I am a Tier 1 MBA grad with ~ 2 YOE, My CTC is 18 LPA.
I have quit my job and I'm expecting a 25-30% hike for the next role (23 LPA)
Is this a valid expectation to have? I know I'm already being underpaid, but considering the current market situation it seems difficult to get that kind of a raise.
What should be the appropriate amount to quote?
Without offer why u quit? Having expectations is right but due to present job market it’s really hard to find new job. Its my opinion and might be wrong but take back the resignation and find another offer, and then negotiate
You are not underpaid. You can generally expect a 20-30% hike on a job switch but 2 factors are against you - it is a challenging job market and you are not employed currently. So accordingly manage your expectations and don’t say NO to an employer just for the salary.
There is no benchmark anywhere. You Are from T1. Ask a random/unreasonable number. They will offer you a lesser amount, because they have to negotiate. Agree and move on to your next target 18 months later.
if you are from tier 1, then it's underpaid
I m Tier 1 MBA with 3.5 years of experience in Strategy and Marketing. Took a paycut on my 2022 CTC to join a great company in a great role in 2023 during all layoff scenes of early 2023. This year also I m expecting hardly 7 - 8% hike....
I am open to discussion and negotiation, but I don’t want my application to get rejected. I’ve mentioned 60% hike.
Currently I am working in an MNC with 2.5 yr experience. My CTC is around 8LPA. I am planning to switch and how much hike can I ask during the switch based on the current market scenario??
I think I'm being lowballed. Not sure though. Non tech Product Manager for 3.5 years. Total experience of 11 years. Tier 1 MBA after 6 years of working in the core industry.
Current salary is 29L.
An example scenario: Let’s say my CTC is 34 LPA + annual stock payout of 5 Lakhs. My total yearly earning potential is 39 LPA.
In the new role they don’t have a variable or stocks. Is it reasonable to ask for a 25% hike on the overall ...
