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pay masters

ankur rathi
Ranch Hand

Joined: Oct 11, 2004
Posts: 3830
Which company can be called pay masters???

I think, one that pays following salary:

for 1 year experienced person - 3 LPA
for 2 year experienced person - 5 LPA
for 3 year experienced person - 6.5 LPA
for 4 year experienced person - 7.5 - 8 LPA
for 5 year experienced person - 8.5 - 9 LPA

What you say??

Shaan Shar
Ranch Hand

Joined: Dec 27, 2005
Posts: 1249

I totally Agreed with you.


Good Job Rathi Ji.

S Venkatesh
Ranch Hand

Joined: Jun 27, 2005
Posts: 464

I think it needs a small correction

for 1 year experienced person - around 4 LPA
for 2 year experienced person - around 6 LPA
for 3 year experienced person - around 7 LPA
for 4 year experienced person - around 8 LPA
for 5 year experienced person - around 9 LPA
for 6 year experienced person - 9 - 13 LPA


This is with respect to some info i clould gather from my friends
Abhijit Kumar
Ranch Hand

Joined: Sep 28, 2005
Posts: 225
I agree with the second version more... Freshers are offered 3 LPA, so 1 year guy should be placed a bit higher.

AK
ambar patil
Ranch Hand

Joined: Nov 29, 2005
Posts: 226
Originally posted by Venkatesh Sai:
I think it needs a small correction

for 1 year experienced person - around 4 LPA
{
for 2 year experienced person - around 6 LPA
for 3 year experienced person - around 7 LPA
for 4 year experienced person - around 8 LPA
}may be Exceptional for Pune.very rare?Isnt it?

for 5 year experienced person - around 9 LPA
for 6 year experienced person - 9 - 13 LPA


This is with respect to some info i clould gather from my friends
S Venkatesh
Ranch Hand

Joined: Jun 27, 2005
Posts: 464

why exceptional for pune?
Rambo Prasad
Ranch Hand

Joined: Feb 23, 2006
Posts: 628
I was recruited as a fresher for 4.75 lakh/annum but when I look at other real pay master companies this doesnt look significant...My class mates in Intel after 10 months have got a hike of 20% and their current ctc is 7 lakh...

So real pay master companies are one which pays

Fresher - minimum 5.5
1-yr = 7
2-yr-9
3 yr =11 lakh

>5yr 18 lakh...


Helping hands are much better than the praying lips
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Originally posted by Rambo Prasad:
I was recruited as a fresher for 4.75 lakh/annum but when I look at other real pay master companies this doesnt look significant...My class mates in Intel after 10 months have got a hike of 20% and their current ctc is 7 lakh...

So real pay master companies are one which pays

Fresher - minimum 5.5
1-yr = 7
2-yr-9
3 yr =11 lakh

>5yr 18 lakh...


Well, I think it all depends on your perception and how much you're drawing -- to me 5 LPA for a fresher looks like ridiculously high!! 2 Yrs -- 9 LPA??? Don't know what to say...

- Manish
ankur rathi
Ranch Hand

Joined: Oct 11, 2004
Posts: 3830
Originally posted by Rambo Prasad:
I was recruited as a fresher for 4.75 lakh/annum but when I look at other real pay master companies this doesnt look significant...My class mates in Intel after 10 months have got a hike of 20% and their current ctc is 7 lakh...

So real pay master companies are one which pays

Fresher - minimum 5.5
1-yr = 7
2-yr-9
3 yr =11 lakh

>5yr 18 lakh...


And 18 Lakhs for 5 years... Umeed se Dugna double from expectation.
Rubens Gomes
Greenhorn

Joined: Apr 26, 2005
Posts: 22
Sorry, I keep seeing LPA on this site. Can someone please let me know what LPA means? What does it stand for? Is that salary per year or per month? Is that the Indian currency? How much does that map to US dollars (US $) nowadays?

Thanks.


Rubens Gomes<br />SCJP 1.4 (96%)<br /><a href="http://www.rubens-gomes.com" target="_blank" rel="nofollow">www.rubens-gomes.com</a>
Praful Thakare
Ranch Hand

Joined: Feb 10, 2001
Posts: 635
>5yr 18 lakh...


its almost 3 times then avg company..which company pays that much?

-P


All desirable things in life are either illegal, banned, expensive or married to someone else !!!
Rambo Prasad
Ranch Hand

Joined: Feb 23, 2006
Posts: 628
Trilogy for sure pay this (100% sure)...
Google too pay this much...
Rambo Prasad
Ranch Hand

Joined: Feb 23, 2006
Posts: 628
Sorry, I keep seeing LPA on this site. Can someone please let me know what LPA means? What does it stand for? Is that salary per year or per month? Is that the Indian currency? How much does that map to US dollars (US $) nowadays?

Thanks.


Rubens,

LPA means lahks per annum..(1 US dollar =45 Indian rupees(approximately)
So 3 lakh/annum = 6650 dollars/annum(doesn't it sound like a pittance to Americans )
Rubens Gomes
Greenhorn

Joined: Apr 26, 2005
Posts: 22
What is the relationship between LPA and rupees?
Kj Reddy
Ranch Hand

Joined: Sep 20, 2003
Posts: 1704
Originally posted by Rubens Gomes:
What is the relationship between LPA and rupees?


LPA stands - lackhs per annum. Its just became a common abbrevation in India.

For example: 3LPA stands for 3 lackhs per annum(Indian rupees).

1 Lackh = 100,000
S Venkatesh
Ranch Hand

Joined: Jun 27, 2005
Posts: 464

Originally posted by Rambo Prasad:
I was recruited as a fresher for 4.75 lakh/annum but when I look at other real pay master companies this doesnt look significant...My class mates in Intel after 10 months have got a hike of 20% and their current ctc is 7 lakh...

So real pay master companies are one which pays

Fresher - minimum 5.5
1-yr = 7
2-yr-9
3 yr =11 lakh

>5yr 18 lakh...


are you sure about the above statistics?
Mohan Karthick
Ranch Hand

Joined: Apr 11, 2005
Posts: 199
Rambo Prasad
Ranch Hand

Joined: Feb 23, 2006
Posts: 628
Yes I am sure the Intel guys I am speaking about are my classmates....after the hike their take home is 40-42k/month...
Reghu Ram Thanumalayan
Ranch Hand

Joined: Oct 21, 2003
Posts: 193
Originally posted by Venkatesh Sai:
I think it needs a small correction

for 1 year experienced person - around 4 LPA
for 2 year experienced person - around 6 LPA
for 3 year experienced person - around 7 LPA
for 4 year experienced person - around 8 LPA
for 5 year experienced person - around 9 LPA
for 6 year experienced person - 9 - 13 LPA


This is with respect to some info i clould gather from my friends


I think this is reasonable enough to fit in a majority of pay masters.


So real pay master companies are one which pays

Fresher - minimum 5.5
1-yr = 7
2-yr-9
3 yr =11 lakh

>5yr 18 lakh...


This stat might be applicable only for very few companies like Google, Trilogy, DeShaw etc, which again depends on the candidates background and degree (premier institutes like IIT, BTech or Mtech fresher). One thing which i would like to know is the percentage of hikes which is offered to these guys with initial fresher packages like 6 LPA.


Cheers,<br />Reghu Ram T<br /> <br />SCJP 1.4 - 98 %, SCBCD 1.3 - 94 %, SCMAD 1.0 - 92 %
S Venkatesh
Ranch Hand

Joined: Jun 27, 2005
Posts: 464

I agree with you. Only students from premier institutes like IIT get this type of salaries and only a few companies offer them.
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

I agree with Reghu Ram T - what he suggests more sensible.

- Manish
Reghu Ram Thanumalayan
Ranch Hand

Joined: Oct 21, 2003
Posts: 193
Originally posted by Rambo Prasad:
I was recruited as a fresher for 4.75 lakh/annum but when I look at other real pay master companies this doesnt look significant


Are you a BTech or MTech grad ?

For an MTech fresher, this salary is pretty less and for BTech fresher, this is pretty good salary.
[ April 21, 2006: Message edited by: Reghu Ram T ]
Pradeep bhatt
Ranch Hand

Joined: Feb 27, 2002
Posts: 8919

Are these salaries for product dev co. Looks like i am really underpaid.


Groovy
Sunil Kumar Gupta
Ranch Hand

Joined: Aug 26, 2005
Posts: 824
Look at the percentage of engineers who are getting these high packages. I think will be too less.

What you guys think. What would be the percentage of Software Engineer's getting this much of salary ?



Lack of will power has caused more failure than lack of intelligence or ability.
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Rambo Prasad
Ranch Hand

Joined: Feb 23, 2006
Posts: 628
Reghu,
I am an MTech grad thats why I think I am underpaid...
Karu Raj
Ranch Hand

Joined: Aug 31, 2005
Posts: 479
i dont believe all this

as i am paid only 2.5 with 2+ exp in Satyam
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Originally posted by Karthik Rajashekaran:
i dont believe all this

as i am paid only 2.5 with 2+ exp in Satyam


Exactly!! That's what majority of us get or used to get. However, these days with 2 years expereince you can get 3.5 to 5 easily. Pay masters are well... pay masters!!

- Manish
S Venkatesh
Ranch Hand

Joined: Jun 27, 2005
Posts: 464

Originally posted by Karthik Rajashekaran:
i dont believe all this

as i am paid only 2.5 with 2+ exp in Satyam


It also depends on the nature of work you do.
Rajasekar Elango
Ranch Hand

Joined: Sep 13, 2004
Posts: 105

It also depends on the nature of work you do.


True. Rambo's stats are also right. My class mate (CSE from Anna University, Chennai) is in google and paid 17 LPA for 3.5 yrs exp. He is very very talented and I feel he is worthy for that. He even told me that many of his collegues are PHDs from top universities aboard and its difficult to compete with them.

They take ppl from only premier institutes and interview/work will be very very tough..

Usually such talented ppl. do MS/PHDs aboard and get placed with great salaries there, Now its good that if you are really talented you can earn the same in india.

Rambo,

You are from which college..?

Thanks,
Raja
[ April 21, 2006: Message edited by: Rajasekar Elango ]

SCJP 1.4
Pradeep bhatt
Ranch Hand

Joined: Feb 27, 2002
Posts: 8919

Originally posted by Venkatesh Sai:


It also depends on the nature of work you do.


What kind of work do you do ?
S Venkatesh
Ranch Hand

Joined: Jun 27, 2005
Posts: 464

Originally posted by Pradip Bhat:


What kind of work do you do ?


I am in J2EE development. Hey the statistics i mentioned is what it is normally paid in the industry on an average to the best of my knowledge :roll: :roll:
Pradeep bhatt
Ranch Hand

Joined: Feb 27, 2002
Posts: 8919

Originally posted by Venkatesh Sai:


I am in J2EE development. Hey the statistics i mentioned is what it is normally paid in the industry on an average to the best of my knowledge :roll: :roll:


Everyone is into J2EE development. Would like to know companies which pay so much.
S Venkatesh
Ranch Hand

Joined: Jun 27, 2005
Posts: 464

http://www.coderanch.com/t/30670/Jobs/careers/Different-categories-paymasters

Refer to this link
Karu Raj
Ranch Hand

Joined: Aug 31, 2005
Posts: 479
hi prathib
what do you mean by nature of work ? is it mean that people working on java will be paid more and those working on testing are paid less

right ???
S Venkatesh
Ranch Hand

Joined: Jun 27, 2005
Posts: 464

Originally posted by Karthik Rajashekaran:
hi prathib
what do you mean by nature of work ? is it mean that people working on java will be paid more and those working on testing are paid less

right ???


sometimes may be true. In our company that is true. Testing guys are paid less
Rajesh K Singh
Ranch Hand

Joined: Apr 22, 2006
Posts: 38
Very less people get such packages, you can count those people on fingers
while it is possible to get such packages in b'lore , it is next to impossible to get such hefty packages in Pune ,Mumbai, Noida etc

the figure for pune will be approximately like this

for 1 year experienced person - around 2.5 to 3 LPA
for 2 year experienced person - around 3 to 4 LPA
for 3 year experienced person - around 4 to 5 LPA
for 4 year experienced person - around 5 to 8 LPA
for 5 year experienced person - around 5 to 8 LPA
for 6 year experienced person - 6 - 11 LPA
S Venkatesh
Ranch Hand

Joined: Jun 27, 2005
Posts: 464

Originally posted by Rajesh K Singh:
Very less people get such packages, you can count those people on fingers
while it is possible to get such packages in b'lore , it is next to impossible to get such hefty packages in Pune ,Mumbai, Noida etc

the figure for pune will be approximately like this

for 1 year experienced person - around 2.5 to 3 LPA
for 2 year experienced person - around 3 to 4 LPA
for 3 year experienced person - around 4 to 5 LPA
for 4 year experienced person - around 5 to 8 LPA
for 5 year experienced person - around 5 to 8 LPA
for 6 year experienced person - 6 - 11 LPA


Quite surprizing!! i am really shocked!!
Anjali S Sharma
Ranch Hand

Joined: Jun 29, 2005
Posts: 279
Originally posted by Rajesh K Singh:
Very less people get such packages, you can count those people on fingers
while it is possible to get such packages in b'lore , it is next to impossible to get such hefty packages in Pune ,Mumbai, Noida etc

the figure for pune will be approximately like this

for 1 year experienced person - around 2.5 to 3 LPA
for 2 year experienced person - around 3 to 4 LPA
for 3 year experienced person - around 4 to 5 LPA
for 4 year experienced person - around 5 to 8 LPA
for 5 year experienced person - around 5 to 8 LPA
for 6 year experienced person - 6 - 11 LPA


This looks the most appropriate. Infact my company(HCL) would pay slightly less that this. With 3 years of experience in J2EE you'd get around 3.8LPA here.
S Venkatesh
Ranch Hand

Joined: Jun 27, 2005
Posts: 464

Originally posted by Anjali S Sharma:


This looks the most appropriate. Infact my company(HCL) would pay slightly less that this. With 3 years of experience in J2EE you'd get around 3.8LPA here.


I think thats too less. Even very small startup companies pays 5-6LPA for 3 years experienced. If you want to know some of them i can post it.
Sunil Kumar Gupta
Ranch Hand

Joined: Aug 26, 2005
Posts: 824
Originally posted by Rajesh K Singh:
Very less people get such packages, you can count those people on fingers
while it is possible to get such packages in b'lore , it is next to impossible to get such hefty packages in Pune ,Mumbai, Noida etc

the figure for pune will be approximately like this

for 1 year experienced person - around 2.5 to 3 LPA
for 2 year experienced person - around 3 to 4 LPA
for 3 year experienced person - around 4 to 5 LPA
for 4 year experienced person - around 5 to 8 LPA
for 5 year experienced person - around 5 to 8 LPA
for 6 year experienced person - 6 - 11 LPA


It's the real statistics. Most of the software developers today get the salary mentioned in this chart
 
I agree. Here's the link: http://aspose.com/file-tools
 
subject: pay masters