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Job Market & Salary in India

 
Greenhorn
Posts: 23
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Hi Folks,
I am a new member to JavaRanch. I am working with a firm (ibanking div) for the past couple of years... totally I have 6.5 years of experience in i-banking & financial services technology (total exp is 6.5 years) and drawing approx - Fixed 13.8L + 3.5L... Its the same salary I joined the firm and I haven't had a hike for the past couple of years and not sure whether I would be getting any in this scenario... I am contemplating a shift due to personal reasons as there is stagnation in my role..
To retain me they are giving me two options -
Relocation to London - 65K Pounds + Bonus
More Managerial Role in India -> Probably 10%-15% hike

How does the offer sounds in London... It will be an individual contributor role...

How is the offer in India... Its not as high as product company, search engine one etc etc and the kind of work I am doing here is getting routine and probably I would get better challenging work in those firms and bit relaxing atmosphere compared to ibank ...
I do here that Bangalore salaries are pretty high compared to relatively lower cost places like where I am .... Any take on the kind of hike companies are offering in this recession.. Is 30-40% pretty good?

Thanks in advance
 
Greenhorn
Posts: 29
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on which technologies do you work? if java then how come you are new to javaranch because anyone who work in java for more than year, visit javaranch very regularly.
 
Subramani Shiva
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Digvijay Kumar wrote:on which technologies do you work? if java then how come you are new to javaranch because anyone who work in java for more than year, visit javaranch very regularly.



Not sure why you are asking unrelated stuff like " if java then how come you are new to javaranch because anyone who work in java for more than year, visit javaranch very regularly" considering that your joining date in javaranch is just october of this year ! I have been visiting javaranch for updates for past few years but haven't registered though.
Folks, My skill sets are very limited in terms of quantity...
I have been working purely only core java, messaging(tibco, proprietary stuff etc) and sql (no j2ee and any other technology in my skill set) + domain experience in IB proprietary OTC trading of various cross products... I am contemplating shifting out of ibank domain for less hectic lifestyle as I am getting married in few months and banks (esp. trading divisions) are very less flexible in terms of work culture in numerous ways and its wearing me off after being in wallst for couple of years and then from India working across timezones as the knowledge and exposure is pretty drastically less compared to sitting on trading floor in nyc and visibility is also pretty low in offshore.... there is no love of technology/joy of coding culture and every work done is firefighting and patching to get it done and no one cares about anything as long as the code works for traders...

People with product companies - how is the importance given to the joy of coding /love for technology for the deliverables - i.e emphasis on various standards and how design, coding is done etc rather than whether stuff just works at any cost.....?
How is the market in Bangalore and what sort of hikes those big companies pay...? How is work-life balance @ London and is the package reasonable? I loved NYC but work culture is very very hectic @ the bank there....
Please advise. Thanks a lot
 
Rancher
Posts: 425
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Digvijay Kumar wrote:if java then how come you are new to javaranch because anyone who work in java for more than year, visit javaranch very regularly.


Is that a rule? And how is it related to the OP's question anyway?

Subramani Shiva wrote:How is the market in Bangalore and what sort of hikes those big companies pay...?


I do see a lot of job advertisements these days in Bangalore. The salary you are offered depends on your profile and the company's requirements. I recently heard about a big MNC offering a mere 12% hike on the current salary for a Java/J2EE person with 4+ years of experience.
 
Ranch Hand
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J2EE has become just a common skill these days with more number of people having the market ready skill set.
 
Ranch Hand
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Hey hi,

I cant comment on Indian job market as Im working out of India for almost 2 years now. However, I can comment on the package you are being offered in London and ibank working environment.

As far as I understand 65K+bonus should be good, provided you do your search on cost of living and what else can be hidden cost. Working in London should be really good as you will work more closely with trading desk. Again it depends on which team you are workinng i think the nature of coding style you have mentioned is more suitable for front desk dev team in banks where one needs to get strategic solutions quickly on floor for traders, I personally think working in such team is that you get to know business better than core development team who works on long term solutions.


 
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