Hoping a Honest Answer
How much salary is considered "Good" for a 25 Year old man.
I am about to Join a 10 LPA role (some of my friends have long past this and are in range of 14-18 LPA)
No Boasting, just wanted to ask if this is good as I see a lot of high profiles and wonder if I am not earning well. Most matches my cousins get ask for 1 L per Month.
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We are not going to have long careers like government employees. There is no point in discussing appropriate salary by age. Make as much as you and retreat into woods.
Corporates simply suck your juice in the prime and throw, similar to sugar cane.
My friend was fired from Microsoft at the age of 31, he had 60 LPA with around 20 Lakhs of stocks. Its been 6 months he has not got the job. He has a home loan running. In the AGE if AI, we are not sure how long we are going to survive. Enjoy your time in IT, prepare for secondary income at the earliest.
Salary depends on the profile.
If this is for a HR then over paid. Of course, am a little biased. IMO, HR should be paid a lunch and tea with biscuits.
If you are joining one of those founders office or office of strategic services or impossible mission force or any such nonsensical names that startups create, even then it's over paid.
For a SDE, with development role in decent size project, i would say it's decent.
My Bad for not Giving Clarity. Java/Cloud Role.
Depends on your expenses.... because no matters how much you earn , how you manages your expenses..that's all a point of discussion
I don't have much expenses (like Loans) but I can't escape the Rent and all. So I'd say about 35k as expenses (including Insurance and travelling).
"good" is whatever you need to sustain your own lifestyle and save some on the side. There's no point comparing.
I'm 24 and make 34 LPA but I only spend about 6LPA. As a single person you can have a greattt life on 6 lakhs a year.
But if you get more money it allows you to do more things like invest, buy a house, retire early
As much as you can squeeze out of the company
Please dont compare. Some times stability matters more than huge pay. I have seen so many colleagues or friends join high paying then while switching never found suitable.
Keep learning and upskilling. This will take you where you want to reach.