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Hi Fishes,
How much can I ask from BNY Mellon for the role of Lead Full-Stack Engineer.
My Tech stack: Java, Spring Boot, Microservices, React, Node and AWS
YOE: 7.5 years
CCTC: 23.71L all fixed. Have received MVP bonus of 1.6L EY Tata Consultancy Deloitte Accenture PwC ZS Associates PwC
Please do comment and put your thoughts.
Hello 🦈s,
Role: SAP ABAP
Current: 8 LPA
I am having offer from LTI for 10.5 Fixed & 1 Mouritech for 12 LPA Fixed.
I have also cleared PwC India interview & HR has told me that they can give me 10.5 as Fixed (Before 12 offer). I have not yet received the offer letter.
Now my question is will PwC consider this offer for the re-negotiation? Or will they not release the offer letter itself?
Also what should be my ask for a SAP ABAP Developer with experience of 3.3 Years?
Thanks in Advance 🙏
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Remember being an equity partner is like getting married. Make sure you know everything about how the current partners live and take from the firm. Especially true if you will be the youngest partner.
You’re lucky to get that from a small PI firm. I’m stunned actually
What percentage of fees goes to your comp? Is it based on what you recover or originate, eat what you kill etc? Or total profit share split between partners? or is that what you are negotiating?
Either way, not bad with the potential to be pretty great depending on what kind of skin in the game you have
The not bad had a very impressed/enthusiastic tone in my head!
The part that I’m moreso looking for commentary on is the ratio of compensation to fees received. I don’t necessary have a frame of reference for that - if my personal fees annual fees are let’s say very conservatively in a bad year would be $600,000 and a good year $900,000, with 1/2 of those being my originations and half coming in from other attorneys at my firm that I handle, what are your thoughts on the ratio of compensation to fees received?
To me, it seems low unless there’s a substantial bonus at the end of the calendar year to equalize - my compensation would be reflective of less than half of my fees in the door? I acknowledge costs inclusive of 1 paralegal and 1 secretary who are exclusively my own. And fixed office costs like rent, receptionist, etc.
I think what I’m getting at is, what are most people seeing in terms of ratio of money in to money that you directly receive? 40% 50%? 60% etc?
Is there a buy-in?
No
Why not just go out on your own is my thought, but being a boss has its bad days as well. I am a boss.