🧵 [Thread] What's the minimum CTC that would make you feel successful?

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

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

Disclaimer: I have nothing against high earners in this group who are doing exceptionally well and earning big bucks at young age. You have my admiration. Target audience of this post: Everyone else who is doing okay in their job, earning an average salary for their age. Why have I posted it?: To not feel I am the only one who is a normal regular person doing just average in his life in this hyper competitive rat race. My thoughts: I clearly remember the moment, it was April 2007, I had barely completed the board exams of class 10th and joined class 11th. It was my first week into class 11th when a fine looking gentleman walked into our class to make us think of our future career path. He was from a coaching institute for IIT JEE and AIEEE. He told us about all the high salary packages at these premier institutes. I excitedly told my parents about it. Like any middle class parents, they dreamt of their son cracking the exam and securing good placements from IITs/NITs. They enrolled me in coaching. I worked hard for those 2 years, 11th and 12th. But what was harder was the constant stress and pressure I was put in, both intentionally and unintentionally. These ideas that 'I must crack JEE to have a good future', 'if you don't get through JEE then you are a waste' etc, were hammered into my mind day in and day out. I didn't crack JEE but got into a well reputed private engineering college of India.. Fast forward 4 years, did my MBA from tier 2 college only to join a service company at salary that would be considered too low for most of the folks here who compare salary like a plague. Recently joined a product company with good jump. Realised all that pressure I was put under in high school wasn't necessary. I am doing ok in life. I think it's okay to be earning an average salary, everyone of us is on his own journey of growth and comparing ourselves on basis of packages seems myopic Too much gyaan? Getting a perspective on late Saturday night!!!

Recently started earning and honestly living a comfortable life with a much lower salary than most people talk about. Doing the math, I don't see myself needing more than 18L-24L in hand to save and continue living comfortable (but I am someone who always likes to do more and get paid more). If you're <30 and earning this much money, why do you push for higher salary (eg from 30LPA to 40 LPA) - is 30 not enough? Genuine query, open to any perspectives 🙏

When I was younger, 1cr felt like a dream. When I got there, the goalpost moved to 3cr. Those I know who are already at 3cr net worth, are now chasing 5cr. And those at 5cr, claim 10cr is the target... Is there a cliff at which more people are content with where they are vs those who aren't?

Is an MBA necessary for success in non-engineering roles? Most of my seniors and managers at the company are MBAs and very few non MBA managers have made it to a good role + salary. Anyone has any experience to share. My CTC: 25 LPA

Most of us here on GV are in the corporate boat. Some experienced, some new. I think most of us would not have dreamt of working in our jobs in childhood, and almost all of us landed into some role after our education and continued to grow after. While you continue to work for that next promotion or hike, when do you get the feeling of making it in corporate?

I have an existing pure term insurance worth 1 CR. I feel I am under insured and want to go for another pure term insurance worth Rs 1 CR. How should I decide if I should go ahead with this?

What is your dream net worth? If you hit this amount, you’ll retire tomorrow.