ZestyBiscuit
ZestyBiscuit
Student

Finding ratio of salaries and experience

Let's find the ratio of salary packages, basically take your CTC divided by years of experience.

If you have a 40 LPA with 2yrs experience that's 20 then.

If you're a fresher divide by 1.

Now choose an option based on that number.

< 5
5 - 10
11 - 15
16 - 26
26 - 40
> 40
1134 votes21d left
8d ago
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PrancingPotato
PrancingPotato

Kyun karna hai ye sb?

PrancingMuffin
PrancingMuffin

Validation

SwirlyTaco
SwirlyTaco

In Tier 1 companies around 20 is very common. Even at higher YOE.

ZestyBiscuit
ZestyBiscuit
Student6d

So for 5 yoe they will pay you 1 Cr I think that's quite rare even in tier 1 and if you consider the stocks too

SwirlyTaco
SwirlyTaco

In Salesforce, at 5 years of experience, many of my colleagues are getting around 90L in SMTS position.

SleepyNugget
SleepyNugget

Just an FYI for the community.

Staff PM - 8.5 YOE - 50Lpa (48 fixed cash + retirals)

ZestyBiscuit
ZestyBiscuit
Student7d

Why mention it seperately?

SleepyNugget
SleepyNugget

Just for the community to get some understanding of the market scenario. I myself have benifited alot by getting an understanding of market landscape.

JumpySushi
JumpySushi
HCL7d

What should be the multipier to quote package in any interview. As i know current multiplier is (2.5 -4) depending on your skills and tech.

So for ex a person with 10yoe has to be on 10×2.5 = 25LPA as far as i know. What are your views on this. Is it correct ?

ZestyBiscuit
ZestyBiscuit
Student7d

I would say anything your multiplier is decent. 6 - 8 is good. Above that is excellant.

If you're current multiplier is 3, try to ask for 5 or more when you switch. Obviously you need to back that with experience and skill.

FluffySushi
FluffySushi

What is the outcome or conclusion of each result? Do we have a benchmark to compare with?

ZestyBiscuit
ZestyBiscuit
Student7d

Well going off by current probabilities, the expected multiplier is around 10.75, that is skewed by the top 15% though.

If I leave out top 10% it comes out to around 10. Meaning on average a fresher gets 10LPA, someone with 3 yrs experience gets 30 LPA? Which is actually quite big, maybe because the poll is on Grapevine.

Outside Grapevine, the number would be lower I think.

I think the ratio becomes worser with more experiene.

DancingBoba
DancingBoba

Twitter ki engagement farming ab 🍇 par bhi

ZestyBiscuit
ZestyBiscuit
Student7d

Yes because they are very useful lol Just wanted to know the distribution of industry that's all I thought the median would be higher

JumpyHamster
JumpyHamster

If I calculate considering true inflation these ratios will cut into a third I guess

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