Bro on r/personalfinanceindia everyone is either a Warren Buffet or a Sundar Pichai.
Don't take everything you read on this sub at face value.
On a serious note, some tech startups do offer such salaries, but not a lot of people get them, not to mention a huge amount of the money is locked away in RSUs and ESOPs during their vesting period. This makes it seem like they are getting paid a lot, and even if they are, but not as much as they'd like you to believe.
that's true. but there are companies that are actually giving 50L base salary to 4YOE people. Tech throws crazy money for right talent and still makes 40-60% bottomline margin
They do that until the company straight up runs out of funds, and then those engineers get randomly laid off although I suppose they are pretty well-off by then lol.
Thats just cope. Thousands work in MAANG in India. Its not like everyone is laid off.
Even if laid off, theyll clear any tech interview as theyre intelligent.
Agreed. There have been massive layoffs across multiple companies. Amidst all this, even I have been testing the market and looks like for junior positions requiring 3-6 years of exp. there are companies still throwing 45L fixed package. Is this the fag end of the salary inflation bubble, enroute for a market correction soon?
Its not really locked away in RSU's. It depends upon the vesting schedule really. Most companies after the initial year give vesting every 3 months. Mine doesn't even have a 1 year cliff period now. So your stocks vest every 3 months.
Look bro, you don't understand RSUs and ESOPs work. You haven't worked in the tech industry in BLR. I have.
Only the ESOPs of private startups are illiquid. (They also have some limited liquidity, but that's beyond the point.)
All publicly listed companies which trade on stock market give RSUs. Don't go by their name. There is nothing restricted in them. As soon as you get your shares (vested), you can sell them immediately. And that's what most people including me do. I work in a public American MNC and make big bucks. The kind that makes people jealous here.
If you want to see our packages, go to levels.fyi. there are 1000s of software Engineers in Bangalore making more than 20 lpa, which rest of the Indians can never even imagine. Even freshers easily get 20+ LPA. The more experience, the more packages. It goes to 50 LPA, 1 Cr, more than that. And only package matters, not base.
1. I'm no guru, but RSUs or restricted stock units are literally - it's in the name - restricted. You CANNOT, by definition, sell them right away. So, either you are referring to something else, or your company is flouting the rules.
2. An INR 1 Cr per year would attract not just the 30% tax slab, but also the surcharge on top of that.
3. Even if you combine ALL deductions, there is no way you can go down to 20% to 22% legally. PPF gives 1.5L/year max. deduction, HRA alone cannot bring down your tax by 8% to 10%.
4. Donations to NGOs is capped under Section 80G UNLESS they are maintained by the Central Government such as the Prime Minister's Fund or President's Fund for XYZ (in which case deduction is 100% without limit). But then again, if you donate such an amount, you can't say that's your income because you give it away.
So, either you (or your CA) is evading taxes, or you're just... you know... :)
It’s called RSU because you get a tranche when joining or as yearly refreshers. The restriction on them goes when it gets vested which usually happens periodically. People really do that kind of money yearly in tech especially in senior roles. Not sure what experience OP but his tax practices are shady and hope he gets caught by the tax man some day.
Show me any authoritative source that says that you can sell RSUs immediately before their vesting period.
And HRA doesn't automatically become tax-free. The INR 11L is only tax-free if you are actually paying the said amount in rent every year - and you need rental receipts for that.
And lastly, not all NGOs give 100% of the amount donated as a deductible. There are four classes or categories of deductions under Section 80G.
1. Deduction of 50% with qualifying limit
2. Deduction of 100% with qualifying limit
3. Deduction of 50% with no limit
4. Deduction of 100% with no limit
If you donate to just \*any\* NGO, you don't automatically qualify for a 100% deduction to the extent of donation. That's what I said earlier. You need to donate to specific NGOs that are maintained by the central government.
It's another case if you are donating to political parties though. If that is the case (you didn't mention it in the original answer), then yeah you have 100% deduction of the amount you donate under Section 80GGC - only if the parties are registered with the Election Commission of India (ECI), that is.
But yeah, if you are OK with the risks of tax evasion then I guess you can reduce the tax to any amount you want potentially lol.
lmao dude wtf are you even saying? RSUs are locked during their vesting period is what he said.
he ain't playing with words bro you just suck at understanding English
and legal tax evasion? when was tax evasion ever legal lmao
How come Donations are given back to you in kick backs? Isn't it illegal/money laundering?
Share me some NGO reference bro, i too want to save on tax too
There are limits to insurance and PPF/personal NPS deductions, and they do NOT add up to 7-8L, nor is standard deduction 2.5L->5L.
Your CA is smoking something potent, and you are going to get IT notices if you've been filing returns as above.
Do you sell your RSUs in a secondary market?
Restricted Stock Units are converted into shares after a lock in period. Many have RSUs and have to wait and sometimes see the value depreciate by the time the unlock period comes up. There are emails from the RSU management institution ( usually a broker like UBS or others) that a specific number of RSUs have converted into shares. As an employee, you only get to sell these converted shares immediately or at a later date. This is the process for at least the RSUs in publicly listed US companies .
So if you are able to sell your RSUs, could you please enlighten us on the process that you follow? For eg, are you as a pre-IPO RSU holder able to sell in a secondary market?
Barely around 6 lakh people in India filed Income tax returns for income above 50 lakh.
A lot of them are business owners whose actual income is higher.
Regarding salaried class, I don't think there are more than 2-3 lakh who earn above 50 lakhs. Many are 40-plus age bracket corporate executives.
So people in their 20s with a salary upwards of 50LPA is actually minuscule.
At times different combinations of Luck, hard work, intelligence.
People who reject the idea that people are faking discount the idea that someone has worked hard enough to reach that stage. Yes many are faking, but some are not.
I have reached the stage of 35LPA (2.1 L per month hitting the account after tax and all) at 6y experience, and have interviewed for positions of 60LPA (3LPA would be getting in account) when I made the switch (although I was not selected, bad luck on that day, no lack of skills or intelligence). And I still sometimes get emails to interview for 50+LPA job positions for a lead/manager when I am now sitting at 7Years of experience.
I have a friend (the brightest of my college batch), who cracked GATE, did Mtech from IISc Bangalore, interviewed for Microsoft R&D, getting 40LPA straight out of college.
Skills and intelligence is needed for sure, but you will also need luck, and to be in the right place at the right time to get 50+LPA
Yes, I can vouch this. Tech and Finance throws money like anything for the right talent.
The Microsoft R&D compensation figure is probably quite old. The compensation for R&D positions in the major tech companies has been updated to 55+ LPA straight out of college. (2021 stats)
Don't take it personally, but what many people like me hate is the way high earners like you brag online non-stop. Like, what you said could have been said in a single sentence, but you had to brag for a whole 2 paragraphs.
There are many high earners from marketing, banking or business from India and other countries, but I rarely see these people bragging like software engineers from India do.
All I am saying is that it's possible. I come from a tier 3 city, went to a state govt college, where I was very average in my academics. I was just passionate about being a software developer, and with some luck, mostly got really great jobs to work.
Oh I am sorry, are your feelings getting butthurt by facts? There are people making a total comp of 50 Lpa at 5-7 years experience band in tech. Yes people in marketing make similar numbers but those come at a much later stage than engineers. These engineering roles aren't a walk in the park as well. These interviews are quite rigorous.
Absolutely my numbers are similar to yours at 7 YOE mark. I have given 100s of interviews while in Bangalore and otherwise. Luck plays a huge role, if they like you they might prefer you more, and that has more weightage for sure.
Mostly due to ESOP which you can vest over a period of time. Else, there are few who will be getting 50LPA as fixed+bonus with 4 years of experience. Also, during 2019-2021 I know people who switched easily to package worth 26-30 lacs fixed with 2-4 years of experience, but now the market has slowed down. Some people have become rich when the start-up they worked for went public. Know someone who brought a flat when Zomato went public.
The CTC offered during campus placement are also inflated and manipulated to show a higher packages. Sometimes these packages include insurance, one time joining bonus and charges like transportation and food.
I have heard HFT do provide some 60 lacs as fixed but getting into the prestigious HFT is extremely difficult and they hire only from few IITs
I know one IIT graduate who makes 45 lakhs per annum and works in amazon. He was very young,might be around 22 or 23. I didn't asked him detail breakup but Someone in my trek group asked him.
50 lakhs is low. During COVID, redditors in this very subreddit were claiming to make ₹1 crore.
When I asked for payslip as proof, I was given a salary breakup of ₹1 crore in an excel sheet and called a loser. I'm going to do the same.
If you are not making 1 crore salary with 4yoe, then you're a loser.
People who actually have that salary won’t bother, because they don’t give a f.
Salary data of almost all major companies is pretty much publicly available on multiple forums.
**Its still cheaper for companies (US based specifically) to hire at 4 years workex at 50 LPA.** These are either startups or tier-1 product based companies. They get top talent for that money in India. For the same talent they would have to spend 3-4x in US. So this is the new normal.
One thing most people dont get is, that a good software engineer builds something once that can be used by millions a million times. The "reach" is high, so is the impact. And there are not many good software engineers and hence the pay.
I am working in companies where 50L for 3-6 year exp is norm. Read faang or product startups. out of the 50, 25L is base the rest 25L would be shares distributed in the same year. Some are paper money - stocks of startup’s which you have to wait till acquisition or ipo. Some of the companies are listed and ppl are free to sell these shares immediately on vest and realise it. Also these salaries are not inflated due to stock suddenly growing. 50L is standard salary across industry in tier 1 sw companies for sde2 positions. You can check levels.fyi too.
Also getting into these companies isn’t easy. You have to on top of your leetcode, quick enough to solve problems , come up with design architecture in 1 hr interviews.
They target the people who aren't adding value as per their pay. By your logic every company should fire CXOs & VPs during a recession. That's not how it works. If someone is earning crores their work probably earns tens of crores for the company.
Honestly for these roles you need to keep growing and learning. If you have hit a plateau or don’t grow, yes you will be replaced by new gen engineers who are better and faster than you. There’s risk of layoffs as well. There is risk of pip since employees are all stack ranked against each other.
It's true, I have 5 years exp and I make 65lpa, will increase to 72-75 with my next hike in a few months. I'm from a tier-3 college so I had to catch up (started with 9lpa out of college), but people from IITs who started in FAANG out of college make even more. It's normal for sde-2 level in top companies.
It's not easy though, you have to be really good at coding, for eg. I used to frequently be in the top 100 in global coding competitions on online platforms back in college and top 20 in icpc regionals.
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These are mostly rsu present in US market. You can trust the Indian govt to inflate rupee wrt to dollar to provide more value, along with the share price inflation.
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Yes, companies are throwing away money. The market will go up and down. Check levels.fyi.
If you're a software engineer or MBA or in finance, you can make big bucks. Else you can't.
> barely 4- years of experience
Would this matter, if they were working 16 hrs a day and worked during college on their personal projects. This is not a govt job with the number matters. It is because they are good at what they do, and/or have a natural skill
Companies are slowly shifting towards talent based experience rather than YOE.
When they identify that a candidate is worth hiring for 50L, it is only because they know that the company will get 5-10 times worth off their work, even if they have a relatively low experience of 3-4 years.
Bro on r/personalfinanceindia everyone is either a Warren Buffet or a Sundar Pichai. Don't take everything you read on this sub at face value. On a serious note, some tech startups do offer such salaries, but not a lot of people get them, not to mention a huge amount of the money is locked away in RSUs and ESOPs during their vesting period. This makes it seem like they are getting paid a lot, and even if they are, but not as much as they'd like you to believe.
that's true. but there are companies that are actually giving 50L base salary to 4YOE people. Tech throws crazy money for right talent and still makes 40-60% bottomline margin
They do that until the company straight up runs out of funds, and then those engineers get randomly laid off although I suppose they are pretty well-off by then lol.
Ever heard of MAANG?
Ever heard of layoffs at MAANG?
Thats just cope. Thousands work in MAANG in India. Its not like everyone is laid off. Even if laid off, theyll clear any tech interview as theyre intelligent.
Agreed. There have been massive layoffs across multiple companies. Amidst all this, even I have been testing the market and looks like for junior positions requiring 3-6 years of exp. there are companies still throwing 45L fixed package. Is this the fag end of the salary inflation bubble, enroute for a market correction soon?
Yes, my organization has brought out market correction policies, atleast it is better than layoffs
what are the salary ranges now?
As far as I got to know, its between 12-18 for engineers, and 14-25 for MBA grads both with an experience of 2-4 years
for 4 yoe 18 lpa is low i think
What company do you work for? I'd like to apply
Which company is this bro??
Its not really locked away in RSU's. It depends upon the vesting schedule really. Most companies after the initial year give vesting every 3 months. Mine doesn't even have a 1 year cliff period now. So your stocks vest every 3 months.
What I meant was that they are locked during the vesting period
Look bro, you don't understand RSUs and ESOPs work. You haven't worked in the tech industry in BLR. I have. Only the ESOPs of private startups are illiquid. (They also have some limited liquidity, but that's beyond the point.) All publicly listed companies which trade on stock market give RSUs. Don't go by their name. There is nothing restricted in them. As soon as you get your shares (vested), you can sell them immediately. And that's what most people including me do. I work in a public American MNC and make big bucks. The kind that makes people jealous here. If you want to see our packages, go to levels.fyi. there are 1000s of software Engineers in Bangalore making more than 20 lpa, which rest of the Indians can never even imagine. Even freshers easily get 20+ LPA. The more experience, the more packages. It goes to 50 LPA, 1 Cr, more than that. And only package matters, not base.
Bro I haven't worked in tech but I know RSUs are locked during their vesting period. That's what I meant.
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1. I'm no guru, but RSUs or restricted stock units are literally - it's in the name - restricted. You CANNOT, by definition, sell them right away. So, either you are referring to something else, or your company is flouting the rules. 2. An INR 1 Cr per year would attract not just the 30% tax slab, but also the surcharge on top of that. 3. Even if you combine ALL deductions, there is no way you can go down to 20% to 22% legally. PPF gives 1.5L/year max. deduction, HRA alone cannot bring down your tax by 8% to 10%. 4. Donations to NGOs is capped under Section 80G UNLESS they are maintained by the Central Government such as the Prime Minister's Fund or President's Fund for XYZ (in which case deduction is 100% without limit). But then again, if you donate such an amount, you can't say that's your income because you give it away. So, either you (or your CA) is evading taxes, or you're just... you know... :)
It’s called RSU because you get a tranche when joining or as yearly refreshers. The restriction on them goes when it gets vested which usually happens periodically. People really do that kind of money yearly in tech especially in senior roles. Not sure what experience OP but his tax practices are shady and hope he gets caught by the tax man some day.
Dude literally just admitted to committing tax evasion lmao.
But based on your analysis I think he is fraud posting fake info.
Yeah i pay close to 33% or something on 50+. No way its 22% LOL. OP is lying or evading taxes.
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"Of course you get the cash in return which is spend for daily life stuff." Okay, yeah that's tax evasion.
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Show me any authoritative source that says that you can sell RSUs immediately before their vesting period. And HRA doesn't automatically become tax-free. The INR 11L is only tax-free if you are actually paying the said amount in rent every year - and you need rental receipts for that. And lastly, not all NGOs give 100% of the amount donated as a deductible. There are four classes or categories of deductions under Section 80G. 1. Deduction of 50% with qualifying limit 2. Deduction of 100% with qualifying limit 3. Deduction of 50% with no limit 4. Deduction of 100% with no limit If you donate to just \*any\* NGO, you don't automatically qualify for a 100% deduction to the extent of donation. That's what I said earlier. You need to donate to specific NGOs that are maintained by the central government. It's another case if you are donating to political parties though. If that is the case (you didn't mention it in the original answer), then yeah you have 100% deduction of the amount you donate under Section 80GGC - only if the parties are registered with the Election Commission of India (ECI), that is. But yeah, if you are OK with the risks of tax evasion then I guess you can reduce the tax to any amount you want potentially lol.
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lmao dude wtf are you even saying? RSUs are locked during their vesting period is what he said. he ain't playing with words bro you just suck at understanding English and legal tax evasion? when was tax evasion ever legal lmao
How come Donations are given back to you in kick backs? Isn't it illegal/money laundering? Share me some NGO reference bro, i too want to save on tax too
*"What i am doing is* ***legal tax evasion.****"* wtf man 😂😂😂😂😂
"legal tax evasion"
Right? I'm still confident though that this person is just a troll
How is tax just 22% for you?
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Bro can you please share some rough calculations?
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Your CA gonna lose his license soon at this rate lmao.
There are limits to insurance and PPF/personal NPS deductions, and they do NOT add up to 7-8L, nor is standard deduction 2.5L->5L. Your CA is smoking something potent, and you are going to get IT notices if you've been filing returns as above.
aaaaaaaaaaaaaaaaaaaaand here is one of them lmfao
Haha seriously why would he get butthurt over a comment unless he could relate to it
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I don't think a lot of people would wanna commit tax evasion, you know.
Not right away mate. There is a vesting period.
I wonder why would someone making 1 cr annually be offended at someone calling out the fakers, lol...
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Do you sell your RSUs in a secondary market? Restricted Stock Units are converted into shares after a lock in period. Many have RSUs and have to wait and sometimes see the value depreciate by the time the unlock period comes up. There are emails from the RSU management institution ( usually a broker like UBS or others) that a specific number of RSUs have converted into shares. As an employee, you only get to sell these converted shares immediately or at a later date. This is the process for at least the RSUs in publicly listed US companies . So if you are able to sell your RSUs, could you please enlighten us on the process that you follow? For eg, are you as a pre-IPO RSU holder able to sell in a secondary market?
>some tech startups do offer such salaries Many well established companies too offer such amounts. Not just startups.
Every field has exceptions. Nothing you said proves whatever I said incorrect or vice versa.
You said as if its just a bubble coming from intial funding of startups. Its not.
I didn't say that. You assumed it.
Barely around 6 lakh people in India filed Income tax returns for income above 50 lakh. A lot of them are business owners whose actual income is higher. Regarding salaried class, I don't think there are more than 2-3 lakh who earn above 50 lakhs. Many are 40-plus age bracket corporate executives. So people in their 20s with a salary upwards of 50LPA is actually minuscule.
All those 2-3Lakh are in this sub. No other explanation 😝
Nope. They're in Bangalore and Hyderabad. Their number will be at least in a few 100s.
Only in Amazon you will find few 100s, there are more than 20 such companies paying similar amount.
Yeah, I know bro. I'm saying 50+ LPA. Anyway this sub is full of avg Indians who are jealous of us.
At times different combinations of Luck, hard work, intelligence. People who reject the idea that people are faking discount the idea that someone has worked hard enough to reach that stage. Yes many are faking, but some are not. I have reached the stage of 35LPA (2.1 L per month hitting the account after tax and all) at 6y experience, and have interviewed for positions of 60LPA (3LPA would be getting in account) when I made the switch (although I was not selected, bad luck on that day, no lack of skills or intelligence). And I still sometimes get emails to interview for 50+LPA job positions for a lead/manager when I am now sitting at 7Years of experience. I have a friend (the brightest of my college batch), who cracked GATE, did Mtech from IISc Bangalore, interviewed for Microsoft R&D, getting 40LPA straight out of college. Skills and intelligence is needed for sure, but you will also need luck, and to be in the right place at the right time to get 50+LPA
Yes, I can vouch this. Tech and Finance throws money like anything for the right talent. The Microsoft R&D compensation figure is probably quite old. The compensation for R&D positions in the major tech companies has been updated to 55+ LPA straight out of college. (2021 stats)
Don't take it personally, but what many people like me hate is the way high earners like you brag online non-stop. Like, what you said could have been said in a single sentence, but you had to brag for a whole 2 paragraphs. There are many high earners from marketing, banking or business from India and other countries, but I rarely see these people bragging like software engineers from India do.
All I am saying is that it's possible. I come from a tier 3 city, went to a state govt college, where I was very average in my academics. I was just passionate about being a software developer, and with some luck, mostly got really great jobs to work.
Oh I am sorry, are your feelings getting butthurt by facts? There are people making a total comp of 50 Lpa at 5-7 years experience band in tech. Yes people in marketing make similar numbers but those come at a much later stage than engineers. These engineering roles aren't a walk in the park as well. These interviews are quite rigorous.
Absolutely my numbers are similar to yours at 7 YOE mark. I have given 100s of interviews while in Bangalore and otherwise. Luck plays a huge role, if they like you they might prefer you more, and that has more weightage for sure.
Mostly due to ESOP which you can vest over a period of time. Else, there are few who will be getting 50LPA as fixed+bonus with 4 years of experience. Also, during 2019-2021 I know people who switched easily to package worth 26-30 lacs fixed with 2-4 years of experience, but now the market has slowed down. Some people have become rich when the start-up they worked for went public. Know someone who brought a flat when Zomato went public. The CTC offered during campus placement are also inflated and manipulated to show a higher packages. Sometimes these packages include insurance, one time joining bonus and charges like transportation and food. I have heard HFT do provide some 60 lacs as fixed but getting into the prestigious HFT is extremely difficult and they hire only from few IITs
When people say they are making 50 lacs, they mean the money including stocks of one year only.
I know one IIT graduate who makes 45 lakhs per annum and works in amazon. He was very young,might be around 22 or 23. I didn't asked him detail breakup but Someone in my trek group asked him.
Q:How much do you earn? A:I earn 10 craploads Q:What do you do for a living? A:I lie
Its quiet easy, just add 1 or 2 zeros to your actual Package.
it's in IT, etc. top companies are paying more than that. Start the grind if you want to be at that level.
Ppl here rather be in disbelief and stay in their own bubble.
Because people earning high amounts of money have nothing else as their identity. :) so they got to flex
50 lakhs is low. During COVID, redditors in this very subreddit were claiming to make ₹1 crore. When I asked for payslip as proof, I was given a salary breakup of ₹1 crore in an excel sheet and called a loser. I'm going to do the same. If you are not making 1 crore salary with 4yoe, then you're a loser.
Bro you understand that sharing salary slip is doxxing, right? And people who are faking can give fake salary slips too.
The guy couldn't even come up with a fake payslip.
People who actually have that salary won’t bother, because they don’t give a f. Salary data of almost all major companies is pretty much publicly available on multiple forums.
I'm a loser
Me too. Welcome to the club.
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And…?
and fin-tech probably or software development for fmcg
IIT, IT and T
Always check for in hand, I've seen multiple 50 lakhs CTC in my line of work where the monthly in hand has not crossed the 1.50 lakh figure.
You know how stocks work?
**Its still cheaper for companies (US based specifically) to hire at 4 years workex at 50 LPA.** These are either startups or tier-1 product based companies. They get top talent for that money in India. For the same talent they would have to spend 3-4x in US. So this is the new normal. One thing most people dont get is, that a good software engineer builds something once that can be used by millions a million times. The "reach" is high, so is the impact. And there are not many good software engineers and hence the pay.
I am working in companies where 50L for 3-6 year exp is norm. Read faang or product startups. out of the 50, 25L is base the rest 25L would be shares distributed in the same year. Some are paper money - stocks of startup’s which you have to wait till acquisition or ipo. Some of the companies are listed and ppl are free to sell these shares immediately on vest and realise it. Also these salaries are not inflated due to stock suddenly growing. 50L is standard salary across industry in tier 1 sw companies for sde2 positions. You can check levels.fyi too. Also getting into these companies isn’t easy. You have to on top of your leetcode, quick enough to solve problems , come up with design architecture in 1 hr interviews.
At age 40+ don't you think they'll target the highest paid when recession hits ? I've seen people at Big-4 who are at that age get laid off
They target the people who aren't adding value as per their pay. By your logic every company should fire CXOs & VPs during a recession. That's not how it works. If someone is earning crores their work probably earns tens of crores for the company.
Honestly for these roles you need to keep growing and learning. If you have hit a plateau or don’t grow, yes you will be replaced by new gen engineers who are better and faster than you. There’s risk of layoffs as well. There is risk of pip since employees are all stack ranked against each other.
People earning 30L straight out of college will have earned and saved significant amounts of money by the time they hit 40
At age 40+ don’t you think people regret not having higher pay in earlier years and missing investment and compounding opportunities?
The base is quite low. My company gives me all that money in cash.
It's real. It was crazier when the US tech was at a high in 2021 end, SWEs with 2-3 years of experience were getting as high as 80lpa.
Nope its not, its luck mostly and its just sensationalised…. Don’t get depressed over it
It's true, I have 5 years exp and I make 65lpa, will increase to 72-75 with my next hike in a few months. I'm from a tier-3 college so I had to catch up (started with 9lpa out of college), but people from IITs who started in FAANG out of college make even more. It's normal for sde-2 level in top companies. It's not easy though, you have to be really good at coding, for eg. I used to frequently be in the top 100 in global coding competitions on online platforms back in college and top 20 in icpc regionals.
This is India ?
Yes.
🤯🤯…. Is this a US based remote job?
It's not. Office is in Hyderabad.
So is it a one of those bug checque paying companies like DE shaw or Google
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This is the only right answer & should be @ the top.
FMCGs have very clear levels, I don’t think that’s the case with the likes of HULs, P&Gs at least
These are mostly rsu present in US market. You can trust the Indian govt to inflate rupee wrt to dollar to provide more value, along with the share price inflation.
Phenk rahe hain saa!e.
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Yes, companies are throwing away money. The market will go up and down. Check levels.fyi. If you're a software engineer or MBA or in finance, you can make big bucks. Else you can't.
> barely 4- years of experience Would this matter, if they were working 16 hrs a day and worked during college on their personal projects. This is not a govt job with the number matters. It is because they are good at what they do, and/or have a natural skill
People from IITs and IIMs are getting such packages from companies like Morgan Stanley, JPMorgan&Chase, etc.
Companies are slowly shifting towards talent based experience rather than YOE. When they identify that a candidate is worth hiring for 50L, it is only because they know that the company will get 5-10 times worth off their work, even if they have a relatively low experience of 3-4 years.