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Posting as :
works at
You are currently posting as works at

Not sure about bonus, but there should be a variable part in your CTC , which is 15% of your CTC.
People usually get 100% or more of that.

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What does L6 mean in terms of designation? Also what are L5 and L7? I'm trying to understand if it goes from 1 to 7 or reverse at Mastercards?

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L7 is Senior Software Engineer. L6 is Lead Software Engineer or Manager. L5 is Principal Software Engineer or Director

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Thanks for the info guys!

Can you also let me know about
1)The work culture
2)Average hike in recent years ?
3)wfh/wfo policies

I am planning to switch from Deutsche to Mastercard

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Mastercard 1 , is this bonus different from variable pay of CTC ? Or do you mean that there are different %of ctc at different level like 5% at L9-L8, 10% at L7, 15% at L6 , 20% at L5 etc ? And since this variable payout is usually more than 100% , infact upto 250% and if we take average as 150% then it become 20-25% of ctc at even L6 level?
For eg - at L6 assume my ctc is 10 LPA , so on paper my bonus/variable is 1.5 L (15% 0f ctc ), but usually i get 2 L ( 150% of 1.5 L ) so my bonus/variable becomes 20% of my ctc ?

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How is the work culture in the Pune office ?

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For an average/ default rating, should be around 20-25 percent

I'm talking about India. For L6, 20-25 percent as bonus is pretty standard. For L9, yes it's 5 percent. That's how comp structures are here

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Hi can you message me @Author. I m planning to switch from DWS as well.

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Hi All,
I will be joining MasterCard in the next two weeks, and my BGV application is still pending.
Is there any idea how long it will take to complete BGV, and will there be any consequences if BGV is not completed before joining date?

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Should i be worried?

Hi Fishes
I want to share very bad experience I had at
Mastercard
I was given offer by Mastercard in month of Dec The hike was less but looking at brand & other perks I accepted the offer & was looking forward to joining them.I got few offers & I went back to them for sole purpose of renegotiating CTC, to have a industry standard hike. They didn't reverted back for 2-3 days & just dropped a mail that they are revoking initial offer as well on grounds that they didn't like i gave other interview

likehelpful

What is salary range/band of L7 Engineer profiles i.e. Sr Software Engineer, in MasterCard India ?

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Is relocating to Pune mandatory? Do they allow to work from Mumbai office?

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And what is general experience criteria for L6

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Currently interviewing with Mastercard data and services for the consultant role.
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Thanks!

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