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I have been working in the freelancing mode, after my Startup product plateaued since September 2018. And it has been a good experience so far. I bill 50$ per h
by aws_ls 5y ago
I have been working in the freelancing mode, after my Startup product plateaued since September 2018. And it has been a good experience so far. I bill 50$ per hour. And working from India the rates work out pretty decent. Although, I do realize, especially when read posts like these that perhaps I am under-billing a bit.
Prior to that, I had experience as a corporate employee for 12+ years. And then my own startup for 10+ years. Now for past 2 and half years, work in the freelance mode.
Based on my experience, can say that both startup and freelancing are more freedom friendly choices. Although in your own startup/product, its difficult to pay yourself well, unless you are one of the few very successful ones. The reason I persisted for 10+ years is that, I was able to pay myself some salary, sufficient to live a decent life without eating into my savings (but perhaps 30% of my market value).
Once I started doing freelancing, then suddenly began to like it. It was refreshing experience. Kind of like swimming in cash flow, and having more than 50% surplus, which you can safely park in investments.
Also coming to full time freelancing after own product, was significantly less work. So less that, now I worry, if I have to work more (like in my startup days) will I be able to.
Based on the rumors I hear, recently, the salaries in India for senior engineers is out through the roof. And I am told one can make 200k USD at Internet company jobs in Bangalore, which are in the FAANG category. But I am not sure, its worth trading my freedom, at this point. Not sure, If I should be thinking of opportunity missed cost.
- jishiav042 5y ago200k USD in Bangalore is like 1.5 Crore INR! Really curious which companies in Bangalore pay that much for a Senior Engineers. Seems a lot for me to be true.
- aws_ls 5y agoOne of my friend works in Microsoft. Another in Oracle. Former is in Tech role, latter in management. Both reported figures in this range. This is overall compensation including stocks. I was told, one can get in this range 1 Cr+ even upto 1.5 Cr INR, for high profile companies. You are welcome to correct my understanding, if you know of counter examples. Edit: I guess, the MNCs need to ensure some sort of pay parity between roles in different countries. And there has been lots of upwards pressure (to increase pay) in the past 3/4 years.