{ "media_type": "text", "post_content": "Hello Folks, does getting a CTC of 13 LPA for a 9 years experienced in IT industry is highly underpaid?", "post_id": "61e9d7db98ec6800343bc38a", "reply_count": 16, "vote_count": 1, "bowl_id": "60f19b15fc523b002f774065", "bowl_name": "Tech India", "feed_type": "crowd" }

Hello Folks, does getting a CTC of 13 LPA for a 9 years experienced in IT industry is highly underpaid?

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I raised a similar question here a few of months back. Being at mid senior level my YOE and my LPA were the same. Frankly many replies i received for my post worried me. It was disappointing and highly demotivating. So here is what I learnt in the past few months. Hope this helps 1) It totally depends on your skill, proficiency, your package when you started and also the year you joined the industry (yes, 9 yrs back the starting package wasn't that good and you would have seen folks who passed out a few years later getting a much higher starting package in the very same organisation, because of the boom in the industry) 2) Skillset is VERY important. I was a QA engineer, and couldn't find many jobs with a good package. So I upskilled and started looking for different roles which actually helped in my case. Do learn something new if you think your current skill is not helping you land elsewhere 3) If you stuck to 1 or 2 orgs throughout, then this package is normal(many do have similar packages or less for same yoe). Mine was lesser . Not everyone gets 30L and 40L like we see in these posts :) But you can definitely get an instant boost if you start looking outside 4) The most important thing is, if you think you are underappreciated/underpaid in your job, start searching soon. The market is good. Give as many interviews as possible. Make a question bank of interview questions and prepare before the next one and so on. I started seeking in Dec and got my first offer in Jan which made my package 2.5x my YOE. And I consider myself really bad at giving interviews. But it is employees' market now and if you decide to switch jobs, now is the time! :) All the best!

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Nope...not me didnt find good working project hence switched but not impulsively !

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I got an offer of 13 lacs when I was just 2.5 year exp . And that too it wasn't a product company. I hope you understand how highly underpaid the above is.

What's a good number for a 9 YOE in a project lead role for infrastructure support?

Yikes, have you been at the same company for 9 years?

No, I've changed organizations but had to switch domains and eventually I'm a lead and plan to move to the management side.

25+ would be ideal if you are working in any demanding technology.

agree, the current ctc is way too low for that kind of experience!

Whats your skillset and profile, depends on that as well since, not every profile/role gets paid good as you see with numbers here. Not 13 but atleast 18 would have been a good number.

Buddy I guess with some process certifications added to your profile, you can stretch it till 20-22 with switch and counter offers

There is no boolean answer to this. It depends on multiple factors like 1.start pkg, 2.current company, 3.current pkg, 4.new company’s requirement. For example, people from reputed institutes join top product based companies at least with 12L whereas we join service based companies through off campus hiring with 5 or 6 L. But your current offer looks very low to switch a company.

probably 25

Yes, it's low. The lowest I would want to see would be at least 18 after that many years.

9*3.5 is average.

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14:36 gmt 😀

Still not seeing location in the post window when turning it off.

Where is a new build???

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test on 1.1.5!

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Now that Marriott purchased SPG, do you plan to use all your Starpoints or just take the point devaluation post-merger?

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How do you obtain info on how much clients pay people in similar role? I'm negotiating my salary later this month and want data. (Recruiters? Ask clients you are friends with?)

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Is it inappropriate to apply for a new position within the firm? How should I go about this?

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PSA: CSR 100k sign-up ends next week (drops to 50k afterward).

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LayOffs at Netflix ..

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Which group at AlixPartners or A&M would be a good fit for some one at EYP Working Capital group? What are some other exit ops to consider, if my previous background was in Rx at FTI for a year before switching to WC at EYP for 2-5 years? If I stay til manager at EYP, am I pigeon holed into WC type work? Could I join the CxO of a company with this skillset? Alvarez & Marsal , EY-Parthenon , AlixPartners , Strategy& , FTI Consulting,PwC , Oliver Wyman, Kearney, Google, EY

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Is the stock market being propped up with printed money?

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Does anyone here has job openings at his workplace. I'm sick of this company. Don't know why I'm asking for it here.

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Where would Alvarez & Marsal rank in terms of M&A or Private Equity work compared to the big 4 and tier 2 firms?

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