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My Pay Packet

 
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I have 10.5 yrs of IT experience and my pay packet is 15L (all fixed) in Mumbai. I consider this to be a good pay. Am I on the right track? Please do not bring Bangalore or Hyderabad into picture. I am talking specifically about Mumbai.
 
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how much is 15L in USD?
and for how much time is it? a week, 2 weeks, a month?
 
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15L would be $34,891.84 if I haven't slipped my decimals. 1 lakh is 100,000 rupees. I would presume that's annual salary or I'm emigrating to Mumbai right now.

And unless things have changed radically in the last few months, that sounds like extremely good pay for India. Although the last quote I heard was to expect about 1.5L per year of experience, I thought it more or less peaked befoe the 10-year point.

Anyone local care to comment?
 
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Anoushka, what I feel is you shouldn't have posted this question when you feel that your pay package is good.

Coming to your question, whether 15LPA is good depends on many factors.

1. What is your current responsibility, designation ?
2. You are into services or product ?
3. On which technology you are working ?
4. So your CTC is 15LPA ? (or are there any Variable components that go as CTC)
 
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I think the package is good for Pune/Mumbai - with role as a senior manager or delivery head - this could be around 18LPA to 20 LPA as well.

Banglore - well, that's another story!

- Manish
 
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Originally posted by Tim Holloway:
15L would be $34,891.84 if I haven't slipped my decimals. 1 lakh is 100,000 rupees. I would presume that's annual salary or I'm emigrating to Mumbai right now.

And unless things have changed radically in the last few months, that sounds like extremely good pay for India. Although the last quote I heard was to expect about 1.5L per year of experience, I thought it more or less peaked befoe the 10-year point.

Anyone local care to comment?



Wow ! That is pretty accurate.
 
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Many people have said that I give a very bad (dull is more appropriate) reply to this kind of questions.

Salary is something which completely depends on you. Many people are happy getting 10 l/pa and having more experience than you.But there are many things one has to think apart from salary.Like far would be your near and dear ones , how comfortable are you in that place.

If you are from Bombay and its a good salary in bombay , so it would not be wise to shift to bangalore just for 2 lacks more in pay packet.
 
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Originally posted by Tim Holloway:
15L would be $34,891.84 if I haven't slipped my decimals. 1 lakh is 100,000 rupees. I would presume that's annual salary or I'm emigrating to Mumbai right now.

And unless things have changed radically in the last few months, that sounds like extremely good pay for India. Although the last quote I heard was to expect about 1.5L per year of experience, I thought it more or less peaked befoe the 10-year point.

Anyone local care to comment?



wow $35K sounds low for someone with 10 years exp. So what happens when an indian comes to america and makes $90K and sends half of it home. Must be BALLIN over there.
 
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1. What is your current responsibility, designation ?
Project Manager

2. You are into services or product ?
Services

3. On which technology you are working ?
J2EE

4. So your CTC is 15LPA ? (or are there any Variable components that go as CTC)
No variable component.
 
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Many people have said that I give a very bad (dull is more appropriate) reply to this kind of questions.
You are right, your reply sucks.

Salary is something which completely depends on you. Many people are happy getting 10 l/pa and having more experience than you.But there are many things one has to think apart from salary.Like far would be your near and dear ones , how comfortable are you in that place.
I am speaking about industry standards and not about happiness and comfort. And some person with more experience and less salary being happy has no impact whatsoever on anything that matters.

If you are from Bombay and its a good salary in bombay , so it would not be wise to shift to bangalore just for 2 lacks more in pay packet.
I am from Bombay. And who mentioned about shifting?
 
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Originally posted by Jay Dilla:


wow $35K sounds low for someone with 10 years exp. So what happens when an indian comes to america and makes $90K and sends half of it home. Must be BALLIN over there.



$35k or half of $90k, either way it BALLS over here
 
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15 LPA for a Project Manager (in Service sector) is good pay in any part of India.

Given your experience of 10.5 years, I feel, you deserve a higher position than Project Manager.

As someone already said, you can aim at Senior Manager/Delivery Manager and pay package between 18-22 LPA though I'm not sure whether aiming for Head of a vertical would be practical.
 
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15 LPA is good package.
How many companies your have switched in 10.5 Years ?
What is your current level in your organization ?
Like Sr Architect or Program Manager , that also matters in deciding the Package.
 
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15 LPA for a Project Manager



Its a very good package for PM for Mumbai untill unless you are playing indirect role of group manager.

And yup it is as per industry standard, people from Blore and Pune also must have same range with top tier companies.
 
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hey !Anoushka
15lakh for 10.5 experiance is really a very bad pay my hubby has 8.5 years of experiance he is getting 21lakh any way you can ask for 20 lakh.
Regards,
swapna
 
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Originally posted by swapna roa:
hey !Anoushka
15lakh for 10.5 experiance is really a very bad pay my hubby has 8.5 years of experiance he is getting 21lakh any way you can ask for 20 lakh.
Regards,
swapna



Wow - thats some salary for that experience! suddenly makes me feel grossly underpaid having 3/4th of that experience but only 1/4th of that salary.
 
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Originally posted by Anoushka Sharma:
I have 10.5 yrs of IT experience and my pay packet is 15L (all fixed) in Mumbai. I consider this to be a good pay. Am I on the right track? Please do not bring Bangalore or Hyderabad into picture. I am talking specifically about Mumbai.



Your question has answer in itself.
 
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Originally posted by Anoushka Sharma:
I have 10.5 yrs of IT experience and my pay packet is 15L (all fixed) in Mumbai. I consider this to be a good pay. Am I on the right track? Please do not bring Bangalore or Hyderabad into picture. I am talking specifically about Mumbai.



My CEO has got 15yrs of exp and makes 50+LPA...is he on his track?
Well i will not agree if he says that he is on track, cause his peers in the industry earns much more that.

My project managers makes 12LPA with 11+ years of exp..is he on the right track? No/yes again if you ask me...his peers in the industry gets more than that in some organisation and gets very low in some org

My exp is 4+ and i get 7LPA...Am i in right track...who knows ???

Bottom line...don't scale your growth just with money...its more than that
 
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15 lakh sounds decent in a city like mumbai . 1-2 lakh extra don't make any difference if you take factors like taxes and stuff . If you are happy with the job you should take it .
 
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My CEO has got 15yrs of exp and makes 50+LPA...is he on his track?
Well i will not agree if he says that he is on track, cause his peers in the industry earns much more that.

My project managers makes 12LPA with 11+ years of exp..is he on the right track? No/yes again if you ask me...his peers in the industry gets more than that in some organisation and gets very low in some org

My exp is 4+ and i get 7LPA...Am i in right track...who knows ???

Bottom line...don't scale your growth just with money...its more than that



Well Said Vasu. In 1988 after 7 years of running company, Infosys with 6 or 7(not sure) partners went to financial crunch and even one of them to decided to quit, and that time none of them have car or good home compare to their educational mates.
 
Anoushka Sharma
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Whooops! I dont know what to say

Originally posted by swapna roa:
hey !Anoushka
15lakh for 10.5 experiance is really a very bad pay my hubby has 8.5 years of experiance he is getting 21lakh any way you can ask for 20 lakh.
Regards,
swapna

 
Anoushka Sharma
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My dear friend Chetan, the answer in the question is what i feel. And the intent is to get to know what others feel so that i can validate my thoughts.



Originally posted by Chetan Parekh:


Your question has answer in itself.

 
Anoushka Sharma
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Why do people try to read more and make a mountain out of a mole-like question. Whoever spoke about scaling growth with money and all blah-blah. Mine was just a humble question to check if my pay is within a little bit +/- of the industry standard; and this is a desire that most people have. It doesnt make sense to speak about extremes like 15 yr old CEO making 50L and you feeling he is not at par. What you earn from your job is one of the many important aspects in life and I just wanted to check with people in the same profession if I am close to the industry mark. If 10 people had told me like swapna rao that I am getting a very bad pay and that I should have been making 21L 2 years back, then I would have had to recheck myself and do a course correction. But now since majority of the people agree that I have a decent pay for my experience in a city like Mumbai, I am happy and my question has very well been answered.



Vasu MuraliKrishnan says:



Bottom line...don't scale your growth just with money...its more than that
[ April 16, 2007: Message edited by: Anoushka Sharma ]
 
Manish Hatwalne
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Originally posted by swapna roa:
hey !Anoushka
15lakh for 10.5 experiance is really a very bad pay my hubby has 8.5 years of experiance he is getting 21lakh any way you can ask for 20 lakh.
Regards,
swapna



WOW!!! And may I know where (city, not company) is he getting that much and which role is it???

- manish
 
Manish Hatwalne
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Originally posted by Anoushka Sharma:
Why do people try to read more and make a mountain out of a mole-like question. Whoever spoke about scaling growth with money and all blah-blah. Mine was just a humble question to check if my pay is within a little bit +/- of the industry standard; and this is a desire that most people have. It doesnt make sense to speak about extremes like 15 yr old CEO making 50L and you feeling he is not at par. What you earn from your job is one of the many important aspects in life and I just wanted to check with people in the same profession if I am close to the industry mark. If 10 people had told me like swapna rao that I am getting a very bad pay and that I should have been making 21L 2 years back, then I would have had to recheck myself and do a course correction. But now since majority of the people agree that I have a decent pay for my experience in a city like Mumbai, I am happy and my question has very well been answered.



[ April 16, 2007: Message edited by: Anoushka Sharma ]



You're right!!! You had a very valid question and I think one should validate his own perception with industry peers whnever needed. I think you can raise your pay upto 18 LPA in next revision depnding on your role. As a PM or higher, the payment range is much higher. I know a Sr. pre-sales manager with 10 years expereince raking in almost 30 LPA and with coding incliation I might not make as much as that when I have 10 years experience.

- Manish
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