Salary expectation - Investment Bank - IT - 8 yrs

tech · Post by **tech** » Sun Nov 04, 2012 7:16 am

Hello friends,
I am planning to return to India and not sure what salary to expect. So, providing my details here so that you guys can guide me:
Job Title - Principal Software Engineer
Experience - 8yrs
Industry - Investment Research and Brokerage firm/ Investment Banking
Current City - New York
Salary - $125000
Preferred India Location - Bangalore, Chennai, Mumbai(least preference)
Technologies - versatile skills - java, j2ee, javascript patterns, jquery, oracle, sybase, DB2UDB, MongoDB, Node.JS, IBM datastage
I am in a vacation in India now and looking for opportunities and planning to settle here (Bangalore/ Chennai). I am getting some calls from some global investment banks but i am unable to provide a salary expectation to them and looking for help from you people.

Thanks in advance.

tech · Post by **tech** » Mon Nov 05, 2012 9:38 pm

Hi,
Could anyone pls reply to my questions? .. I see 167 views ... and expecting some replies from you people..

Thanks in advance!

LBRS · Post by **LBRS** » Mon Nov 05, 2012 11:17 pm

One of my friend is hiring for a leading IB for their India unit, send me a PM if interested.

tech · Post by **tech** » Wed Nov 07, 2012 2:26 pm

LBRS;478555One of my friend is hiring for a leading IB for their India unit, send me a PM if interested.

Thank you LBRS.. I shall get in touch with you.

tech · Post by **tech** » Wed Nov 07, 2012 2:27 pm

Hi,
Could anyone care to help me with your suggestion?

tech;478452Hello friends,
I am planning to return to India and not sure what salary to expect. So, providing my details here so that you guys can guide me:
Job Title - Principal Software Engineer
Experience - 8yrs
Industry - Investment Research and Brokerage firm/ Investment Banking
Current City - New York
Salary - $125000
Preferred India Location - Bangalore, Chennai, Mumbai(least preference)
Technologies - versatile skills - java, j2ee, javascript patterns, jquery, oracle, sybase, DB2UDB, MongoDB, Node.JS, IBM datastage
I am in a vacation in India now and looking for opportunities and planning to settle here (Bangalore/ Chennai). I am getting some calls from some global investment banks but i am unable to provide a salary expectation to them and looking for help from you people.

Thanks in advance.

Dreaming · Post by **Dreaming** » Wed Nov 07, 2012 9:02 pm

A lot would depend on your skill set, expertise in the area. A thumb rule that I have seen in this forum is number_of_yrs * Some_Facotr (say 1.5 or 2) ...this is just that a rough number. In your case it comes up to 16L

In case of internal transfers, some say it should your USD * some_factor (say 0.4) ... that works out 26L. You are in NYC where cost of living is high, so your USD salary is higher ... so it might skew the numbers in your favor if you were to use this math.

You can consider 16L + some signing_bonus + variable + stocks (if any) + relocation and try negotiating the number. I am not trying to give you a number, just something to work with.

Have you tried contacting your friends to find out the latest trend? Also, use sites like glassdoor, zuby.in to find out market range.

tech · Post by **tech** » Fri Nov 09, 2012 7:37 am

Dreaming;478769A lot would depend on your skill set, expertise in the area. A thumb rule that I have seen in this forum is number_of_yrs * Some_Facotr (say 1.5 or 2) ...this is just that a rough number. In your case it comes up to 16L

In case of internal transfers, some say it should your USD * some_factor (say 0.4) ... that works out 26L. You are in NYC where cost of living is high, so your USD salary is higher ... so it might skew the numbers in your favor if you were to use this math.

You can consider 16L + some signing_bonus + variable + stocks (if any) + relocation and try negotiating the number. I am not trying to give you a number, just something to work with.

Have you tried contacting your friends to find out the latest trend? Also, use sites like glassdoor, zuby.in to find out market range.

Thank you mate.. this info is really helpful and 16L is the trend that i am seeing from the market .... and your suggestion on internal transfer is very useful and i need to find some more information from my company on that..