bumpy_Stock

Stealth

10 months ago

How do know if your new manager is not as toxic or more than your current manager?

WinterIsHere_

Stealth

10 months ago

I know when I experience. Isn’t that better than staying in the shithole? If your point is to learn n deal better in such situations, point taken.. but can’t stay here.

Bumpy_Stock

Stealth

10 months ago

I understand my question sounded critical 😓. But my point was that if you decide on taking the pay cut for the sake of your mental health, do make sure that the new manager is not a toxic one. Maybe speak with some ex-employees of the new company.

Averagejoe

Stealth

10 months ago

Once you've decided to leave, leave. Focus on your mental Health. See if you like the new role - once you're comfortable pushing yourself again, go for higher package... Don't stay here too long in that case. However, if you want to stay ...and feel lower money didn't really put such a big dent and the trade-off was worth it... Good for you 🙂

ElonTusk

Startup

10 months ago

Take the offer. Try to delay the joining date as far as possible. Keep giving interviews and look for better opportunities. Don't mention your current offer to any other company.

LazyTile27

Walmart

10 months ago

Many orgs do extensive background verification to the extent of checking the number of (PFs) against your UAN and difficult to know which ones - I have heard Salesforce, Walmart, Cisco, and some other high paying startups do it. So I think hiding from resume will be a gamble..

WinterIsHere_

Stealth

10 months ago

This is a thought at the back of my mind as well..!

LividSalad

Stelth

10 months ago

MBA from ISB/IIM?

WinterIsHere_

Stealth

10 months ago

Old IIM

tenxengineer

PhonePe

10 months ago

That is too much of a cut. How long do you still have in your notice period? If you can manage, I'd suggest to go for one more offer.

WinterIsHere_

Stealth

10 months ago

Dec last week is my lwd with current company, jan last week is my joining with the other firm.

Sanyasi

Fmcg

10 months ago

Where are you working? I am looking hard for jobs right now.. I don't want to end up in your company if it's toxic, so just asking from that perspective