From a salary point of view, which profession in India pays similar or more than software engineering at big tech?
To put numbers into perspective, with 7-8 years of experience, an SWE in India can potentially make 1cr - 1.5cr in yearly compensation (including stocks)
One must not view highest pay professionals thru benchmark of money alone. In finance we have a term called " quality of earnings" and "free cash flow"
Looking from that POV, SWE although are highly paid, but they very poor WLB and are covered under the worst taxation policies of the world. Only the lucky ones have decent WLB.
In india, its the medical doctors who win hands down as highest paid professionals. Many might say, they have even poor WLB, Its depends on the specialty that doctor works. but most doctors end working longer hours just for the money. This long work hours is done voluntarily. and they have full control of their time. A luxury that no SWE has. Even a poor doctor, with 10 years of exp will easily touch 50L with his practice alone. then comes commission from other sources.
The doctors also have advantage when it come to taxation. call it unfair, but it is the truth, they pay way less than than a SWE.
So, compared with quality of earnings, free cash flow and the luxury of time. medical doctors win hands down. SWE are no where in the picture.
Bruh. Doctors have a stressful, high stakes job. If I cause a defect, I'll be criticised. If they cause a defect, they'll be beaten. And coming from a family of doctors, WLB is non existent. It's not "voluntarily", their job depends on it. Only after like 15 years of experience they can set their own terms.
Also, getting into medical and getting started is grueling. You gotta clear a difficult examination with no other alternatives apart from donatio. For software engineering, you can be from the worst tier 3 college, join infosys or something and work your way up in a few years.
Software engineering is like cakewalk in comparison. Sit in front of a screen anywhere and get paid. Only after atleast a decade doctors can zoom ahead. That too after a lot of struggle.
What a wise answer here. Quality of earnings over simple earnings matters
Only 1% SWE makes that much in general with senior and above level and with 7-8 years experience it's even less probably 0.3%. Don't give random numbers.
lawyers and chefs are my top two professions. i recommend kids in my family to go for those. its high paying, fun, glamorous and is of some value. SDEs are delusional cunts who think they are changing the world by writing a habit tracking app.
Private Equity: 3-4 year experience folks making close to 80L, and at 7 YoE about 1.5Cr Top Tier VC: 3-4 YoE pays 60L, if you get into a track role, it's 1.5Cr and then carry on top of it Investment Banking: Not as much idea of progression
How does one get into Private Equity and top-tier VC ?
Grass is always greener on the other side. Mostly we look at the top performing guys and say that the other sector is good
Strictly speaking of professions (will exclude founders, buisness men, doctors turned owners of hospitals)
All top 1% in their fields
Gov. employee in good department > Investment Banking > VC > MBB Consulting > Tech > Salaried noble profession (doctor/lawyers)
Tech has low number of positions on top, and with increase in AI, the whole structure from bottom to top will get slimmer. While these other professionals enjoy cash and do aish
HR from TISS or xlri ..great pay with great WLB. 5 yr exp folks easily make 35+ LPA with 90% fixed component . Growth IAS also good
Fresher in big tech earns 35-40 in good companies. I won’t consider 35 great with 5yoe.
But wlb is undeniable
Who told you 7 to 8 years experienced will get 1 5cr
They don't? Means atleast in great companies like Google, Meta, Salesforce, etc?
Avg good Influencers make more.
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What is criteria of underpaid/ overpaid?
Don't say market standards 😒 I have known people who are skilled and not getting even standard money
