How much are people making in their first job straight after college?
Would love to understand at what age people are joining their first company/startup and how much are they making initially? What’s the average pay diff between people graduating from tier1 institutions and tier2/tier3+ institutes?
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2020 grad from tier 3 college. Started at 16 LPA. Negotiated hard each year for raises. Now at 30 LPA.
I was laid off from first role in mid 2023, took two months to find a new role. So one switch in total.
mba? how did you manage 16lpa while starting out? did you switch every year?
No, not an MBA. I have a tier 3 engineering degree. I found a role myself and didn't go with college placements.
I had been building for a while. So I found a product role at a small company and grew from there. I had a good relationship with the founder and solid results to I was able to negotiate good raises every year.
I've only made one switch so far. And it came with no salary hike. Tough market earlier this year, so had to settle for 30 LPA. Company and industry was perfect fit so it's okay.
Your college doesn't matter, only your skills do. I dropped out in 2017, started career with 5 LPA. Then quickly moved up to 7LPA, 9LPA, 12LPA and 18LPA in the same company (I moved from backend to Android to web to iOS and to Android again). Then took an offer with 24LPA and shopped at 3 other companies before making the switch to 36 LPA. Got laid off recently and now I'm aiming for 45-55LPA range.
cheers to you. great going. how did you manage to move up the ladder so quick? especially in a time when the market is down and saturated
Make sure to help your peers, and make even more sure that your manager notice that. What worked in my case is when a senior is leaving the company, I asked my manager if I can also listen to the KT. I started working on three different projects at the same time for a while, and within next 6 months I became code owner for one of those projects. I also started involving myself in interviewing new folks and giving KT to new joinees soon within an year from then.
I started with 16 LPA as a software engineer at 100 million funded startup from tier 3 college.
did you leverage your network or referral? how did you manage 16 while starting out?
Started with 12 LPA in 2022 from one of the new IIITs. Joined a seed stage startup with $800k funding.
started with 5, currently at 10. tier 2 insti 2022 grad
3LPA in my case
2023 batch MBA graduate - got placed with a 18 LPA but I feel I could do much better. I was below the avg number in my college. I'm from one of the old IIM's.