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What happens when most of your team is Indian?
Got De Shaw offer for Project Lead. Current TC - 81 (45+6+30) Yoe - 8, L62 Offered TC: Base: 60, Bonus: 30-35, Jb:10 Seems to be a lowball offer, overall disappointed with the offered TC of 90-95 (excluding JB one time) Wanted to know how much can I stretch?
Are they allowing remote work?
Need to check, but mostly likely on case to case basis.
You’ll consider this lowball only on Blind. Good luck mate
Which team?
DM
They offered me similar salary for EM role, and when my current salary was more than that. Easiest no I've said in my life.
How much did they offered you? Also, is the EM role equivalent to Project Lead or a level up? What they told me is EM and Project lead is switchable
I've no idea of the levelling. They were telling me that I've done really well in the interviews and are prepared to offer me top of the band and ultimately told me that they have a limit of around 1 cr total for the role.
DE Shaw India is a shi**y place compared to most of the big tech companies here. It’s not the kind of environment you’re probably used to at Microsoft. All of the interesting and revenue-impacting work is done in the US offices. It’s only the comparatively lower value work that’s being done in India. And their India pay too reflects this. Their pay is top of the market for SDE1, slightly below average for SDE2 and very low for SDE3/Lead equivalent.
Can I DM you for more details?
DM if you need a referral at Pure Storage!
Just a counterpoint to the folks saying dont join Shaw India. I work.at Shaw and i like it. Good wlb, pay is pretty good so far for my yoe. Regarding "second class" treatment not sure what they mean since obviously the traders and quants are the ones who have the most direct influence in a hedge fund. Although your offer is not very good. Plus not sure how it works for higher yoe tc but for < 4.5 yoe bonus never even gets close to reaching 50%. That's why it sounds fishy. For 60 base is expect at most 20L bonus but maybe they gave you ~10Lpa as long term incentive. Either way poor offer, why would anyone leave MANGA company for Shaw unless big increase in comp. I wouldn't take anything less than 1.1cr
As per my discussion with DeShaw, they mentioned that the lower limit for bonus is 30 which is guaranteed if I perform average, and max is 35 if I perform exceptional. Isn’t that true? Are you saying even on the lower limit of perf bonus they only target 50% of it? Which mean I will get 15 only if I perform on an average? Also, can I DM you for more info?
Sure feel free to DM. By 50% I mean that the bonus they offered you is equal to 50% of the base salary. I thought bonus maxed out at ~30% of base salary. So if you have a base of 60, I thought max bonus is ~30% of 60 which would be 18L. But I guess at higher levels max bonus can be higher. If they explicitly told you 30lpa bonus is minimum for you then you can trust them
Which team ? Things vary a lot from team to team. Feel free to DM me.
Don't join De shaw in first place.
Any specific reason?
Can confirm , DeShaw is shit P.S - Ex Shaw employee