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I’m currently working in Citi as an AVP in Mumbai for the past 9 months.. due to personal reasons I wanted to move back to Pune (I have worked in Pune for last 8 years before coming to Citi) so I landed up with an offer from HSBC into Wholesale IT (GCB5).
My current Fixed CTC in Citi is 26.5 excluding PF and Retrials and HSBC IT has offered me 30.5 for the same and said they cannot increase further as am moving jobs in after 9 months which is too early..
Questions -
Have I been low balled?
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Is congizant doing layoffs?
Rules for thee not for me!

Additional Posts in Mechanical Engineering
What field is everyone here working in?
Hmm. I’m attracted to engineers..
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Year 0: $68k
Year 1: $71k
Year 1.5: $80k
Year 3: $90k
Year 4:$100k
0: $67k
1: $68k
2: $72k
3: $79k
4: $82k
5: $100k (graduated with Masters)
6: $135k (negotiated based on market comps)
Where at in the US?
First job as a Mechanical Engineer at a MEP consulting firm in Pensacola Florida. Years 0-3: $62.5k.
I am planning on passing my PE Exam in HVAC next month. Not sure my boss will even give me much of a raise as he is the main PE that seals all our drawings
Coach
Year 0: 75k
Year 1: 77k
Year 1.5: 85k
Year 2: 87k
Year 1: 55k
Year 2: 75k
Year 3: 85k
Year 4: 90k
Year 5: 130k
Year 6: 133.5k
Year 7: expecting 139k after annual raise
Base salery
0: 66k
1: 66k
2: 66k
2.1: 85k
3: 93k
Year1: 71k
Year2: 73k
Year3: 86k
All with the same company, first job out of school after receiving a BS and MS in mechanical engineering.
Year 1: 66,500
Year 2: 68,500
Year 3: 76,000 (rotational program to full time role)
Year 4: 80,000 (expected within the next month)
This is all with the same company in a below average cost of living city in the southeast. Plus a $3,000 or so bonus each year. Years 1, 2, and 3 also had $5,000, grossed up relocation bonuses (to be paid back if I left within two years of receiving). I also received about $25,000 of stock in year 2 that vests over three years. Golden handcuffs baybeeee
Also year 4 turned out to be $79k. Can’t edit my original post.
Year 0: 115k
Year 1: 137k
Year 2: 150k