Flipkart Offer
Hey guys, need help in evaluating an offer from Flipkart Bangalore as an EM. Currently based out of Singapore. Does it make sense to move to Bangalore? Savings will be similar in both the countries. YOE: 10 Years Offer Details : TC: Base 53 Lakh + Variable 8 Lakh RSU: USD 100k over 4 years. Joining Bonus: 8 Lakh Current CTC: TC: Base SGD 140k (approx 70 Lakh) + Bonus SGD 28k (approx 14 lakh) RSU: USD 20k every year #flipkart
Ask Flipkart to increase RSUs to 200k USD. If they do, I would strongly suggest to take it!
I think 200k may be difficult. They were offering another 10k incase I cut the JB by half, which obviously I didn't want to.
All recruiters present this as being difficult. I know of a friend who got 200k stocks at Flipkart. The key is that you should be willing to walk away! If they like you and know that you are serious, I am confident they would agree to your ask!
Looks solid offer. Flipkart is aiming to go IPO in 2021 so might be a good time to get in. Also keep in mind cost of living is much lower in Bangalore when compared to Singapore.
Thanks for your response.Having lived in both Bangalore and Singapore, I can say with surety that savings will be almost similar in both the countries. Singapore has high cost of living but 1/4th the tax.
I lived in Bangalore many years ago so can’t say what the costs are but I have found numbeo guides pretty useful https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=India&city1=Bangalore&country2=Singapore&city2=Singapore
Seems on the lower end. I think you have room to negotiate.
which component is on the lower end? Could you please share what possible numbers could be?
Lowball on base. Ask for 15% more
That offer looks like a Tech Lead role which is equivalent to SDE 4 but with reports (kind of like M0 / TLM). EM base is 60-75L and the bonus is 20% of the base. If your bonus is 15% of base then it is grade 11 Tech Lead / SDE 4 offer.
Depends on what expectations you have from Bangalore
QOL is important for me, but I also realise that I can't retire in Singapore. So trying to understand if letting go this opportunity is a stupid idea at this point in my career.
I think the offer is good and you now cannot stay anymore in Singapore as you will always have a voice in your head saying that u want to retire in India... On a lighter note..can you tell how you were able to get a job in Singapore