Time to quit programming?

[Rambo Prasad]

Read this..

IIM-Bangalore highest pay package this time was 1,92,000 $ (84 lakh)...about 1/3rd of batch placed abroad(avg:$1,00,000)..Highest domestic offer:30 lakh..Average domestic salary for freshers :10 lakh..

When such things are hapening is it wise to stay as a programmer??

Read this..
http://economictimes.indiatimes.com/articleshow/1449705.cms
[ March 20, 2006: Message edited by: Rambo Prasad ]

[Manish Hatwalne]

Interestingly, guy who was offered 30 LPA refused the offer because he wasn't willing to relocate to Mumbai!!!

- Manish

[Kj Reddy]

If money is the only driven factor to our careers then we may not be happy even in any field.

[Manish Hatwalne]

Originally posted by KJ Reddy:
If money is the only driven factor to our careers then we may not be happy even in any field.

Well said!!!

But one does tend to compare contemporary salaries in order to get an idea fo what are the market trends and how each industry is doing and many people do indeed plan career which would be lucrative. If that wasn't true, there wouldn't be so much talent rushing to the software industry in last few years. And many colleges are not even getting full no. of students for courses like Civil Engineering.

Secondly it is scary to see salaries of MBA students rising to this level, as we have recently seen -- ppl tend to take these things for granted and feel underpaid if it is below 10 LPA (10 LPA was an average salary there)

Wonder where we are headed...the divide seems to be getting larger & larger and it would sure have its own share of socio-economic repercussions.

- Manish

[Ramesh Choudhary]

"Intelligence has nothing to do with making money" - George Bernard Shaw

I second KJ's views. One may aim for better work, but going after money alone is fatal.
[ March 15, 2006: Message edited by: Ramesh Choudhary ]

[Rambo Prasad]

But if you are intelligent and dont make money your intelligence is useless....You are as good as a dumbo...

[Ramesh Choudhary]

But if you are intelligent and dont make money your intelligence is useless.

This is a misnomer. How much did Abdul kalam, ramanujan, C.V. Raman earn? They are better respected than some management pig heads in our IT companies(Inspite of earning 6-7 figured salary per month)

[Kj Reddy]

Originally posted by Rambo Prasad:
But if you are intelligent and dont make money your intelligence is useless....You are as good as a dumbo...

Not exactly. You choose your intelligence to achieve what you want in life. Every intelligent may not have desire just to earn lot of money. Can we say Indian President Abul Kalam is less intelligent compare to other Indian rich people as he do not have as much money as Indian rich people. Intelligence of a person can not measured by how much money he earned. Other example the great mathematician Srinivasa Ramanujan.

[Kj Reddy]

Originally posted by Ramesh Choudhary:


This is a misnomer. How much did Abdul kalam, ramanujan, C.V. Raman earn? They are better respected than some management pig heads in our IT companies(Inspite of earning 6-7 figured salary per month)

I just thought same thing Ramesh, which you can see in my previous post
[ March 15, 2006: Message edited by: KJ Reddy ]

[Sam Codean]

Well what about Abdul Kalam's Family cribbing that he did not do anything for the family?
Money does matter and a balance of both is what is required. Not just one of it. That is my say on it.

[Ramesh Choudhary]

just thought same thing Ramesh, which you can see in my previous post

Strange Coincidence isn't it .

[Manish Hatwalne]

But intelligence itself is of multiple types....and one mauy have A type of intelligence and may not have B or C type of intelliegnce. Making money itself is a skill that can be acquired irrespecive anything else. Whether our education system tests one's intelligence or not is another debatable question...we just can't have such oversimplified view of life/education/career and money. It's ridiculous...

All that I understand from this news is that IIM grads are considered as highly qualified management people, and their salaries are soaring to the incredible level. All that we are putting in-between otheriwise are our implicit assumptions/views which may be valid for some people and may not be valid for others.

There are numerous entrepreneurs in India & abroad who have made lots of money and have contributed significantly for better because they believed and worked for their own unique vision, they may or may not have ben considered "intelligent" on whichever parameters they were assessed in their schools/companies etc.

- Manish

[Arjunkumar Shastry]

Originally posted by Ramesh Choudhary:

This is a misnomer. How much did Abdul kalam, ramanujan, C.V. Raman earn? They are better respected than some management pig heads in our IT companies(Inspite of earning 6-7 figured salary per month)

Well,there are many IT people who are equally respected.Middle class educated youth who are looking for jobs don't want to listen to heroic acts or patriotism.They want jobs for earning and living and cosuming the items.Entry level management salaries are on rise because companies are earning more profits.Barclays Capital must have thought ten times before giving that student a salary of $193,000/year.and there are people(even from these 'elite' institutes) who have declined the high paying jobs and started something on their own.

[shan Iyer]

IIM-Bangalore highest pay package this time was 1,92,000 $ (84 lakh)...about 1/3rd of batch placed abroad(avg:$1,00,000)..Highest domestic offer:30 lakh..Average domestic salary for freshers :10 lakh..

You are right Rambo. Technical people might not see much money in their life time. These guys will go on to become CEOs and we have to work under them

[S Venkatesh]

when will we get such a good offer?

[Pradeep bhatt]

Originally posted by shankar Iyer:


You are right Rambo. Technical people might not see much money in their life time. These guys will go on to become CEOs and we have to work under them

Why dont you open a new company and become CEO ?

[Gagan Indus]

Other than generally agreeing to the money_isn't_all camp, when i hear about such big amounts being paid to people pursuing any career X, certain things comes to my mind

- If companies are paying huge amount for career X, then career X must be well sought after (read better demand/supply alignment, stability), unless it involves direct risks to your limb/life. Who doesn't want to pursue a safe sought after career? (if you are so much in demand to be paid high today, its likely to be more stable career in long run -- plus you 'll have more choices at each career juncture etc)

- If companies care enough to pay these people that high, they must be flexible enough to let these people control/influence how to run the show (read authority). Or if its technical work, it must be some kind of niche domain too (possibility to learn and apply some exclusive stuff). And sounds like they will buy you best of the people/process/technology/tools to do your job too. I guess that�s an appealing argument for a creative person?

- Being paid high amount for career X lets one take care of the family/health needs easily. So one can save enough in earlier years and maybe less than a decade down the line, one can start their own thing. To apply own ideas, be creative and find nirvana for his/her intellect etc, and give back to the society in own way.

While the examples of President Abdul Kalam are good ones and i agree to them, but i don't think it is just about saying no to the money. In the mainstream, the appeal of high paying career can be bit more than just the money associated.

[Rambo Prasad]

when will we get such a good offer? [banghead] [banghead]

Sai,Dont worry you will get soon in your dream..

[Kj Reddy]

Originally posted by Gagan Indus:

While the examples of President Abdul Kalam are good ones and i agree to them, but i don't think it is just about saying no to the money. In the mainstream, the appeal of high paying career can be bit more than just the money associated.

I am not saying no to money . We are just saying do not go behind money at the cost of your career or do not get upset because some one else making more money.

[shan Iyer]

Why dont you open a new company and become CEO ?

Hi Pradeep,
which shop sells *COMPANY*

[S Venkatesh]

Originally posted by Rambo Prasad:


Sai,Dont worry you will get soon in your dream..

can't dare to dream also about that
[ March 17, 2006: Message edited by: Venkatesh Sai ]

[Pradeep bhatt]

Originally posted by Shankar Iyer:


Hi Pradeep,
which shop sells *COMPANY*

Government.

[shan Iyer]

Government.

Then let us think higher, and form a GOVERNMENT

[Prashant Tejura]

http://worldsoccer.about.com/cs/soccerstars/p/becks.htm

The salary quoted by you is a little lesser than David's WEEKLY pay!

Forget IIMs, lets play football!

[Arjunkumar Shastry]

or you can join Police Department and get transferred to some big cities/towns.Cops get low pay but their side incomes are heafty.


Houses of a deputy superintendent of police and four inspectors raided
Rs. 23.52 lakhs cash found in an officer's house in Judicial Layout; his assets amount to Rs. 15 crores
Inspector owns and lives in a house worth Rs. 1.5 crore; another owns a house worth Rs. 2 crores

Lokayukta raids in Bangalore

[Rakesh Joshi]

Money is not only driven factor in our life....

In Mumbai one Vada Pawe Walla Earn 3 LAKH per Month...And a Baggers per day earn 2000 Rs.
So It doens't mean that we will also do that...Only for money...

[Kj Reddy]

Originally posted by Rakesh Joshi:
Money is not only driven factor in our life....

In Mumbai one Vada Pawe Walla Earn 3 LAKH per Month...And a Baggers per day earn 2000 Rs.
So It doens't mean that we will also do that...Only for money...

Well said. We can jump into other fields just because of money.
[ March 17, 2006: Message edited by: KJ Reddy ]

[Rambo Prasad]

Well I wasn't comparing programming with selling vada pav or begging..I am comparing programming with management jobs......

Anyways, if you cant lay your hands on grapes dont proclaim and assume that the grapes are sour...

[Anjali S Sharma]

Originally posted by Rambo Prasad:
Well I wasn't comparing programming with selling vada pav or begging..I am comparing programming with management jobs......

Anyways, if you cant lay your hands on grapes dont proclaim and assume that the grapes are sour...

So when are you resigning from your job, after all its time to quit IT ...

[Rambo Prasad]

So when are you resigning from your job, after all its time to quit IT ...

Well,I choose slightly misappropriate words for the topic...I have changed it to :Time to quit programming"...

The answer for your question is soon in a years time...

[Higgledy Smith]

Originally posted by Sam Codean:
Well what about Abdul Kalam's Family cribbing that he did not do anything for the family?
Money does matter and a balance of both is what is required. Not just one of it. That is my say on it.

When you are supporting a family --I agree.

[Rambo Prasad]

This is a misnomer. How much did Abdul kalam, ramanujan, C.V. Raman earn?

I wonder how many people here are CV Ramans and Abdul Kalam???

I dont intend to be one or to be frank I have no scope of being one....

[Rakesh Joshi]

I wonder how many people here are CV Ramans and Abdul Kalam???
I dont intend to be one or to be frank I have no scope of being one....

I think in india only one Abdul kalam and only and only one CV Raman.
Other are clone (Abdul kalam ,CV Raman) ...if u have seen more then one.....

[Rambo Prasad]

Now ISB (Indian school of business) better the record of IIM's...4 students have got more than Rs 1 crore offer...

http://www.hindu.com/2006/04/06/stories/2006040612860100.htm

HYDERABAD: If it was a dramatic shift in careers, equally sensational was the global salaries offered by Indian companies for the 2006 batch students of the prestigious Indian School of Business (ISB) here, with one of them receiving the highest of Rs.1.04 crores ($2,33,800).

Describing "placements-2006 as a great success," ISB dean M. Rammohan Rao told a news conference on Wednesday that the offer of Rs.1.04 crores was the highest international annual salary ever and was up 29 per cent over 2005.

Four students, including two women, bagged offers that crossed $ 2,00,000, comparable to international B-Schools. The average international salary of $1,20,700 (Rs.53.5 lakhs) showed a 21 per cent increase compared to last year.

Declining to name the company that offered the highest salary, Prof. Rao said that it was for an international position by an Indian IT company. Incidentally, the highest number of offers (41 per cent) was from IT consulting. Of the 345 students belonging to 2006, as many as 328 participated in the placements process with over 145 companies visiting ISB for recruitments.

Prof. Rao said the highest domestic salary this year stood at Rs.30.34 lakhs (up 44 per cent), while the average Indian salary was Rs.11.77 lakhs, showing an increase of 18 per cent compared to 2005.

Women students accounted for 19 per cent of the total class. The highest offer for a woman student was $ 2,23,400 (Rs.1.01 crores). The top domestic offer for women students was Rs. 20 lakhs while the average salary was Rs. 9.89 lakhs.

An interesting trend witnessed this year was that increasing number of students preferred domestic offers to international ones. Some of the new emerging areas that offered jobs were strategic media consulting, real estate consulting, healthcare services and rural education.

Prof. Rao said that exciting new career was the prime criterion and not necessarily the "big bucks". More than 30 students declined high salary packages in their quest for taking up jobs that best fit them.

Swathi Singh, who is taking up an assignment with a foreign real estate firm, said that she switched over from Merchant Navy as she was interested in a leadership and financial role...

[Rakesh Joshi]

Rambo

The answer for your question is soon in a year�s time...

Now u will be confused�.Weather to choose IIM- A or ISB
Wait some more time u may get bigger news than this�..
[ April 05, 2006: Message edited by: Rakesh Joshi ]

[nishwas mahindra]

Even bollywood can be a option.
They pay 0.5 to 5 crore per film to all khans,kapoors and kumars.
javascript: x()

[Karthik Guru]

Originally posted by Rakesh Joshi:
Rambo
Wait some more time u may get bigger news than this�..

Yeah 50% reservation
Its amazing. Imagine the class composition. 50% on merit and the rest through reservation. I wonder if govt has a way to fix this problem. and I can't believe that one s'd be granted admission on the basis of caste even at the level of PG! Give scholarships damn it!..from 1st grade or kindergarden. Devise ways to fix the problem at the root.

[Shipra Verma]

Grass is always greener on other side . MBA's making upward of 150K have little or no personal life . In the long run career satisfaction do matter .

[Vis Deo]

This type of salary pay creates economic imbalance and not good for long run. For e.g. high salary people will be ready to pay RS 200 for 1 kg onion and then vegetable man may not even sale food for needy person who may be earning just RS 1000 per year.

Young age getting this high salary doesn't even teach them value of the money. They are ready to spend it like water. This is not at all good for India's future.

[Edwin Dalorzo]

Well, this thread was first initiated under the supposition that programming is worthless unless we have a chance to get rich with it.

We ask all the time why other professionals make more money than us.

I believe that is not the question, the question is, do you make money enough to live confortably?

And we all know the answer to this question. It is an everlasting, endlessly and repeating NO.

No matter how much money you make, you will always want more. I have had all kind of sallaries in my country, and the more money I make, the more money I want.

Hence, the best thing you can do is not to ask how much money your partners at work make. That's what I do, I do not care, I do not want know. I know some of them make less than me, even having more years than me there, and other make more. I only care about one thing, that I feel that I receive a good price for the work I am doing.

This question goes beyong the working environment, it is not about my coworkers making more money than me, it is about other professionals like me in other companies, or professionals like me in other countries.

For example, I know that professionals in the US earn 6 or 7 times my anual salary here, and I am considered well payed in my country.

Should I quit programming because my fellow americans make more money than me?
Should I quit programming because my coworkers make more money the me?

There is only a correct answer to this:

If you a have an idea about how to make, legally, more money than them, working the same or less than them, then by all means. quit programming now!

Otherwise, do not quit just for money. Quit for you are tired of the constant and endless change, or because you're tired of working with computers, or because you're fed up or repairing somebody's else code, or whatever othe reason. But not for money, because you will face the same fate in all professions.

When you are a project manager, you're going to come here to ask why the project directo makes more money than you.

Regards,
Edwin Dalorzo.
[ April 08, 2006: Message edited by: Edwin Dalorzo ]