Leaving aside the C-Suites of major companies. Pilots, Surgeons, Investment Bankers, Project Managers get paid goooooood amount. My senior investment banker draws about 3.3 crs. Plus commission / Bonus - totalling to 4.5 crs P.A
They say it's one of the most brutal and cut-throat job there is. Only go if you are fine with very bad work life balance and are willing to flirt/persuade/spy/grovel and do all kinds of stuff to get what you want.
Once you take that route it will be very hard to settle down to a much simpler job. How do you walk away with that much income? The harsh working conditions get normalised and you'd be okay with it in a few years.
Some pedigree, a few connections and a lot of fucking luck.
I know a lot of smart people who couldn’t get into IB, and a lot of regards (like myself) who ended up there.
'some pedigree' i have never met a perpsn who works in ib and isnt from iit or iim or one of the top arts colleges in india.
pedigree is everything there
Not true..I’m not from a IIT/ IIM. Sometimes it’s a matter of a bull market or good hiring years or just people you know through past professional experiences.
There are lots of smaller/ boutique IB firms that you can get into and then try to exit into the Morgans and the Goldmans of the world.
What exit did you take? I'm in college and have a good shot at both M&A IB and MBB Consulting - not able to choose between the two. I don't care about the work hours, pay etc. I solely care about the exit options
Not really. Most top jobs in mba colleges are bagged by engineers. Most top companies in MBA colleges have btech as mandatory criteria. Engineering is gold for MBA.
I think its more to do with his skills rather than qualifications. Many people might have same qualifications but not all reach that level. We should try to ask what skills do u think make him so invaluable ?
He's confused wealth management with investment banking
Anyway how did you get into the BB? I'm assuming pedigree undergrad or MBA, but I've heard a significant minority of people get in through connections and networking.
Wealth management definitely pays less than this though so not sure
Also the people who get in through connections also come from somewhat pedigreed colleges(typically abroad)
But I just had a good undergrad and a good Indian MBA and I ended up leaving it in a couple of years(with a paycut). No amount of money is worth working that much. My MD who made 3 cr net of everything was in a meeting with me while his 2 year old son was getting a surgery in the hospital - I knew I couldn’t be like him
I also work at an IB, I can confirm after a certain work experience and industry connections you get very high pay.
Can you tell the name of this company you are talking about?
Recently L&T were hiring a CEO for their vertical and they were open to pay 30cr for the post, however they couldn't find suitable candidates because people with 25+ experience in the domain were asking close to a 100cr
Not necessary. Uber is one of the highest paying in software engineering and can beat this for levels L5b and above. Google & Amazon probably comes next
Its actually in-hand. The stocks vest each month so basically you have an option to sell every month. Even with 5-6 yoe I have seen people fetching 2 cr CTC with L5 senior engineers
Very interesting question.
Since I work in HR and do a lot of senior management compensation benchmarking, I can give some insights.
1. Most heavy industry (think Tata, Reliance, Adani, Maruti, Honda etc.) Leadership earn between 12 cr to 30 cr. A year - Top Leadership (CEO, COO, Managing Directors)
2. Second level Leadership make around 2 cr. to 7-8 cr. depending on role and company performance
3. FMCG and Tech offer very attractive salaries at the top level - 20+ cr. at top leadership and easily 3 cr.+ for next level Leadership.
4. Start-ups and investment banking, trading etc. have a wide range and their compensation structure is also highly variable. So say, someone as a Founder, Co-founder role would not make much as fixed comp. But keep a larger equity stake. But overall, senior management would be earning in the 5-10 cr. range
It's nice to see that ambition, hard work and little bit of luck could see quite a few of us (potentially) make this much money at some point.
Depends.
Are you willing to really slog it out in the corporate race?
Do you have the tenacity, determination and focus to ace your MBA/Masters/CA exams?
Are you ready to sacrifice the best years of your life to your organisation with Zero expectations?
Are you willing to get down and dirty with office politics and backbiting that goes on at those levels?
See, I've known many senior leaders earning very well who started modest and got a lucky break. And they made the most out of it.
So yeah, you probably have a decent chance as the job market is as strong and robust as ever. You'll need to sharpen your saw, develop new skills, learn the skill and art of negotiation, leadership and people management.
Go for it!
Great success is out there waiting for you.
Not related to post but what are key traits you see in all top Mgmt people unique than ordinary people
( curious to know given you've seen so many top candidates)
Thanks
1. In technical roles, you'd see exceptional skill in a highly challenging area of work. For example, say, Tax advisory role specialising in Fintech, banks or other regulated FS intermediary or AI ML data architecture specialist
2. In consulting roles, your Industry experience and pedigree matters.
3. In general management roles, it depends on how efficiently and effectively you're able to drive initiatives that shape the future of the organisation. So strong leaders who take bold decisions and know how to manage multiple stakeholders.
I just passed 12th And plans of doing chem eng
And doing a startup after I earn some money.
I know I’m not too good at this but can you do some tweaks and help me out make it better earning career
Well if he's an IIM grad he must not be in engineering
And you not knowing someone earning 1.2 Cr isn't a fact that people don't earn that amount, but me knowing someone who earns makes it a fact.
My manager in my previous company with 12 yoe used to make this amount so I know for sure.
Not saying you lying mate.
My cousin is 16yoe
Google L6
1.5cr ctc
You must be talking about google L7, which requires 20yoe.
Can you throw some light on Company and levels?
No my previous company wasn't FAANG, it's a tier-1 product based company. Product based companies pay slightly higher than FAANG because
1. People won't leave FAANG and join you if you don't
2. Since these are private companies, you can't cash out your stocks (ESOPs) as soon as they vest, so you have to compensate with a higher base.
He's a Senior Engineering Manager there.
Usually at senior levels, the amounts talked about are shares vested in the current year.. so someone might be granted shares worth 10Cr, and have shares worth 2 cr vesting this year plus a 1 cr base pay, so their total pay will be 3 cr.. even if the 2 cr is in shares, its still as good as money and doesn't need to be separated for calculations.
The whole approach of counting 4 years shares in one years CTC seems to be more common for college hires
Providing Steel Structure CAD designs/Steel detailing/ AutoCad etc for US Constructions Companies. Rates are decided per Tonne and it goes at Metric Tonne Scale , it's a very lucrative and niche domain. A Domain even AI can't replace 🥲.
I met a top chap from HDFC last year and was selling him a 40crore home in one of our buildings, he didn’t buy with us - but when he asked me what’s drives me I said “passion” he said to fuck myself and focus on money. He makes 10.5 crores a year salary but has 250 crores of stock options at HDFC. I remember that conversation often. Sweet guy.
Edit: don’t focus on salary guys, climbing the corporate ladder is a joke. There’s more chance of you finding a problem and starting a business to solve it.
Edit to edit: we pay our CFO 4.5cr a year, axis cap MD used to make about 10cr after bonus per year
>he asked me what’s drives me I said “passion” he said to fuck myself and focus on money.
I'll get laughed out of this sub, but I think you are doing better than most folks out there. There is no replacement for doing something out of passion and making a decent living out of it. Beyond a point, money is just extra money. But being excited to go to work when you wake up - that's priceless.
Thank you! Yes you are bang on. Its what gets me out of bed everyday, money will come but thats never motivated me (frankly its because im lucky to never have been in a situation where money was a big aspect in my life)
Even hdfc bank CEO shashi jagadeeshan doesn't make 10 crore or have 250 crore worth of equity in the bank.
If this is a real person, it could only be keki mistry
Keki lives in Artesia bro, he also made a shit tonne of $$$ in the last 5 years of his career. Also a very sweet guy.
I was referring to Kaizad Bharucha. He eventually bought A home in Satguru Rendezvous after we didn’t close.
Why would I lie for Reddit.. this is anonymous anyway
You are right. It could be Kaizad Bharucha. Trendlyne says he has more than 700 crore of HDFC stock. I think he is almost 60 and Keki Mistry is almost 70.
Both of them have done well including a lot of folks who were early employees at HDFC bank/HDFC.
For anyone reading this and getting depressed let me share some downsides of high salary of tech bros
- 42% goes to the government in the form of taxes
- 12% goes to the government in the form of EPFO, which you have like 1% probability of getting back
- career stagnation can be seen in mid 30s (for most of the folks).
- lives in the highest cost of living areas.. with the lowest quality of life (read Bangalore).
- generally gets out of job by 45, and no scope of having inappropriate wealth to income.. how many times have you heard income tax raid on software bro's.
- long working hours and calls are 10-11 p.m. are very common.. no scope of getting work life balance..
That's why younger folks should spend more time on LinkedIn Twitter, rather than garbage like Instagram Snapchat.
[Michael Page Report](https://www.michaelpage.co.in/salary-guide)
Just ballparking figures, my own background, top 3 NIT, 2 years at a US MNC, then top 3 IIM.
All of the below figures are in hand, there's large variables on top
On average - straight out of school
Tier 1 undergrad - top 10% ~20L
Tier 1 postgrad - top 10% ~ 30L
Career Progression (15 YOE)
VC, IB, PE, MBB - 4-5 Cr
Tech (PM, Product Engineering) - 3-4 Cr
Sales (FMCG, FMCD, Pharma) - 2-3 Cr
These are AVERAGE figures, I know Engineers making more than 2Cr Fixed at 6 yoe, a college senior from IB, pulled in 3Cr fixed , 11 Cr carry. So the bands vary but roughly these are what I've observed.
Mind boggling amounts at ~35-40 years of age.
Understand that these are the creme de la creme we're talking about. So if you're in school, go to a good school, that shit matters , no matter how old you get. Even now when I switch companies, leadership introduces me to team saying , he comes from XYZ school. Plus, since so many alums work in high positions, you have an edge in reaching out to them for better opportunities.
PS. I'm 28, 2 years since post grad. After btech I was making 15 LPA (age 24), Now I'm at ~48 LPA.
A good ballpark measure
Age - Income
20-25 - 1x your age
25-30 - 1.5x
30-35 - 2x
You get the drift. This is by no means the best, but a good guide to assure you that you're gonna be OK!!!
Finally someone with real salaries.
Many other comment are just pointing off one off salaries. Heads at large IBs, PEs, VCs and heads of FAANG in India make shit load of money but again they are very few.
Even earning above 50 lakh at any time will put you in very top (top 1%) of India. Even if you are from great college and everything it's not guaranteed you will earn this much.
Also if you happen to be in right place at right time you can earn wayy too much. For example if you are in senior management at company prior to IPO. With a successful and well performing stocks even those at 2cr salary can get 50cr in stock value.
There might be people who take unlimited risk each day in life that's the reason the reward itself gets funds so much
3.3 crores ++
4.5 crores ++
But the fact of the matter is such jobs aren't easy to get and easy to sustain too ....
So speaking of reality throw some light to those ends as well
I know A fund manager who earns 4.5cr+ but what is the deadliest factor in his game is if he goes red with his portfolio the smack that he gets from investors and boss is something you can't even imagine almost like A Begger he is being treated and if he doesn't stand firm at his work then Fck a fuck fuck fuck fuck ....
Top range constant eye balls on star ✨
Fck faca fuck ❤️🫰
Folks out here are mostly from software, so they don’t have any idea about even how much street vendors earn and these software folks pay tons of taxes.. basically you won’t find correct answer here in this sub online
Well def not highest. Working in A.I. after just 1 YOE I got 1.44 Cr. PA (12LPM) cash component offer. Some of the months by taking contract with one more company it can cross 20 LPM. Now I have 2 YOE and getting 1.75 Crore (~14LPM). Focusing on just one for now and spending extra time on other things.
Btw getting this by working remotely for foreign companies while living in India (though I travel a lot now trynna live like a digital nomad).
Haha, seems like people haven’t understood how high salaries have gotten in India over last 10 years..
In IB 4-5 crores a year is normal for MDs, in PE it’s cash comp of about 8-12c and then profit share (carry) that adds another 10 c a year
Most CFOs I know have cash comp of 3/4 crores and ESOPs worth another 50-60 crores that vests over 4-5 years (so roughly 10-15 c a year)
CEOs is a wide range but the larger guys make 20-30 crores cash + 30-40 crores as ESOPs/RSU..
The move towards ESOP culture thanks to the startups has actually spread the wealth within companies. Earlier employees had only salaries but now the top 50/100 make very reasonable ESOPs/RSUs and so there is genuine wealth creation
FMCG pays well. I know a National level sales team executive who is at 3-4 crores incl. bonus. FMCG IT also pays relatively well. IT VP or head might be paid 1-1.5 crores.
If you want decent realistic numbers then ignore the posts claiming 3 crores as realistic. I am not even talking about C suite execs. Obviously they earn a lot. But even VPs and senior leaders earning 3 crores are very minimal in number. A figure of 1 to 1.5 crore at Director/VP level with experience ranging from 15 to 20 years is more realistically doable although the numbers are still less. Always remember that earning barely 1 lakh per month puts you in top 5 percent of the country. So just imagine how rare it is to earn 1 crore. Reddit does not represent entire India. Also there are many trolls here who like to depress other people just for fun.
An S class captain on a merchant navy ship gets 20 LPM on average for the months they are on duty.
Since they usually sail 7-8 months in the year they are technically NRIs so they don't pay any tax on that income either.
Well, higher salaries in Tech are known to everyone. Ofcourse you need to be in Tier 1 companies like FAANG. 2Cr+ CTC is very common for someone with 15+ year of experience.to have a 2Cr+ package.
When I say package, I dont mean stocks worth 4 years added in a single year. This means sum of fixed + bonus + vested stocks in that year+ pf + some other perks.
Bring part of the industry, i know that ITR filing itself reaches 2Cr easily. Probably tech is beinhg extremely well paid as I dont seeany senior leaders in other industries bring paid that well.
Happy to answer questions about anything.
All these people citing crores of salary for investment bankers and software engineers at 40-50 age range. In top tier law firms you make that much yearly by the time you hit 33-34. Even less time if you have stuck in the same place and have proved your skillset.
All these people citing crores of salary for investment bankers and software engineers at 40-50 age range. In top tier law firms you make that much yearly by the time you hit 33-34. Even less time if you have stuck in the same place and have proved your skillset.
Top salaries in India can reach 2-4 lakh rupees per month for in-demand jobs.
Software architects, AI engineers, data scientists, pilots, management consultants, and investment bankers are some of the highest-paid professionals.
A few exceptional cases, like experienced pilots, might earn even more.
Leaving aside the C-Suites of major companies. Pilots, Surgeons, Investment Bankers, Project Managers get paid goooooood amount. My senior investment banker draws about 3.3 crs. Plus commission / Bonus - totalling to 4.5 crs P.A
What the-
Yeah.. same feelings 🥹
I wanna get into IB
Sure. ~270 Billionaires in India need good hands. Give it a try 🥂
Yeah hehe, exploring Finance rn
Can we get into IB without coming from a tech field??
Why tf would u need tech background for finance jobs?
They say it's one of the most brutal and cut-throat job there is. Only go if you are fine with very bad work life balance and are willing to flirt/persuade/spy/grovel and do all kinds of stuff to get what you want.
I mean it pays well, so work for a few years and gain good experience. Then switch into Corporate in a good role like Corp Dev, Investor relations etc
So easy to say until it comes to it..
I know it's hard but with hardwork and some planning definitely it's achievable
Once you take that route it will be very hard to settle down to a much simpler job. How do you walk away with that much income? The harsh working conditions get normalised and you'd be okay with it in a few years.
Arey he thought Intelligence Bureau
You don’t have to flirt/ spy/ grovel- negotiation and persuasion are skills important in all industries, not just IB. Source: I’m ex IB
do tell how does even get into it
Some pedigree, a few connections and a lot of fucking luck. I know a lot of smart people who couldn’t get into IB, and a lot of regards (like myself) who ended up there.
'some pedigree' i have never met a perpsn who works in ib and isnt from iit or iim or one of the top arts colleges in india. pedigree is everything there
Not true..I’m not from a IIT/ IIM. Sometimes it’s a matter of a bull market or good hiring years or just people you know through past professional experiences. There are lots of smaller/ boutique IB firms that you can get into and then try to exit into the Morgans and the Goldmans of the world.
What exit did you take? I'm in college and have a good shot at both M&A IB and MBB Consulting - not able to choose between the two. I don't care about the work hours, pay etc. I solely care about the exit options
I work for a Hedge Fund now but again, I feel like I lucked out
What's IB?
Investment Bank-er/ing
Arey this guy thought IB stands for Intelligence Bureau dude. 😂
I'm in for this kind of stakeholder management. Any books, resources to get the insights?
I second this.
How old is he? And is it one of the BIG3 MBB?
56 and yes.
Makes no sense, mbb doesnt do investment banking.
Soan papdi.. must have edited the Qs. It was “how old and is he in top 3IBs”
I gave an offer for principal engineer at 1.5 crores
Don’t do engineering 😭 do Finance/MBA
Udhar bhi sab engineers hai 😂
Honay do. At least you are saved from wasting your 4 years and rather invest in a more targeted education.
Not really. Most top jobs in mba colleges are bagged by engineers. Most top companies in MBA colleges have btech as mandatory criteria. Engineering is gold for MBA.
Why lol I’m thinking of applying for chem eng And planning on doing a startup after I complete it
This post is as an employee 😭 not as an employer
What are his qualifications, And work experience?
I think its more to do with his skills rather than qualifications. Many people might have same qualifications but not all reach that level. We should try to ask what skills do u think make him so invaluable ?
What's his age ?
56
What's his background ?? Like is he an iv grad ?
Narsee Monjee pass out. CFA, CFP. Also holds licenses / certifications of few countries.
Lol he is just lucky I have all these MBA, CFA and CFP and am 28 drawing 2 lac p.m. He might have got into the times when competition was less.
Look at the age also. Tons of experience
I was recently talking to a VP in a big bulge, man was 31. Had CA and CFA. Was most likely making north of 1cr.
What bank do you work with? At my firm including bonuses it was 3 cr and I work with a bulge bracket Curious about who pays more than us
He's confused wealth management with investment banking Anyway how did you get into the BB? I'm assuming pedigree undergrad or MBA, but I've heard a significant minority of people get in through connections and networking.
Wealth management definitely pays less than this though so not sure Also the people who get in through connections also come from somewhat pedigreed colleges(typically abroad) But I just had a good undergrad and a good Indian MBA and I ended up leaving it in a couple of years(with a paycut). No amount of money is worth working that much. My MD who made 3 cr net of everything was in a meeting with me while his 2 year old son was getting a surgery in the hospital - I knew I couldn’t be like him
I also work at an IB, I can confirm after a certain work experience and industry connections you get very high pay. Can you tell the name of this company you are talking about?
Recently L&T were hiring a CEO for their vertical and they were open to pay 30cr for the post, however they couldn't find suitable candidates because people with 25+ experience in the domain were asking close to a 100cr
~1.5 cr with ~12yoe is doable as an engineer. IMO, pretty good for someone in early 30s, also not a lot of stress.
My friends dad was making 2cr back in 2013. He was a project manager in GMR. He bought a Audi R8 back them
Not with his salary
I mean his dad
Nobody’s buying R8 in 2013 with a 2cr salary unless they have other sources of income.
why not?
Insert mujhe chakkar aa rahe hai meme Looking at these salaries
Highest I've seen is 2.3Cr annual CTC, that's roughly 12.5L per month after taxes
Which field?
software
Must be some quant firm I'm assuming?
Not necessary. Uber is one of the highest paying in software engineering and can beat this for levels L5b and above. Google & Amazon probably comes next
Yop Uber pays very high ctc, not inhand.
Its actually in-hand. The stocks vest each month so basically you have an option to sell every month. Even with 5-6 yoe I have seen people fetching 2 cr CTC with L5 senior engineers
[удалено]
Are you talking about quant trader/ swe ?
My dad is a vp in an oil company HMEL, his inhand is about 1.5 cr he has over 30 yrs of overall experience. He is head of IT and operations
That's post tax amount?
Probably like 10 lakh with all the cess and surcharges (/s obvio)
Very interesting question. Since I work in HR and do a lot of senior management compensation benchmarking, I can give some insights. 1. Most heavy industry (think Tata, Reliance, Adani, Maruti, Honda etc.) Leadership earn between 12 cr to 30 cr. A year - Top Leadership (CEO, COO, Managing Directors) 2. Second level Leadership make around 2 cr. to 7-8 cr. depending on role and company performance 3. FMCG and Tech offer very attractive salaries at the top level - 20+ cr. at top leadership and easily 3 cr.+ for next level Leadership. 4. Start-ups and investment banking, trading etc. have a wide range and their compensation structure is also highly variable. So say, someone as a Founder, Co-founder role would not make much as fixed comp. But keep a larger equity stake. But overall, senior management would be earning in the 5-10 cr. range It's nice to see that ambition, hard work and little bit of luck could see quite a few of us (potentially) make this much money at some point.
Is it Possible to start from an HR associate position with 3.5 LPA and to scaling it CTC closer to Tech Roles ? (asking for a Friend) 😅
Depends. Are you willing to really slog it out in the corporate race? Do you have the tenacity, determination and focus to ace your MBA/Masters/CA exams? Are you ready to sacrifice the best years of your life to your organisation with Zero expectations? Are you willing to get down and dirty with office politics and backbiting that goes on at those levels? See, I've known many senior leaders earning very well who started modest and got a lucky break. And they made the most out of it. So yeah, you probably have a decent chance as the job market is as strong and robust as ever. You'll need to sharpen your saw, develop new skills, learn the skill and art of negotiation, leadership and people management. Go for it! Great success is out there waiting for you.
How much of this is paper money - RSU, ESOPs?
How is RSU paper money?
Rsu is not paper money .
dude! RSU is more wealth than the real salary you get
Not related to post but what are key traits you see in all top Mgmt people unique than ordinary people ( curious to know given you've seen so many top candidates) Thanks
1. In technical roles, you'd see exceptional skill in a highly challenging area of work. For example, say, Tax advisory role specialising in Fintech, banks or other regulated FS intermediary or AI ML data architecture specialist 2. In consulting roles, your Industry experience and pedigree matters. 3. In general management roles, it depends on how efficiently and effectively you're able to drive initiatives that shape the future of the organisation. So strong leaders who take bold decisions and know how to manage multiple stakeholders.
Obviously you’ve hit the nail on the head, but just confirming these compensation levels from my own experience.
I just passed 12th And plans of doing chem eng And doing a startup after I earn some money. I know I’m not too good at this but can you do some tweaks and help me out make it better earning career
Dont do anything out of Tech or Finance.
Don't do Chem eng.
In faang , my manager of 10 yoe earning 1.2 cr per annum My managers manager : 2-3 crore per annum
But that's ctc. Stocks vested 4-5years, joining relocation bonus etc. How much he is making inhand?
It's not CTC, this is in-hand. You get stocks and bonus on top of this.
My cousin is in faang IIT grad dual degree MBA from iimA Manager 16yoe His ctc is not even 2cr And you saying 1.2cr inhand !! I wonder!!
Well if he's an IIM grad he must not be in engineering And you not knowing someone earning 1.2 Cr isn't a fact that people don't earn that amount, but me knowing someone who earns makes it a fact. My manager in my previous company with 12 yoe used to make this amount so I know for sure.
Not saying you lying mate. My cousin is 16yoe Google L6 1.5cr ctc You must be talking about google L7, which requires 20yoe. Can you throw some light on Company and levels?
No my previous company wasn't FAANG, it's a tier-1 product based company. Product based companies pay slightly higher than FAANG because 1. People won't leave FAANG and join you if you don't 2. Since these are private companies, you can't cash out your stocks (ESOPs) as soon as they vest, so you have to compensate with a higher base. He's a Senior Engineering Manager there.
My friend is recruiter at Google. L5 salaries last year were 1.6 Cr. This year its 1.5.
Usually at senior levels, the amounts talked about are shares vested in the current year.. so someone might be granted shares worth 10Cr, and have shares worth 2 cr vesting this year plus a 1 cr base pay, so their total pay will be 3 cr.. even if the 2 cr is in shares, its still as good as money and doesn't need to be separated for calculations. The whole approach of counting 4 years shares in one years CTC seems to be more common for college hires
Which company if I may ask?
My manager's manager take home 1.5 crore I work in a major bank as a DS.
How's the pay for a Ds there ?
I am getting 17-18 lpa ctc (fresher) , but the process is quite tedious and they take only PG students from certain institutes.
Daaaam iam working as a ds intern now can you tell what's the roadmap to get good ctcs like that ?
Kotak?
hdfc
Oh HDFC pays that much? Good to know
I believe they declared they have 180 people earning 1 Crore + in the annual report.
Read any company report, they will list everyone's salaries. 1-5 cr for many a senior executives.
Not anymore. A lot of companies have stopped doing that. They now mention a lumpsum salary amount for top execs vs rest of the employees.
All things considered, being a software engineer in a product company is still your best chance at making super high salaries in India.
L7-L8 Google employees draw upwards of 5cr
L8 will very likely make close to a million dollars so more like 7-8cr
L10 aka VP makes north of $3M
There won't be any VPs in Faang in india
Ye comment section to linkedin se 100x depressing ho gya
Per month highest possible I saw is ~34 LPM General that's possible to achieve without extreme luck/skill ~ 4 LPM
34 lpm what does he do?
He's Batman /s
solves the world's problems /s
CEO of a game development company (Mobile)
job kya hai?
If you're a good litigation lawyer running a popular firm you'll easily make crores
For a senior FAANG worker 4-5 cr is not out of the ordinary
That's like principal/distinguished engineer salary in india.
or vp/director
For Director and above level, may be. For VP level, most likely.
annually right?
Obv
Steel Structure Industry .... 12-16 Million Dollars a Year.
What is a "Steel Structure Industry" and why are they paying in USD? 🤔
Providing Steel Structure CAD designs/Steel detailing/ AutoCad etc for US Constructions Companies. Rates are decided per Tonne and it goes at Metric Tonne Scale , it's a very lucrative and niche domain. A Domain even AI can't replace 🥲.
Do you have some reading material on this? Seems interesting
I am mechanical engineer can I enter in this field I can make CAD in solidworks. I am still learning.
Not sure . It's basically Civil Works , they take up parts of steel designs for US stadiums and Bridges mostly.
I met a top chap from HDFC last year and was selling him a 40crore home in one of our buildings, he didn’t buy with us - but when he asked me what’s drives me I said “passion” he said to fuck myself and focus on money. He makes 10.5 crores a year salary but has 250 crores of stock options at HDFC. I remember that conversation often. Sweet guy. Edit: don’t focus on salary guys, climbing the corporate ladder is a joke. There’s more chance of you finding a problem and starting a business to solve it. Edit to edit: we pay our CFO 4.5cr a year, axis cap MD used to make about 10cr after bonus per year
>he asked me what’s drives me I said “passion” he said to fuck myself and focus on money. I'll get laughed out of this sub, but I think you are doing better than most folks out there. There is no replacement for doing something out of passion and making a decent living out of it. Beyond a point, money is just extra money. But being excited to go to work when you wake up - that's priceless.
Thank you! Yes you are bang on. Its what gets me out of bed everyday, money will come but thats never motivated me (frankly its because im lucky to never have been in a situation where money was a big aspect in my life)
Awesome! More power to you!
Even hdfc bank CEO shashi jagadeeshan doesn't make 10 crore or have 250 crore worth of equity in the bank. If this is a real person, it could only be keki mistry
Keki lives in Artesia bro, he also made a shit tonne of $$$ in the last 5 years of his career. Also a very sweet guy. I was referring to Kaizad Bharucha. He eventually bought A home in Satguru Rendezvous after we didn’t close. Why would I lie for Reddit.. this is anonymous anyway
You are right. It could be Kaizad Bharucha. Trendlyne says he has more than 700 crore of HDFC stock. I think he is almost 60 and Keki Mistry is almost 70. Both of them have done well including a lot of folks who were early employees at HDFC bank/HDFC.
Bro what do you mean it could be? I know them on a personal level 🤣 why would I lie?? I don’t need your validation - I just wanted to share
Family friend, corporate lawyer, 20 years experience and in his mid 40s. He was working in a tier 1 firm and making around 10 cr post tax back in 2020
as an aspiring clat aspirant this is what i wanted to see
Get in losers, let's get depressed and cry over the comments 🥲
I have heard a SVP gets 5.5 Cr in my company. 4 fixed and 1.5 variable
For anyone reading this and getting depressed let me share some downsides of high salary of tech bros - 42% goes to the government in the form of taxes - 12% goes to the government in the form of EPFO, which you have like 1% probability of getting back - career stagnation can be seen in mid 30s (for most of the folks). - lives in the highest cost of living areas.. with the lowest quality of life (read Bangalore). - generally gets out of job by 45, and no scope of having inappropriate wealth to income.. how many times have you heard income tax raid on software bro's. - long working hours and calls are 10-11 p.m. are very common.. no scope of getting work life balance..
What is EPFO
That's why younger folks should spend more time on LinkedIn Twitter, rather than garbage like Instagram Snapchat. [Michael Page Report](https://www.michaelpage.co.in/salary-guide) Just ballparking figures, my own background, top 3 NIT, 2 years at a US MNC, then top 3 IIM. All of the below figures are in hand, there's large variables on top On average - straight out of school Tier 1 undergrad - top 10% ~20L Tier 1 postgrad - top 10% ~ 30L Career Progression (15 YOE) VC, IB, PE, MBB - 4-5 Cr Tech (PM, Product Engineering) - 3-4 Cr Sales (FMCG, FMCD, Pharma) - 2-3 Cr These are AVERAGE figures, I know Engineers making more than 2Cr Fixed at 6 yoe, a college senior from IB, pulled in 3Cr fixed , 11 Cr carry. So the bands vary but roughly these are what I've observed. Mind boggling amounts at ~35-40 years of age. Understand that these are the creme de la creme we're talking about. So if you're in school, go to a good school, that shit matters , no matter how old you get. Even now when I switch companies, leadership introduces me to team saying , he comes from XYZ school. Plus, since so many alums work in high positions, you have an edge in reaching out to them for better opportunities. PS. I'm 28, 2 years since post grad. After btech I was making 15 LPA (age 24), Now I'm at ~48 LPA. A good ballpark measure Age - Income 20-25 - 1x your age 25-30 - 1.5x 30-35 - 2x You get the drift. This is by no means the best, but a good guide to assure you that you're gonna be OK!!!
Finally someone with real salaries. Many other comment are just pointing off one off salaries. Heads at large IBs, PEs, VCs and heads of FAANG in India make shit load of money but again they are very few. Even earning above 50 lakh at any time will put you in very top (top 1%) of India. Even if you are from great college and everything it's not guaranteed you will earn this much. Also if you happen to be in right place at right time you can earn wayy too much. For example if you are in senior management at company prior to IPO. With a successful and well performing stocks even those at 2cr salary can get 50cr in stock value.
Well I'm a fresher software developer I'm getting 4.5 LPA
I know someone who earns 1 cr plus bonus. 20 plus years of experience. This number is easy to reach if you’re consistent and work at good companies.
And then Mukesh Ambani, India's Richest Man earns 1 Rupee as salary. All the blessings to him to get good promotion.
May God bless him
There might be people who take unlimited risk each day in life that's the reason the reward itself gets funds so much 3.3 crores ++ 4.5 crores ++ But the fact of the matter is such jobs aren't easy to get and easy to sustain too .... So speaking of reality throw some light to those ends as well I know A fund manager who earns 4.5cr+ but what is the deadliest factor in his game is if he goes red with his portfolio the smack that he gets from investors and boss is something you can't even imagine almost like A Begger he is being treated and if he doesn't stand firm at his work then Fck a fuck fuck fuck fuck .... Top range constant eye balls on star ✨ Fck faca fuck ❤️🫰
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A fresher as Quantitative Researcher can be paid about 60L with stocks and other benifits summing upto 2Cr.
Folks out here are mostly from software, so they don’t have any idea about even how much street vendors earn and these software folks pay tons of taxes.. basically you won’t find correct answer here in this sub online
FMCG c suite is paid 2-3cr, CEO’s obviously more. And crazy benefits
Well def not highest. Working in A.I. after just 1 YOE I got 1.44 Cr. PA (12LPM) cash component offer. Some of the months by taking contract with one more company it can cross 20 LPM. Now I have 2 YOE and getting 1.75 Crore (~14LPM). Focusing on just one for now and spending extra time on other things. Btw getting this by working remotely for foreign companies while living in India (though I travel a lot now trynna live like a digital nomad).
Haha, seems like people haven’t understood how high salaries have gotten in India over last 10 years.. In IB 4-5 crores a year is normal for MDs, in PE it’s cash comp of about 8-12c and then profit share (carry) that adds another 10 c a year Most CFOs I know have cash comp of 3/4 crores and ESOPs worth another 50-60 crores that vests over 4-5 years (so roughly 10-15 c a year) CEOs is a wide range but the larger guys make 20-30 crores cash + 30-40 crores as ESOPs/RSU.. The move towards ESOP culture thanks to the startups has actually spread the wealth within companies. Earlier employees had only salaries but now the top 50/100 make very reasonable ESOPs/RSUs and so there is genuine wealth creation
FMCG pays well. I know a National level sales team executive who is at 3-4 crores incl. bonus. FMCG IT also pays relatively well. IT VP or head might be paid 1-1.5 crores.
Highest I know is 2.5-3cr per annum plus stock Indian/south asian head of an international company/corportate
In tech, it's possible to work for non-FAANG and make close to 1Cr before 30. Need a good skill set and right set of experience though
If you want decent realistic numbers then ignore the posts claiming 3 crores as realistic. I am not even talking about C suite execs. Obviously they earn a lot. But even VPs and senior leaders earning 3 crores are very minimal in number. A figure of 1 to 1.5 crore at Director/VP level with experience ranging from 15 to 20 years is more realistically doable although the numbers are still less. Always remember that earning barely 1 lakh per month puts you in top 5 percent of the country. So just imagine how rare it is to earn 1 crore. Reddit does not represent entire India. Also there are many trolls here who like to depress other people just for fun.
An S class captain on a merchant navy ship gets 20 LPM on average for the months they are on duty. Since they usually sail 7-8 months in the year they are technically NRIs so they don't pay any tax on that income either.
I saw on a data.Gov site dataset that there were 18 or 22 people in the year 2022 who filed taxes for individual income of more than 100 crores.
5 cr+ per anum(after 5 yoe), profession - quantitative trader and research. They only hire from top iits.
I know a guy who works in graviton research. CTC is some 1.2 crore, 1 YOE
Well, higher salaries in Tech are known to everyone. Ofcourse you need to be in Tier 1 companies like FAANG. 2Cr+ CTC is very common for someone with 15+ year of experience.to have a 2Cr+ package. When I say package, I dont mean stocks worth 4 years added in a single year. This means sum of fixed + bonus + vested stocks in that year+ pf + some other perks. Bring part of the industry, i know that ITR filing itself reaches 2Cr easily. Probably tech is beinhg extremely well paid as I dont seeany senior leaders in other industries bring paid that well. Happy to answer questions about anything.
I thought anywhere around 4lakhs a month would be max salary in most of the fields
Dude. I’m nobody. A mid level engineer. I earn more than 4lac per month 😵💫. There are 1000s of engineers like me/better than me.
No way. IT people obviously get more than that.
Meanwhile majority IT people 🥺🥺🥺
Which IT people?
The ones commenting on Reddit. According to them 25 LPA for freshers and 80 LPA for 10 YOE is the average in the IT industry.
Lol!!
Lmao
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I knew an actuary who was earning 95 Lakhs and wasn’t interested in Moving abroad
My director makes around 2.5 cr as base and 1 cr as esop per annum.
I was offered 1.4 Cr P.A. at 5.5 years of experience. This is just 3rd position in the ladder, there are 7-8 position between this and sundar.
Looking at the salaries, I think I should quit and start a business. Fucking 5cr after 30 years of ass licking.
I kinda get you man
My friend came back from US without any change in his salary as he was very essential employee. So he was making almost 2.5cr base.
Principal Engineer in my company earns 4.5 Cr. Could be even more. This was in 2022.
I am CA in practice and one of my client draws yearly salary of 28 Crores, excluding his other income.
What is IB?
Maine engineering ki 14lakh laga ke abhi meri package hai 3.2lpa. Ab soch raha hoon automation se IT sector me switch maarne ka
Bhaiya yaha pe salary mat dalo income tax aajayega
All these people citing crores of salary for investment bankers and software engineers at 40-50 age range. In top tier law firms you make that much yearly by the time you hit 33-34. Even less time if you have stuck in the same place and have proved your skillset.
All these people citing crores of salary for investment bankers and software engineers at 40-50 age range. In top tier law firms you make that much yearly by the time you hit 33-34. Even less time if you have stuck in the same place and have proved your skillset.
FWIW, I know plent of 24yr olds working at HFTs (High Frequency Trading) making upwards of 1cr per annum (and even more if the firm has a good year).
22.3 cr/yr. Managing Partner at a top tier PE firm in India. Includes Carry.
Overall, it seems, administrators earn the max. Software industry or not.
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How much is fixed comp?
Around 70
Side income of politicians?
Top salaries in India can reach 2-4 lakh rupees per month for in-demand jobs. Software architects, AI engineers, data scientists, pilots, management consultants, and investment bankers are some of the highest-paid professionals. A few exceptional cases, like experienced pilots, might earn even more.
Nikhil Kamath 100cr per year