PhonePe Salary Evaluation
YOE : 5 Years Current Comp - 42.5 LPA ( 36.5 Fixed + 5.5 Variable) Current Org - Fintech(Bank)
PhonePe Offer :
Base: 44 LPA Joining Bonus: 4 LPA Retention Bonus: 2.5 LPA(On 1st Anniversary) ESOPs: 36 Lakhs worth(25% every year)
First year CTC- 57 Lakhs(44 + 4 + 2.5 +9)
Is jt worth joining?
Talking product sense with Ridhi
9 min AI interview5 questions
Won't recommend now as due to ipo, things can be unstable. Totally depends on team though. Would have made sense if you would have gotten more stocks.
Nope. I'd pass on it. PhonePe has a bad reputation from culture standpoint. Also, the not worth it to jump from 37 to 44 and lose the stability to join a tumultuous ship. Vested ESOP, you'll have to buy before selling anyway.
The only bet you are taking is they go public, make really great listing gains and then you sell your stake - many risk factors
If we put ESOP aside(since it is not rsu), pay difference is 8 lakhs. Post tax difference will be bit less, around 5-6 lakhs. Monthly take home difference of ~50k.
Consider relocation charges if any, promotion timelines, wlb( phonepe is not know for their wlb)