advice on pay package

[Nirmalkumar Mohankumar]

Hello Ranchites..

One of my very close friend is in the verge of getting an offer from a top MNC, Chennai. He has about 6.5+ years of exp in IT industry. He has been offered as a
Sr. Business Analyst Designation. What is the pay package he can expect assuming his current package is 7.5 LPA. Please help!!

Wanted to know what is the industry standard package for a Sr.Business Analyst with 6.5+ years experience.

[Chan Ag]

Welcome to the Ranch.

Nirmalkumar Mohankumar wrote:Hello Ranchites..

One of my very close friend is in the verge of getting an offer from a top MNC, Chennai. He has about 6.5+ years of exp in IT industry. He has been offered as a
Sr. Business Analyst Designation. What is the pay package he can expect assuming his current package is 7.5 LPA. Please help!!

Wanted to know what is the industry standard package for a Sr.Business Analyst with 6.5+ years experience.

Actually the definition of a 'Top MNC' has many aspects. Some ( not all ) of the very big companies ( number of employees ) aren't very good pay masters. I'm not sure what you mean by 'Top MNC' -- do you mean one of the Forbes' top 100 companies?

Anyway I think the answer to your question depends on the kind of experience, and work profile your friend has. It also depends on his/her technical/functional ( functional/domain even more cause he/she is a business analyst ) skills, secondary skills and so on. It also depends on his/her performance in the interview/test, his/her current compensation, and the policies of the company in question ( in fact I think it depends a great deal on this last factor ). Every company has its own standards and policies but you must already know that. I think 7.5 LPA for a 6.5+ years of experience must already be below the industry standard range so your friend can expect a good hike but like I said it depends on a lot of factors.

[Nirmalkumar Mohankumar]

Chan Thanks for the reply..

[Nirmalkumar Mohankumar]

What I exactly mean hear by the top MNC is companies belonging to Fortune 100.

He is completely in to functional role... in to ITIL services consultation. His primary job is to draft solution for a RFP. Basically in to BD activities.

He is a MBA candidate and got about 5 certifications in ITIL

More over he has a good knowledge in Java including spring and hibernate.

Considering all these what can he expect.

[Chan Ag]

Sorry. No idea. Anybody else?

[Maneesh Godbole]

In India, if you want good work experience, challenging work, salary, learn something new....avoid the so called MNCs like a plague. The only reason one would want to work for an MNC is brand value in the marriage market.

What does your very close friend think his value is worth? You say he has done his MBA. Surely he knows how to search on job sites for his kind of profiles and see what the market is right now? I agree with 7.5 being low for 6.5 years experience. Any idea why this is so? On a related note, the MNC's will negotiate a % on this amount. Thats another drawback to consider.

Overall I agree with Chan. Lots of factors come into the picture. Impossible for anyone to tell you offhand.

[Jayesh A Lalwani]

So, first you work for a MNC, get married then look for a good job?

or should you look for a good job, build experience, then work for MNC and then get married?

[Deepak Bala]

There is no definitive answer for this question. What you get is what you bargain for. As a friend of mine put it aptly - The crying baby gets the milk. Evaluate your worth to the company and ask for what you think is reasonable and await their response.