Market Simplified Chennai Software Developer 1 Salaries by 3 Employees

2 - 3 years exp.

₹4 Lakhs - ₹5.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

12% less than the average Software Developer 1 Salary in Financial Services Companies for 2 - 3 years of experience

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Last Updated: 14 Jul 2024

Companies similar to Market Simplified for Software Developer 1 in Chennai

Market Simplified Software Developer 1 Salary

2 - 3 years exp. (3 salaries)

₹4 L/yr - ₹5.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Syncfusion Software Developer 1 Salary 0 - 3 years exp. (31 salaries)	₹2.5 L/yr - ₹4.1 L/yr 37% less
TCS Software Developer 1 Salary 1 - 6 years exp. (30 salaries)	₹3.4 L/yr - ₹8.5 L/yr 2% more
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HCLTech Software Developer 1 Salary 0 - 4 years exp. (24 salaries)	₹3 L/yr - ₹6.7 L/yr 17% less
Bank of America Software Developer 1 Salary 1 - 5 years exp. (8 salaries)	₹6.5 L/yr - ₹14 L/yr 108% more
HCL Group Software Developer 1 Salary 1 - 3 years exp. (6 salaries)	₹3.5 L/yr - ₹5.9 L/yr 8% less

Software Developer 1 salary at Market Simplified ranges between ₹4 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 3 latest salaries received from various employees of Market Simplified.

Experience wise Market Simplified Software Developer 1 salaries in Chennai

Last Updated: 14 Jul 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr

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Salary related reviews for Market Simplified

3.0

Rated by 2 employees for salary & benefits

Team Lead in Chennai

Full Time

Project & Program Management Department

5.0

• posted on 16 Nov 2024

1.0

for Salary and Benefits

Likes

MSIL is a great company for learning, career growth and great work culture.

Skill development - Excellent

+5 more

Dislikes

The recent issue on salary crisis has decreased the company growth. The salary is delayed and provided on random dates like 10th, 15 TH of each month for a prolonged period of more than a year. No transparency for the reason of salary delay to the company cofounders from the board of directors. Now the company work culture is also not good after the resignation of cofounders. CHRO of the company spoils the company culture and growth leading many good employees to resign.

Salary - Bad

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Market Simplified Software Developer 1 Salary FAQs

How the salary growth look like for a Software Developer 1 at Market Simplified in Chennai?

The salary growth for a Software Developer 1 at Market Simplified in Chennai depends on factors such as experience, performance, and promotions. On average, a Software Developer 1 in Chennai can expect the following growth trajectory at Market Simplified:

Experience	Average Salary Range
2 years	₹4.3 Lakhs to ₹5.5 Lakhs per year
3 years	₹5.0 Lakhs to ₹6.3 Lakhs per year

and so on.

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Market Simplified Software Developer 1 Salaries in Chennai

Market Simplified Software Developer 1 salary in Chennai ranges between ₹4 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Market Simplified latest salaries received from various employees of Market Simplified.