RattuTota

Company is good but CTC pinches

I work in a fintech company. Revenue and growth wise we are good, we just got acquired by a large internet platform too. Also, last year has been a tremendous learning for me as well. I like being PM but looking to move out of my current industry (lending) as I want to explore other domains and I feel like my CTC here is somewhat low (18.5 + 1.5 bonus) considering my experience (around 4.5 years). My boss said that I will get ESOPS (around 10 lacs) which I can liquidate around 50% this year. Should I wait for my appraisal to complete (will happen around April) and look to switch or should I start preparing for interviews now itself?

22mo ago

notyouravgcorporat

Razorpay22mo

What is the vesting period of the ESOPs?
Is your company going to go for an IPO soon? Or do they at least do buybacks?
What do they mean by 50% liquidation this year - is this an accelerated vesting period or something?

Be wary of ESOPs - it’s just paper money. Sounds to me like you deserve a raise. But market is also uncertain… I’d say you can start prepping for interviews - no harm in that. Interview prep can take a lot out of you so starting now itself will give you a head start + even if you decide to not switch later, prep won’t go to waste. You’ll just be honing those skills.

RattuTota

Stealth22mo

Yet to get details on the ESOPs on the vesting and exercise period.
No, we got acquired by a large player. I don’t have details on when this large player is planning for IPO or buybacks. But I am told that I will get ESOPs of this large player too.
What I was told by my boss is that these ESOPs are of my company which because of acquisition of large player can be liquidated to some percentage. No idea whether this comes into a scenario of accelerated vesting or not.