Salary expectations...Moving to India

[Sandeepan Ghosh]

Hi All,
I am currently interviewing for a job in Fidelity Investments in Delhi. I would be visiting India next month, and if all goes well I expect the salary negotiations to start then. Can anyone suggest the salary range that I can expect. Some earlier posts have had similar discussions but they were focussed on companies in Bangalore and some in Mumbai.

I have 8 years experience, last 6 of which are in the derivatives technology group of a major investment bank in NYC. I have a bachelors in Electrical engineering from IIT Kanpur and MS in computer science from Columbia University.

I would also appreciate if somebody can comment on the kind of work/pay in Goldman Sachs(Bangalore) and Morgan Stanley(Bombay){IT division in both} and how can one apply there. I could not find any email address that I could send my resume to on their respective websites.

Thanks a lot for your help,
Sandy

[Kj Reddy]

Hi, Fidelity Investments pays very well. With your experience you can expect minimum 15Lackhs per annum.

[Manish Hatwalne]

Originally posted by Jagdish Reddy:
Hi, Fidelity Investments pays very well. With your experience you can expect minimum 15Lackhs per annum.

15L/pa ???
Guess i's time to move to Delhi/Banglore...

- Manish
[ February 22, 2005: Message edited by: Manish Hatwalne ]

[Arjun Shastry]

Everybody here is not getting this much salary.Very few based on your skill set and whether its hottest in the market.If you have 3+ SAP experience,you can get 7 to 8 Lakhs/year.but with only 3+ C experience,then not more than 4.5 Lakhs/year.

[Manish Hatwalne]

Originally posted by Arjun Shastry:
Everybody here is not getting this much salary.Very few based on your skill set and whether its hottest in the market.If you have 3+ SAP experience,you can get 7 to 8 Lakhs/year.but with only 3+ C experience,then not more than 4.5 Lakhs/year.

I understand, how much would it be for 5+ years of real Java/J2EE/Struts experience and other mixed bag of experience (From WAP/J2ME to ASP and C and what not!!) and "I can clear most tech interviews/tests" sort of confidence?

rgds,
- Manish

[Manish Hatwalne]

BTW, I would be HAAAAAAAAAAAAAAPY with 10-12L/pa if it's a good company with good work (v v imp) and moderate workload. Is that sort of salary a norm there? Otherwise adding another 5/6 K/month and moving to another place with lots of additional expenses (food, accomodation etc) doesn't make sense to me.

- Manish

[Arjun Shastry]

IMO,Infy/Wipro and big companies could offer from 6.5 to 7.5 Lakhs/year.Medium sized companies could offer upto 8 lakhs.Its very difficult to predict even the range now a days as offshore shops can afford to give even more than this.One can't bargain with Infy type companies as they have fixed salary structure and also can attract the people countrywide.Medium sized companies specilized in the skills known to you are the ones one needs to target.
Welcome

[Manish Hatwalne]

Hmmmmm, don't think I a willing to wrk for wipro style of culture, not interested in Infy as well, thouh it's pretty good. Looking for sth midsize... with good work and informal work culture. Any reoommendations?

- Manish

[Arjun Shastry]

Many are there.I can't say how much "exciting" work they are doing as I don't know anybody working there.But I have seen them from outside.
1)Tavant Technologies(www.tavant.com).Very good company
2)Speedera Networks(Started recently)www.speedera.com
3)SysArris software(working in Genomics solutions)www.sysarris.com
4)www.storeperform.com(Retail System Software)
.....and there are many.
Pune too has many good startups,right?

[Manish Hatwalne]

Originally posted by Arjun Shastry:
Many are there.I can't say how much "exciting" work they are doing as I don't know anybody working there.But I have seen them from outside.
1)Tavant Technologies(www.tavant.com).Very good company
2)Speedera Networks(Started recently)www.speedera.com
3)SysArris software(working in Genomics solutions)www.sysarris.com
4)www.storeperform.com(Retail System Software)
.....and there are many.
Pune too has many good startups,right?

Yes, but salary level in Pune is much lower. Besides, I am not keen on startups, want sth mid-size (few hyndreds) but not big ones like wipro types.

And if Banglore is only going to offer around 6.5-7L, I might as well stay back and be hapy with what I have!!

- Manish

[Leena Diwan]

Manish, are you in Pune?

Im coming to Pune soon. What's the job market like? what do you think I can get for around 4 years (2 months short) experience?

Regards,
Leena

[Varun Khanna]

Im coming to Pune soon. What's the job market like? what do you think I can get for around 4 years (2 months short) experience?

A year back 4-5 lakhs was something you could have expected from players like infy,tcs,wipro,kanbay,cts etc.

Geometric was supposedly the best pay master. Not sure of current situation.

[Manish Hatwalne]

Originally posted by Leena Diwan:
Manish, are you in Pune?

Im coming to Pune soon. What's the job market like? what do you think I can get for around 4 years (2 months short) experience?

Regards,
Leena

Around 5.5 to 6 L p/a for 4 years exp should be OK. You can get more if you're lucky.

- Manish

[Varun Khanna]

Originally posted by Manish Hatwalne:


Around 5.5 to 6 L p/a for 4 years exp should be OK. You can get more if you're lucky.

- Manish

Can you share name of few companies paying this much?
Who all are the best pay masters now in pune.

Thanks,
[ February 22, 2005: Message edited by: K Varun ]

[Varun Khanna]

Originally posted by Sandeepan Ghosh:

I would also appreciate if somebody can comment on the kind of work/pay in Goldman Sachs(Bangalore) and Morgan Stanley(Bombay){IT division in both} and how can one apply there. I could not find any email address that I could send my resume to on their respective websites.

Thanks a lot for your help,
Sandy

I got a mail (long way back) from some consulting firm "Sampoorna" regarding Goldman Sachs recruitment.

[Manish Hatwalne]

Originally posted by K Varun:


Can you share name of few companies paying this much?
Who all are the best pay masters now in pune.

Thanks,

[ February 22, 2005: Message edited by: K Varun ]

All that you have mentioned above (though I wouldn't recommend any one of them) and add PSPL, Veritas (Best!), S1, IBM, Cybage, Geometric etc. I think any company these days will pay 5L+ for a 4 years exp. Triple Point is paying quite high I believe.

- Manish

[Kj Reddy]

Most of the companies decide your sal based on exp like (1.5 to 2)* Years of exp, and again it depends how you bargain.

[Manish Hatwalne]

Originally posted by Jagdish Reddy:
Most of the companies decide your sal based on exp like (1.5 to 2)* Years of exp, and again it depends how you bargain.

Isn't it more like Experience * (1.2 to 1.5), I think multiplying factor 2 seems exceptional & rare from all that ppl have discussed here. If 2*exp is a norm or slightly above average, then I am grossly underpaid!!!

- Manish

[Varun Khanna]

Originally posted by Manish Hatwalne:


All that you have mentioned above (though I wouldn't recommend any one of them) and add PSPL, Veritas (Best!), S1, IBM, Cybage, Geometric etc. I think any company these days will pay 5L+ for a 4 years exp. Triple Point is paying quite high I believe.

- Manish

Thanks,

[Kj Reddy]

Isn't it more like Experience * (1.2 to 1.5), I think multiplying factor 2 seems exceptional & rare from all that ppl have discussed here. If 2*exp is a norm or slightly above average, then I am grossly underpaid!!!
- Manish

Many companies in bangalore paying 2 times of Experience. And majority of MNCs paying min 1.5 times. For example if u have 4 years exp they are paying min Rs 6L per annum.

[Abhi Parashar]

Mind you dollar savings dont buy much in india nowadays.Real estate prices have gone through the roof.Cars and gas are more expensive.I was surprised to see the number of camry's,Accord's and even Merc's in my neighbourhood.

Be prepared for a reverse cultural shock of sorts.Indian workplaces are far more advanced than you would expect and work culture quite aggresive.

Make sure you negotiate your salary well.Companies are paying very well....
The organization that you are talking about pays very well and the numbers that you mentioned actually surprised me.

[Leena Diwan]

Thank you Manish and K Varun.

The thing is that I was out of India with my husband for one year. And I was not working in this period. I did try to get a job but got none where we are staying.

I did complete SCWCD and am soon appearing for SCBCD. So when I go back I will have these certifications. Earlier I was working on 2L/per annum only. It was a small company.

Will it be too much asking for 4 or 5L+? what is the minimum I should ask for and have chances to get?

Regards,
Leena

[Leena Diwan]

Originally posted by Manish Hatwalne:
good work (v v imp) and moderate workload

Where do you get that? And how to know it?

Regards,
Leena

[Shipra Verma]

want to revive this thread again . have the salary shot up in past one year . how much can one expect at 8 years in IT space with generic skills . is asking 15 lakh is still too much?

[Sachin Mehra]

I think Shipra it depends on the company. a small setup or good paymasters like google,Adobe could be ready to pay but i think Infy, Wipro, CTS, et al. would have some issues in paying such figures..