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Recently I've heard many of my friends changing from service to service companies and get 200% hike with multiple offers If a scenario is assumed where an employee X makes switches every 2.5 years from service to service companies with hike of approx 200% for tech stack in demand like Java the Pay transition is coming up as follows Job 1--3.5lpa,Job 2-11lpa(200% hike),Job 3(45lpa),Job 4(1.5cr) I have assumed an average increment of 10% in internal appraisal hike before next job charge Job 2 yoe3,Job 3 yoe-5.5,Job 4 yoe-8 On the basis of above calculation for 8 years experienced java/node developer ctc comes to be approximately 1.5 cr. But according to leetcode even product companies like Msft pays less than 80 lpa for L62,L63 roles Is this analysis correct? I understand that I'm misunderstanding something Yoe:3 Ctc:11 lpa(Nokia)
Yes, 200% wont be after every switch. Initially yes, later on no. So that assumption is wrong