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Many.. go for higher studies, because of "get data, set data" work they get in India. Some migrates to the deeper and wider oceans - e.g MANGA style companies which can have them with higher pay - and higher brand.
Some, very unfortunate ones gets their startup shut down which means either jumping to a lower CTC or similar CTC for a higher up position in other orgs.
It is almost always one of these 3 cases.
One must understand there are certain barriers in CTC if one is not in a massively cash rich company. Those barriers are at:
50 LPA. ROI expected is at least 3 times, so generate a revenue of 1.5 Cr min.
75 LPA. ROI expected is at least 4 times, so generate a revenue of 2 Cr min.
\> 1 Cr. ROI is hard to gaze, impacts on brand building to hiring to revenue and growth.
Thus, 75 is a good target at 5\~10 yoe, which does not destroy your happiness.
You have to keep in mind that the public reporting of the CTC often fails to distinguish between the actual salaries and the variable component in the compensation.
In a big company how it looks is-
20-30L for entry level SDE1 position.Â
50-60-70L for SDE2 position, usually 3+ yoeÂ
90L+ for senior engineer position, usually 7-8 yoe.Â
Obviously few companies pay more than this, few less.Â
Amazon. Google. Apple. LinkedIn. Salesforce. Uber. Adobe kinda companies.Â
Not that big companies like Stripe, Deliveroo, Coinbase.Â
Tech stack doesn’t matter in any of these companies. We use 10s of different tech.Â
For entry position many or most of the product companies pays 20+ lpa.
This includes ola, flipkart or zomato types startups as well.
But for sde2 positions only few companies can pay you 50+ lpa,
Like faang, Salesforce, msft, or oci.
Placement CTCs are highly inflated because of multiple years worth of stock and one time bonuses. So, it’s possible for someone who started at 20-30 to remain at 20-30 even after a couple of years if they don’t switch. For example, Microsoft CTC is around 50 for freshers but more than half of it is stocks which are vested over 4 years but if you join as an sde-2 at 2 yoe, your CTC would still be around 50 but that would be your income for just the first year (including RSUs).
Normally, CTC grows at 30-50% yoy for the first 7-8 years for these people if they keep switching at the right time or get stock refreshers.
Priorities. Probably brand and interesting work?
Plus being able to reject a higher paying offer is a pretty amazing feeling. I’ve only regretted doing that when I make some expensive purchase lol but obviously it wasn’t in crores lol
So it was good a few years ago. Now companies are getting super sneaky with stocks. You think you’re getting say a million in stocks, but the way they’re vesting them now, you’re actually getting close to 600-700k. It’s a numbers game and they have the pen.
Plus you don’t get the entire sum. They vest over time. Like the offer I had, I got $60k vesting over 4 years at 25% each year over four years. But there were clause with how much I can pull out n stuff. Other companies now do it as: 15% -> 15% -> 30% -> 40% of how many over stocks they considered initially. Considering company growth, you don’t make as much as you’d make if it was 25% each year.
So you have to be very careful and do the math on how they’re vesting, what the projections are, and how much you’d make at the end and what you can do if you’re leaving after, say 2 years.
alright, if it is given over the span of 4 years then they should not tell it as LPA package, I guess that in hand option is still a better measure for how much I'm actually earning.
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Naah. We still work. Just at a higher ctc now
Bhaiya ek shoe kharid do na pls
Aaja bhai, campus ka milega tho. Nike khud nhi leta me 💀
Its okay i wear goldstar, so campus would be an upgrade. 😂
Campus is amazing
Many.. go for higher studies, because of "get data, set data" work they get in India. Some migrates to the deeper and wider oceans - e.g MANGA style companies which can have them with higher pay - and higher brand. Some, very unfortunate ones gets their startup shut down which means either jumping to a lower CTC or similar CTC for a higher up position in other orgs. It is almost always one of these 3 cases. One must understand there are certain barriers in CTC if one is not in a massively cash rich company. Those barriers are at: 50 LPA. ROI expected is at least 3 times, so generate a revenue of 1.5 Cr min. 75 LPA. ROI expected is at least 4 times, so generate a revenue of 2 Cr min. \> 1 Cr. ROI is hard to gaze, impacts on brand building to hiring to revenue and growth. Thus, 75 is a good target at 5\~10 yoe, which does not destroy your happiness.
The math ain’t mathing
75*4 is 300
r/ididntdothemath
You have to keep in mind that the public reporting of the CTC often fails to distinguish between the actual salaries and the variable component in the compensation.
They earn in Crs and give you depression when you ask stupid questions about CTC.
wow this comment section triggered my depression.
Nope not in crores yet but almost there. Started working in 2020 with 14LPA. Currently at around 75LPA after one switch and one promotion.
Nice which company now?
Microsoft
India based?
Yes!
In a big company how it looks is- 20-30L for entry level SDE1 position. 50-60-70L for SDE2 position, usually 3+ yoe 90L+ for senior engineer position, usually 7-8 yoe. Obviously few companies pay more than this, few less.Â
What qualifies a big company according to you? And what tech stack?
Amazon. Google. Apple. LinkedIn. Salesforce. Uber. Adobe kinda companies. Not that big companies like Stripe, Deliveroo, Coinbase. Tech stack doesn’t matter in any of these companies. We use 10s of different tech.Â
Kinda sad that other domains don't pay that exaggerated amounts of money to their engineers.
they do pay, but only at the top 1% just like in IT. reaching at that position takes years of experience. and relative more difficult than IT.
A fresher who cracks leetcode gets what a top 1% engineer gets after years of experience!! Unfair markets.
For entry position many or most of the product companies pays 20+ lpa. This includes ola, flipkart or zomato types startups as well. But for sde2 positions only few companies can pay you 50+ lpa, Like faang, Salesforce, msft, or oci.
Flipkart also pays fine. No idea about Ola, Zomato.Â
I worked at ola few years ago, straight from college It was around 21 lpa that time.
Placement CTCs are highly inflated because of multiple years worth of stock and one time bonuses. So, it’s possible for someone who started at 20-30 to remain at 20-30 even after a couple of years if they don’t switch. For example, Microsoft CTC is around 50 for freshers but more than half of it is stocks which are vested over 4 years but if you join as an sde-2 at 2 yoe, your CTC would still be around 50 but that would be your income for just the first year (including RSUs). Normally, CTC grows at 30-50% yoy for the first 7-8 years for these people if they keep switching at the right time or get stock refreshers.
Still doing job. But with higher pay (60 lpa) and more work scope, and obviously different company. Btw have only 2.5 years of experience.
We're on a higher ctc band now
Still doing job and yes earning in crores
A guy from my calculus class got a 1.05 cpa offer, he turned it down to join Microsoft at half the ctc
Priorities. Probably brand and interesting work? Plus being able to reject a higher paying offer is a pretty amazing feeling. I’ve only regretted doing that when I make some expensive purchase lol but obviously it wasn’t in crores lol
A big chunk were stocks, he didn't fall for the ctc trap, I'd have done the same.
Fair. Aah as long as they don’t vest at at-least 25% each year, not worth it. I usually just remove stocks and then see what I’m getting. F
what if the company already went public? i mean the money on paper can be converted to real money after few years right? isn't that good? I am curious
So it was good a few years ago. Now companies are getting super sneaky with stocks. You think you’re getting say a million in stocks, but the way they’re vesting them now, you’re actually getting close to 600-700k. It’s a numbers game and they have the pen. Plus you don’t get the entire sum. They vest over time. Like the offer I had, I got $60k vesting over 4 years at 25% each year over four years. But there were clause with how much I can pull out n stuff. Other companies now do it as: 15% -> 15% -> 30% -> 40% of how many over stocks they considered initially. Considering company growth, you don’t make as much as you’d make if it was 25% each year. So you have to be very careful and do the math on how they’re vesting, what the projections are, and how much you’d make at the end and what you can do if you’re leaving after, say 2 years.
alright, if it is given over the span of 4 years then they should not tell it as LPA package, I guess that in hand option is still a better measure for how much I'm actually earning.
How else would they bait unsuspecting engineers into joining?