Finding ratio of salaries and experience
Let's find the ratio of salary packages, basically take your CTC divided by years of experience.
If you have a 40 LPA with 2yrs experience that's 20 then.
If you're a fresher divide by 1.
Now choose an option based on that number.
In Tier 1 companies around 20 is very common. Even at higher YOE.
So for 5 yoe they will pay you 1 Cr I think that's quite rare even in tier 1 and if you consider the stocks too
In Salesforce, at 5 years of experience, many of my colleagues are getting around 90L in SMTS position.
Just an FYI for the community.
Staff PM - 8.5 YOE - 50Lpa (48 fixed cash + retirals)
Why mention it seperately?
Just for the community to get some understanding of the market scenario. I myself have benifited alot by getting an understanding of market landscape.
What should be the multipier to quote package in any interview. As i know current multiplier is (2.5 -4) depending on your skills and tech.
So for ex a person with 10yoe has to be on 10×2.5 = 25LPA as far as i know. What are your views on this. Is it correct ?
I would say anything your multiplier is decent. 6 - 8 is good. Above that is excellant.
If you're current multiplier is 3, try to ask for 5 or more when you switch. Obviously you need to back that with experience and skill.
What is the outcome or conclusion of each result? Do we have a benchmark to compare with?
Well going off by current probabilities, the expected multiplier is around 10.75, that is skewed by the top 15% though.
If I leave out top 10% it comes out to around 10. Meaning on average a fresher gets 10LPA, someone with 3 yrs experience gets 30 LPA? Which is actually quite big, maybe because the poll is on Grapevine.
Outside Grapevine, the number would be lower I think.
I think the ratio becomes worser with more experiene.
Twitter ki engagement farming ab 🍇 par bhi
Yes because they are very useful lol Just wanted to know the distribution of industry that's all I thought the median would be higher
If I calculate considering true inflation these ratios will cut into a third I guess
