PeppyTaco
PeppyTaco

How do you people make so much in your 20s?

You all might obviously guess that I'm speaking about the other two posts in which each of them in their early 20s making 50+ LPA and 70+ LPA respectively.

Honestly curious, how do these guys get paid so much? I feel like salaries in IT industry are heavily inflated.

I'm from EEE background, trying so hard to find a job in Data field. I've previously worked in my field for 3 years, but the growth seemed pretty less in the long run, hence the switch.

Finding a job as a fresher (in IT industry) is so hard man. I'm mainly looking for the startups.

They either ask for experience, or the pay is very similar to what I made previously in my field. (which is <10 LPA).

Above all, I'm not even getting responses from companies for my applications.

So yeah, how do people in their 20s make so much in the IT industry? Is it only FAANGand big corps or applicable to startups as well (like unicorns etc)???

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PeppyRaccoon
PeppyRaccoon
Vercel24mo

Remote US based startups pay a lot :)

PeppyTaco
PeppyTaco

how do you land them as a fresher? I recently got rejected by one in 2nd round. Overall I applied for 30+ companies (both Indian and US), only 4 responded me and 1 called for an interview.

QuirkyDonut
QuirkyDonut

Search in YouTube for guidance

SquishyPickle
SquishyPickle
Amazon24mo

It’s definitely possible, freelancing, consultant, multiple companies. It’ll be hard works and long hours and weekends as well, but should pay at least 50L. take for example 25L in a job as salary. Freelancing projects, you can easily get 1-1.5L/month. So that becomes another 25L. And then moreover you can be a consultant for another company, that should pay 10-15L. grind like this for 8-10 years, now you have enough money to retire :)

SquishyPickle
SquishyPickle
Amazon24mo

btw I’m 23, and making about 75L pre tax.

SquishyPickle
SquishyPickle
Amazon24mo

I’ve seen freelancing job for US companies making 2-3L/month as well. Simple projects. Flutter/Web stuff only.

FuzzyPenguin
FuzzyPenguin

Selection Bias

PeppyTaco
PeppyTaco

Agreed. But I do see a lot of people making 25-50LPA easily before their 30s.

DerpyWaffle
DerpyWaffle

Yeah In my company a software engineer freshers salary starts at 25 LPA

PerkyWalrus
PerkyWalrus

Same dude, same! Makes me question my life

PeppyBiscuit
PeppyBiscuit

it's biased. i feel no cognizant wiprp folks are here.

GigglySushi
GigglySushi

Quant trading funds pay similar amounts to freshers.

SquishyMochi
SquishyMochi

Will you please tell me in details?

QuirkyDonut
QuirkyDonut

Search for hedge fund, hft in Google

QuirkyJellybean
QuirkyJellybean

Sometimes I feel these guys add their esops and tell their salaries

CosmicCoconut
CosmicCoconut

Here is my two cent advise on how to overcome this.

  1. Keep reading more technologies
  2. Apply for all software jobs
  3. Take up anything that is fine with you and offers you a technical role, even if it means same or lesser salary compared to your present salary
  4. Ensure you build solid experience of a year or 1.5 yrs and then switch. This time you can garner a better salary.

Word is advise dont get carried away by others salary. It won't help you much

FloatingTaco
FloatingTaco

Factor 1: 95% of such people are from tier 1-2 colleges Factor 2: mostly from CS branches

SillyPancake
SillyPancake

Inki salary dekh k toh Sundar Pichai bhi sochta hoga SDE hi ban jaun

PerkyLlama
PerkyLlama

While most people who start making very good money early on mostly come from top tier colleges and work in MAANG, that's not the case with all. There are many brilliant people who come from average colleges working in start-ups or other big companies and earn a lot, too.

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FAANG
FAANG10mo
by JumpyTacoGoldman Sachs

FAANG & unicorn folks, what do you do with all that money?

The FAANG and unicorn employee salaries for even 2-7 YOE engineers is quite insane compared to the average Indian employee pay in other sectors of the economy.

The average SDE2 at these companies makes 50+ lakhs per year in compensati...

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