Reality Check
Hi fellow grapeviners, I came across few posts mentioning i am earning 60+ or 70+ lpa having 2.5 to 3 years of experience but age is only 23 or 24. I know this is too good to be real. Some iitians can do but are these people real? Please answer because these posts make me depressed i don't know why?
I am 40 year old so I think I can give some brotherly advice as a elder one.
If you ask these 60/70 folks they will be looking at someone and be having the same feeling like you.
Once you cross 6-7L anything more is to satisfy your lifestyle and luxury.
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Stealth
a year ago
Helpful big b thank you
loga_roy
Stealth
a year ago
6-7L? You have to be kidding. In today's economy that's barely living wage. At that income you can't afford anything beyond the most basics.
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loga_roy
Stealth
a year ago
Yes, it happens but is rare. I know few people personally. Some people simply have an exponential growth curve early on. Call it luck, smarts, skills, whatever. It's good to acknowledge it and try to reach for it, but not healthy to start expecting/obsessing over it.
Smartfella
Stealth
a year ago
1cr - 92lpa with 5 years of work experience
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Stealth
a year ago
And i started at 20 because my degree was of 3 years
KhattaAngoorrr
Stealth
a year ago
It's real. I'm from a tier 3 college who graduated in 2021. Current CTC = 60. Cash = 50
ProProcrastinator
Stealth
a year ago
As long as you have the basics covered (around 12-15lpa) rest of it is just an add on onto lifestyle. Don’t fall into this FOMO and get depressed.
I'm not an IITian but making in that range.
Yes it's real and very much possible because tech salaries have rocketed post covid.
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Stealth
a year ago
How many years of experience do you have?
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Stealth
a year ago
What's your age?
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It's real, I get 40 ctc at my company and have less than 2 year of work ex. The SDEs my age from tier 1 will easily be making the numbers you quoted.
See I can tell you mine. I am earning 15LPA and is only 23 years. In my case I don't even have Btech.
So I think someone with Btech and good skills maybe be earning 30-40Lpa. But 50+ seems unreal.
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Stealth
a year ago
I was 20 when i started with 10lpa and now 22 i am at 16. Honestly i am happy but these inflated figures made me question myself. So i tapped some trusted resources and friends in those companies and they said there base is almost what ours is and these inflated figures are enjoyed by them only for first year with bonus, retantion and relocation they receive after that every consecutive year the amount they keeps decreasing only. And the most of their package comes from esops offered to them in usd and are therefore heavily taxed.
Don't question yourself. I will take those people from this world 10year before you. So even after earning so much they will have less time than you. So enjoy.
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Does it happens, yes. Is it also very rare, yes. You are talking about top 0.1% in tech if you compare by salary to age ratio.
ESOPs and valuation bubble. Bears have taken control, time for correction.
