I have total 9 YoE. Just got an offer for Senior Engineer 4 with Walmart : CTC : Rs. 54.18L Base: Rs. 35L PF: 1.68L Bonus: 25% of base RSU: 25% of base How good is that?
Not bad for level 4.. Looks like your current TC was less and you didn't have competing offers
any idea what is highest at IN4 level
I have seen base 42L and other components proportional for IN4. They got joining bonus of 10L as well.
Curious, what's that in USD? Is that in Mumbai?
Don't you know the conversion rate?
~76K USD
How is TC 54.18? RSU is 25% of base so It will be 8.75 over 4 years
it will be awarded every year
Look carefully and calculate your TC.. May be they didn't explain you well They give refreshers but in first year you will get only 8.75 divided by 4..
Pretty good. What was your previous (current?) CTC?
30L al fixed
Ok, so this is pretty good in this climate with almost everyone and their dog taking the R word.
How much is on hire RSU grant ? Joining bonus ? Not sure how is TC 54 lpa. I agree op point that RSU is 25% of base salary each year. Still it doesn't make TC 54 lpa. For first three years you will only have 25% of base/4 , 50% of base/4 and 75% of base/4. It's only at fourth year, your TC will be what mentioned above, ofcourse more than that because of hikes etc. Also in this assumption is that refreshers are indeed 25% of base. Else TC will be lesser than this. Clarify with HR on these. This looks really confusing.
I have already told this above
Make sure you are aware of team, engineering culture, work quality. Looking at glassdoor reviews, things are not looking good from engineering side in Walmart. Do go through them and check with folks working there.
Your Y1 TC is 46LPA, Y2 is 48LPA and so on. Only at the end of your 4th year will your TC hit early 50s.
Walmart bloats TV by adding 4 years stocks. And people usually traps into it
Agreed. One should actually see walmart’s equity grant as 2.5x of its nominal value, and having a non-linear vesting schedule of 10%, 20%, 30% and 40% for the first 4 years
Not a bad offer