So realistically, probably something like ~40k per employee is more accurate. That's not much for a developer.
So realistically, probably something like ~40k per employee is more accurate. That's not much for a developer.
Don't quit your day job... if you live in the Bay Area and want to still live there.
And I live in Europe.
Deleted comment
I am pretty sure that figure is Rs 400k a year. Which is about $6k. That's per year. I am from India and that sounds about right. I have friends in many of the consultancy firms like TCS, Infosys, etc who are in that range. It's obviously for people early in their career but then again, it is $60k for developers early in their career in the US.
http://www.payscale.com/research/IN/Job=Software_Developer/S...
Also to pay 60k euro it will cost 21% more. So the fully loaded cost: 72.6k euro.
http://www.uhy.com/employers-now-pay-average-employment-cost...
The actual figure may vary, but as a rule of thumb $60k / year is 53k euro / year for fully loaded, 43.8k euro gross, 23k euro take home / year. Doesn't seems anywhere close to Berlin senior engineer salary :-).
Which for some places in Europe it might be a good comparison, but for others making €40K a year might get you a far quality of life than what you get in the Bay area or the US in general for $100K (e.g. larger house, better savings, insurance, 4 weeks paid vacation, decent working hours, etc).
I ask because this practice seems to vary by country / continent quite a bit, and makes a rather large difference. So, e.g. if someone in Berlin quoted a 4.4k euro figure, would they likely mean after tax?
Married with stay-at-home spouse and 2 kids might pay half as much in taxes as a single person earning the same gross salary.
All Indian startups hiring good developers fresh out of IITs and other top colleges are paying at least 15LPA, or approximately $25-30k USD.
50k USD is normal for a good developer working at a product focused firm
[1] http://www.glassdoor.com/Salaries/india-software-developer-s...
I started fresh out of college with an engineering degree back in 1987 and my starting salary was $AUD20,500.00 per year.
EDIT: AUD is Australian dollar.