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A recent Twitter thread has revealed that the pay scale of software engineers is higher in Indian startups than big tech companies. The thread consists of data—collated from over 50,000 engineers—to investigate the difference in the salary and increment of techies working in startups in comparison to those working in giant tech corporations.
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According to an infographic shared in the twitter thread, out of the total 107 Indian unicorns, ShareChat, the social media platform, offers the highest salary package to its software engineers. The study reveals that the salary of an engineer with four years of experience working at ShareChat is an estimated INR 47 lakhs per annum (LPA).
The next one on the list is fintech firm CRED, where a typical software engineer draws a salary of an estimated INR 40 LPA. Companies like Meesho, Deam11, InMobi, and Swiggy have a package of 35~40 LPA.
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For the increment cycle for techies in Indian unicorns, it was revealed that only a 10% increase was witnessed in the pay for these employees, as they gained experience. Amit Singh says, “this explains why people like to switch so often.”
A comparison chart was also created to demonstrate the difference in earnings of techies working in product-based startups and service-based companies such as TCS, Wipro, and Infosys. Infographics show that employees working in product startups draw 160% higher salaries than the software engineers in service-based companies. Furthermore, data reveals that the salary of a software engineer at big techs with four years of experience is INR 10 LPA whereas startups offer a package of INR 26 LPA for the same.
Read the whole thread here.