Get the app
Product Managers
Product Managers
on
PeppyPickle
PeppyPickle
Stealth

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?

26mo ago
SleepyTaco
SleepyTaco
Razorpay26mo
  1. What is the vesting period of the ESOPs?
  2. Is your company going to go for an IPO soon? Or do they at least do buybacks?
  3. 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.

PeppyPickle
PeppyPickle
Stealth26mo
  1. Yet to get details on the ESOPs on the vesting and exercise period.
  2. 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.
  3. 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.
PeppyPickle
PeppyPickle
Stealth26mo

But thanks for the advice. Will definitely start prepping for interviews anyways.

BubblyDonut
BubblyDonut
Dream 1126mo

Don’t fall for the ESOPs trap.

Discover more
Curated from across
Misc
Misc9mo
by CosmicBananaProduct Marketing Manager

1 year into job, what to do next?

Recently, I've completed 1 year into my role and my CTC is 16LPA. The company is a startup, and I've got ESOPs which are included in CTC.

It has been an year, and I'm thinking of making a switch. But still can't decide whether I should ...

Software Engineers
Software Engineers14mo
by SillyLlamaSoftware Engineer

Need Advice!!!

I am currently working with a start-up from the last 2 years as a web developer angular+ dot net. My current CTC is 5LPA. Waiting for appraisal form last 1 year, and management has cleared that we do not expect a magical raise this time,...

Business Roles
Business Roles7mo
by CosmicPandaBusiness Analyst

How to grow in product management

Hi I have done my BTech (Tier 1) and MBA (Tier 2). I have 4 years of digital marketing and 2 years of product management experience. Current I work as a Product Owner in a service based company. My fixed compensation is 19 LPA.

How sh...

Hyderabad
Hyderabad1mo
by WobblyUnicornHighradius

Is the new company compensating me well?

Current CTC - 20L (16L fixed + 4L Esops) Vesting period of esops is 4 years, 25% each year. Completed 1Y8M

New CTC being offer - (19L fixed + 2L variable) HR said she will try for (20L fixed + 2L)

Joining bonus and relocation(Pune t...