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Salary formula in Mumbai

soniya saxena
Ranch Hand

Joined: Nov 18, 2004
Posts: 300
I have posted questions related to this before and what seems to be the norm in Mumbai for salary is (n+1)lakhs p.a. where n is the no of yrs of experience.
Now, lets consider some decent companies in Mumbai.
Is (n+1) the minimum salary that a professional should expect in these companies?
Is anything less than (n+1) considered to be a low pay in Mumbai?
Arjun Shastry
Ranch Hand

Joined: Mar 13, 2003
Posts: 1874
If professional is descent then I don't think (n+1) should be a problem.Mumbai(Bombay),you must be knowing is one of the costliest and dirtiest city in India.Transportation is easy but somewhat expensive.Its population is little less than entire population of Australia.Natually living in Mumbai on rent is as costly as here in Bangalore.Little outside of subbarbs,beyond Dahisar,you get cheap rent.Food again is expensive.Travelling through jammed packed local trains in the morning is a thrilling experience.Most of Software shops are located in/around Andheri area where 1BHK costs around Rs 5000 per month.One can also go to Vashi/CBD Belapur as many companies like LTITL/Patni are there too.If you have already possess a house/apartment in Mumbai,then n+1 lakhs should not be a problem.Cost on rent and food are saved.


MH
soniya saxena
Ranch Hand

Joined: Nov 18, 2004
Posts: 300
Arjun, I think u misunderstood my question. My question was not whether (n+1) is sufficient to survive in Mumbai. Lets forget abt living conditions in Mumbai. My question in more with respect to industry standards in Mumbai. What I want to know is that when I negotiate compensation with a company in Mumbai (assuming I am a decent professional), should i consider (n+1) to be the minimum pay I should get, and should I consider anything lower than (n+1) to be a poor pay. Or is (n+1) the max that a professional can get, barring exceptional cases.
Sachin Mehra
Ranch Hand

Joined: Jan 07, 2005
Posts: 77
Nowadays I think n*1.5 works better.
Vijay Vaddem
Ranch Hand

Joined: Feb 13, 2004
Posts: 243
I feel anything between n*1.5 to n * 2 should be fine...
soniya saxena
Ranch Hand

Joined: Nov 18, 2004
Posts: 300
Sachin & Vijay,

I am really surprised to hear that. I have close to 9 yrs of experience, so lets take 9 as an example. Assuming that I am a decent professional, are you saying that I should negotiate for 13.5 to 18 lakhs per annum in Mumbai. I think what u guys are saying is the formula for Bangalore, Hyderabad.

Please correct me if I am wrong. Curious to know if you work in Mumbai. Also, if I am wrong, can you please tell me which are the companies in Mumbai where I can negotiate that kind of pay.
Pradeep bhatt
Ranch Hand

Joined: Feb 27, 2002
Posts: 8919

Originally posted by Vijay Vaddem:
I feel anything between n*1.5 to n * 2 should be fine...


n*1.5 is EMC2 forumla.

Soniya,

Where are you now? In India or US?


Groovy
soniya saxena
Ranch Hand

Joined: Nov 18, 2004
Posts: 300
Whut is EMC2

I am still in the US

Originally posted by Pradeep Bhat:


n*1.5 is EMC2 forumla.

Soniya,

Where are you now? In India or US?
Pradeep bhatt
Ranch Hand

Joined: Feb 27, 2002
Posts: 8919

Originally posted by soniya saxena:
Whut is EMC2

I am still in the US



http://www.emc.com/
Vedhas Pitkar
Ranch Hand

Joined: Jan 27, 2001
Posts: 445
Originally posted by Pradeep Bhat:


http://www.emc.com/



Didnt get the joke/formula, Pradeep
Arjun Shastry
Ranch Hand

Joined: Mar 13, 2003
Posts: 1874
I think that company must be offering the salary according to that "formula",n*1.5*100000 Rs.How is the company Pradeep?
Pradeep bhatt
Ranch Hand

Joined: Feb 27, 2002
Posts: 8919

Originally posted by Vedhas Pitkar:



Didnt get the joke/formula, Pradeep


How can you call it a joke? I got the formula from the employee working in emc2.
[ February 10, 2005: Message edited by: Pradeep Bhat ]
Sachin Mehra
Ranch Hand

Joined: Jan 07, 2005
Posts: 77
I know people making more than 18 at 9 years of Exp in Delhi and Bangalore.

Not sure about salary in Mumbai.

Also depends on what kind of companies are you looking at and what is your profile.
soniya saxena
Ranch Hand

Joined: Nov 18, 2004
Posts: 300
I know people making more than 18 at 9 years of Exp in Delhi and Bangalore.
Not suprised abt that. I think Delhi, Noida, Pune, Bangalore, Hyderabad all pay much better than Mumbai.

Not sure about salary in Mumbai.
Can somebody from Mumbai help???

Also depends on what kind of companies are you looking at and what is your profile.
J2EE professional - 9 yrs experience
Pradeep bhatt
Ranch Hand

Joined: Feb 27, 2002
Posts: 8919

J2EE professional - 9 yrs experience


What role ?
soniya saxena
Ranch Hand

Joined: Nov 18, 2004
Posts: 300
Team Lead, Project Manager or the highest they can offer me
I will be asking for Project Manager.

Originally posted by Pradeep Bhat:


What role ?
soniya saxena
Ranch Hand

Joined: Nov 18, 2004
Posts: 300
Pradeep, EMC has locations in Delhi, Mumbai, Bangalore. Which location does ur friend work for?

Originally posted by Pradeep Bhat:


How can you call it a joke? I got the formula from the employee working in emc2.

[ February 10, 2005: Message edited by: Pradeep Bhat ]
Pradeep bhatt
Ranch Hand

Joined: Feb 27, 2002
Posts: 8919

Originally posted by soniya saxena:
Pradeep, EMC has locations in Delhi, Mumbai, Bangalore. Which location does ur friend work for?




He is not my friend. He works in Banaglore.
sagar patil
Greenhorn

Joined: Jan 04, 2002
Posts: 2
Does the EMC2 formula imply that every year one should expect a raise of 1.5L ... ?
A standard survey done by Hewitt Associates in Mumbai shows the raise percentage varies from 8-17% annually...!!!

Job-jumping then should be the key to get the 1.5-2.0*n figure....



When the going gets tough,<br />the TOUGH get going.....
Vijay Vaddem
Ranch Hand

Joined: Feb 13, 2004
Posts: 243
Job-jumping then should be the key to get the 1.5-2.0*n figure
 
Don't get me started about those stupid light bulbs.
 
subject: Salary formula in Mumbai