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SillyBiscuit
SillyBiscuit
Stealth

ESOPs <> PhonePe

Does it make sense to join PhonePe by taking a lower pay compared to other offers if PhonePe is covering it up with ESOPs?

Given the recent news of IPO, I would want to understand this. Razorpay too is luring with similar options. Lower Fixed, but compensate with ESOPs.

3mo ago
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DancingKoala
DancingKoala
Zepto3mo

Avoid RazorPay. Culture sucks over there. Couple of my friends working over there.

SqueakyTaco
SqueakyTaco
Stealth3mo

How's that at zepto?

DancingKoala
DancingKoala
Zepto3mo

Hustle culture, fast pacing but rewarding if you put the effort.

SwirlyHamster
SwirlyHamster
Walmart3mo

What skills required for PhonePe

SillyBiscuit
SillyBiscuit
Stealth3mo

The usual analytics stuff. SQL, Python, problem solving etc

SqueakyUnicorn
SqueakyUnicorn
PhonePe3mo

Take the one with cash. If you want, you can buy actual stocks with that cash. It's not even RSUs but ESOPs. Even with an IPO it doesn't make any sense. Also given recruiters don't factor in ESOPs into your compensation while making a switch, so more cash helps in your next switch.

SillyBiscuit
SillyBiscuit
Stealth3mo

Should it be the same if the ESOPs are more than the delta in fixed, ona yearly basis?

SqueakyUnicorn
SqueakyUnicorn
PhonePe3mo

If it's more than it makes sense, at least for Phonepe due to IPO announcement. How much more that you will have to decide, based on liquidity lock with ESOPs and possibility of stocks plummeting post IPO.

PeppyRaccoon
PeppyRaccoon
Intel3mo

Repeat after me ESOPS are never a substitute of salary.

SillyBiscuit
SillyBiscuit
Stealth3mo

Haha, that's true too

QuirkyMochi
QuirkyMochi
PhonePe3mo

Razorpay valuation sucks 🤮 plus buybacks are not assured. At phonepe from what i see is buybacks happen a lot.

SillyBiscuit
SillyBiscuit
Stealth3mo

Interesting, thanks

FuzzyPretzel
FuzzyPretzel
Stealth3mo

What's your years of experience? Usually HRs try to lowball the fixed by quoting ESOPs but I don't see many people exercising theirs ( not sure about listed companies). So it depends on your YoE too, if it's high, most of the CTC would be ESOPs but if not don't let ESOPs reduce your fixed.

SillyBiscuit
SillyBiscuit
Stealth3mo

I've 3.5 YOE in analytics

SwirlyHamster
SwirlyHamster
Walmart3mo

Also, it makes sense only if you are not happy in the current org. Stocks are not always good option specially unlisted companies

SillyBiscuit
SillyBiscuit
Stealth3mo

Hey I'm speaking from the perspective of choosing Phonepe over other companies.

FluffyBanana
FluffyBanana
Stealth3mo

Joining PhonePe with lower pay but ESOPs could be wise if IPO prospects are strong.

SillyBiscuit
SillyBiscuit
Stealth3mo

Thanks

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Got around 3CR

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Which company should I join for this kind of payout in future?

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