Compensation Details
Education: B.Tech in Computer Science from Tier-1 College
Years of Experience: 4yrs 10 months
Prior Experience: One of the top Investment Bank
Date of offer: June 2024
Company: Millennium
Title: Software Engineer
Location: Bangalore
Salary: 50,00,000
Relocation bonus: None
Stock bonus: None (Financial Institutions like Invsetment Banks, Hedge Funds, etc do not offer stocks)
Joining Bonus : 10L
Performance Bonus : 0-100% ~ 10L (fixed was offered to me for 1st Yr end bonus - to be paid lump sum in Jan 2025)
Monthly Stipend (in cash): 100 USD = Total 1L per annum (in rupees)
Total Comp (Salary + Bonus + Stock): 50L + 20L + 1L = 71L (1st Yr)
Benefits: Standard Millennnium benefits (if any)
They didn't give me any reolcation bonus maybe because I was already working in Bangalore.
Interview Experience
Read here.
Competing Offers
Question for you guys
What do you guys think about this offer?
For a hedge fund, is it on the higher-end? way too high-end? Maybe lower?