img

Thoughts on my offer?

I have around 2 years of experience. 1) 10 months in pervious company with 6 month internship and 4 month full time. 2) 1 year 1 month in current company. I recently applied for a company and was offered an MTS role. ( 18 cash, 50 private RSUs + additional benefits) Total CTC is approximately 34 LPA The offer sounds overwhelmingly good based on current market standards but when I checked company’s stock price in secondary markets, they are worth less than 50% of what was quoted by the recruiter. Right now I am a bit skeptical on the stock price as the company has not yet gone public but they plan to in next couple of years. Not sharing company and personal details for obvious reasons.

img

r10a

Edgeverve

a year ago

RSUs are stock units and not stocks. Your company will buy back those shares once they’re vested and pay you equivalent money as your salary. But the price of the stock depends on the valuation of the company at the time when you sell the stocks back to the company. If you think the valuation can dip, you’ll lose money. A secondary market may not be the right place to sell. What is the valuation that the employer is telling you? If the cost of 50 RSU is 16L and is vested across 4 years, you’ll make 4L per year. If the company’s valuation doubles, you’ll make 8L per year. If you switch from this company after 1 year with a 30% hike on cash component, you’ll make an extra 5.4L. So, I wouldn’t put a lot of weight on RSU to evaluate the offer.
img

UrbanRun44

Stealth

a year ago

So I am getting 3060 RSUs. 1 stock value is 20$ according to current valuation so that is equivalent to 50L which is vested over 4 years. Equivalent CTC comes out to be 33-34L. The recruiter told me that the company plans to go for an IPO within 2 years so I have high hopes on that but what is concerning to me is the value of stocks in secondary market. What if I want to switch after 2-3 years and the company has still not gone public? I would probably have to sell off my RSUs at 50%. One thing I am also curious about is, do I get to keep the RSUs that are vested to me even after I leave the company? What do you think?
img

UnlinedTusk

Stealth

a year ago

The value of unlisted stocks can only be determined years down the line when (if) a listing happens.
Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

Bangalore on

by Deadshot99

Stealth

Is it a good idea to move cities right now

Background: I have around 7 years of experience. Right now doing WFH from tier-2 city and staying with family (Married so wife + my parents). My current job is good but politics and bad manager came into picture. I applied to few jobs and got an offer. Current Situation: The offer I got is WFO (hybrid) from Bangalore so I need to move. Increment in terms of cash is 12.5% (they dont want to push more). RSU is good and they vest in 1 year directly. I estimate that house I require near my office (Kadybeesanahalli) will cost around 50-60k and rest budget of 50-60k. So I will save around 1-1.5L (50% will go to MF, stock etc) Question: Is this a good decision to move and settle there ? New org is a reputable one and has stable job as of now Note: I am not including my wifes salary as she still needs to search a job

img

Business Roles on

by CleverHell1

Stealth

Offer Validation

Hi Wanted to see if the offer is in line with what the market is offering. It's a founders office role with a Series B company in Fintech. YoE: 4.5 One of the 5 old IITs Based on the market conditions, does it look lucrative enough to join? Fixed: 38 Variable:10% of fixed. With a possibility of 1.5x Stocks: Roughly 25 lacs per year

img

Indian Startups on

by TragicGlance

Swiggy

Offer review

Hi Grapeviners, I have an exp of exactly 2 years and i received an offer from a startup for analyst (level 1) at a cash component of ~ 20L (includes 10 % variable) and ESOP worth 3 L. My current company had an all fixed comp at 15 LPA ( fully remote) but the new company is WFO at Bangalore. I am also giving interviews for two other companies parallelly but my LWD of my current company was yesterday. Should I go ahead with this offer? Overall it looks decent but it's definitely not a financial improvement for me as the hike will offset the living expenses and the 30% tax bracket. Need your take on this guys. Should I wait more? The current offer I cannot hold for more than a week before it expires.

img

Software Engineers on

by UrbanRun44

Stealth

Rejecting an offer after accepting it

I recently got a decent offer. Recruiter asked me whether I want to wait for other potential offers before signing but I decided to sign as I thought that the market is bad and I might not get another offer. Later I realised that I was lowballed in terms of cash compensation. Right now, I have been shortlisted for 2 more companies that pay very well and I think I can crack those offers. The thing is, I like the first company a lot as their interview process and interviewers gave me a good idea of their work culture. Ideally, I would want to join them but I also think that I can get a much better package, potentially 2x in terms of cash compensation. Current offer in hand (good company): 18LPA fixed + 50LPA RSU vested in 4 years Potential offers(decent company/ layoffs happened/happening): 25-35LPA fixed + RSU I was also thinking that maybe I can go back to the first company after getting an offer from the second one and ask them to increase their initial offer or match it with the new one. Any views viners?

img

Product Managers on

by SquareRoot

Stealth

Is this offer good enough?

Hi everyone, Recently I've been given an offer from a seed funded fintech startup. So I'm just wondering if it is fair enough. Please help 21L base + 1L ESOPs (vesting over 4 years) YOE ~ 2 (Software engineer) What should be my ideal ask?

img

Software Engineers on

by BlondBore

Stealth

Offer analysis

I am currently working in a startup which pays 38lpa base and no stocks, no EPF. Plus point is complete work from home. So i accepted it. But then I am thinking if I was low balled, as I have 6 years experience including 2 other MAANG level companies i worked with (not exactly MAANG but nearby) My previous compensation was 28 base and stocks of 7 lakh per year. I didn't had any competing offer so accepted it. I am planning to study DSA and system design to start applying again in one year. Let me know your opinion.

img

Software Engineers on

by Pix

Startup

Should I join?

I recently got offer from an early stage startup in banglore. They raised a total funding of $5.19M over 2 rounds. My offer is 13 LPA + 1 lakh retention bonus 5k per month for commute and health insurance I have past experience of 2 years working with 2 startups and building apps from scratch for them. Honestly I'm really confused about this offer, it is for sure better than my previous offer but I'm not feeling satisfied. Any suggestions guys?

img

Indian Startups on

by thecsguy

Stealth

What would you do?

Currently I’m in a 600 member saas company with 23L CTC (60% fixed) - Account Management role. The culture is great and the work was joyful until 3-4 months back. Now its not that joyful nor am I enthusiastic about the company’s future. I have an offer from a 200 member saas company who has grown rapidly even in such economic conditions. Getting an offer of 18 to 20L (90% fixed) - CSM role. What would you choose if you were in my place?

img

Software Engineers on

by HighSeries6

Deloitte

CTC Thread

Comment down below your CTC and Experience and let others judge you that you need a switch or not. Mine is 7 LPA, Newly joined at Deloitte USI.

img

Product Managers on

by ProteinPancakes

Stealth

Should I make a move?

Without disclosing numbers & names, I’m currently a PM at an AI unicorn Salary - 20LPA + 200 ESOPs (2L value, 50 will vest in March.) (Hike due April) Job Offer - 25LPA + ESOPs (8.5L value) (Gaming/eSports company, which is kinda my passion) I had initially asked for 30LPA but the company came back saying the max they’ll be able to do is 25LPA fixed. Looking for opinions on what I should do.