About the offer of one crore per annum salary, 100K stock option, 70k signing bonus in Amazon to an SRM student! A dialogue!
Yes, we are aware of it. 1 cr per annum -amazing.
Congratulations to Mohan!
Just add some context here and not to reduce his achievements in any way:
1 cr rupees per annum is equivalent to $130k which is a standard base salary for fresh graduates by Amazon.
And he would have been allocated Amazon stocks for another $100k that takes 4 years to vest.
Facebook and Google offers are much higher and difficult to beat when competing with them.
He shoukd have also got a sign on bonus of $70k that’s given out in two installments.
That’s the total Amazon freshman package
$130-135k base, $100k Stocks and 70k sign-on bonus
Mostly he will be stuck in this salary for another 10+ years , until he goes into MGMT.
Haha, it’s not that bad. They bump up if they do well. But he will have to put in lot of after hours - especially on calls at nights.
With this salary in CA and most Metrocities, he can barely *share* & rent a decent one bed room apartment.
Yes, absolutely. With apartment rent, car and buying meals - no savings in salary
Not sure about Germany
Same - very very high taxes in Europe.
In US, best is being in - good in own business - any business.
From laundry dry cleaning, owning chain barber shops to IT body shops, lots of money.
Agree, even if it is a small business one can do well because of the tax breaks and support. Only issue is hiring good people.
Yes
I met a guy , (when I landed here), running a hotel.
He had masters in North Western - much bigger than IITs. He quit the job , went to hotel. Another one selling Burgers in Mc ( a Wharton graduate Desi )
U need luck -
We can have all skills, hard work.
Still, luck is the very important thing in businesses.
Gujarathi’s who bought run down motels 20 years ago are making a killing by selling them now! To the extent of 100s of millions
Very enterprising enterprenars, high level of hard work.
My neighbor is the
India Grocers owner , US biggest chain of groceries.
Both he and his wife , built it big , their stores and other businesses.
She used to travel and run businesses, out of state for a few days every week.
Inflation in US is so high, in 3 months , consumables and general merchandise, exploded in prices.
I am not sure, it will happen in India .
This inflation is so high, the Indian middle class , can't handle, if it happens in India. If it happens, many middle class will suffer for food and basic needs.
