ISB isn't tier-1, IIM is
Ok, so IIM salary and level?
Same as ISB.
I think they get 17-18 base for being PM at l4
WOW, that's low
Joining bonus and RSU apart from that
L4 PM gets 24 base and a high jb and stocks. Total one year offer is close to 30-35. This for IIM ABC. ISB might be given lower salary not sure or same. Why would someone graduating from iim get L6? You are still a fresher even if you had kind of past workex, you are an MBA fresher. 40Lakhs might be taking all 4 years of stock into account. But realistically its 30-35 for a year.
I was using us stats are reference for l6 but I was wrong
Are you sure they are hired as L4 and not L5? Never seen any L5 PM and pretty sure that salary is L5 salary and way above L4(if it exists)
L6 is unheard of
MBA grads from other parts of the world join as L6 - Sr PM/ Sr TPM
Yup, and that's what I imagined was the case with India
No idea if they hire as L6 but if they do then 40+ is possible as that's above start of range for L6
Mine wasn't a fact More of a question Please don't take it as they make 40 lakhs out of mba
I am not PM but afaik mba grads are L5 PM hires. And salary range of L5 PM is 35-55
I am from one of IIM A,B,C. The TC offered largely depends on your prior experience and your interview performance. One of my senior got 40L base. He had 4 years of sde experience in product companies.
Yeah this would be a lateral right. He would have got L5 PM and not L4 PM.
40L base is L6 PM
No L5 bases also now are at 35 for lateral hires. So 40 base seems possible even at an L5 hire. Must have reduced sign on bonus then.
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Not sure about the pay but in my team one guy is there from ISB ,but he is at L4 as of now
Thank you Any idea on l4 range for pms?
What shit