Not yet. At least not from Indian startups whose main market is india.

Partner

Product Manager

Someone who had a 35 LPA offer applied for a 4 LPA job eventually. Are we seeing this become common? Are offers being rescinded? 

https://twitter.com/ojus

Someone who had a 35 LPA offer applied for a 4 LPA job eventually. Are we seeing this become common? Are offers being rescinded? 

https://twitter.com/ojuswirastogi/status/1595086968953901056?s=46&t=czXE28KM2y-k3j0JJRlNmw

The tide on salaries is turning

The tide on salaries is turning- Grapevine

Welcome to Data Scientists's Private Community

Hello Everyone, 

This is my current condition:
Yoe - 3 yrs
Ctc - 21 lpa

How much should I ask in ibm? They haven't informed me in which band/level I am going to be. Do not know for which city they are hiring for. 

Tomorrow is the call for salary negotiation. Not sure how to proceed. Any help is really appreciated. Thanks in advance!

Data Scientist at IBM - Salary Negotiation

Machine Learning Engineer

Welcome to Office Gossip's Private Community

I see a lot of people think here that a 3-5 year experience candidate has a right to demand 40-50 lakhs pay.

Is it really the trend now? Am I unaware? I see pay range in 6figr & other websites but don't see the pay scale of 40-50 very often except for full funded startups, MBBs.

What is the reality of pay range by professions for exp 3-5 years?

Salary Discussion

Hiring for a bunch of roles for an early stage startup. Salaries of people who have been laid off is through the roof

2-3 years experience asking for 30-40l and while we chose not to judge the experience and spoke to a few of them, most of them are not even worth half of the pay. 

Many are jobless since last 2-3 months and none of them are willing to take a paycut of even 5-6L and are willing to stay jobless ( probably have a ton of savings )

Market correction is necessary.

Roles : PM, software engineers, generalists

What's wrong with salaries

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?

Lead engineer

Welcome to Software Engineers's Private Community

Recently, I've been observing a concerning trend that I haven't observed before in my 5 years in this industry. 

A large no. of job openings are coming up at mid-sized companies and startups that require 5+ years of experience but pay 7-12 LPA. One of these companies even used to pay a decent more when I'd applied to it a few years before

Does anyone have insights on the root causes behind this trend and how it will shape up the job market going forward?

My hypotheses on root causes:-
(1) Bad job market
(2) Advent of AI

Insane number of low paying software jobs

Software Developer

This is mostly for people who have spent 10+ years in the industry. I’m sure we all can agree that the hiring and salary boom that we witnessed in 2021-22 is mostly over now. Now it’s more about surviving the job market rather than printing asymmetrical amount of money

But how has it turned out for people who’ve been in the game for too long. I know some people who switched jobs too quickly and are at a higher package but still not content. At the same time, I know a few seniors who’re still in my first company and are happier than ever with the work.

I understand that in Tier-1 cities, the expense itself is more and you’re sometimes forced to switch just to stay afloat. But what would you recommend new joiners based on your experience? Does chasing money in early years help later or only focusing on skills?

Chasing money or skills? What paid off at the end?

Software Engineer

It's slightly long - It would be great if you could guide me!

Total Experience: 7 years
Domain: Sales
Education: Tier 2 Engineering College
Current TC:  Rs. 60L + ESOPs (mentioning the compensation as it's relevant)

Throughout my life, I have been discriminated against due to not having a pedigree. I have had to work my ass off to reach where I am today.

Currently I'm at a senior position in a startup incubated by an MNC. I still face the following concerns:

1. Extreme difficulty while applying for jobs; Example: my exceptional performance in my previous organisation was not known outside and since I didn't have any "pedigree", I was considered overpaid in the job market.

2. I did join at a decent hike after an year of search and even in the new company, I don't command a lot of respect due to the lack of fancy tags like IIT/IIM/ISB/Booth/LSB/Insead,etc.

What should I do? Does an MBA make any financial sense to me at this Experience and Compensation? If yes, where should I try for an MBA?

Should I do an MBA?

Sales Leader

Hi,

I came across few friends and also one person who used to report directly to me that they got 24 LPA offer. They have less yrs of experience then me and also knowledge.

I am getting same 24 LPA (with 1% equity). Do you guys think this should be red flag me to switch to some better paying jobs?

I have 9+ yrs of experience and working as engineering manager(Node, Python, PHP) while they are senior devs(Android, PHP,Frontend) with approx 5-6 yrs of experience.

People with less knowledge earning more

Engineering manager

They are hiring like crazy, everyday 10 roles posted

Either this is red flag and everyone is leaving
Or it is actually hiring good

How is Revolut? Can someone refer me?

Consultant

Welcome to Indian Startups's Private Community

Hey Folks, I hope you all are doing extremely well.

Wanna get some idea about market pay and the hike I’m getting in a e-commerce company. 

Worked as a DevOps/Software Engineer for 5 yrs and CCTC is around 30-32 LPA. New company is ready to offer around 42. 

Is it good offer or should I check for more companies?

I know some startup’s are paying like anything and this offer seems to be trivial for 5 yrs experience, but just wanted to know if I should be pursuing this offer or not?

Thanks in advance folks, Have fun! 🤩

The tide on salaries is turning

Discover More

Data Scientists on

by dartum

Startup

Data Scientist at IBM - Salary Negotiation

Office Gossip on

by Corpdaaku

Student

Salary Discussion

Layoffs on

by LazyAbsence

BYJU'S

What's wrong with salaries

Business Roles on

by Madara

Stealth

What has been your career/salary progression so far?

Software Engineers on

by AITookMyJob

Startup

Insane number of low paying software jobs

Software Engineers on

by HangTheDJ

Cred

Chasing money or skills? What paid off at the end?

Business Roles on

by Rodriguez

Stealth

Should I do an MBA?

Misc on

by stupidusername

Stealth

People with less knowledge earning more

Business Roles on

by BiryaniEnthu

Stealth

How is Revolut? Can someone refer me?

Indian Startups on

by JamesBond009

Nvidia

Is 42 LPA a good offer for YoE - 5 yrs?