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rustlingsheldon
7mo
In the current market, it's seems to be a reasonable offer. In addition, the new job gives you the opportunity to stay relevant. my 2 cents.
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a manager - data & analytics
author
7mo
[rustlingsheldon](username) yeah 30% is the market standard, I agree, but not when it's offered by a company known for its pay, relocation is reqd, has niche skills (finance + data), is a techno functional res.
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rustlingsheldon
7mo
[a manager - data & analytics](username) Ex batchmate has relocated from Mumbai to Bangalore to join DES. Will check with her.
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a manager - data & analytics
author
7mo
[rustlingsheldon](username) that would be amazing. Thank you!
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rustlingsheldon
7mo
[a manager - data & analytics](username) checked. She is happy with the move. She said she got a standard hike
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a software developer
7mo
Staying at a redundant role is too high a risk. It can cost you both financially and growth wise. I see that you have not mentioned anything about the role at the new company. If I were in the spot, I would take the new offer if a. Bangalore is not my home town AND b. The new job seems interesting to me. 30% hike is decent any day
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a manager - data & analytics
author
7mo
[a software developer](username) new role at Shaw would be managing a team of data analysts. i am expecting ~9% hike and a bonus upcoming March. And at the end of next year, I'll be eligible for a gratuity too. So all in all, in a year's time, both the jobs will give me the same pay. Just that for this new one, I'll have to move to another city and travel occasionally to blr as my gf stays here. I've just provided a little more info here. Would like to know your viewpoint considering these
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a software developer
7mo
[a manager - data & analytics](username) Considering these additional points, I would not take up the new job because long distance relationships are a mess. If financial considerations are the only issue, you can ask them to compensate for your gratuity/bonus in the form of a joining bonus.
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superbblackbird
7mo
Have you tried asking them directly why they've offered this specific package?
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brightstrawberry
7mo
[misskick](username) Plus have you considered negotiating for a higher fixed component or a significant relocation bonus? It
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a manager - data & analytics
author
7mo (edited)
[misskick](username) it felt during the final round with the director that he was being personal about it. It's absurd for me to think that but felt negative. When i put fwd my expectation of 65lpa and started justifying it, he kept interrupting, and his arguments while i talked about relocation and all did not seem great. He said things like you'll save money when you move to hyd compared to blr, quality of life is better etc. so no relocation bonus for you. My 2 rounds of interviews were kickass but had backed out for hyd location but a month later they called and asked me to reconsider. Towards the end of the final round, he put fwd a number and asked me to think about it. I was underpaid for the first 7 yrs of my career. When i quit back in 2021, i was at 13lpa ctc. The director looked at it and compares my current comp and said something like you've made up for that now.
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refreshingtiramisu
7mo
[a manager - data & analytics](username) I know this type of mismanagers pretending to be managers. It's none of his damn business if you've made it up in terms of salary from before. Be firm in the counter and state you're expecting a competitive offer with a minimum of 50+ as this is the market & even their own org standard right now in this role. Frankly, I'd think twice of joining a team with this type of toxic manager since it would not be easy to work with someone like him. Keep interviewing and leverage this offer to join a better org where people aren't negative and inappropriately commenting in interviews on if somebody else's earnings is enough or not ! It seems any damn idiot can become a "director" nowadays !
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refreshingtiramisu
7mo
[a manager - data & analytics](username) nothing absurd about your instinct picking up on him being negative. I'd trust it over just logical thinking because culture and work environment are also important
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tayaji
7mo
A Team Lead
Given your 10 years of experience and strong skill set, do you think it's worth negotiating for a higher base salary and relocation assistance, or should you consider the offer if DE Shaw remains firm on their terms?
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a manager - data & analytics
author
7mo
[coderji](username) that's what I'm contemplating rn. Either take the mere 30% hike and move cities leaving everything behind or just stay here wait for things to unfold.
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strangeguy006
7mo
Try negotiating further.. if they don't agree to increase the amount, accept the offer but keep looking for somewhere else. Once you get an offer which meets your expectations, deny DE Shaw from joining clearly stating that you're unsatisfied with the offered amount and getting a better offer elsewhere. This will definitely make them realise that they're low balling you and if they genuinely want you to join then they might match the compensation.
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ctrlaltdelmyjob
7mo
An Assistant Manager
TBH their offer seems a bit low, especially considering your experience and the hassle of moving. You should definitely counteroffer, highlighting your skills and the costs involved. Also, talk about your long-term goals and how DE Shaw can help you grow. If they're not flexible, don't be afraid to look elsewhere. You've got some leverage right now, so use it! Hope that helps :)
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gemsbond
7mo
works at
Would advice you here that you must clearly articulate the value you bring to the table, including your technical expertise, leadership skills, and the impact you've made in your previous roles.
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