Is 12LPA poor mans pay?

Going by current trend nothing less than 30LPA is considered good. There was a time back in 2019, when 12 LPA used to carry esteem and a major milestone for everyone, but now its synonym with lowballing and below ones worth.

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Its below poverty line, in matrimony market

likefunny

Kaisi hogi wo bride socho

As long as you do not compare your CTC with others and if you are happy, then it's a good CTC. Just because people post stuff about higher CTC should not trigger us. Just enjoy your pay. It's much worse out there in other sectors where people work 6 days a week and get paid in peanuts. In case you are not comfortable with your pay, move on and get better opportunities and offers. My previous CTC was 9.5 at 5.5 YOE. I finally switched and got an offer for 18LPA for 6 YOE. I'm really happy with this pay and would like to stay at this comfortable juncture for a couple of years before moving on. So it's about what you want.

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I think instead of thinking why others are getting more, you can focus on saving what you can and focus on investing to create a retirement corpus or your kids education/marriage. I've seen people who earn so much but have 0 savings. So plan your finances, have a ratio between your debt to equity investments. In case if you think your goal seems too large, have a step up SIP to increase your contributions maybe 10-15% yearly.

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It's so relatable. I earn 10.5 at 3YOE and feel like i'm below poverty line after looking at the salary of other people over here

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Bro do you even pay tax at that kind of salary?

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It’s perfect irony

Mine is only 7 lpa. But Its okay for bachelors like me currently.
But when I'll get married It would become a factor.

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Classic trap to fall into the pit of unhappiness.
Look at what are your needs and judge accordingly. Its easy to earn wealth but difficult to grow it.
Plan your finances well with your pay, spend judiciously and you will be well off after few years.

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Depends upon YOE

If you are content, meeting your needs, then it is a very good pay.

Back when I was preparing for CAT only people who scored good in mocks used to post their scores. But we know most of the people score poorly. Similarly people who get high packages only will post their salaries in order to feel good. But we know most of the people don’t have high salaries.

Read Albert Camus

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likefunny

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