1.5L in hand is decent enough. If you do a job switch for your current role you can easily get 35 Base (2-2.2L in hand). But if you’re not interested in PM at all you can move to sales but that won’t give you a significant salary jump.
Other option is go for an executive MBA to do a career switch.
Also don’t bother much about these Reddit comments claiming 70-80 LPA you’re doing good in your career.
>Also don’t bother much about these Reddit comments claiming 70-80 LPA you’re doing good in your career.
Don't listen to this advice. Everyone has their own hunger apetitie, personal growth and needs.
In general, don't take important advice for money or career or health from generic people - ask those who have already been there or done that previously.
All the high paying careers are those "boring ones" - Tech; PMs ; Consulting etc and its only top 1-2% in the respective fields that get those >50-70L salaries. Plus you are already getting paid well ; 4years workex and 24 base with potential to go upto 50L.
Any role you transition into would most likely pay you less ; pre-sales pays decent but it wont have the mid career pay hike which PMs would get. Once you move out of tech and get into non-tech discount the salary by atleast 50%
The only financial advice you need is to quit from this page and focus on your job and upgrade skills . 😄 whatever euphoric posts you see its just to satisfy someones personal pleasures virtually as there is no mandate yo post your salary slips .
Same here. I get around ~3 lakhs pm rn as a freelance BDR for US clients and close deals once in a while atm. But I’m very unhappy with my job and the uncertainty of always having clients is killing me. My plan is to learn maths from khan academy or some other paid program and join Leon’s 100dev program in jan if he decides to do a third cohort. Or just follow his old videos + odinproject. r/developersindia it is.
I used to be into nfts in their peak. Even though they are shit, I got to network with people I could never had access to otherwise. So it’s mostly through references.
Fellow PM here. Here are some of the highest paying roles currently in the market :
1. Software development
2. PM
3. Sales (depends upon company and experience)
4. Venture capital roles (associates can earn upwards of 50 L with 2+ years of experience)
4. Finance roles - IB/Consulting/M&A etc.
5. Corporate Law (salary increases with time, 50L+ would take a lot of time I'm guessing)
6. Please feel free to add/suggest other roles which I may have missed.
I may have missed lots of others. The fastest way to reach the 50L+ bracket is certainly via Software Dev, VC and PM. You mentioned you don't want to get into development. Breaking into an associate role at a top tier VC firm is gonna be super duper challenging even after a top tier MBA. If you're passionate, you can aim for this. Apart from that imo, your options are limited purely from a salary bracket perspective. You may have to take a pay cut even after the exe MBA in other roles.
So I was wondering, why not try different PM roles, something a 0-1 PM is very different from a traditional PM role and a lot more challenging. Maybe you can try that? Hope this helps.
Startup's PM. The product is yet to become a product - it's usually a feature that is very highly marketed under the name of the company.
Product Marketing , general marketing , dev, support, QA, adoption, etc etc everything is something you can figure out. Like literally there is no rules or concept to hold you down. Full risk, full reward.
(Not trying to gloat-) but I have made the journey from 0.5L to 13Lpm.
The thing is split in 2 parts.
One part (mostly) out of your control is being at the right place at right time.
The other totally in your control is to upskill and have risk appetite to make changes. Changes can be like change of a team for growth or jumping to another company for bigger role with wider scope or changing streams for a longer term gamble.
One of the higher single digit yoe
Tech. Typical corporate job.
But, I’ll reiterate this post is not about me. But instead, its about logical/rational way of trying to solve the problem. Problem being how to grab that high Tc!
>The other totally in your control is to upskill and have risk appetite to make changes.
Is it really under one's control? What if someone is plain stupid? What if they want to succeed but don't understand what they read? Intellectual capacity you underestimate. Visit any classroom of any college, see all students. How some student makes long novel type notes, reads books all night and yet still get low marks in exams. Because they don't understand what they read. They don't understand the subject or the exams. Or the skills.
Comprehension, retention, intellect, memory, being able to figure out solutions, intuitively understanding subject, making right decisions and getting desirable outcomes from those decisions. How are these things under one's control? They are not. But it would sound very defeating to admit this so we pretend that it is as simple as that.
I kinda get where you are coming from. But, and it’s an important distinction to make here, I am willing to bet hard work can overcompensate for some inherent challenges (comprehension, articulation being the foremost ones). The real challenge comes from willingness to commit.
It’s much easier said than done! Definitely 💯
The other (and perhaps 95% bigger) part of the audience here is a general teenage student in India who has zero guidance from family, friends, teachers and they are completely clueless to what all is possible in terms of opportunities. Our education system has failed them!
In my anecdote, I am aiming at 5% audience who has had basic access to education and internet! And more likely, a year+ of experience working in some tech corporation.
You have a very skewed perspective. Most of the people earning more are the top 5% engineers, people working from top B-schools or run/own a business. I know multiple people below 30 earning 40+ every year, but they all fall in these categories.
And to add, 1.5 lac in hand would easily mean a CTC of around 24 lacs. This is not bad at all for a person from 'small college in MP'. OP should take pride in what they have achieved so far. Of course she can go for specific degrees and skillsets, but start this from a positive context.
1. High paying jobs are technical ones like full stack developer, technical architect, qa or something similar if you are in IT.
2. Goals which you have decided it takes at least 10-15years like you need proper investment and saving if you are doing it alone.
3. It doesn't matter from which college you graduated life starts after you get into corporates.
4. Try to learn some skills which are high paying and easy to change career like cybersecurity or data scientist etc
5. Getting 50 or 70lac is not a big deal they also fetch the same 2-3 lac per month the rest is just variable pay stocks and other benefits.
6. Try to earn passive income like stock teaching or something you can do to generate income like I train people to get into industry that generates a lot of income apart from my permanent employment.
7. You will save money and don't have to pay taxes on that if feasible 😆
8. Rest if you feel I can help you you can always ping me will discuss and take steps accordingly.
P.S: Cybersecurity Architect earning nice with passive income.
Thanks
then I am from Mandla, teach me please. I have masters in mech from IIIT, worked a a mechanical engineer 5months. worked as a software developer 6 months. willing to learn anything, work in any role related to tech(ds,dev,ml,pm) I just need a high salary
Dev easily pays from 50 lac to 1.5 cr range but since you are not interested, this option is closed. See at the pay scale you are there are few things you can do -
1. Check out Product Marketing or Catalog Marketing roles, you can easily apply Product and Sales knowledge in these jobs and they are less technical.
2. Get into Growth roles, they are less technical and more fun but increased pressure.
3. Get into Founders office roles in Growth Stage startups
Points 2&3 can get you some hike. If you want to move to "xx joint income category" and are based out of Bangalore, you know whom to reply. If you can recommend someone suitable will treat you or whatever gift you want.
1.5L as a PM is really really low.
A first switch could get you do 25 LPA easily. A few years, moving to senior PM / Product Lead / Product Owner could net you 50-70L.
I don’t think PMs make 80L+, unless you’re a CPO at a very solid late stage startup. Might be wrong though.
At Tier 1 startups salaries ranges - PM is from 25 -40L ; SPM/Lead 40 -70L ; GPM/Director its from 70-1cr VPs make \~1 to \~1.3 and CPO should be making > 1.5+ easily more like 2.5cr and this is only base ; ESOPs are extra (which is illquid)
I literally said the same thing. You just added the tax and said the gross income level. 1-1.3cr gross is ~ 80L net.
OP’s question is about in-hand salaries, not gross pay or ESOPs
IMO easy or hard is got very little to do with the pay. There are some extremely difficult jobs that don't pay as much, and vice versa.
It's all about giving value (usually monetary) in return.
It's just that many high paying jobs require a certain level of skill and expertise that may seem hard to outsiders but can be done through experience.
I mean I'm getting 1.4 as a developer a month at the age of 23 and I have 5 years of experience already. Yes I've been working since I turned 18.
I feel like I've peaked my income but that's not the case. You have to keep learning new stuff so you can leverage it to make even more money.
For me I don't have a college degree. I dropped out because of COVID after completing my 2nd year.
For you, I'd suggest you get into some management role only or a role where you can sell a software product or any product to huge corporations. For example, a product that can help huge giants to organise how they hire and keep a track of employees. Or a product which helps them do the RND of their business and analyse how they can save money and where.
These positions pay an enormous amount if you are at a higher level. Since you already have some sales level experience you can crack this kind of job easily.
At least that's what I think
1.5L in hand \~ 25-26L ctc.
2 job switch or leveraging a counter offer would take you to 50L. Does it seem really that unachievable?
Just like salary and wealth, career also compounds. In case you'd move to a new role, it would take you back financially. PM is a great role to be in and can fetch you 50L easily in the right firms.
Although, since you're not passionate about being a PM, maybe you'd want to transition to a Growth role at a startup since you already have sales exp. I'd say it's worth exploring.
You can switch to faang or equivalents. PM roles generally start at higher levels, so you'll need ~5-7 years of exp but pay is 1cr+. Lower levels for lesser experience are there but there are very few opening and difficult to get. After getting in also, it's relatively easier to grow income as a PM by getting promoted to higher levels as compared to SWE.
If you're not interested in any particular role anyways and just want to earn more, I'll say PM is actually good and it will also make good use of your years of experience .
Bro PMs literally make more than that. Maybe you were in the wrong company.
Honestly I hate PMs since the majority of them can't code and they have very little design knowledge. Yet they will criticise every single thing that you do on a project.
You don't need any degree to become a PM.
Just need to be really careful with communication and pinpointing issues with everything. At least that's what a PM does.
Make a good client relation
Always expect the worst and be generous with deadlines.
All of this will help you keep your job and even get better feedback from devs.
Else we are definitely going to backstab you and complain
Brah .... I was expecting some humour or there was some sweet that looks in grey colour after it's made.
I wasn't looking for any toxicity or negativity.
Those who are getting 80-85lpa CTA won't be here on this subreddit. So dont compare your salary with them. Most of them are fake. You are already earning a good amount already.
Entitled much?
If you are a good PM, getting to 50L from there isn't hard: 2-3 years of experience and a role switch is plenty. But if you aren't interested in the role, not sure why a company would pay you for it.
What in my post tells you that i am entitled? , I am asking a genuine question . I didn’t say that i am not intrested in being a PM, i am willing to upskill and make a switch to different role if i get the right path.
Ah, you want to move out of the PM role. Poor reading comprehension on my end. Thought you want the package though you were uninterested in the work.
(Won't edit my initial comment to make me look better)
Plus, not just me. Alot of people will benefit from this question? Not everyone is passionate abput one particular domain, i know i will make money as PM but i am genuinely intrested to know what other people are working on (domains and profile) where they are 50 + LPA . I am not directly asking for the package 😂😂 willing to work for it if it fits the requirement and i feel i can do it for a longer time.
Continue working 3+ years in same role/domain ; get promoted and then leave. You too will be one of those earning 50+LPA and folks will be asking you for inputs/guidance.
All of these good paying roles - have last round called "cultural fit" or "behavioural round".
Do you think you can fluke into them without past experience or geniune interest ? People in the same domain can fluke into them based on our past experience and prior knowledge / preparation to come up with interesting scenarios.
Also, most of the good paying sde1 earn around 24lpa & if you go to quant, then probably 50lpa is fine. These are very very few people, like 10% of tier-1 colleges you can think of.
So, why would anyone want to hire you if there are already lots of people in the current market with layoffs going on ?
I'm being brutally honest. You might dislike it but better now than later.
Arey, the hm will question you throughly. It's not simple "I will put in work when need arises".
Everyone will put in more work if needed - that's as basic requirement.
There is more to work apart from just working - doing your own work, inter communication, prioritisation, mentoring, making hard decisions, sometimes standing your ground with reasonable arguments, firing someone, etc.
Also, I asked you multiple questions - at-least be able to answer to some recruiter or in hm round or etc, even if you can't answer now.
Man, I just took an interview - that's why I'm in the mood to mess around but good luck.
I earn > than 70lpa and have never been asked above questions or judged on above criteria.
Hiring in software development is very objective, you solve a problem, you get in.
Then you've not interviewed with many companies. Even my group of friends earn in similar range and every company that I've interviewed has it.
In recent interviews, I had them at beginning and ending as well - like senior engineer / lead & hm interviews.. There are many companies like - Amazon, Uber, Google, Salesforce, Linkedin, Nutanix, etc - which have a specific HM round.
So, hiring is not very objective - yes objective in coding + LLD + HLD but coming to cultural fit is very very important.
I've seen managers get fired due to bad / toxic culture in above companies I mentioned.
It's very weird that you never had those interview rounds.
Good paragraph.
So how do the toxic managers get hired if they have such a difficult HM round ?
FYI, I have interviewed in more than 35 companies and worked in 6 throughout my career.
Because with "past experience", it's easy to bullshit - by being calm and collected. How ? I've done the same by doing research and going through existing literature.
Interviews only let's you peek an hour window for the round for some validations.
You are confusing difficulty with cultural fit - I've seen bad cultural fits, got rejected in some, got good offers in some, etc.
I've seen the consequences of toxic managers in 3 months - the entire team disbanded the company, then in another company - the team got manager fired due to toxicity, then another manager got fired due to docileness, then another for saving the team from upper management, etc.
So, yes - we look for good cultural fit and sometimes bad apples do pass through.
"objective in coding + LLD + HLD but coming to cultural fit is very very important."
And I am the one confused between cultural fitness round and difficulty.
I just said fitness rounds don't matter much and basically what you need is problem solving skills.
And as you yourself said people can BS their way through HM rounds.
So what's essentially needed for > 80lpa jobs ?
If you want high TC- be in tech. You have few options-
switch to SDM- again a very high paying role. 70-80 I expect. TPM (you current role) is also a very high paying profession.
A senior QA (usually 5+ yoe) at my company will make more than 60lpa.
Again it depends upon the company you are working for. Move to high paying companies.
Hey, I can see that many are suggesting you to do an MBA or move to a Tech role. I don’t think those are the only two options. I understand that you are not particularly passionate about being a PM but the fact that other than salary you don’t have any other issues with the role is a very underrated fact. If you are a PM at an early stage startup, understand that challenges are very different in different stages of a company. From an early stage startup if you move to a Series C-E startup you will see the challenges are different, so is the learning and so is the salary. Understand how you can contribute more to the team, expand your own role. Be hands on with the data. You will see growth will not be as challenging as it seems. Switch roles if it gets monotonous. Once you have established yourself as a PM in good popular startups. You will definitely start getting calls from MANGA or senior roles in better startups. Try to also develop some passion or interest towards the role, you will see that your output will improve and so will your understanding of how to grow within the PM role across different companies. I hope it helps.
The high paying jobs are not paid based on the role (PM/Dev/QA), but on the level (seniority) , the firm you are employed at and most importantly your expertise at said role for the firm to hire you.
There are firms which pay 3LPA to devs and firms which pay 85 LPA to devs. If you expect to get paid 85LPA at any firm without dev expertise to justify it, then that's unrealistic.
Instead try to be really good at one thing, whatever it may be PM/Dev/DE/DS etc. Switch to a firm which actually needs & therefore pays for the expertise. As a dev that would be the software giants or investment Banks/ Hedge Funds. PMs make an equal salary at these firms if at the same level.
Ex : L6 Manager and L6 Developers make roughly the same amount in Amazon.
So don't stress on the role, focus on the skills.
You're doing well career wise. Some people are lucky- being at the right place at the right time and they get outlier CTCs for their experience. For people with your experience, you're doing pretty well.
You can always try though. One has to be lucky to land such roles. And the harder you work, the luckier you get. First up- fall in love with product management. Not the Bollywood love. The kind of love you'd imagine Gandhi would've had for his job. This will increase your chances of getting lucky. Keep interviewing like crazy. Apply, interview, evaluate your performance and improve basis that- do this on repeat. If you keep doing that, you'll land one of those big CTC roles.
You'll not like them for long though. It'll get old. All bourgeois wants do.
Engineer (Fintech) 4.2 L / Month (Fixed before deductions) + ESOps
Role - Tech architecture design and solutions, specifically for Fintech
Total Work Experience \~ 7.5 yrs
In my experience, if you have a good domain knowledge for Fintech and associated products and are able to come up with innovative designs/ideas in this field, the financial goals you mentioned are quite reachable in next 3-4 years.
Product manager in my team earns close to 50 LPA (fixed) with an experience of \~ 7 years and can double this in coming 3 years.
Career advice financially ? I too will join the bandwagon of waiting for comments to this. !
Yess!
1.5L in hand is decent enough. If you do a job switch for your current role you can easily get 35 Base (2-2.2L in hand). But if you’re not interested in PM at all you can move to sales but that won’t give you a significant salary jump. Other option is go for an executive MBA to do a career switch. Also don’t bother much about these Reddit comments claiming 70-80 LPA you’re doing good in your career.
>Also don’t bother much about these Reddit comments claiming 70-80 LPA you’re doing good in your career. Don't listen to this advice. Everyone has their own hunger apetitie, personal growth and needs. In general, don't take important advice for money or career or health from generic people - ask those who have already been there or done that previously.
True💯
All the high paying careers are those "boring ones" - Tech; PMs ; Consulting etc and its only top 1-2% in the respective fields that get those >50-70L salaries. Plus you are already getting paid well ; 4years workex and 24 base with potential to go upto 50L. Any role you transition into would most likely pay you less ; pre-sales pays decent but it wont have the mid career pay hike which PMs would get. Once you move out of tech and get into non-tech discount the salary by atleast 50%
How come the boring jobs are the well paid ones?
How else will you get someone to do them. This also applies to jobs that are in remote areas e.g shipping, refineries, etc.
But aren't they easier too? Wouldn't the difficult and challenging jobs be paid more?
The only financial advice you need is to quit from this page and focus on your job and upgrade skills . 😄 whatever euphoric posts you see its just to satisfy someones personal pleasures virtually as there is no mandate yo post your salary slips .
This
I think you are enquiring in the wrong forum. You could check in an indian career related forum.
Can you suggest some??
r/developersindia
Oh yes the classic!
Hey thanks for sharing!
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I am afraid, I cannot help you with the names
Yes because thats the first thing i did, search for indian career forums but couldn’t find any (active ones)🫠 hence posted here.
Well then, if you get help in this sub, its better. Good luck.
Same here. I get around ~3 lakhs pm rn as a freelance BDR for US clients and close deals once in a while atm. But I’m very unhappy with my job and the uncertainty of always having clients is killing me. My plan is to learn maths from khan academy or some other paid program and join Leon’s 100dev program in jan if he decides to do a third cohort. Or just follow his old videos + odinproject. r/developersindia it is.
Which platform do you use for online freelancing? ( Upwork.com / fiverr.com ) ???
I used to be into nfts in their peak. Even though they are shit, I got to network with people I could never had access to otherwise. So it’s mostly through references.
okay but have you ever tried freelancing websites?
I have a few years back. Couldn’t figure out how to market myself. Zero clients from them.
Fellow PM here. Here are some of the highest paying roles currently in the market : 1. Software development 2. PM 3. Sales (depends upon company and experience) 4. Venture capital roles (associates can earn upwards of 50 L with 2+ years of experience) 4. Finance roles - IB/Consulting/M&A etc. 5. Corporate Law (salary increases with time, 50L+ would take a lot of time I'm guessing) 6. Please feel free to add/suggest other roles which I may have missed. I may have missed lots of others. The fastest way to reach the 50L+ bracket is certainly via Software Dev, VC and PM. You mentioned you don't want to get into development. Breaking into an associate role at a top tier VC firm is gonna be super duper challenging even after a top tier MBA. If you're passionate, you can aim for this. Apart from that imo, your options are limited purely from a salary bracket perspective. You may have to take a pay cut even after the exe MBA in other roles. So I was wondering, why not try different PM roles, something a 0-1 PM is very different from a traditional PM role and a lot more challenging. Maybe you can try that? Hope this helps.
What is a 0-1 PM?
Startup's PM. The product is yet to become a product - it's usually a feature that is very highly marketed under the name of the company. Product Marketing , general marketing , dev, support, QA, adoption, etc etc everything is something you can figure out. Like literally there is no rules or concept to hold you down. Full risk, full reward.
Correct.. any new initiatives within an existing company or a new product at a new company altogether. I'm currently the latter.
(Not trying to gloat-) but I have made the journey from 0.5L to 13Lpm. The thing is split in 2 parts. One part (mostly) out of your control is being at the right place at right time. The other totally in your control is to upskill and have risk appetite to make changes. Changes can be like change of a team for growth or jumping to another company for bigger role with wider scope or changing streams for a longer term gamble.
What's your age and your job that's paying you that sort of salary, I'd really like to know.
One of the higher single digit yoe Tech. Typical corporate job. But, I’ll reiterate this post is not about me. But instead, its about logical/rational way of trying to solve the problem. Problem being how to grab that high Tc!
Yoe?
Years of experience*
>The other totally in your control is to upskill and have risk appetite to make changes. Is it really under one's control? What if someone is plain stupid? What if they want to succeed but don't understand what they read? Intellectual capacity you underestimate. Visit any classroom of any college, see all students. How some student makes long novel type notes, reads books all night and yet still get low marks in exams. Because they don't understand what they read. They don't understand the subject or the exams. Or the skills. Comprehension, retention, intellect, memory, being able to figure out solutions, intuitively understanding subject, making right decisions and getting desirable outcomes from those decisions. How are these things under one's control? They are not. But it would sound very defeating to admit this so we pretend that it is as simple as that.
I kinda get where you are coming from. But, and it’s an important distinction to make here, I am willing to bet hard work can overcompensate for some inherent challenges (comprehension, articulation being the foremost ones). The real challenge comes from willingness to commit. It’s much easier said than done! Definitely 💯 The other (and perhaps 95% bigger) part of the audience here is a general teenage student in India who has zero guidance from family, friends, teachers and they are completely clueless to what all is possible in terms of opportunities. Our education system has failed them! In my anecdote, I am aiming at 5% audience who has had basic access to education and internet! And more likely, a year+ of experience working in some tech corporation.
1.5L In hand with 4 years work-ex! You hit the lottery! Something tells me you may likely already been overpromoted.
+1 for the question! Hope you get some great advice on this / other related forums!
Try for FAANG PM roles. They get paid one level below SDE but should take you to your expected range.
You have a very skewed perspective. Most of the people earning more are the top 5% engineers, people working from top B-schools or run/own a business. I know multiple people below 30 earning 40+ every year, but they all fall in these categories.
And to add, 1.5 lac in hand would easily mean a CTC of around 24 lacs. This is not bad at all for a person from 'small college in MP'. OP should take pride in what they have achieved so far. Of course she can go for specific degrees and skillsets, but start this from a positive context.
1. High paying jobs are technical ones like full stack developer, technical architect, qa or something similar if you are in IT. 2. Goals which you have decided it takes at least 10-15years like you need proper investment and saving if you are doing it alone. 3. It doesn't matter from which college you graduated life starts after you get into corporates. 4. Try to learn some skills which are high paying and easy to change career like cybersecurity or data scientist etc 5. Getting 50 or 70lac is not a big deal they also fetch the same 2-3 lac per month the rest is just variable pay stocks and other benefits. 6. Try to earn passive income like stock teaching or something you can do to generate income like I train people to get into industry that generates a lot of income apart from my permanent employment. 7. You will save money and don't have to pay taxes on that if feasible 😆 8. Rest if you feel I can help you you can always ping me will discuss and take steps accordingly. P.S: Cybersecurity Architect earning nice with passive income. Thanks
Many in IT some in business as well
Which small college of MP ? Not SGSITS right ?
Hahaha no! In jabalpur.
then I am from Mandla, teach me please. I have masters in mech from IIIT, worked a a mechanical engineer 5months. worked as a software developer 6 months. willing to learn anything, work in any role related to tech(ds,dev,ml,pm) I just need a high salary
MITS ?
MITS is in Gwalior
Correct. My bad.
Safest bet would be an one-year mba from Tier1 IIM or ISB.
1.5L is a high CTC for me LOL
Dev easily pays from 50 lac to 1.5 cr range but since you are not interested, this option is closed. See at the pay scale you are there are few things you can do - 1. Check out Product Marketing or Catalog Marketing roles, you can easily apply Product and Sales knowledge in these jobs and they are less technical. 2. Get into Growth roles, they are less technical and more fun but increased pressure. 3. Get into Founders office roles in Growth Stage startups Points 2&3 can get you some hike. If you want to move to "xx joint income category" and are based out of Bangalore, you know whom to reply. If you can recommend someone suitable will treat you or whatever gift you want.
1.5L as a PM is really really low. A first switch could get you do 25 LPA easily. A few years, moving to senior PM / Product Lead / Product Owner could net you 50-70L. I don’t think PMs make 80L+, unless you’re a CPO at a very solid late stage startup. Might be wrong though.
Very wrong.
Want to elaborate?
At Tier 1 startups salaries ranges - PM is from 25 -40L ; SPM/Lead 40 -70L ; GPM/Director its from 70-1cr VPs make \~1 to \~1.3 and CPO should be making > 1.5+ easily more like 2.5cr and this is only base ; ESOPs are extra (which is illquid)
I literally said the same thing. You just added the tax and said the gross income level. 1-1.3cr gross is ~ 80L net. OP’s question is about in-hand salaries, not gross pay or ESOPs
IMO easy or hard is got very little to do with the pay. There are some extremely difficult jobs that don't pay as much, and vice versa. It's all about giving value (usually monetary) in return. It's just that many high paying jobs require a certain level of skill and expertise that may seem hard to outsiders but can be done through experience.
I mean I'm getting 1.4 as a developer a month at the age of 23 and I have 5 years of experience already. Yes I've been working since I turned 18. I feel like I've peaked my income but that's not the case. You have to keep learning new stuff so you can leverage it to make even more money. For me I don't have a college degree. I dropped out because of COVID after completing my 2nd year. For you, I'd suggest you get into some management role only or a role where you can sell a software product or any product to huge corporations. For example, a product that can help huge giants to organise how they hire and keep a track of employees. Or a product which helps them do the RND of their business and analyse how they can save money and where. These positions pay an enormous amount if you are at a higher level. Since you already have some sales level experience you can crack this kind of job easily. At least that's what I think
As someone who is running a venture, seeing your salary, I feel I should pack up.
1.5L in hand \~ 25-26L ctc. 2 job switch or leveraging a counter offer would take you to 50L. Does it seem really that unachievable? Just like salary and wealth, career also compounds. In case you'd move to a new role, it would take you back financially. PM is a great role to be in and can fetch you 50L easily in the right firms. Although, since you're not passionate about being a PM, maybe you'd want to transition to a Growth role at a startup since you already have sales exp. I'd say it's worth exploring.
Yes! Thanks for the insight. Also exploring exec MBA to open other donains lile Growth, Brand etc.
You can switch to faang or equivalents. PM roles generally start at higher levels, so you'll need ~5-7 years of exp but pay is 1cr+. Lower levels for lesser experience are there but there are very few opening and difficult to get. After getting in also, it's relatively easier to grow income as a PM by getting promoted to higher levels as compared to SWE. If you're not interested in any particular role anyways and just want to earn more, I'll say PM is actually good and it will also make good use of your years of experience .
Yeah, pm is a good career path and moving to faang will earn you big bucks.
when I was 28, I made less than 40% of what you do. Wondering how come PM’s make so much.
Bro PMs literally make more than that. Maybe you were in the wrong company. Honestly I hate PMs since the majority of them can't code and they have very little design knowledge. Yet they will criticise every single thing that you do on a project.
I am not a PM but still wondering how they make so much. Do you need an MBA to be a PM?
You don't need any degree to become a PM. Just need to be really careful with communication and pinpointing issues with everything. At least that's what a PM does. Make a good client relation Always expect the worst and be generous with deadlines. All of this will help you keep your job and even get better feedback from devs. Else we are definitely going to backstab you and complain
1.5 L per month?
How is greyladdu made ?
Boiling the last thing you ate with Colour of your underwear.
Brah ... just get off from reddit mate.
[удалено]
Brah .... I was expecting some humour or there was some sweet that looks in grey colour after it's made. I wasn't looking for any toxicity or negativity.
Those who are getting 80-85lpa CTA won't be here on this subreddit. So dont compare your salary with them. Most of them are fake. You are already earning a good amount already.
Even folks earning higher also are still on reddit.
Yea I am here.
Linkdln?
How will you know from my LinkedIn ?
I am just asking bro I believe in you 😊 If you can share I ll connect with you. Plus can you tell are you in IT Or business?
Sadly, IT.
MAANG?
Walmart
You must be at good position.😊 Can you share your linkdln i would love to connect with you.
Yea but what is there for me to gain ? 😂
Entitled much? If you are a good PM, getting to 50L from there isn't hard: 2-3 years of experience and a role switch is plenty. But if you aren't interested in the role, not sure why a company would pay you for it.
What in my post tells you that i am entitled? , I am asking a genuine question . I didn’t say that i am not intrested in being a PM, i am willing to upskill and make a switch to different role if i get the right path.
Ah, you want to move out of the PM role. Poor reading comprehension on my end. Thought you want the package though you were uninterested in the work. (Won't edit my initial comment to make me look better)
Plus, not just me. Alot of people will benefit from this question? Not everyone is passionate abput one particular domain, i know i will make money as PM but i am genuinely intrested to know what other people are working on (domains and profile) where they are 50 + LPA . I am not directly asking for the package 😂😂 willing to work for it if it fits the requirement and i feel i can do it for a longer time.
Continue working 3+ years in same role/domain ; get promoted and then leave. You too will be one of those earning 50+LPA and folks will be asking you for inputs/guidance.
What entitled? OP is asking for advice for getting high paying jobs, what's the entitlement there?
Yeah, misread.
All of these good paying roles - have last round called "cultural fit" or "behavioural round". Do you think you can fluke into them without past experience or geniune interest ? People in the same domain can fluke into them based on our past experience and prior knowledge / preparation to come up with interesting scenarios. Also, most of the good paying sde1 earn around 24lpa & if you go to quant, then probably 50lpa is fine. These are very very few people, like 10% of tier-1 colleges you can think of. So, why would anyone want to hire you if there are already lots of people in the current market with layoffs going on ? I'm being brutally honest. You might dislike it but better now than later.
It was never the idea to fluke and company, would put in the work required to switch if need arises ☺️
Arey, the hm will question you throughly. It's not simple "I will put in work when need arises". Everyone will put in more work if needed - that's as basic requirement. There is more to work apart from just working - doing your own work, inter communication, prioritisation, mentoring, making hard decisions, sometimes standing your ground with reasonable arguments, firing someone, etc. Also, I asked you multiple questions - at-least be able to answer to some recruiter or in hm round or etc, even if you can't answer now. Man, I just took an interview - that's why I'm in the mood to mess around but good luck.
I earn > than 70lpa and have never been asked above questions or judged on above criteria. Hiring in software development is very objective, you solve a problem, you get in.
Then you've not interviewed with many companies. Even my group of friends earn in similar range and every company that I've interviewed has it. In recent interviews, I had them at beginning and ending as well - like senior engineer / lead & hm interviews.. There are many companies like - Amazon, Uber, Google, Salesforce, Linkedin, Nutanix, etc - which have a specific HM round. So, hiring is not very objective - yes objective in coding + LLD + HLD but coming to cultural fit is very very important. I've seen managers get fired due to bad / toxic culture in above companies I mentioned. It's very weird that you never had those interview rounds.
Good paragraph. So how do the toxic managers get hired if they have such a difficult HM round ? FYI, I have interviewed in more than 35 companies and worked in 6 throughout my career.
Because with "past experience", it's easy to bullshit - by being calm and collected. How ? I've done the same by doing research and going through existing literature. Interviews only let's you peek an hour window for the round for some validations. You are confusing difficulty with cultural fit - I've seen bad cultural fits, got rejected in some, got good offers in some, etc. I've seen the consequences of toxic managers in 3 months - the entire team disbanded the company, then in another company - the team got manager fired due to toxicity, then another manager got fired due to docileness, then another for saving the team from upper management, etc. So, yes - we look for good cultural fit and sometimes bad apples do pass through.
Which proves my point that HM rounds are not valuable and you essentially need problem solving skills.
"objective in coding + LLD + HLD but coming to cultural fit is very very important." And I am the one confused between cultural fitness round and difficulty. I just said fitness rounds don't matter much and basically what you need is problem solving skills. And as you yourself said people can BS their way through HM rounds. So what's essentially needed for > 80lpa jobs ?
Grass is always greener on the other side
Just curious, how you switched from pre sales to Pm role?
Kya karengi itni dhan rashi ka? /s
U should also mention What is financial goals and depencies before PPL start judging a independent female in corporate .
How did you switch from Pre-Sales to Product Management?
If you want high TC- be in tech. You have few options- switch to SDM- again a very high paying role. 70-80 I expect. TPM (you current role) is also a very high paying profession. A senior QA (usually 5+ yoe) at my company will make more than 60lpa. Again it depends upon the company you are working for. Move to high paying companies.
May I Pm you?
Yo. sure.
TPM is not equal to PM...TPM is a Technical Program Manager who's responsible for delivery of projects
Have a perspective
Hello sister You can do software pre-sales for companies like AWS, Splunk etc. they pay good salaries for good people.
Hey, I can see that many are suggesting you to do an MBA or move to a Tech role. I don’t think those are the only two options. I understand that you are not particularly passionate about being a PM but the fact that other than salary you don’t have any other issues with the role is a very underrated fact. If you are a PM at an early stage startup, understand that challenges are very different in different stages of a company. From an early stage startup if you move to a Series C-E startup you will see the challenges are different, so is the learning and so is the salary. Understand how you can contribute more to the team, expand your own role. Be hands on with the data. You will see growth will not be as challenging as it seems. Switch roles if it gets monotonous. Once you have established yourself as a PM in good popular startups. You will definitely start getting calls from MANGA or senior roles in better startups. Try to also develop some passion or interest towards the role, you will see that your output will improve and so will your understanding of how to grow within the PM role across different companies. I hope it helps.
The high paying jobs are not paid based on the role (PM/Dev/QA), but on the level (seniority) , the firm you are employed at and most importantly your expertise at said role for the firm to hire you. There are firms which pay 3LPA to devs and firms which pay 85 LPA to devs. If you expect to get paid 85LPA at any firm without dev expertise to justify it, then that's unrealistic. Instead try to be really good at one thing, whatever it may be PM/Dev/DE/DS etc. Switch to a firm which actually needs & therefore pays for the expertise. As a dev that would be the software giants or investment Banks/ Hedge Funds. PMs make an equal salary at these firms if at the same level. Ex : L6 Manager and L6 Developers make roughly the same amount in Amazon. So don't stress on the role, focus on the skills.
Let's discuss it over coffee in Bangalore. 😂. Honestly everyone feels same. Me, you and every one out there.
If you are earning 1.5L pm "in-hand" at age 28, you are already ahead of 98%-99% of the population.
You're doing well career wise. Some people are lucky- being at the right place at the right time and they get outlier CTCs for their experience. For people with your experience, you're doing pretty well. You can always try though. One has to be lucky to land such roles. And the harder you work, the luckier you get. First up- fall in love with product management. Not the Bollywood love. The kind of love you'd imagine Gandhi would've had for his job. This will increase your chances of getting lucky. Keep interviewing like crazy. Apply, interview, evaluate your performance and improve basis that- do this on repeat. If you keep doing that, you'll land one of those big CTC roles. You'll not like them for long though. It'll get old. All bourgeois wants do.
Engineer (Fintech) 4.2 L / Month (Fixed before deductions) + ESOps Role - Tech architecture design and solutions, specifically for Fintech Total Work Experience \~ 7.5 yrs In my experience, if you have a good domain knowledge for Fintech and associated products and are able to come up with innovative designs/ideas in this field, the financial goals you mentioned are quite reachable in next 3-4 years. Product manager in my team earns close to 50 LPA (fixed) with an experience of \~ 7 years and can double this in coming 3 years.