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Salaries going insane

 
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A friend of mine who has almost 4 years experience, and he was drawing less than 5L/pa, now he's been selected in another company here (lesser known company) and he'll be getting 8L!!!

No wonder ppl who got paid very less during 2001-2002, are hopping jobs every 6 months now to get better deals!!!

- Manish
 
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Originally posted by Manish Hatwalne:
A friend of mine who has almost 4 years experience, and he was drawing less than 5L/pa, now he's been selected in another company here (lesser known company) and he'll be getting 8L!!!



Yeah it's happening. Some are getting close to 9L also with 4 yrs of experience.
 
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Stand outside any ATM and somebody approaches you will half filled form and asks whether interested in Credit Card etc.Some people are drawing like crazy.1 week back Carritor Inc gave 6 campus offers in one college,salary-17K per/month!!and these guys have just passed 3rd year and entering last year!!
Let the bubble burst again .
 
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Originally posted by K Varun:


Yeah it's happening. Some are getting close to 9L also with 4 yrs of experience.



This is definitely a huge amount. Just wondering if this is becoming a norm in India to get around 8L p.a. with 4 yrs. experience or is it the case that whatever you have quoted are exceptions?? Even if this is true, I guess the salaries will rise only to a certain extent after which there might not be a tremendous increase.
 
Arjun Shastry
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I think initally these salaries were exceptions but now I hear many people are getting these kind of salaries.I think main reason is bcos stylish offshore shops are offering good salaries compared to Indian ones.
Definetely there will be an upper limit beyond which salsry can not increase.
4 years Software/Programming experience,how much he earns in USA/UK?say $60,000
Now Rs 8,00000 per/year thats approx. $17,777 ,still alot of gap.Shops can hire another person additionally and still save money(if everything goes smooth!!)
 
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What is an L?

Thanks
 
shankar vembu
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Originally posted by Mike Gershman:
What is an L?

Thanks



L = one lakh = 100,000.
And the figures mentioned by the OP is in IR(indian rupee)
[ August 31, 2004: Message edited by: shankar vembu ]
 
Arjun Shastry
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L = Lakh = 1,00000
Cr = Crore = 1,0000000
 
Mike Gershman
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So 1L = $2160 US?
 
Arjun Shastry
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The currency rates are not constant.Today its 46.1849.
Means 1 US$ = 46.18 INR

so Rs 100000 = $2165
 
Manish Hatwalne
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The dollar rate actually payable is lower around INR 45.85 or so.
Back to original topic, A few monts ago I would have thought that this is one of the top range salaies for around 4 years experience, but now many companies (even mid-size, lesser knowns) seem to be paying such high salaries easily. This guy had asked for around 6/p.a. since he was drawing around 5L/p.a. but they decided to pay him 8L!! For 5 years experience, it should be even higher, around 10L with other benefits attached.

Can't help if programmers are hopping jobs now, they were exploited during 2001-2002 by most companies as market condition was bad. So now that they have so many lucrative options, they'd be tempted.

- Manish
 
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I feel people in india are getting good salaries than those who live in abroad. I think its time to go back home......
 
Manish Hatwalne
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Originally posted by Rajan Chinna:
I feel people in india are getting good salaries than those who live in abroad. I think its time to go back home......



Nah, that's not true!!!

If you are an NRI, the sal is around 75K-100K/p.a for 5 years experience. My batchmate who was just average is drawing about 90K/p.a.in US because he managed to get a good deal 4 years ago.

- Manish
 
shankar vembu
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Originally posted by Manish Hatwalne:


Nah, that's not true!!!

If you are an NRI, the sal is around 75K-100K/p.a for 5 years experience. My batchmate who was just average is drawing about 90K/p.a.in US because he managed to get a good deal 4 years ago.

- Manish


Well, 75k$ >> 8L INR. Agreed. But think about the standard of living of someone in India earning 8L INR when compared to someone abroad with 75k$. I am sure his/her buying power would far more exceed. In this sense, what Rajan says is indeed credible.

[ September 01, 2004: Message edited by: shankar vembu ]
[ September 01, 2004: Message edited by: shankar vembu ]
 
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If it reaches the 20K level outsourcing will reverse. Compare this with a fresher who still get around 2-4K PA. I think this is temporary swing.

Originally posted by Arjun Shastry:
I think initally these salaries were exceptions but now I hear many people are getting these kind of salaries.I think main reason is bcos stylish offshore shops are offering good salaries compared to Indian ones.
Definetely there will be an upper limit beyond which salsry can not increase.
4 years Software/Programming experience,how much he earns in USA/UK?say $60,000
Now Rs 8,00000 per/year thats approx. $17,777 ,still alot of gap.Shops can hire another person additionally and still save money(if everything goes smooth!!)


[ September 01, 2004: Message edited by: Kripal Singh ]
 
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Originally posted by Rajan Chinna:
I feel people in india are getting good salaries than those who live in abroad. I think its time to go back home......



Let us exchange jobs.
 
Pradeep bhatt
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Yeah it's happening. Some are getting close to 9L also with 4 yrs of experience.



ARe you one of them?
 
Varun Khanna
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Originally posted by Pradeep Bhat:


ARe you one of them?



NO
 
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Yeah it's happening. Some are getting close to 9L also with 4 yrs of experience.



Can you name a few companies which are playing this kind of salary.
 
Varun Khanna
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Originally posted by Basudev Agrawal:


Can you name a few companies which are playing this kind of salary.



BEA Weblogic, Trilogy ....
 
Pradeep bhatt
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Originally posted by K Varun:


BEA Weblogic, Trilogy ....



BEA weblogic pays 12 lakhs for 6 years exp, 11 lakhs for 5 years. I shoudl have applied there.
 
Manish Hatwalne
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Originally posted by Pradeep Bhat:


BEA weblogic pays 12 lakhs for 6 years exp, 11 lakhs for 5 years. I shoudl have applied there.



11L for 5 years exp, that too with BEA's name!!! WOW!!
That's more than whatever I have heard, is that a programming posiion or a PM level stuff? Where is this? In Banglore or...

- Manish
[ September 03, 2004: Message edited by: Manish Hatwalne ]
 
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Originally posted by Manish Hatwalne:
[QB]
PM level stuff? Where is this? In Banglore or...
QB]



Yup! has to be 'Bangalore'
 
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I have 2 years of experience,How can I get into BEA?
I have always dreamed of getting into BEA.
[ November 22, 2004: Message edited by: astalavista cool ]
 
Manish Hatwalne
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Originally posted by astalavista cool:
I have 2 years of experience,How can I get into BEA?
I have always dreamed of getting into BEA.

[ November 22, 2004: Message edited by: astalavista cool ]



Seach for the "RIGHT" opportunities, shouldn't be difficult for you. You already have a search engine embeded in your name, and youre so 'cool'!!!


- Manish
 
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"astalavista cool",

Welcome to JavaRanch.

Please look carefully at official naming policy at Javaranch & reregister yourself with proper first & last name, with a space between them. Please adhere to official naming policy & help maintain the decorum of the forum. The naming policy can be found at http://www.javaranch.com/name.jsp

--Mark
 
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Originally posted by Manish Hatwalne:
A friend of mine who has almost 4 years experience, and he was drawing less than 5L/pa, now he's been selected in another company here (lesser known company) and he'll be getting 8L!!!

No wonder ppl who got paid very less during 2001-2002, are hopping jobs every 6 months now to get better deals!!!

- Manish



I heard from a friend from Goa that this had been happening there a couple of years ago. And that they were hiring kids straight out of high school.

This is probably not a bubble, its just the supply and demand equation working to do to Bangalore what it did to Palo Alto in the '70s and '80s. At one time Stanford University was "The Leland Stanford Junior Agricultural College" and Palo Alto was mostly apple orchards.
 
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Originally posted by shankar vembu:

Well, 75k$ >> 8L INR. Agreed. But think about the standard of living of someone in India earning 8L INR when compared to someone abroad with 75k$. I am sure his/her buying power would far more exceed. In this sense, what Rajan says is indeed credible.

[ September 01, 2004: Message edited by: shankar vembu ]

[ September 01, 2004: Message edited by: shankar vembu ]



I dont know about rest of India, but standard of living in US is better than standard of living in Bombay, even if you earn 40K.

I guess many people have differrent definitions of standard of living. When I hear "standard of living" , I think of things like "kind of schools, pollution, cleanliness, crime, kind of roads, commute"
 
Pradeep bhatt
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Originally posted by astalavista cool:
I have 2 years of experience,How can I get into BEA?
I have always dreamed of getting into BEA.

[ November 22, 2004: Message edited by: astalavista cool ]



I would warn you that very few are getting good work.
 
Arjun Shastry
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Originally posted by peter wooster:

I heard from a friend from Goa that this had been happening there a couple of years ago. And that they were hiring kids straight out of high school.


Yes,it sarted around early nineties,slowed down during 2001-2002 and after that started again.Hiring straight out of high school?Mainly people are hired from colleges/universities


This is probably not a bubble, its just the supply and demand equation


Yes its not complete bubble but situation can changed anytime.Majority of these jobs are imported ones.Majority of foreign shops do not purchase the land and construct the buildings on their own but purchase on lease for a some period.They outsource their cafeterias,PC support,equipment etc to others.


working to do to Bangalore what it did to Palo Alto in the '70s and '80s.


I doubt.
 
Sachin Patil
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This is astalavista.
I have changed my name to according to naming policy
 
Sachin Patil
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Does someone have any knowlage about the selection criteria(academics) & process of BEA Bangalore ?
Do they consider academics as important as infy & patani? Because I m not from IIT or REC.
 
Arjun Shastry
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Search for BEA on monsterindia.com . They haven't specified anything crazy related to education.
For Senior Developer Relations Engineer they want:
1)ability to solve complex technical problems.
2)Must be willing to work in night hours.
3)BE(computer science with 4+ years experience)
For webLogic porting engineer they want
1)Candidate must be willing to relocate to Bangalore if not already there.
2)The candidate must be willing to travel overseas on as needed basis

For Development Engineer they want
Excellent oral and written communication skills
� The candidate must be willing to travel overseas on a need required basis.
� Candidate must be willing to undertake development or QA assignments as required by the needs of the business.
� The candidate must be a self starter and be willing and able to learn new technologies either on their own or in a classroom setting.
� Candidate must be willing to relocate to Bangalore if not already there
Here

What I found surprising is on their website (www.bea.com)none of the Asian Country(except China/Taiwan) are mentioned.After some google search I found they have another proxy site for them.Thats BEA too
 
Sachin Patil
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Well, my degree is in Mechanical Engg.
Would this be problem for me?
 
Arjun Shastry
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Most possibly not.(But get prepared for answering pully chain/thermodynamics problems!! )
 
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Originally posted by Basudev Agrawal:


Can you name a few companies which are playing this kind of salary.



adding, Daimler Chrysler, Bangalore.
 
Sachin Patil
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Arjun,
Most of the jobs you mentioned in BEA seem to of Support.
Don't they hire Developers?
Could anyone from BEA share his experience of selection process.
 
Arjun Shastry
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Qualcomm India Hyderabad is giving like crazy.Salary? 2 to 3 years experience is 6.5 to 7 Lakhs/year.
Skills:CDMA/Wireless/DSP/protocol stack/C/C++
 
Pradeep bhatt
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Originally posted by Sachin Patil:
Arjun,
Most of the jobs you mentioned in BEA seem to of Support.
Don't they hire Developers?
Could anyone from BEA share his experience of selection process.



They have openings in Quality/testing also. Development? Forget it.
 
Pradeep bhatt
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Search here for India jobs

http://www.bea.com/framework.jsp?CNT=find.jsp&FP=/content/about/careers/

There are some Portal openings.
 
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