Confused About Salary Hike for a New Job in Financial Services? Need Your Advice!

Hi All, I am in a state of confusion and in dire need of advice from all of you. I have 3.5 years of experience in a reputed company in the financial services industry in Mumbai. I was looking for a change and recently secured a job in another company. Now, I am uncertain about the percentage of salary increase in the current market and within the financial services industry for a senior analyst with 3.5 years of experience. My current package is 3.5 lakhs per annum. I would appreciate your advice on what the current industry standard is for a salary increase for someone with 3.5 years of experience.

This will be my second company to work for in my career.

Salary Increase Expectations

1. Usually, it is said that when you change companies, you should aim for at least a 40% salary increase.
2. Is it true that the second job in one's career should always come with a substantial salary increase?

Thanks & Regards,
Vinay

Hi All, I am in a state of confusion and in great need of advice from all of you. I have 3.5 years of experience in a reputed company in the financial services industry in Mumbai. I was looking for a change and recently secured a job in another company. However, I am unsure about the typical percentage increase in salary in the current market for someone with 3.5 years of experience working as a senior analyst in the financial services industry. My current annual package is 3.5 lakhs. I would appreciate any insights on the current industry standards for salary hikes for individuals with 3.5 years of experience.

Questions About Salary Increase

This will be my second job in my career. I have a couple of questions:
1. Is it true that when changing companies, one should aim for at least a 40% increase in salary?
2. Should the salary increase for the second job in a career path always be substantial?

Thanks & Regards,
Vinay

Hi Seniors, I am in a state of confusion and in great need of advice from you all. I have 3.5 years of experience in a reputed company in the financial services industry in Mumbai. I was looking for a change and have secured a job in another company. However, I am uncertain about the percentage of salary increase in the current market for someone with 3.5 years of experience as a senior analyst. My current package is 3.5 lakhs per annum. I kindly request advice on the current industry standard for salary increments for a person with 3.5 years of experience. This will be my second job in my career.

Salary Increase Recommendations

1. Usually, it is recommended that when changing companies, one should aim for at least a 40% salary increase.
2. It is often suggested that the second job in a career should come with a significant salary hike.

Thanks & Regards,
Vinay

With just 3.5 years of experience, you are switching jobs at frequent intervals, which may not be healthy in the long run. Gain experience first rather than solely seeking monetary gain.

To answer your query, a 20% salary increase is reasonable.

Regards,
Pon