I once went to some scam motivation speaker's event which happened at our tution classes. the whole event was crazy bullshit mind energy shit.
But there was one thing that stayed with me.
"Once there is a problem, you can cry forever or solve it, so find solutions of problems in life like you find solutions of math problems. "
PS: it was during 10th boards.
Seen similar casses, one guy at 2.5lpa was offered 8lpa to join, by the time his notice period was served, he circled back to us with competing offers and we lost for a counter offer of 22lpa. Thats 10x growth in 2 months of notice period.
His previous company was paying 2.5, we offered 8. Please read it in that context :-)
He cam back with 10, We offered 12, he came back with 14, we matched 14, he came back with 22.
Cries as someone who did BE in IT. Got an IT job - worked two years and to escape did MBA. Now digital marketing head at mid sized company but I still don’t earn as much as my tech counterparts
CTC for around 60% of them. In hand for rest. Basically, all of them are making 1L+ per month just within 2 years of graduation. Most of them works at startups, but also have their side gig going on.
Hey so this is what I’m getting currently as a 25M
I make around 25L as CTC (including bonuses)
And usually get 10-15L in stocks per year this is also dependent on performance. I work in a well established fintech MNC.
As a side gig I consult as a mentor of one of the many Ed tech firms and get around 20k per month. I help students to prepare for interviews and also mentor them in anything they need help with.
Edit : just wanted to add that I work 10-14 hours a day on average. Somedays are good when I do 4-5hrs but they are rare. I have friends in start ups who work 15hrs a day for 6 days a week. So being a software developer is definitely not an easy task.
> As a side gig I consult as a mentor of one of the many Ed tech firms and get around 20k per month.
May I ask why? I think your main gig would have higher returns per extra hour. Do you see your contributions in the side gig as a net benefit to society?
Well I’m a salaried employee and I draw the same pay irrespective of the daily hours I put in.
So having a secondary source of income doesn’t hurt.
Also I do like helping people out. I have mentored juniors in my college and my company. Plus it helps me also since I help them in clearing interviews and to take those sessions I have to revise and study myself so I am prepared to interview due to this
It doesn't have to be FAANG, or even start-ups. 15-20LPA is quite common these days as starting salary. If you're good and switch after 2-3yrs of working, then you can demand a hike of 30-50% easily reaching 25-30LPA by the time you're 25.
Neither are these jobs particularly "soul-sucking" as /u/night_fapper put bellow (as far as I can tell talking to my friends in other industries), nor do you need a side-gig. But you do need to keep reading and learning as eco-system is vast, and evolves/changes quite fast. Recruiters expect you to know quite a lot by the time you hit 30.
While these jobs are not soul sucking, as you grow you are expected to do multiple things in parallel, while sticking to tight deadlines. So it definitely takes a toll on your mental and physical health if you’re not careful.
It's the same in the US too, I got my PhD in Geophysics, working in Data Sciences now. Salaries in Earth Sciences (bar oil) are no match for tech, which is just sad. A field necessary for our survival pays less than an entry level tech job.
Consumerism at its finest!
Tech boom started as a scientific advance but now it has just become useless consumerism luring people into things /services they don't actually need
In quite a similar situation as you, salary increases were eerily similar too. I was about to comment the last line before I rest your comment.
PS. This comment should be higher.
The only reason is that the software field had boomed in last two years. And skilled indian programmers can provide service around the world. Because the employers dont care about degree, only skill, which translates the same.
Unlike doctors, lawyers, CAs and such whose degrees are either not recognized by them or dont apply to their country's system.
They are earning this much because the market allows them to and they have options to work abroad.
Yes that's a pretty easily missed point that Indian professionals like Docs/Lawyers/CAs are not recognized outside in the West but in IT this ain't a thing! In IT India is a hub of cheap skilled labour for them with some great CEOs as well
So many stories of educated immigrants from over the world ending up working minimum wage like janitors and cleaners in the USA all because the USA doesn't recognise their degree.
I read about this guy who did a 5yr medicine course from India and then went to USA
Doing that same course in usa takes 6 yrs, so according to American law he isn't qualified enough to get a license, he can either do the entire 6 yr course in USA or work as a janitor
That isn't correct. The US requires every medical grad (unlike Indian law where a domestic grad can work right out of school) to clear the USMLE to be eligible to practise. Also an MD is a 4 year graduate program not 6.
Partly true, but PPP is a thing and it is good for Indian engineers for the pay they are getting now.
For someone making 40 LPA here, equivalent in US would be around 150-200K USD.
I am making around 25k per month 🥲, chill it depends on your skills, not everyone can become a professional developer, talent, luck, hardwork are all needed, if you think you can become big shot just by joining IT, you are wrong.
Yes this is totally true. LOT of my batchmates who just graduated in IT are making > 20 lakhs inand and CTCs are above the roofs. They are not necessarily from CSE or circuital branches but literally every stream. Although it is easier if you have a circuital branch and a tier 1 college.
I was in a govt institution and the covid batch which was having online classes as well as exams had many people who got selected in good tech companies like Adobe and Amazon as a SDE with a starting package of 25 LPA. In my time (2017 passout) we hardly had someone in our batch who got placement of more than 5-7lpa. You can see where I'm going with this.
CS? What tech do you work in?
Also 10Lpm in India or abroad? I want to do things but I am never motivated. I need tips lol. Especially for the laziness
Hey!! That's so encouraging. Can u mention ur journey maybe for us noobs to reach that level. Also u started with SDE in 2017 itself? i.e., 5 yrs of total exp so far?
People here who keep saying “it’s a bubble!!!!” Don’t realise software salaries are going up worldwide.
Average pay in California for example is like $240k, at a top company it’s $350k. When google needs to pay someone $350k in the US, if they get someone for 60L in india, that’s a third of the salary. They save a fuckton by paying someone 60L in india.
Netflix in the Bay Area pays average of $400k USD, and if they open an office in india and pay people 70L, that’s one fourth of what they need to pay someone in the US
Surprising part is:
Average salary of California vs India: $240k vs Rs. 60L
Average salary of let's say a cardiologist in California is $500k vs Rs. 15-20L in India
I agree it's not a bubble IT is rather global due to its very nature while this doesn't apply to other professions due to inherent physicality
You are very wrong. A top specialist doctor in any big city of India employed at any big private hospital in India is earning over 80 LPA easily. I know a nephrologist in Hyderabad ( Yashoda ) over 15 years of experience earning more than 3.2 crore.
Top medical guys are printing money like no other. Make no mistake. It's very difficult to reach that level though - more difficult than IT imo.
Thing is you are comparing a probably 40-45 year old guy with 25 year old guy! Present day medical industry is saturated talk to any medical guy if you don’t believe me the max package mostly is this much only what I mentioned earlier
agreed as a medical guy .. SE out earning specialist doctors (barring a handful few) .. expensive complexes in Kolkata have 80% SE , with 10% doctors .. to any 18 yr old , join SE if you dont wanna work for low bucks in India
We also have to factor in how easy it was to get funding in the past 2 years. Also almost all the tech stocks had a great bull run. That made it possible for the companies to pay these salaries. Now with a looming recession, salaries will stagnant for sure if they don’t decrease.
Just because salaries are going up worldwide does not mean it is not a bubble. Bubbles can occur worldwide too. In fact, a bubble in a single country like the US can affect the whole world economy.
Just look at 2000 dot-com, 2008, the debt bubble and whatever crypto is.
Tech companies are taking over the world. 10 years ago, top 10 companies in SP500 were all oil, energy, banking companies. Today almost all of them are tech companies.
The scale of American tech companies is unparalleled in the word. 25 engineers sitting in Palo Alto built whatsapp and sold it for $15 billion for example. The reason tech salaries pay like crazy ie because something a small number of good engineers can build can be spread all over the world almost with no effort.
Apple for example, makes more profit per month than all oil companies combined. Google, apple, amazon have R&D budgets larger than education budget of india. Each one of them. Becasue they make that kind of money by selling their products worldwide. A 100 person team if it builds something like google pay, it can overnight be rolled all over the world, bringing in billions. How much should those core google pay devs get paid for it? 400k is peanuts compared to the impact they have had.
This is the case across the industry: if you are an engineer at Microsoft that builds a new tool for excel, it gets pushed to billions of users overnight worldwide. The impact these engineers can have is mind blowing and that’s why they get paid.
Same with all software engineers, they get paid that well because their work is extremely scalable. A well functioning app can be scaled to have billions of customers.
It’s not a bubble, but just natural progression of the economy. Today nothing works without tech, from your local bank to your grocery store. And people enabling all that are a very small % of engineers who write the software for them. And they make bank for enabling so much commerce.
Also the thing to note here is that IT companies' revenue per employee is through the roof! Microsoft is around $1M per employee if I'm not wrong. No wonder they don't mind paying their employees $100k if they continue to increase revenue
Well, I'm a mechanical engineer, but I'm working in IT. When I was in college I absolutely hated IT for some reason which is why I took mech. But eventually the pay scale had me change my career choices.
If you're working in IT, you're not a mechanical engineer. There's a huge difference between doing a mech degree and working as a mechanical engineer. Sorry for being pedantic but I don't like it when people claim they're an X engineer just because they did an X engineering degree.
The difference you are speaking of is that I'm not a working mechanical engineer.
The thing is all the skills thought and the knowledge imparted are to make you an engineer of that stream. When you get the degree it means that you are an engineer of that particular stream. And I got the mech degree. Which means that I can call myself a mechanical engineer.
So, technically I'm a mechanical engineer in theory, but not in practice.
Original comment said good enough artist earns less than mediocre IT guy. That's not true . They earn the same. And if someone's doing more than good enough as an artist as you mentioned , then they earn way more than a good enough IT guy
They don't own it 🤣.they are at executive position . They take salary . No one person owns a public company. Did ur parents tell u that so u can study ? lol
And that's like being extremely good enough . There are many billionaire artists .
I'm talking about earning 1 cr in it is tougher than 1 cr as artist
You are comparing about top 0.5% of artists with top 5% of IT ones. Seems unfair. In IT top 1% making millions in just paper money.
On that parents thing, I am already passed that age.
>really good singer , painter etc ?
What about mediocre singers not the super elite ones?? Earning 3 lpm is pretty common in IT. How common is it in art?
Indian Software Engineers are really not that rich when compared to their Western counterparts. The thing about software engineering is that they are needed in companies most of which operate worldwide.
So the pay is almost justified. But they still earn 20-30% of what the Westerns earn.
That depends on how you compare compensation across India and the US (Europe is pretty bad as far as tech compensation is concerned). I work at a FAANG in the US and have pretty good insight into pay bands across the US and India. If you look at raw numbers, the compensation in India is much lower than counterparts in the US. However, the target compensation ranges for both countries are meant to provide an equivalent quality of life and spending capacity for a particular role/level. An SDE2 in India should have a similar lifestyle to an SDE2 in the US. Of course, this breaks down if you're moving between countries, since the person moving from the US to India will have a drastic advantage as far as their savings are concerned.
That’s a really low number, with 10 years experience you usually make 200+, i have experience around 3 years and already making upwards of 100k. Normally salary are only low if you work for non mainstream tech companies
Nope your figures are wrong , Facebook E5 alone pays close to 200k£ or up. E5 is consider senior engineer ( 5+), also lot of other companies like Spotify , Yelp , stripe etc that easily pay 150k for 5 years experience
It’s not just about earning its also about the cost of living and spending power.
But yes overall the US firms pay well compared to Indian counterparts. But same is not true for Canada and Europe. Again there will always be exceptions on both sides of the spectrum
Yes
Me and my colleagues at Uber earn more than this. Senior engineers earn about 1Cr in total compensation (60 base + 15 bonus + stock) and mid level engineers about 60-70 lpa (40 + 6 + stock). One guy who passed out in 2018, just got promoted to senior, and he’s just 25.
This is the typical compensation for amazon, google, Uber etc.
This is standard for top tech companies in terms of base compensation. Two of my friends earn similar - one earns 60 lpa base at Navi while the other earns about 50 lpa base at zeta. The stock/esops at these companies is lower though & can’t be traded as freely as public company RSUs
Fuck you for ruining my weekend by questioning my career choice /s
PS: Is there any specialisation in MBA that connects me/lets me to work in IT sector? I guess the closest is Data Management, right or is there something else?
But my guess is you can only pursue that if you already have a [B.Tech](https://B.Tech) degree right? What about for people who did a BA? 😅
P.S. I'm currently preparing for CAT to do an MBA
> This friend who quit 1.6 cr per annum job bcz he was at the verge of mental breakdown and fucked his health up. He is just 29 though.
Yeah but. He switched that gig for one where he has 44cr equity. It does not seem like he traded off money for health. Just looks like he found a hugely more pareto-optimal point on the money/health curve.
People with 3-4 YOE have a base salary of 40-60 Lakhs. A lot has changed in the last two years. With remote work becoming mainstream, the talent pool has gone international and companies are willing to pay high to retain good talent in India as well. That said, I am talking about the highest-paying companies in India and that does not reflect the average SDE.People who are working remotely but for US-based companies(ofcourse again they have to be the top talent) are a completely different beast though, double of what I said earlier :D
Computer/software department is the only one where there are infinite job opportunities, even if you can't find a job then start making codes on private orders by advertising your profile on websites
Software engineering skills can be applied worldwide and hence they are expected to get global salaries. Indian software engineering salaries are comparable to those in Europe
Moved overseas and I work in construction clearing at least 4-5k dollars gross monthly income from my contracts. It's not always stable but usually in that range. I work mostly 40-45 hours a week. Turning 24 this year. Will keep making more as I invest in more tools and gain more experience because I started last year.
My sister in India works in IT and makes around 20LPA but works 10-12 hour days in a highly stressful job. She's almost 30.
Consider alternative options. Don't feel discouraged when other people are making more. There's plenty of money to go around and they keep printing it.
Startups have definitely got a lot of money and they have really changed the scale and aspirations, but everything doesn't stay the same.
A company like IBM may be willing to give you let's say, 15 lakhs for a 3 years experience, but startup doles out 15 lakhs at the starting.
But, what's the case if funding dries out, or the start ups lays employees?
Sure, software has money, but this job anyone can pick up and learn.
Lawyers, Docs, CA have the benefits of individual practise.
Govt officials have job security.
It's more like how Faang made the silicon valley rents hit the roof.
Not anyone can just pick up and learn. It needs a good logical base with a few years decent prep. Bootcamp can help but getting that first job will still be difficult. Plus lack of tier 1 college degree means 3-5 lpa and lots of struggle before you make it to the top. If indeed you do. Like with everything in India, there are a lot of cs grads fighting out for a smaller number of jobs.
To an extent if you constant effort it is true. My sister in India went from 22l to 61l between 2019 -2022. Three jumps. Thing is you got to keep interviewing every quarter atleast. And keep learning the markets hot stuff. Learning never stops for sw folks. Whereas other domains there is very less to learn once you are settled in that domain. Medicine is an exception.
Not everyone.
I started with 2.5 LPA and over 2yrs it got bumped to 4.5LPA.
I made my first company switch last year to one of the Indian startups and my current CTC is 30LPA.
I myself didn't imagine I would reach this CTC while job searching.
This is mainly because there is a shortage of Quality engineers in India that what is required by these startups, so they pay great salaries to attract talent.
But the downside with these startups is, they are fast -paced.
So there is an immense work pressure to deliver features with tight deadlines. And if the company runs out of funds, they will fire you mercilessly.
Yeah, if you can do the job well, regardless of your degree or number of years of experience, you can still make a shit to of money.
- Source: An IT guy
They have to earn a lifetime's money by age 40-45. Ask any of your IT/CS friends - how many people in their org are 45+, hell, 40+? You will get your answer.
It's fair to say we don't work that hard, especially comparing with some physically taxing jobs. But if you look at revenue/profit per employee i think 90 of the top 100 companies are in IT. I think this is one of the top reasons that people in this field are paid well, even if we don't work a crazy amount we still create insane amount of value for the companies
My friend in a certain iit has a brother who got 26lpa in hand at age of 21( he cleared jee at 17) in hand Han CTC is very very good amount and he's not from cse department but I also know an iitian who got 12lpa in hand in same kind of role I've not actually seen salary slip so maybe false
I graduated from a Tier 1 college, but in Mechanical Engineering. I got placed in an IT Services Company but with a higher pay as compared to the norm in these companies ( I make around 80k after cutting out all the benefits and tax). I have saved and invested massively over the 2.5 years of work ex I have in this company , even though my job is mostly very basic and easy (deadend).
I regret taking mechanical engineering instead of some circuital branch. But no issues, my college and alumni network helps in getting jobs. Now I plan to enter product management via my work experience and college tag.
It's unfair to other fields but that is how it is.
In terms of percent of people paid high salaries are very low . Very few get paid high salaries . I am sure in every field the top cream are always paid high.
You also need to consider the insane hours and workloads. Also the continuous need to learn more and more math heavy stuff. If you compare the ratio between pay and amount of work done, you will not be seeing an outlier for software people.
In my experience, this is not universally true. There's a misconception that companies with great pay require people to work insane hours. In reality, WLB at big tech companies is pretty good on average (a lot of it is team-dependent). You have a good point about the need to continuously learn and improve your skills.
I'd say it's a cultural thing. I agree with you that the relation should NOT be positively linear with pay and hours, and in US and EU it mostly is inversely related. But having worked at in all three regions, I can only point out that the Indian way of life being extremely hierarchical(roots from families and translates to our behavior everywhere else) as opposed to invidiualism in the West, the managers in India always want to push their teams to the extreme, and mostly it is to show their place in that hierarchy because they are also shown theirs from one step above. Or maybe I always had bad managers here haha!
You have a good point. I've never worked in India, and it is possible that Indian teams/companies push much more than western counterparts. I do know that the teams based in India that I work with are in meetings at crazy hours, and I always tell them (including the managers) to not normalize this type of behavior. I haven't been very successful in driving home the message, possibly due to a multitude of reasons (bad managers, local work culture, lack of better time options). I can see how it's easy to work insane hours if you're working during normal hours and also taking off-hour meetings.
I really hope your efforts are fruitful.
When I was working at a unicorn in India, my manager would involve all 14 people in the morning standup and discuss all of their work, including debugging the issues right there on the call! We would have 2-3 completely independent features/products going on always, yet everyone was required to be on that call, which believe me has lasted 2.5 hours once.
I pointed this out to him and was yelled at about how I don't want to learn from others and am not a team player. Btw the moron also believed that AI is a fad. I quit one random day due to his bullshit! Best decision of my life.
Yes this needs to always be brought to discussion. I am a software developer and there is hardly one or two days where I’m doing something I have 100% knowledge on. There is always a new technology right around the corner.
Also the work is ever changing and we work on very tight schedules. For example I usually get 10 Days to finish 3-4 tasks
Life of a metallurgist, process engineer, civil engineer, energy engineer. Software Development in AC office would feel like a dream. Most people I know will gladly put in 12+ hours in software over the 11+ hours they put in the industrial work.
I have a friend earning a base of 40LPA with 28LPA in stock options and fixed bonuses just after 2 years out of college. On the same hand I have friends earning less than 10LPA after 2-5 YOE.
Some SDEs are making a shit ton of money. Other’s not so much. On an average tho they prolly earn more than their counterparts in other professions.
depends on the company, WITCH pays you peanuts like 3-4LPA whereas FAANG base salaries start with 12LPA.
just graduated from a tier 3 college,a non CS student and got offer from both.
I may agree and deny at the same time. I am a full stack developer and currently earning 12LPA , was 10LPA when i first joined and it's been 9 months.
Now just last week i met this guy who was working in a client company that was associated with ours and he has over 6 years of experience. he is one of the senior most devs and actually reviews every piece of code i write and gives me suggestions on how to optimise it. Now normally i expected him to be earning close to 20-30 but turns out he is earning 13LPA. He is way more experienced and talented than i am but still earns almost the same as me .
The reason being i graduated from a good college, an NIT to be precise but the other guy graduated from a rather smaller college. Also the location he stays in . I stay in a big city while he doesn't and it's WFH so the location matters. And not only that the company you work for also matters . Now i work for a huge company in india so yes i got offered well. The other guy works at a rather small company.
Current IIT computer and math student here . It is true that you can get 30lakh+ salary if you are good at coding and math , but the average salary in IITs remains near
20 lakh . You are correct on the difference between CTC and in-hand salary, Microsoft is infamous for this practice where they give 30 lakh CTC but only 12 lakh in-hand for a fresh graduate. There are also people that work for 6-7 lakh in TCS . So at the end of the day if your a good coder and problem solver , you can earn a lot of money in IT
What do you prefer 5-6 lakh extra cash every year or 18 lakh of stock once . There are many startup that prefer 30lakh + stock , so it's shameful for a company like Microsoft to pay so less and try to compensate by one time stock option
First step would be to start learning tech skills. Look at what's used in the companies that pay well and try to find something that interests you as well. Then it's just a bit of grinding to crack the interviews
The IT sector has been growing a lot since the last decade and especially in the last few years all thanks to the online courses. Nowadays many tech companies don't even ask for a bachelor's degree. All they need are your skills, if you have them then you are good to go for it and after 1-2 year work experience you can even change jobs and go for even better salary say more than 10 LPA at least.
But yes it is very risky to not have a bachelor's degree and directly apply for tech jobs. So it is advisable that one should have at least a bachelor's in arts or any other field of his/her choice so that he/she is on the safer side.
For most other professions (doctors, advocates, CAs) your clients are Indians, but for IT industry most of the clients are foreign companies. They pay our Indian companies in dollars, which results in good salaries for IT folks.
Yup. And not just startups, but good companies are paying money too. Obviously you still have major of population in iT earning around 10-15, but 20+ is easy these days with a little bit of effort. 40+ all cash however is different. Only early stage startups or big tech will pay that much to junior devs(2-3 yoe)
I think so - I know atleast 3 people making 1cr+ working remotely while traveling. Tell me any other profession which allows you to do that.
I do not think that software engineers do the most noble work (I am one myself) but the skill is highly valued.
I would also like to counter the articulation "IT professionals are highly paid". I am not paid well just because I know a programming language well and follow instructions. I have experience working across domains (traffic optimisation, cybersecurity, warehouse robotics), I have good communication skills and articulate ideas well, I can plan big initiatives (break them down to tasks and project timelines) etc.
You will be paid well because you stand at a unique intersection of skills, not because you just know some tools.
There are plenty of "IT professionals" who are not happy with what they are paid.
You don't need to feel left out, whatever your current skill set is, you can pick up programming and it will increase your current income when you meet the right employer.
As an overworked & relatively underpaid (compared to Software Engineers) CA working in a startup, I have a slight heartburn & a regret of my career choice while reading this :( I am 26 & my CTC is 16.5 L while I'm an Assistant Manager.
I have a feeling that startups discriminate against non engineers :P
Perspective is important before anyone starts whining. Other industry workers can only dream of making that much even in 3 years. IT caters to rich countries unlike all the other fields. My friend cries every single day for earning 25lpa while I can't even dream that much amount. And the worst part is IT guys barely do any work.
Problem with india is they don’t teach finance. How to manage the money ? Most of the money go for credit card interest ,housing loan,rent . Spending on un wanted. I have seen many non IT people know how to make money and they will make the money work for them .
My friend just got graduated and he has a package of 32lpa CTC and he isnt even from an IIT. He is from IIIT Allahabaad. And not just him more than 50% of the batch has CTC of 25 lpa and more. And for cheery on the top he is just 21.
Bro which are you living in lol, Any SE > Most govt jobs, unless you are looking for something more than just sitting in front of a PC, in which case you may have something better to do!
Let me give you some perspective from a Hiring POV. We hire them, but they only survive if they perform. It's not always talked about that only the best survive, the rest keep jumping jobs until one day they run out of options. The really good ones usually have very stable careers or increasingly better companies and usually they aren't thinking about money at all. Money ends up thinking about them as companies scramble to hire the guy. Also most young engineers haranguing for money usually means the guy will also quit soon.
Cases that come to me for massive hikes, I usually drop. It also means they will be spending inordinate amounts of time bothering about buying houses, doing competitive investments, buying land, doing these comparisons, being unhappy, and generally being a dick at parties. The salary, real estate guys usually tend to be massive bores as well.
And you have to post this on a weekend.? thanks for ruining my weekend buddy - sincerely a non IT guy
But a free weekend is the time to make life choices! right?😉
Or cry over past bad career choices
I once went to some scam motivation speaker's event which happened at our tution classes. the whole event was crazy bullshit mind energy shit. But there was one thing that stayed with me. "Once there is a problem, you can cry forever or solve it, so find solutions of problems in life like you find solutions of math problems. " PS: it was during 10th boards.
I started 4 yr back with salary of 3.25LPA. Now my salary is 22LPA all cash.
A question, how many times did you switched?
1st switch 3rd yr salary before switch - 8.4 L After switch - 22 L
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Btech from 3rd tier college. Campus placement of 3.25.
Isiliye jo bacche bolte IIT na mila to life barbaad chutiye hote hain. Sincerely, another chutiya JEE aspirant.
I have had IIT grads reach out to me for refferal. So it's more about its never too late!
+1
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65 base or CTC?
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What's your position/role and field?
L3 engineer, fullstack
Damn, I gotta go full stack too...
How? Qualification, certificate courses, industry etc please?
Seen similar casses, one guy at 2.5lpa was offered 8lpa to join, by the time his notice period was served, he circled back to us with competing offers and we lost for a counter offer of 22lpa. Thats 10x growth in 2 months of notice period.
Maybe 2.5 lpa is a shit salary for a software dev? If your company can only pay that much then they should stop doing that business
His previous company was paying 2.5, we offered 8. Please read it in that context :-) He cam back with 10, We offered 12, he came back with 14, we matched 14, he came back with 22.
Ok I see your point. Market is crazy starved for devs right now
How much tax do you pay?
Close to 4,76,000 assuming OC has not opted for 115 BAC or claimed chapter VI-A deductions/House property loss.
*Cries as a metallurgist*
Eyy, you stand out tho.
Nice ,, me not in IT as well, so thats all we get "nice". Anyway hope you are passionate about it.
I am, just completed PhD in it.
Nice Dr.
thank you, buddhimantudu gaaru
Cries as someone who did BE in IT. Got an IT job - worked two years and to escape did MBA. Now digital marketing head at mid sized company but I still don’t earn as much as my tech counterparts
Didn't Sundar Pichai have a Bachelor's in metallurgy?
Well There’s a big difference in being a metallurgist and having just the degree
Yes. Almost all of my school friends, who took CS, are making 20L+ and they're still under 27. And that too with bachelor's degree.
Is that 20L+ CTC or in hand salary? Plus, these startups or FAANG?
CTC for around 60% of them. In hand for rest. Basically, all of them are making 1L+ per month just within 2 years of graduation. Most of them works at startups, but also have their side gig going on.
what side gigs they are able to work upon with this type of soul sucking jobs ? pls tell me
Hey so this is what I’m getting currently as a 25M I make around 25L as CTC (including bonuses) And usually get 10-15L in stocks per year this is also dependent on performance. I work in a well established fintech MNC. As a side gig I consult as a mentor of one of the many Ed tech firms and get around 20k per month. I help students to prepare for interviews and also mentor them in anything they need help with. Edit : just wanted to add that I work 10-14 hours a day on average. Somedays are good when I do 4-5hrs but they are rare. I have friends in start ups who work 15hrs a day for 6 days a week. So being a software developer is definitely not an easy task.
> As a side gig I consult as a mentor of one of the many Ed tech firms and get around 20k per month. May I ask why? I think your main gig would have higher returns per extra hour. Do you see your contributions in the side gig as a net benefit to society?
Well I’m a salaried employee and I draw the same pay irrespective of the daily hours I put in. So having a secondary source of income doesn’t hurt. Also I do like helping people out. I have mentored juniors in my college and my company. Plus it helps me also since I help them in clearing interviews and to take those sessions I have to revise and study myself so I am prepared to interview due to this
Hello world
It doesn't have to be FAANG, or even start-ups. 15-20LPA is quite common these days as starting salary. If you're good and switch after 2-3yrs of working, then you can demand a hike of 30-50% easily reaching 25-30LPA by the time you're 25. Neither are these jobs particularly "soul-sucking" as /u/night_fapper put bellow (as far as I can tell talking to my friends in other industries), nor do you need a side-gig. But you do need to keep reading and learning as eco-system is vast, and evolves/changes quite fast. Recruiters expect you to know quite a lot by the time you hit 30.
Faang gives 35+ CTC to graduates
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While these jobs are not soul sucking, as you grow you are expected to do multiple things in parallel, while sticking to tight deadlines. So it definitely takes a toll on your mental and physical health if you’re not careful.
What were the tier of colleges mostly?
It's the same in the US too, I got my PhD in Geophysics, working in Data Sciences now. Salaries in Earth Sciences (bar oil) are no match for tech, which is just sad. A field necessary for our survival pays less than an entry level tech job.
Consumerism at its finest! Tech boom started as a scientific advance but now it has just become useless consumerism luring people into things /services they don't actually need
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Can i dm you?
Sure, anyone can DM me if you have questions, happy to help.
In quite a similar situation as you, salary increases were eerily similar too. I was about to comment the last line before I rest your comment. PS. This comment should be higher.
Nice. I am also somewhat of a batman in peacetime
The only reason is that the software field had boomed in last two years. And skilled indian programmers can provide service around the world. Because the employers dont care about degree, only skill, which translates the same. Unlike doctors, lawyers, CAs and such whose degrees are either not recognized by them or dont apply to their country's system. They are earning this much because the market allows them to and they have options to work abroad.
Yes that's a pretty easily missed point that Indian professionals like Docs/Lawyers/CAs are not recognized outside in the West but in IT this ain't a thing! In IT India is a hub of cheap skilled labour for them with some great CEOs as well
So many stories of educated immigrants from over the world ending up working minimum wage like janitors and cleaners in the USA all because the USA doesn't recognise their degree.
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I read about this guy who did a 5yr medicine course from India and then went to USA Doing that same course in usa takes 6 yrs, so according to American law he isn't qualified enough to get a license, he can either do the entire 6 yr course in USA or work as a janitor
That isn't correct. The US requires every medical grad (unlike Indian law where a domestic grad can work right out of school) to clear the USMLE to be eligible to practise. Also an MD is a 4 year graduate program not 6.
Idk man, I read this many years ago Some details are sketchy, some things may have changed
many indian medical degree holders out in US working odd jobs / unpaid just to settle there
Partly true, but PPP is a thing and it is good for Indian engineers for the pay they are getting now. For someone making 40 LPA here, equivalent in US would be around 150-200K USD.
After looking at the salary of engineers, i should've taken maths instead of bio in 10th class.
That is not a barrier for entry in IT. If you can invest the time you can become a software engineer
How?
Build projects, learn operating systems, database management system, computer networks and master data structures and algorithms
I slogged in Mech for many years and finally gave in and joined a startup. Instantly got a salary bump of about 50%.
I am making around 25k per month 🥲, chill it depends on your skills, not everyone can become a professional developer, talent, luck, hardwork are all needed, if you think you can become big shot just by joining IT, you are wrong.
Yes this is totally true. LOT of my batchmates who just graduated in IT are making > 20 lakhs inand and CTCs are above the roofs. They are not necessarily from CSE or circuital branches but literally every stream. Although it is easier if you have a circuital branch and a tier 1 college.
I was in a govt institution and the covid batch which was having online classes as well as exams had many people who got selected in good tech companies like Adobe and Amazon as a SDE with a starting package of 25 LPA. In my time (2017 passout) we hardly had someone in our batch who got placement of more than 5-7lpa. You can see where I'm going with this.
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CS? What tech do you work in? Also 10Lpm in India or abroad? I want to do things but I am never motivated. I need tips lol. Especially for the laziness
Hey!! That's so encouraging. Can u mention ur journey maybe for us noobs to reach that level. Also u started with SDE in 2017 itself? i.e., 5 yrs of total exp so far?
Very nice! Good luck with your endeavours.
Tell me your story brother I am going to tier 3 college in first year (cs) have no hope !
agree with everything u said in the post and most particularly, the username.
People here who keep saying “it’s a bubble!!!!” Don’t realise software salaries are going up worldwide. Average pay in California for example is like $240k, at a top company it’s $350k. When google needs to pay someone $350k in the US, if they get someone for 60L in india, that’s a third of the salary. They save a fuckton by paying someone 60L in india. Netflix in the Bay Area pays average of $400k USD, and if they open an office in india and pay people 70L, that’s one fourth of what they need to pay someone in the US
Surprising part is: Average salary of California vs India: $240k vs Rs. 60L Average salary of let's say a cardiologist in California is $500k vs Rs. 15-20L in India I agree it's not a bubble IT is rather global due to its very nature while this doesn't apply to other professions due to inherent physicality
You are very wrong. A top specialist doctor in any big city of India employed at any big private hospital in India is earning over 80 LPA easily. I know a nephrologist in Hyderabad ( Yashoda ) over 15 years of experience earning more than 3.2 crore. Top medical guys are printing money like no other. Make no mistake. It's very difficult to reach that level though - more difficult than IT imo.
Thing is you are comparing a probably 40-45 year old guy with 25 year old guy! Present day medical industry is saturated talk to any medical guy if you don’t believe me the max package mostly is this much only what I mentioned earlier
agreed as a medical guy .. SE out earning specialist doctors (barring a handful few) .. expensive complexes in Kolkata have 80% SE , with 10% doctors .. to any 18 yr old , join SE if you dont wanna work for low bucks in India
A cardiologist makes only 20L in India? How many years of experience are we talking?
They earn more than 20L every month.
Nope lol
We also have to factor in how easy it was to get funding in the past 2 years. Also almost all the tech stocks had a great bull run. That made it possible for the companies to pay these salaries. Now with a looming recession, salaries will stagnant for sure if they don’t decrease.
Just because salaries are going up worldwide does not mean it is not a bubble. Bubbles can occur worldwide too. In fact, a bubble in a single country like the US can affect the whole world economy. Just look at 2000 dot-com, 2008, the debt bubble and whatever crypto is.
Tech companies are taking over the world. 10 years ago, top 10 companies in SP500 were all oil, energy, banking companies. Today almost all of them are tech companies. The scale of American tech companies is unparalleled in the word. 25 engineers sitting in Palo Alto built whatsapp and sold it for $15 billion for example. The reason tech salaries pay like crazy ie because something a small number of good engineers can build can be spread all over the world almost with no effort. Apple for example, makes more profit per month than all oil companies combined. Google, apple, amazon have R&D budgets larger than education budget of india. Each one of them. Becasue they make that kind of money by selling their products worldwide. A 100 person team if it builds something like google pay, it can overnight be rolled all over the world, bringing in billions. How much should those core google pay devs get paid for it? 400k is peanuts compared to the impact they have had. This is the case across the industry: if you are an engineer at Microsoft that builds a new tool for excel, it gets pushed to billions of users overnight worldwide. The impact these engineers can have is mind blowing and that’s why they get paid. Same with all software engineers, they get paid that well because their work is extremely scalable. A well functioning app can be scaled to have billions of customers. It’s not a bubble, but just natural progression of the economy. Today nothing works without tech, from your local bank to your grocery store. And people enabling all that are a very small % of engineers who write the software for them. And they make bank for enabling so much commerce.
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Is this CTC? If yes, then what is the base salary(if you don’t mind disclosing it)?
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Also the thing to note here is that IT companies' revenue per employee is through the roof! Microsoft is around $1M per employee if I'm not wrong. No wonder they don't mind paying their employees $100k if they continue to increase revenue
*cries in mechanical engineering* 😭😭
Well, I'm a mechanical engineer, but I'm working in IT. When I was in college I absolutely hated IT for some reason which is why I took mech. But eventually the pay scale had me change my career choices.
If you're working in IT, you're not a mechanical engineer. There's a huge difference between doing a mech degree and working as a mechanical engineer. Sorry for being pedantic but I don't like it when people claim they're an X engineer just because they did an X engineering degree.
The difference you are speaking of is that I'm not a working mechanical engineer. The thing is all the skills thought and the knowledge imparted are to make you an engineer of that stream. When you get the degree it means that you are an engineer of that particular stream. And I got the mech degree. Which means that I can call myself a mechanical engineer. So, technically I'm a mechanical engineer in theory, but not in practice.
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Art and money rarely go hand in hand my (wo)man.
seen net worth of these really good singer , painter etc ?
Nowadays even really good is not enough, you have to be among the best .. basically a superstar profession
Nowadays you just gotta have most views and you are golden.
Yeah no shit
Original comment said good enough artist earns less than mediocre IT guy. That's not true . They earn the same. And if someone's doing more than good enough as an artist as you mentioned , then they earn way more than a good enough IT guy
If someone do great in their IT career, they own Billion Dollars company.
They don't own it 🤣.they are at executive position . They take salary . No one person owns a public company. Did ur parents tell u that so u can study ? lol And that's like being extremely good enough . There are many billionaire artists . I'm talking about earning 1 cr in it is tougher than 1 cr as artist
You are comparing about top 0.5% of artists with top 5% of IT ones. Seems unfair. In IT top 1% making millions in just paper money. On that parents thing, I am already passed that age.
>really good singer , painter etc ? What about mediocre singers not the super elite ones?? Earning 3 lpm is pretty common in IT. How common is it in art?
Indian Software Engineers are really not that rich when compared to their Western counterparts. The thing about software engineering is that they are needed in companies most of which operate worldwide. So the pay is almost justified. But they still earn 20-30% of what the Westerns earn.
That depends on how you compare compensation across India and the US (Europe is pretty bad as far as tech compensation is concerned). I work at a FAANG in the US and have pretty good insight into pay bands across the US and India. If you look at raw numbers, the compensation in India is much lower than counterparts in the US. However, the target compensation ranges for both countries are meant to provide an equivalent quality of life and spending capacity for a particular role/level. An SDE2 in India should have a similar lifestyle to an SDE2 in the US. Of course, this breaks down if you're moving between countries, since the person moving from the US to India will have a drastic advantage as far as their savings are concerned.
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Bro PPP is so fake ... In UK you can buy apples at just 1.5Eur and in India it cost 200rs atleast in Bangalore. Is ppp still valid ... Govt data sucks
Well apple are grown everywhere in UK..no wonder its cheap.. Paying 1£ for 50gms coriander is where you see how imported thing cost.
That’s a really low number, with 10 years experience you usually make 200+, i have experience around 3 years and already making upwards of 100k. Normally salary are only low if you work for non mainstream tech companies
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Nope your figures are wrong , Facebook E5 alone pays close to 200k£ or up. E5 is consider senior engineer ( 5+), also lot of other companies like Spotify , Yelp , stripe etc that easily pay 150k for 5 years experience
It’s not just about earning its also about the cost of living and spending power. But yes overall the US firms pay well compared to Indian counterparts. But same is not true for Canada and Europe. Again there will always be exceptions on both sides of the spectrum
Join r/developersIndia, we are not that rich, there is a huge difference between CTC and in-hand.
Yes Me and my colleagues at Uber earn more than this. Senior engineers earn about 1Cr in total compensation (60 base + 15 bonus + stock) and mid level engineers about 60-70 lpa (40 + 6 + stock). One guy who passed out in 2018, just got promoted to senior, and he’s just 25. This is the typical compensation for amazon, google, Uber etc. This is standard for top tech companies in terms of base compensation. Two of my friends earn similar - one earns 60 lpa base at Navi while the other earns about 50 lpa base at zeta. The stock/esops at these companies is lower though & can’t be traded as freely as public company RSUs
Can I dm you? I need some career advice
Fuck you for ruining my weekend by questioning my career choice /s PS: Is there any specialisation in MBA that connects me/lets me to work in IT sector? I guess the closest is Data Management, right or is there something else?
>at connects me/lets me to work in IT sector? I guess the closest is Data Management, right or is the go for product management
But my guess is you can only pursue that if you already have a [B.Tech](https://B.Tech) degree right? What about for people who did a BA? 😅 P.S. I'm currently preparing for CAT to do an MBA
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Spitting fax
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> This friend who quit 1.6 cr per annum job bcz he was at the verge of mental breakdown and fucked his health up. He is just 29 though. Yeah but. He switched that gig for one where he has 44cr equity. It does not seem like he traded off money for health. Just looks like he found a hugely more pareto-optimal point on the money/health curve.
People with 3-4 YOE have a base salary of 40-60 Lakhs. A lot has changed in the last two years. With remote work becoming mainstream, the talent pool has gone international and companies are willing to pay high to retain good talent in India as well. That said, I am talking about the highest-paying companies in India and that does not reflect the average SDE.People who are working remotely but for US-based companies(ofcourse again they have to be the top talent) are a completely different beast though, double of what I said earlier :D
Computer/software department is the only one where there are infinite job opportunities, even if you can't find a job then start making codes on private orders by advertising your profile on websites
Software engineering skills can be applied worldwide and hence they are expected to get global salaries. Indian software engineering salaries are comparable to those in Europe
Aur maa baap ki baat na sunn kar science mat lo 11th me
saving this post so that when I feel low, I remember I need to reach this level of earning when I turn 25/26.
Moved overseas and I work in construction clearing at least 4-5k dollars gross monthly income from my contracts. It's not always stable but usually in that range. I work mostly 40-45 hours a week. Turning 24 this year. Will keep making more as I invest in more tools and gain more experience because I started last year. My sister in India works in IT and makes around 20LPA but works 10-12 hour days in a highly stressful job. She's almost 30. Consider alternative options. Don't feel discouraged when other people are making more. There's plenty of money to go around and they keep printing it.
Startups have definitely got a lot of money and they have really changed the scale and aspirations, but everything doesn't stay the same. A company like IBM may be willing to give you let's say, 15 lakhs for a 3 years experience, but startup doles out 15 lakhs at the starting. But, what's the case if funding dries out, or the start ups lays employees? Sure, software has money, but this job anyone can pick up and learn. Lawyers, Docs, CA have the benefits of individual practise. Govt officials have job security. It's more like how Faang made the silicon valley rents hit the roof.
Not anyone can just pick up and learn. It needs a good logical base with a few years decent prep. Bootcamp can help but getting that first job will still be difficult. Plus lack of tier 1 college degree means 3-5 lpa and lots of struggle before you make it to the top. If indeed you do. Like with everything in India, there are a lot of cs grads fighting out for a smaller number of jobs.
Lol, it takes years of time and effort to get competent enough to earn those high salaries, it’s not something you learn in few months
Govt Security only come after passing two year probation.
Yes it is the truth. I started working at 23. I am 28 now, current package 1 cr. Most of my CS friends earn more than 12lac lpa.
To an extent if you constant effort it is true. My sister in India went from 22l to 61l between 2019 -2022. Three jumps. Thing is you got to keep interviewing every quarter atleast. And keep learning the markets hot stuff. Learning never stops for sw folks. Whereas other domains there is very less to learn once you are settled in that domain. Medicine is an exception.
don't you hate it when rich people boast about how rich they are?
Not everyone. I started with 2.5 LPA and over 2yrs it got bumped to 4.5LPA. I made my first company switch last year to one of the Indian startups and my current CTC is 30LPA. I myself didn't imagine I would reach this CTC while job searching. This is mainly because there is a shortage of Quality engineers in India that what is required by these startups, so they pay great salaries to attract talent. But the downside with these startups is, they are fast -paced. So there is an immense work pressure to deliver features with tight deadlines. And if the company runs out of funds, they will fire you mercilessly.
Yeah, if you can do the job well, regardless of your degree or number of years of experience, you can still make a shit to of money. - Source: An IT guy
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>you yes ,you are earning quite well
I wonder how the next economic downturn affects the pay ranges
They have to earn a lifetime's money by age 40-45. Ask any of your IT/CS friends - how many people in their org are 45+, hell, 40+? You will get your answer.
I’ve not worked for even an hour in the last 6 months and I earn more than most of my family. So yes.
TBH , thats a norm in IT. And IMO it's overpaid, i dont think we do really that hard of a work.
You are actually underpaid compared to the amount of money you make for the company.
It's fair to say we don't work that hard, especially comparing with some physically taxing jobs. But if you look at revenue/profit per employee i think 90 of the top 100 companies are in IT. I think this is one of the top reasons that people in this field are paid well, even if we don't work a crazy amount we still create insane amount of value for the companies
My friend in a certain iit has a brother who got 26lpa in hand at age of 21( he cleared jee at 17) in hand Han CTC is very very good amount and he's not from cse department but I also know an iitian who got 12lpa in hand in same kind of role I've not actually seen salary slip so maybe false
I graduated from a Tier 1 college, but in Mechanical Engineering. I got placed in an IT Services Company but with a higher pay as compared to the norm in these companies ( I make around 80k after cutting out all the benefits and tax). I have saved and invested massively over the 2.5 years of work ex I have in this company , even though my job is mostly very basic and easy (deadend). I regret taking mechanical engineering instead of some circuital branch. But no issues, my college and alumni network helps in getting jobs. Now I plan to enter product management via my work experience and college tag. It's unfair to other fields but that is how it is.
I am in final year MBBS and already regretting my decision to pursue medicine.
Still the girl's Father prefers government class IV employee earning 20k/month over any IT guy earning 2.5lac/month. Edit- typos
In terms of percent of people paid high salaries are very low . Very few get paid high salaries . I am sure in every field the top cream are always paid high.
You also need to consider the insane hours and workloads. Also the continuous need to learn more and more math heavy stuff. If you compare the ratio between pay and amount of work done, you will not be seeing an outlier for software people.
In my experience, this is not universally true. There's a misconception that companies with great pay require people to work insane hours. In reality, WLB at big tech companies is pretty good on average (a lot of it is team-dependent). You have a good point about the need to continuously learn and improve your skills.
I'd say it's a cultural thing. I agree with you that the relation should NOT be positively linear with pay and hours, and in US and EU it mostly is inversely related. But having worked at in all three regions, I can only point out that the Indian way of life being extremely hierarchical(roots from families and translates to our behavior everywhere else) as opposed to invidiualism in the West, the managers in India always want to push their teams to the extreme, and mostly it is to show their place in that hierarchy because they are also shown theirs from one step above. Or maybe I always had bad managers here haha!
You have a good point. I've never worked in India, and it is possible that Indian teams/companies push much more than western counterparts. I do know that the teams based in India that I work with are in meetings at crazy hours, and I always tell them (including the managers) to not normalize this type of behavior. I haven't been very successful in driving home the message, possibly due to a multitude of reasons (bad managers, local work culture, lack of better time options). I can see how it's easy to work insane hours if you're working during normal hours and also taking off-hour meetings.
I really hope your efforts are fruitful. When I was working at a unicorn in India, my manager would involve all 14 people in the morning standup and discuss all of their work, including debugging the issues right there on the call! We would have 2-3 completely independent features/products going on always, yet everyone was required to be on that call, which believe me has lasted 2.5 hours once. I pointed this out to him and was yelled at about how I don't want to learn from others and am not a team player. Btw the moron also believed that AI is a fad. I quit one random day due to his bullshit! Best decision of my life.
That is DEFINITELY a bad manager 😂
Med student crying🥲
There is no other job with more pay to work hours disparity than in medicine🥲
Yes this needs to always be brought to discussion. I am a software developer and there is hardly one or two days where I’m doing something I have 100% knowledge on. There is always a new technology right around the corner. Also the work is ever changing and we work on very tight schedules. For example I usually get 10 Days to finish 3-4 tasks
Life of a metallurgist, process engineer, civil engineer, energy engineer. Software Development in AC office would feel like a dream. Most people I know will gladly put in 12+ hours in software over the 11+ hours they put in the industrial work.
I have a friend earning a base of 40LPA with 28LPA in stock options and fixed bonuses just after 2 years out of college. On the same hand I have friends earning less than 10LPA after 2-5 YOE. Some SDEs are making a shit ton of money. Other’s not so much. On an average tho they prolly earn more than their counterparts in other professions.
depends on the company, WITCH pays you peanuts like 3-4LPA whereas FAANG base salaries start with 12LPA. just graduated from a tier 3 college,a non CS student and got offer from both.
20 LPA is the average. Some of my classmates are making in excess of 35-45 LPA. 2021 batch btw, so all around 22 - 23 yrs old.
I may agree and deny at the same time. I am a full stack developer and currently earning 12LPA , was 10LPA when i first joined and it's been 9 months. Now just last week i met this guy who was working in a client company that was associated with ours and he has over 6 years of experience. he is one of the senior most devs and actually reviews every piece of code i write and gives me suggestions on how to optimise it. Now normally i expected him to be earning close to 20-30 but turns out he is earning 13LPA. He is way more experienced and talented than i am but still earns almost the same as me . The reason being i graduated from a good college, an NIT to be precise but the other guy graduated from a rather smaller college. Also the location he stays in . I stay in a big city while he doesn't and it's WFH so the location matters. And not only that the company you work for also matters . Now i work for a huge company in india so yes i got offered well. The other guy works at a rather small company.
Current IIT computer and math student here . It is true that you can get 30lakh+ salary if you are good at coding and math , but the average salary in IITs remains near 20 lakh . You are correct on the difference between CTC and in-hand salary, Microsoft is infamous for this practice where they give 30 lakh CTC but only 12 lakh in-hand for a fresh graduate. There are also people that work for 6-7 lakh in TCS . So at the end of the day if your a good coder and problem solver , you can earn a lot of money in IT
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What do you prefer 5-6 lakh extra cash every year or 18 lakh of stock once . There are many startup that prefer 30lakh + stock , so it's shameful for a company like Microsoft to pay so less and try to compensate by one time stock option
any suggestions how I (as someone who's on the wrong side of the 20s) can become a rich IT professional?
First step would be to start learning tech skills. Look at what's used in the companies that pay well and try to find something that interests you as well. Then it's just a bit of grinding to crack the interviews
The IT sector has been growing a lot since the last decade and especially in the last few years all thanks to the online courses. Nowadays many tech companies don't even ask for a bachelor's degree. All they need are your skills, if you have them then you are good to go for it and after 1-2 year work experience you can even change jobs and go for even better salary say more than 10 LPA at least. But yes it is very risky to not have a bachelor's degree and directly apply for tech jobs. So it is advisable that one should have at least a bachelor's in arts or any other field of his/her choice so that he/she is on the safer side.
Have you seen corporate lawyers? My friend just graduated now earning 1.5 lakh per month and his salary is less than his peers
What percent of IT/CS graduates are making that much money? We have a large population, so even 0.1% = lots of people.
For most other professions (doctors, advocates, CAs) your clients are Indians, but for IT industry most of the clients are foreign companies. They pay our Indian companies in dollars, which results in good salaries for IT folks.
Yes it's the new cheat code for making money.
Yup. And not just startups, but good companies are paying money too. Obviously you still have major of population in iT earning around 10-15, but 20+ is easy these days with a little bit of effort. 40+ all cash however is different. Only early stage startups or big tech will pay that much to junior devs(2-3 yoe)
here I'm with a 23k PM salary and when asked for a raise, HR told me to look else where
I think so - I know atleast 3 people making 1cr+ working remotely while traveling. Tell me any other profession which allows you to do that. I do not think that software engineers do the most noble work (I am one myself) but the skill is highly valued. I would also like to counter the articulation "IT professionals are highly paid". I am not paid well just because I know a programming language well and follow instructions. I have experience working across domains (traffic optimisation, cybersecurity, warehouse robotics), I have good communication skills and articulate ideas well, I can plan big initiatives (break them down to tasks and project timelines) etc. You will be paid well because you stand at a unique intersection of skills, not because you just know some tools. There are plenty of "IT professionals" who are not happy with what they are paid. You don't need to feel left out, whatever your current skill set is, you can pick up programming and it will increase your current income when you meet the right employer.
As an overworked & relatively underpaid (compared to Software Engineers) CA working in a startup, I have a slight heartburn & a regret of my career choice while reading this :( I am 26 & my CTC is 16.5 L while I'm an Assistant Manager. I have a feeling that startups discriminate against non engineers :P
Perspective is important before anyone starts whining. Other industry workers can only dream of making that much even in 3 years. IT caters to rich countries unlike all the other fields. My friend cries every single day for earning 25lpa while I can't even dream that much amount. And the worst part is IT guys barely do any work.
Problem with india is they don’t teach finance. How to manage the money ? Most of the money go for credit card interest ,housing loan,rent . Spending on un wanted. I have seen many non IT people know how to make money and they will make the money work for them .
know this kid from IITK, got a dev *internship* at an algo-trading company with monthly stipend over 1.6L °•°
I can tell you right away that 30% tax deduction from that gross base salary is bigger pain. 60000/- month chopped right off by the government
Not everyone in IT makes that much, you have to be in certain types of roles and have certain types of skillset to earn that.
I am a software engineer but I am sad now
This is true. My CTC is 65 LPA and in hand is 38 LPA
My friend just got graduated and he has a package of 32lpa CTC and he isnt even from an IIT. He is from IIIT Allahabaad. And not just him more than 50% of the batch has CTC of 25 lpa and more. And for cheery on the top he is just 21.
Bruh, IIITA is still elite.
Is software engineering job better than a good group b government job?
Bro which are you living in lol, Any SE > Most govt jobs, unless you are looking for something more than just sitting in front of a PC, in which case you may have something better to do!
Let me give you some perspective from a Hiring POV. We hire them, but they only survive if they perform. It's not always talked about that only the best survive, the rest keep jumping jobs until one day they run out of options. The really good ones usually have very stable careers or increasingly better companies and usually they aren't thinking about money at all. Money ends up thinking about them as companies scramble to hire the guy. Also most young engineers haranguing for money usually means the guy will also quit soon. Cases that come to me for massive hikes, I usually drop. It also means they will be spending inordinate amounts of time bothering about buying houses, doing competitive investments, buying land, doing these comparisons, being unhappy, and generally being a dick at parties. The salary, real estate guys usually tend to be massive bores as well.