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CRED Vs Razorpay offer evaluation
I Received offers from Razorpay and CRED for a product role.
Razorpay: 50 LPA fixed + 45 Lakhs ESOPs.
CRED: 60 LPA fixed + 75 Lakhs ESOPs
What should I decide between CRED and Razorpay?
How are appraisals at Razorpay? What's the average hike percentage? Can we ask for more ESOPS during the appraisal before vesting the current ESOPs?
YOE: 6 Current Current CTC: 35 Fixed.
Razorpay software private limited Cred
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That seems super low with 4 years of experience and a CPA. You should be making at least 90k
Why are you still an associate? You should be a senior associate with a manager promotion coming up in the next year or two.
I left my prior firm 4 months before promotion (due to moving across the country for my husband’s job). Their policy was 3 years as an associate and then senior associate. Since I did not have the title this firm hired me as an associate. I do believe I’m on the cusp of promotion here (and I’ll be pushing for it given my experience).
I’d shoot for $80k
Any reason why you didn't come in as a senior given your years of experience? If you're up for promo, agree that 80k would be a good target.
Comp sucks. Dm me - time to move to ey.
You are pretty low on the comp scale. For reference, I just hired someone to our PE shop with 2 years of experience. He’s making 90K + 20% target bonus. What are your performance reviews like? You should probably just look for a new job since you should aim to be >100K after 5 years (at the very least).
I’ve had nothing but great feedback in all performance reviews. Given that my boss brought this to my attention and said he expected to have a conversation soon regarding me wanting to reevaluate compensation, I was given the impression it is lower than average - however, my first firm was in an area of lower cost of living and the pay increase seemed substantial, but I’m thinking I was a bit naive.
The firm should’ve brought you in as a senior and your boss realizes now that you’re a flight risk.
$67k is a first year staff salary.
$100k-$110k is where you should be.
For 4 yoe, $67k is low. You should be making $90k minimum. I hope your conversation goes well but be prepared to jump ship. It may be the only way to get a proper salary adjustment and promotion/title change.
Yea don’t be afraid to jump ship or at the very least show them a competing offer, they may match
say you want to be close to $100K. Land around $90K.
That seems low for someone with a CPA. Research salaries on various online forums like Glassdoor, Robert half, etc. and use it as leverage now. Once CRT is done, you’re too late.