I have 12 years of experience in Java and my current CTC is 30 LPA. Based on the market and compensation bands at JPMorgan Bengaluru, what would be a reasonable salary expectation for someone with my experience and skill set?

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50+

65

Really ?

If you have counter offer, they can go beyond 50
Don't hesitate to start with 60, they will come to atleast 50
I was in your position last year with 13+ years on same 30 LPA fixed, I quoted 54 and got 49 and that is low

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