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India Money

Prem Khan
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Joined: May 30, 2005
Posts: 189
I was wondering what the typical pay is in India. And can someone tell me the convertion from Lhaks or Rupies to Canadian dollars ?

Lets say typical means 2 years in J2EE
[ August 10, 2005: Message edited by: Shawn DeSarkar ]
Kj Reddy
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Joined: Sep 20, 2003
Posts: 1704
You can get approximately from Rs 250,000 to 400,000 per year. One Canadian dollar equals to 37 Indian rupees approximately. So you will get approximately 7K to 11K Canadian dollars per year with 2 years experience. There are companies where you can get more or less from above range.
ab parashar
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Joined: Mar 28, 2005
Posts: 130
1 lac/lakh = 100,000
1 CND = 36 INR

There is no such thing as standard salary.The Indian workplace is divided broadly into two sections

1. MNCs/Product devleopment companies like Adobe,Google,Yahoo,microsoft, Oracle

At Microsoft Freshers salaries can start at INR 700,000 per annum plus benefits and with every year you get huge increments.I have a friend in Adobe India who is making 15,00,000 plus US stock options(around 40,00,000) and other benefits like Medical and free lunch etc.so INR 15,00,000 == CND 42000 approx.Depending on your lifestyle you could easily save a lot.....

2. Indian companies like Infosys,Wipro.....

Freshers salaries start low (around 200,000) and dont move much ....someone with 5 years could be anywhere at
INR 500,000 to 800,000.However you could(very likely) be at client site where you would get a salary of about USD$60,000 p.a(and no salary in India) or you would get $3000 per month(tax free) plus Indian salary and benefits. Thats the reason why a lot of people leave product companies to join these companies since you get to stay in US/Europe and have job stablity and career growth at the same time.A lot of these projects extend into years.

Beyond 8 years your salary will be so high in India that it will make sense to be in India rather than any other part of the world.

3. Small companies/start-ups are paying like crazy and it stops making sense.....
ab parashar
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Joined: Mar 28, 2005
Posts: 130
BTW at one of my previous companies there were quite a few guys who were Canadian and OZ permanent residents.....
[ August 10, 2005: Message edited by: ab parashar ]
Prem Khan
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Joined: May 30, 2005
Posts: 189
Sounds like some seriously sweet deals
Ramesh Choudhary
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Joined: May 10, 2005
Posts: 200

At Microsoft Freshers salaries can start at INR 700,000 per annum plus benefits and with every year you get huge increments.I have a friend in Adobe India who is making 15,00,000 plus US stock options(around 40,00,000) and other benefits like Medical and free lunch etc.so INR 15,00,000 == CND 42000 approx.Depending on your lifestyle you could easily save a lot.....


These companies mostly take 'Intelligent' and 'gifted' students from our 'elite' universities. (Our Elite universities boast of their 'greatness' by number of students appearing for their entrance examination. Not by their research output(which is abysmal and pathetic anyway)).Any way this is an off topic.

Hi Mr.parashar do these companies hire experienced people from other companies, or do they prefer their existing employees?

[ August 10, 2005: Message edited by: Ramesh Choudhary ]
[ August 10, 2005: Message edited by: Ramesh Choudhary ]
Kj Reddy
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Joined: Sep 20, 2003
Posts: 1704
Originally posted by Ramesh Choudhary:


Hi Mr.parashar do these companies hire experienced people from other companies, or do they prefer their existing employees?



They do take experienced people from other companies. But if you are from reputed company your chances will be brighter. I have few friends who worked in IBM and joined in Microsoft. My other friends who used to work small companies got offers in Oracle, Adobe. They will filter only freshers due lot of competion.
[ August 10, 2005: Message edited by: Jagdish Reddy ]
Ramesh Choudhary
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Joined: May 10, 2005
Posts: 200

They do take experienced people from other companies. But if you are from reputed company your chances will be brighter. I have few friends who worked in IBM and joined in Microsoft. My other friends who used to work small companies got offers in Oracle, Adobe. They will filter only freshers due lot of competion.


Do they take from big three(Infosys, TCS, WIPRO ?)
Kj Reddy
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Joined: Sep 20, 2003
Posts: 1704
Originally posted by Ramesh Choudhary:


Do they take from big three(Infosys, TCS, WIPRO ?)


Yes they do take. But this three companies having projects with all major MNCs. So they should have some agreements not take their employees. For example Microsoft is having a big setup in Hyderabad. Many TCS,Hyde employees work in their Microsoft Hyd office. So Microsoft, TCS might have some understanding not take each of their employees. I seen this kind of agreement with many companies. If they dont have this kind of agreement they should take from Infosys, TCS, Wipro.
ab parashar
Ranch Hand

Joined: Mar 28, 2005
Posts: 130
Originally posted by Ramesh Choudhary:


These companies mostly take 'Intelligent' and 'gifted' students from our 'elite' universities. (Our Elite universities boast of their 'greatness' by number of students appearing for their entrance examination. Not by their research output(which is abysmal and pathetic anyway)).Any way this is an off topic.

Hi Mr.parashar do these companies hire experienced people from other companies, or do they prefer their existing employees?

[ August 10, 2005: Message edited by: Ramesh Choudhary ]

[ August 10, 2005: Message edited by: Ramesh Choudhary ]


This is the biggest myth that people in India have, that you need to be "rocket scientist" or some "noble" prize winner in order to apply for these jobs.There are people working in googleplex who are from non-CS background....They do take experienced people from other companies...how do you think they would survive....but of course ,its nowhere like Infy.,wipro hiring hundreds in a day.....

If you are a real good programmer,can program your way out in every language on your resume....if you know algorithms,data structures etc.,you are already half-way there...

Another myth is that you need to be from a brand name to get into this biggies....you dont....there are number of Indians in the US(in these big names) who worked with smaller shops....

I will shut up here.While those interested should go ahead and do, what they should do rather than discuss it....
[ August 11, 2005: Message edited by: ab parashar ]
ab parashar
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Joined: Mar 28, 2005
Posts: 130
http://www.siliconindia.com/shownewsdata.asp?newsno=29082
Ramesh Choudhary
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Joined: May 10, 2005
Posts: 200

Another myth is that you need to be from a brand name to get into this biggies....you dont....there are number of Indians in the US(in these big names) who worked with smaller shops....

Hi Mr.Ab Parashar, I have no idea of your profile, I am not sure whether any one on this board is from one of those Indian universities(that i mentioned above).

The fact of matter is that Graduating University matters in India. If you are from a private engineering college(or a non 'elite' college), and if you apply to those companies your resume goes straight in to the dust bin. They NEVER take any other credentials into account. A person from those 'elite' univ's is hored by those biggies even if he is an ordinary person. It is unfortunate that you failed to touch on that point.


If you are a real good programmer,can program your way out in every language on your resume....if you know algorithms,data structures etc.,you are already half-way there...


No. First of all those HR heads are dumbly trained to see the column of University. If they see a non-'elite' university they are more likely to dump the resume. They never see any thing beyond that(Even if you specialize in Master's from their area of work)(Iam talking of freshers).


how do you think they would survive....but of course ,its nowhere like Infy.,wipro hiring hundreds in a day.....

They may act like sweatshop's, but they are the companies that have
shown that many things can be done in India other than making snakes and Elephants dance. It is very unfortunate that they are flamed just for creating jobs.

I will shut up here.While those interested should go ahead and do, what they should do rather than discuss it....

Well said. If you are the one from one of those elite univ's, it is very likely that you wouldn't have faced such rejection on basis of university alone.



If I were a North American or European Citizen, I would refrain from coming here.
[ August 11, 2005: Message edited by: Ramesh Choudhary ]
Kj Reddy
Ranch Hand

Joined: Sep 20, 2003
Posts: 1704
Originally posted by Ramesh Choudhary:

The fact of matter is that Graduating University matters in India. If you are from a private engineering college(or a non 'elite' college), and if you apply to those companies your resume goes straight in to the dust bin. They NEVER take any other credentials into account. A person from those 'elite' univ's is hored by those biggies even if he is an ordinary person. It is unfortunate that you failed to touch on that point.

No. First of all those HR heads are dumbly trained to see the column of University. If they see a non-'elite' university they are more likely to dump the resume. They never see any thing beyond that(Even if you specialize in Master's from their area of work)(Iam talking of freshers).



Ramesh once you gain experience it doesnt matter much from which college you passed out, how much % you scored. My profile is one of those example. I passed out from a private engineering college in mechnaical engineering. I never faced any problem getting interviews. I got offer from some of elite companies who are into Java related technologies. But I did struggled lot when I am fresher to get first job.
ab parashar
Ranch Hand

Joined: Mar 28, 2005
Posts: 130
If thats the case how come I actually know people who are working into these big companies without being BE or CS graduates....leave aside the question of being from premium universities, some of them were actually rejected by Infosys....citing low grades....that should mean that all techies in Infosys should be engineers with certain grades ...but guess what ...thats not true.

You are right that you have no idea regarding my profile :-), but there are other ways of getting in front of the hiring managers than sending your resume via emails.


There is something called a walk-in interview, that Microsoft regularly conducts.... one doesnt have to be even a CS grad to appear in those....people having backgrounds like MBA-finance can go in and write code.....

This can very easily turn into a discussion going nowhere, if I was to say that it worked for some and you say it didnt work for you.....
Sharma Anjali
Ranch Hand

Joined: Feb 22, 2005
Posts: 63
Originally posted by Jagdish Reddy:


Ramesh once you gain experience it doesnt matter much from which college you passed out, how much % you scored. My profile is one of those example. I passed out from a private engineering college in mechnaical engineering. I never faced any problem getting interviews. I got offer from some of elite companies who are into Java related technologies. But I did struggled lot when I am fresher to get first job.


Very true. As a fresher problems are definetely there and plenty of them unless you are recruited from campus. And even if you manage to get into some company through offcampus recruitment the salary will be much lower than those selected from campus.
But after you have a few years of experience college and marks don't matter much. May be Infosys will want you to have more than X% marks throughout but most of them will not care for experienced people.
Kj Reddy
Ranch Hand

Joined: Sep 20, 2003
Posts: 1704
Originally posted by Ramesh Choudhary:

No. First of all those HR heads are dumbly trained


Yes you will that kind of HR. So for them you need highlight your positives(like your expeirience, technologies etc.,) and dont show your negativies or show your negatives as positives. Then your resume will be automatically shortlisted.

In some companies the HR will ask you that you know this and that. Many times they do expect "yes" as answer to every question. Ex: You Know EJB, J2EE etc.,
Arjunkumar Shastry
Ranch Hand

Joined: Feb 28, 2005
Posts: 986
{
The fact of matter is that Graduating University matters in India. If you are from a private engineering college(or a non 'elite' college), and if you apply to those companies your resume goes straight in to the dust bin. They NEVER take any other credentials into account. A person from those 'elite' univ's is hored by those biggies even if he is an ordinary person. It is unfortunate that you failed to touch on that point
}
It mattered for many years and today also it matters in non IT field and to some extent in IT field.The big discriminating employer here is Govt of India.As number of IT shops have increased exponentially compared to say ten years back,companies are left with no option but to go to 'second rung' colleges/universities.Sometime back(till 1990) TCS used to hire escpeially from RECs/IITs.TCS even used to hire MTechs in aeronautics/transaporation as database Admin,xyz product specialist.It was later they started hiring from private engineering colleges as many foreign companies opened the shops here.
[ August 11, 2005: Message edited by: Arjunkumar Shastry ]

Namma Suvarna Karnataka
Kj Reddy
Ranch Hand

Joined: Sep 20, 2003
Posts: 1704
Originally posted by Arjunkumar Shastry:
TCS used to hire escpeially from RECs/IITs.TCS even used to hire MTechs in aeronautics/transaporation as database Admin,xyz product specialist.
[ August 11, 2005: Message edited by: Arjunkumar Shastry ]


I guess TCS still have this discrimination in decidiing the salaries. They do pay differently for different colleges.
Manish Hatwalne
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Joined: Sep 22, 2001
Posts: 2581

Originally posted by Jagdish Reddy:


I guess TCS still have this discrimination in decidiing the salaries. They do pay differently for different colleges.


Yeah, even L&T did that earler that before. Not sure if they do it now. In my books that's a bad policy -- a guranteed way to indroduce frustration in employees. I'd rather pay more based on "what you are doing today, your current performance" as opposed to "what you've done in past". As a fresher I do understand it upto an extent, but afterwards it gets annoying.

Consider we join at the same time, at the same position -- my sal is 15K and other person's based on his XYZ reputation is 18 K; we both perform for 6 mths and at the end of it we both receive appraisal rating 4, based on that say hike is 20% -- so I get 18K and the other person gets 21.6K for same performance -- does that make sense??? This has happened with one of my close frnds (in fact other guy's rating was also lower, but he continued to get paid more)...because B.Tech. from REC was ranked higher than BE from another univ, whereas everybody could see that this guy was a much better performer & had more caliber.

Once you're in, only your performance should be rewarded -- and it's HR's responsibility that they have fair policies to make ppl feel that way.

- Manish
 
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