Increasing CTCs in india is the single greatest hindrance from becoming a 5trillion economy. Opportunity cost to leave the job and start something of your own is widening. Further are these salaries even sustainable. Revenue of companies hasn't kept pace with compensation increase in india and it's a bubble which is soon going to burst. I'd think twice before accepting the offer in excess of 50% hike

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

All of your statements here are mere assumptions. And the last conclusion you derived from these assumptions is laughable and incorrect . Everyone is making their contribution in their own ways for achieving the 5 trillion dollar economy . You do whatever you feel like and a last suggestion from me - never give advice until asked .

likefunnysmart

@senior enginnering lead : Brother you can well within your limits stop from responding if you don't agree with my viewpoints assuming you're not the founder of this app. It's people like you who can never think beyond salaries and hike and act like a gossiping aunty on this platform about salaries

Also you just contradicted your own statement. You gave me a suggestion/advice without me asking for it.

like

Well, the thing is india is a cost centre. You are completely delusional to think if Indian IT engineers are now any quality. Only top 1-2% are the best of the best who can actually are employable at international level.

All companies are for profit, they only care about their margins. These salaries won't sustain.

People now at 2-3 yoe getting 18-20 lpa , with average skills in a average company. After 3-4 years, they will need 40+ lpa at 6-7 yoe.
They would again hire 2-3 yoe at 18-20 lpa and start firing at 6-7 yoe. This is going to happen, sooner or later.

Now ask yourself, how many companies can pay so much money for 6-7 yoe while maintaining their margins and profits?

See around you, neither skill of people has increased that much nor the economy.

like

Do you know
how much Infosys spends on buildings?
how much freshers CTC they increased in the last decade?
how much they earn from clients by showing employees designation a level greater?

like

I worked in Infosys too and since I am from non IT I am grateful to everything that Infosys gave me. That's the thing there is good and bad.
I agree with you that these days ppl are creating CTC bubble. But 50% cause behind this is MNCs. If you remember in 2015 Infosys interviewed 70000 freshers for PR stunt and hired 0. Check news.

Looking at the profit during pandemic they proposed hybrid model. 70-80 % employees have below 5 yoe that means mostly unmarried. Why would they rent a flat and what benefit they will have working from flat instead of home town. Due to this many ppl opted for a switch.

It is the companies that started giving more then candidates made a bee line for switching.

Appreciate the good and speak out the bad because realisation comes only when you realise it exists.

like

Well it depends on so many stuff. We can’t just make this assumption out of nowhere.

If you’re working at a firm that pays really good to the onsite people and you’re part of that team from India. Then they can afford you to pay you really well as well ( and it would still be feasible and sustainable for them )

It also depends on the business model of the company. If they are cash intake company and owes less debt in the market. Then you can chill as well.

Software companies make millions and billions in revenue. So, large companies can afford to pay huge salaries to attract the best talent.

like

Related Posts

Technology analyst salary range in Infosys?? Any idea guys

like

In NIQ - Performance AIP(Variable pay) is for every year or just year where you got offer ?

If it's for every year, On which factor AIP amount will change every year and how much %

People who got 10% hike being in that CTC that was alloted to them 2 years ago when they joined!!

Post Photo
like

Thoughts on Vertex? Pipeline? Culture? Comp? Looking at a Director role.

like

What compensation should I be targeting for a Vice President role at a PE firm with $6.5B AUM in terms of salary, bonus, and carry? How might this differ for an operating partner at a PE fund? TIA!

like

Hi, what salary can be negotiated for 6+ overall experience & 4.5yrs of experience in DS role. Education is BE, MBA. Current CTC is 9.9L. Thanks in advance.

like

Salary of a solution architect in cyber security( pre sales and with RFP experience) industry with 7-8yrs of experience.

like

Doing a federal clerkship and thinking of my options after. Anyone in NJ/NY/PA biglaw lit group with collegial and pleasant work environment? I do not care about billable requirements/workload, just salary and don’t want to be treated like shit.

like

Interviewing for FDD roles at Deloitte M&A and PwC as an S3, what should I expect for salary negotiations as an experienced Senior vs M1? (HCOL - SF/NY)

like

5th September is my last working day at Infosys. Yoe=4+ yrs
Tech= aws devops
I hold an offer of 18LPA from KPMG with joining date of 7th September. (Wfh)
I applied at Workday on 15th May and went through 7 technical rounds of interview and received a verbal offer letter of 21LPA (hybrid)
Now apparently their technical panel "forgot" about the interview and wants to have a discussion again as 8th technical interview. HR says their joining date will be 19th September.

Should i join KPMG?

like

I have got an offer letter from Morgan Stanley for the QA role in regulatory reporting. Currently I am in a BA role with 7 yrs experience. In MS they are giving a good hike (45%) plus joining bonus. Not sure at this stage should i switch from BA to QA role.

like

Hi All,

What would be the inhand salary for 6 LPA in Accenture?

Hi Guys, please help me understand the in hand salary for the following. Thanks in advance!

Post Photo
likefunny

Wondering if anyone can give insight as to what salary range is for an insurance compliance role as an IC3 or similar?

like

What is average Hike % in Nielsen? and in which Quarter they will be rolling it out?

like

Hi what should be the CTC for a Director cloud? Any suggestions

like

Do PEs offer singing bonus or relocation fee?

like

What are the pay grades for C's and M's in S&C?

like

More Posts

Why did you decide to leave your first firm job? If you had a chance to jump ship but stayed, why did you stay?

like

Any consultants grounded in Chicago this week? down for happy hour at the Westin ORD?

like

EY recruiting is such a mess. Applied and did a pre-recorded video interview, heard nothing for like 3 weeks. Then I get a random call saying they liked me and would I be available to attend an interview the following day. I say yes but never receive an email or additional details. Call back the number and it goes to voicemail. The following week I get a rejection email. Just so frustrating EY

likefunny
like

If we opt for Meal allowance in citi india, how do we get those coupons? Will there sudoxo coupons in card or will there be paper coupons??

like

Hi Fishes, I need a referral for UI/UX position in Adobe.
YOE: 4

Can someone please help with the referral? Thanks in advance!

Adobe

I have 4years of experience in netapp storage administrator presently looking for job opportunities

like

Do you use audio books or find them useful?

like

Wanna a learn Data Science cource.Anya vs suggestions please

like

Is it a fail of character leaving biglaw? I want to leave, but despite the constant stress and suffering, I can’t avoid feeling like it’s my fault or that maybe I’m over exaggerating how I feel. All my colleagues feel ridiculously happy, I’m the grinch one that’s never enjoying the grind (but the grind is hard and competitive, very competitive) :( any thoughts? Is there future after quitting biglaw so young?

like

Does anyone know what the shell is made of in this pic?? I can’t figure it out for the life of me!

Post Photo
like

Impetus technologies inc Can I accept the offer letter from impetus now ? After that it is possible to reconstruct the CTC befor joining if i have have very good offer letter.

Impetus technologies inc ,Impetus, Capgemini Tata Consultancy , Deloitte

Thanks

How much severance package Credit Suisse is giving on layoffs?

Are they laying off new joiners too? Where is more impact EON 1 or EON 2 in Pune office?

Credit Suisse

likesmart

🚨 Senior Project/ Program Manager with PMP/Remote🚨

• 10+ years of experience, with a demonstrated increasing level of responsibility, as a successful IT •Project Manager using structured project management processes
• Deep understanding of SDLCs/ SCRUM
• Demonstrated competency planning and tracking project schedules with clearly-defined critical paths
• Track record of delivering projects on time and on budget
• Ability to see the interrelationship of a project across the big picture; and

like

I was wondering if anyone works as a medical examiner assistant (gov) and what your salary is?

like

Oh boy it was chilly tonight! Not ready for whats to come 😭

like

Lease a 2020/2021 car for 3y 10k miles vs buy a used car. What would be cheaper (in those 3 years) all in? (Including insurance,taxes,blah)

5 years post-MBA and all my classmates are VPs in industry or Principals in consulting/IB (some are even Partners/MDs already). I sat in the same classes with these folks for 2 years — probably outperformed some of them academically. Yet, here I am continuing to struggle with my student debt payments, hoping that “Uncle Joe” forgives 20% of it. I’ll never have that kind of earning potential because I didn’t come from the “right background” pre-MBA.

like

Additional Posts in Referral and Opportunities

You can reach out to me for following :
SFCC, DevOps GCP, Murex BA, Endur BA, Murex QA, Endur Developer, Murex Mxml
Publicis Sapient

Post Photo

Please suggest me to decide the company:

11 years in automation.
1. EPAM Anywhere - giving 25.2LPA (Fixed) and 80k joining bonus - as Sr Test Engineer.
2. HCL - giving 28.8 fixed and 3.2 as variable - as Test Manager

like
like

Hello Fishes,

Is there any opening for SAP HANA Modeling and Development for a 3+ years experienced professional?

like
like
like

Working in reporting of private equity funds. Hands on experience in Tableau and MySQL. Good knowledge of Analytics part and writing down commentary for return on investment fir private equity funds.
Serving notice period.
LWD: 13th April
Please help me if you have any opportunities
Location: Delhi/NCR

like
like

Need referral for Qa Manager profile. Having 16+ years of exp

like

Hi fishes I am a data engineer with 2 years of experience in python, pyspark, aws and sql. I am looking for a switch with atleast 8.0 LPA of package. If anyone has any suitable opening i request you to please refer to me

like

Hello Folks! I am a front end developer at TCS and currently serving notice period. I have 5 years of Total exp.Have 3 offers in hand from Cybage software12.79 LPA(11.50 fixed), Accenture 13.79(11.44 fixed),KPMG India14.65(12.5 fixed) In addition, i am having hr discussion with global logic tomorrow for profile senior software Dev.I am seeking for your advice that with what figure i should approach to globallogic or counter mentioned companies considering my expectation is to reach 19-20 LPA.

like

Need referal for pwc, infosys, e&y, kpmg, Accenture, wipro
Guys pls help 🙏

like

Hi friends,
Am looking for a referral for Data analyst role.
Am currently working as a Data research analyst with 3+ years of experience. Trying to get a proper data analytics role.
Have experience in data analysis, data research, data collection, data quality analysis, Excel, and basic skills in python, MySQL, powerbi, ETL, numpy, pandas, matplotlib, seaborn.
If anyone can refer it be helpful

like

Hi People Looking for urgent refferals Lwd 9 th Aug Frontend react developer with 5 years experience. Looking for Hyderabad location

Urgent ,i need a job going through hard times .Single earning person . please help

like

Transition manager with overall 12 years experience, looking for Transiton manager, project management or program management opportunities..

like

Looking for a job change, have an offer in pipeline with Epsilon , first will like to know about the company, it's WLB, Clients and Data Science Projects. Secondly I am looking for more options. If anyone can refer me to the companies : Amazon, Adobe, Walmart, Intuit, swiggy etc Product based companies, do let me know.Adobe LinkedIn Intuit Amazon Swiggy Apple Morgan Stanley Uber Walmart Flipkart for Data Scientist role. YOE 5 years+ Much Appreciated.

like

Hello All,

Can anyone refer me in active directory domain.
I'm already serving my notice period with a week left. Ready to join immediate.


Thanks

like

Hello Fishes

Do you have any idea about xpheno.
I got selected over there for client project.

like

Does this ever happened with anyone that your interview went very good and then also you got rejection mail from hr and unable to understand what when wrong. The same thing happened with me yesterday for coinswitch data engineer profile. Solved all the questions and actually gave some suggestions also , but today got rejection mail.😂😂

likefunnyhelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal