Gurugram Techie’s Job Offer Post: Why was the monthly in-hand salary of tech professionals decreasing despite the new offer of Rs 36 lakh? What concerns did social media users express regarding the shift to Mumbai? According to career experts, apart from CTC, what should be kept in mind while changing jobs?
Viral Reddit Post: When changing jobs, the first thing most people look at is the package. If a new company is offering higher CTC, it is generally considered a better opportunity. But what will happen when despite the increase in the package of more than Rs 10 lakh, the salary received every month reduces?
A similar question is standing in front of a Gurugram based tech professional these days. This data science expert with about six years of experience shared his dilemma on the social media platform Reddit, after which a big discussion started regarding job, salary and career growth.
You are getting Rs 1.72 lakh every month on a package of Rs 25.25 lakh.
The tech professional said that he is currently working in Gurugram and has about 5.8 years of experience in the field of Analytics and Data Science. His current annual salary is Rs 25.25 lakh, which is completely fixed CTC. After tax, PF, NPS and other deductions, he gets an in-hand salary of around Rs 1.72 lakh every month. That means a large part of their income is fixed and there is no uncertainty regarding monthly earnings.
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Got an offer of Rs 36 lakh from Mumbai, but the confusion started here
Recently he received an offer of Rs 36 lakh per annum CTC for the post of Senior Data Scientist – Gen AI from a Mumbai based company.
At first glance this offer may seem quite attractive as the package sees an increase of around Rs 11 lakh. But when they analyzed the offer in detail, the picture turned out to be different. Actually, this package of Rs 36 lakh includes Variable Pay of Rs 6 lakh, which will be given on the basis of performance at the end of the year. This means that the salary received every month will be calculated only on the fixed portion of Rs 30 lakh.
In-hand salary will be less despite higher CTC
According to the professional, his monthly in-hand salary, calculated on the basis of fixed salary of Rs 30 lakh, comes to around Rs 1.68 lakh. That means you will get about Rs 4,000 less every month compared to your current job. This difference may seem small, but when the cost of shifting to an expensive city like Mumbai is added to it, the decision becomes no easier.
Opinion divided on social media
Some people advised that it is important to know what is the average payment of Variable Pay in the new company. His argument was that even if the company gives 75 percent variable pay, the employee can get around Rs 3 lakh extra at the end of the year. With this, the average monthly income can reach close to Rs 1.95 lakh. If the full bonus is received, the average monthly income can exceed Rs 2 lakh.
“Pressure will increase Mumbai’s expenses”
On the other hand, many users expressed concern over Mumbai’s high cost of living. He said that rent, transportation and daily expenses can be much higher than in Gurugram. In such a situation, it would not be wise to change job just by looking at CTC.
“Title and experience are more important”
Some professionals believed that a role like Senior Data Scientist – Gen AI could prove to be more valuable in the future. Artificial Intelligence and Generative AI are among the fastest growing areas of the tech industry at the moment. In such a situation, the experience of this profile can open the way for better opportunities in the coming years.
Should one change job just by looking at salary?
Career experts believe that job evaluation should not be done only on the basis of CTC.
It is important to pay attention to these things while changing jobs:
- Ratio of fixed and variable salary
- City expenses and cost of living
- Career growth potential
- Relevance of the new role
- future market value
- Company reputation and work culture
Rising trend: Big difference between CTC and in-hand salary
Many companies today offer large CTC packages to attract employees, but they often include multiple components such as bonuses, stock options, retention bonuses, and variable pay. In such a situation, it has become very important to understand the actual monthly income and total financial benefit before accepting the job instead of just looking at the headline CTC.
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