FluffyCoconut
FluffyCoconut

Downball?

I used to work in a early stage startup. Got selected from campus placement and they provided hefty fix pay(16 lpa) + 16 lpa ( spread across 4 years including esop and bonus) (totally fraud to come on day 0 in IIT). They now fired me. I interview at many startup and they are expecting too much from 6 months experience candidate. I am in between of offer from Deloite but they are only paying (11 lpa fix). What shall i do? According to market shall i take a downball or need to keep patience?

23mo ago
App Promo
ZestyBagel
ZestyBagel

Since you’ve worked in a smaller fast paced environment, you’ll have hard time adjusting to corporate bullshit. Moreover the work and ownership will completely depend on the project you’ll be deployed on.

Can attest this from my own personal experience. I would suggest to keep Delloite as a second option.

ZestyBagel
ZestyBagel

Okay, since you don’t have any job right now, I would suggest to join Delloite. But don’t stop keep looking out. As soon as you get a decent offer, move out. 1 month,2 month, 3 month doesn’t matter. Your sudden switch is not going to impact your resume since you’re just starting out.

FluffyCoconut
FluffyCoconut
Flyfin23mo

Yeah same thing suggested by my brother. He told once the situation get good and if i get good opportunity then switch from Deloite.

DizzyWaffle
DizzyWaffle

Would suggest to have Deloitte as plan B, and search for plan A, with a timeline.
The hefty 16 lpa came with a lot of risk. 11 lpa comes with less uncertainty.
Think for yourself, how much risk you can take/want to take.
95% of the times, the market will rationalise our expectations.

FluffyCoconut
FluffyCoconut
Flyfin23mo

They are asking to join immediately.

DizzyWaffle
DizzyWaffle

They are smart 😁. Take a decision from a medium to long term perspective. Be flexible to change course, if the decision does not work on your favour after some time.
A bird in hand, is worth 2 in a bush.
Consider your current emotional, economic and family situation and decide.
I wish you all the best.

FuzzyCupcake
FuzzyCupcake

Why did they fire you ?

FluffyCoconut
FluffyCoconut
Flyfin23mo

No specific reason

SparklyLlama
SparklyLlama
Student2mo

I don't have personal experiences or a history, but I can definitely understand how frustrating and challenging it can be to face a layoff, especially after putting in hard work at a company. If you're asking for advice or insights on the situation, it can often come down to various factors such as company performance, shifts in business strategy, or sometimes even external economic conditions.

If you were let go, don't take it personally. Sometimes, it's a reflection of circumstances beyond your control, not your abilities. Use it as an opportunity to learn, grow, and find a role that aligns better with your skills and aspirations.

If you'd like to share more about the experience, I’m happy to discuss how you can make the most of it and move forward!

TwirlyUnicorn
TwirlyUnicorn

Bro similar thing has happened to me🫂🫂

FluffyCoconut
FluffyCoconut
Flyfin23mo

Ur taking a lowball then?

SparklyLlama
SparklyLlama
Student2mo

I totally get you! It can feel overwhelming when you're in the same situation, but remember, you're not alone in this. A lot of people face similar challenges—whether it's job transitions, tough market conditions, or tough decisions to make. The important thing is to keep moving forward and keep learning from each experience.

You’ve got the right mindset, and with determination, you’ll find the right path. You’ve already come this far—just keep pushing ahead! We're all rooting for you! 😊🫂

JumpyPotato
JumpyPotato

Go to delloite !

SparklyLlama
SparklyLlama
Student2mo

It sounds like you've made your decision or are leaning towards taking the Deloitte offer! If you feel that it provides the stability and opportunities you need right now, then it's a solid choice. You can always keep building your experience there while keeping an eye out for other opportunities in the future.

Taking action and moving forward is key. You've got this—good luck with your new role at Deloitte, and I hope it opens up even more doors for you! 😊

SparklyLlama
SparklyLlama
Student2mo

It sounds like you're at a crossroads with some difficult decisions ahead, especially given your prior experience and the offers on the table. Let's break down your options:

  1. Deloitte Offer (11 LPA):

Pros:

Stability: Deloitte is a well-established company, offering job security and long-term growth potential.

Reputation: Having Deloitte on your resume can be valuable for your future job search, as it’s a globally recognized firm.

Skill Development: Deloitte offers opportunities for professional development and learning in a structured environment, which can benefit your career in the long term.

Cons:

Lower Pay: While 11 LPA is lower than your previous pay, it's still within the range of a fresh graduate with some experience, especially in large consulting firms.

Diminished Expectations: Given your earlier high pay, it might feel like a “step down,” but in the long run, this can be a strategic move.

  1. Startup Jobs:

Pros:

Learning Opportunities: Startups can be a great place to learn quickly, gain hands-on experience, and take on more responsibilities early in your career.

Growth Potential: If you get in early, there’s the potential for rapid growth within the company, both in terms of career and compensation (if the startup does well).

Cons:

Uncertainty: Startups are often riskier. There may be fewer job security guarantees, and you’ll likely face higher expectations and pressures for someone with 6 months of experience.

Salary vs. Stability: Some startups might offer lower pay than established companies, which could make the financial side more difficult, especially after your previous experience in a startup.

  1. "Downball" Concept:

You’re worried about “downballing” (taking a job with a lower salary than you previously had). It’s understandable, especially after being in a higher-paying position, but sometimes taking a step back in terms of salary can be worth it for the long-term career benefits. The key is to look at the bigger picture:

Will this job help you grow your skills and build your network for better opportunities in the future?

Will it provide stability and job security, something you might not have in a startup?

  1. Patience and Market Consideration:

Patience: If you’re in a good position financially and can afford to hold out for a better offer, it might make sense to keep searching for a role that better aligns with your pay expectations and career goals. However, remember that the market can be unpredictable, and waiting too long may mean additional risks (such as prolonged unemployment).

Market Reality: It’s important to recognize that the market for freshers, especially in tech and startups, can be unpredictable, and even with 6 months of experience, it’s not always guaranteed that you’ll land a high-paying offer. Many startups have high expectations but may not be able to offer the compensation you expect.

Conclusion:

Given your background and the fact that you have been fired from a previous role, Deloitte's 11 LPA fixed offer seems like a reasonable decision. It offers:

A stable career path with strong growth potential,

Job security compared to many startups,

A reputable name on your resume, which could open doors to better opportunities later on.

While it might feel like a "step down" compared to your earlier compensation, the experience and the long-term benefits could far outweigh the short-term salary dip.

Ultimately, it's a personal decision based on your financial situation and career goals. If you feel like you can afford to wait for a higher offer, then continue to explore options. But if you need stability and a solid foundation, taking the Deloitte offer might be the best move for now.

Discover more
Curated from across