Long lasting in corporate
I have my senior managers who are 32-33 and are making 1cr+ per year. What do people do at the age of 40 or 50 Is there a scope for further salary increments or role increments?
Unless someone works at a company like HUL, what is the future?
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The pyramid effect kicks in - your next hiring manager has to justify your hiring costs which will fall under the hiring budget/compensation costs for the company.
Also in case of senior hires - the comp includes long term capital gains in form of stock grants. They come with their vesting schedule which tells you when you can actually liquidate those stocks. Usually it is over a period of 3 to 4 years.
So for a 1 Cr salary - the fixed might be 60 lakhs, 10 lakhs in actual cash bonus and the rest in form of ESOPs/RSUs that are vest over time. So the actual annual take home might be very different.
*These are directional numbers and combinations can vary across companies/roles.
Most High earners dont not know what to do. so, they will continue to work untill they cant. The career ladder is very steep, like a pyramid in any corporate. People who are high earners, wont be able to move much. In my theory if you are not into a P&L managing responsibility when you have 15 years of exp. Your career is over. Of course there are exceptions but for most people its over. These are people who will continue to work in with the same role or with minor changes to their existing role and finally bow out voluntarily or other wise.
OP, what role is he? Sales or CS?
How is this question relevant to the above question?
Well, if they are in sales then they can continue to rake in more as long as they are able to bring in the business. It's just how it is, especially in tech. Not as much as in HUL though I feel. Tech sales/CS moolah >>> FMCG non tech roles
Let's be clear. 32 33 year old making 1 Cr are not going to get increments like what they did during the low/zero interest days of past 4 5 years. This is a unique scenario of overpaid people we have never seen in India before. What happens to them ? Some of them will continue to work in the same companies and get hikes if the company is growing. Others will be restructured or brought back to market level salaries eventually.
If they are smart, they would be knowing this and would be saving for the day they don't have a job and have to go launch a business or maybe retired if they have made enough.
You cannot have an industry with disparity like 5 year MBA people working at 5 lakhs per year and 2 cr per year at the same time. There is no way that much differentiation exists at 5 year experience.
Can you please compare all industries and tell who earns the most?
Eg FMCG/MAANG/IB/PE/VC /Consulting