Education: BTech in Computer Science From Tier 1 Institute(IITs/NITs)
Years of Experience: 5.5
Prior Experience: Unicorn startup in India
Date of the Offer: Mar 2021
Company: Ola
Title/Level: SDE 3
Location: Pune
Salary: 50L
Relocation/Signing Bonus: 2L
Stock bonus: 20L distributed over 4 years
(First year -> 10%, Second year -> 20%, Third year -> 30%, Fourth year -> 40%)
Bonus: 5L based on performance (10% of fixed pay)
Total comp (Salary + Bonus + Stock): 59L for first year
Benefits: Relocation Expenses Covered + 15 days stay
Other details: I rejected the offer mainly because of culture issues at Ola. They require their employees to work full day on Saturday's and measure the time spent by the employee in office. They also do not offer WFH benifits even in the current pandemic
Previous Compensation: 41LPA (37 LPA fixed, 4L performance based bonus)