Quit Rat Race - 3 UNDERRATED Ways to Increase Your Salary without Costly MBA/Master’s 2023
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
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If you’re wondering how to increase your salary then you are not alone. The salary of an average IT fresher in India has not increased much over the last few years. However, with a few years of experience, folks are able to command a much higher salary in IT as well as other industries by using multiple methods. No, this is not about the salary hike you get post-master’s or any other educational qualification. You can learn how to increase your salary in the IT industry and other domains without an MBA. Software engineer salary numbers take a huge jump if they efficiently use these methods.
Let’s start with an example. Keshav and Kashyap are two exceptionally good IT employees. The salaries of these IT employees are 8.5 LPA and 25 LPA after graduating from KITS Bhuvaneshwar. Why? These salary differences occur for many reasons. Just thinking about how to get a high salary won’t help you get into a company that pays a high salary. In this video, I have shared methods you can use to increase your salary. If you think you deserve a salary hike or a high salary compared to what you’re drawing from your company right now then this video will surely help you.
The first thing that every employee needs to focus on is whether the skill you’re working on is a high-value skill or not. High-value skills help you increase your salary and also get a high-salary job or high-paying job. In the case of Keshav, he added another skill that is AEM to his core Java Developer skill. This is what you can also do. You can add a skill to your resume. Thus you need to add a few more skills to your core skill to succeed. Java Developers can go for Adobe Experience Management, front-end developers can go for AWS, and business intelligence individuals can go for Data Analytics. Whatever is the adjacent skill to your core skill has to be added to your resume through a course or real-life work experience. It is difficult for recruiters to find folks with more than 1 skill, but it is relatively easier to find someone with just one core skill.
The next point is how long you stay in a particular company. If you spend more than 2-3 years in a particular company, what are the kind of salary increments that you can expect? You need to ask these questions. In most cases, it would be 10% every year or if you perform really well then it would be 20% per year. It would take 5 years for your salary to double at the rate of 15% per year. On the other hand, if you switch, after 2-3 years, your salary will jump at least 50-60% in an instant.
When you are in the early stages of your career, these salary jumps are significant. If you have the checkboxes such as, not liking the culture, not learning anything, or not getting any benefits out of it, then you should switch your job. If you once get into the habit of letting it continue then it becomes really difficult to move forward from there. Another criterion is whether or not you are an expert in your field. As you move forward in your career, you should try to be known for just one thing.
To become an expert you need to stay in the loop and know what are new things happening in your domain. Look out for the brown bag sessions and new training opportunities. You should take a few courses that will give you an edge in the beginning and continue improving from there onwards. Don’t underestimate the power of networking and upskilling. Hope you find this video valuable, see you in the next one.
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About Me
I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video
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Chapters
0:00 - Intro
0:55 - #1 Skill Enhancement
3:25 - #2 How Long to Stay in a Job
5:09 - #3 Become an Expert
7:33 - Outro - บันเทิง
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Why is quit rat race mentioned..
🤣🤣
So that audience can be hooked to watch video.
But how???
Awesome insights!
Hey Pavan,
Thank you for sharing such valuable career advice and upskilling content!
Is there a way to receive personalized career advice from you?
Thanks 😊
Hi Pavan..
This was a very insightful video. As you say sustainability is a growing trend, can you please suggest ways to build knowledge on sustainable finance
Hi Pawan Sir,
Been following you for quite sometime.... thank you so much for the great content.
I am currently working with an Mutual Funds in their institutional marketing communications department and i have couple of experience in sales too.
Could you pls share some insights on how can i get into branding and Marketing domain for a FMGC industry
Hi, I am 39 and having 13 years of experience in coding, ETL and Devops, across domains like BFSI and healthcare(not much deep, just working knowledge). Recently I explored Salesforce and started my training in its Admin certification. It would be really helpful if you can guide me how should I plan my career from here onwards. Also, if you can suggest if going for an MBA now would be a good decision or not. Or any other alternative. Thanks.
Hi Pawan,
I have been following you for a very long time and really appreciate your efforts for the videos you make. They are really insightful and helpful. I am a Business Analyst. It would be great if you can give some insights about how can we grow in this field.
Hi, I'm in a core field for now but I'm looking to switch into consulting. As per my research I found out that one needs a master's degree to get into the consulting field with a good pay. Im not sure if I can do a master's now because work is too hectic, but I can definitely enroll into some courses related to consulting to get me started. Could you please recommend any courses for newbies like me who don't have that kind of background but want to switch to consulting. Thanks😊
Hello Pavan, have been follwoing your videos- Im a 2021 grad with close to 2 years experience in e-commerce, moving next week to one of the top 3 digital marketing agencies in world as an associate- any recommendation on how I can grow in this role faster?
Im currently doing prep as well for MBA entrances- but not quite confident if I could crack top ones.
Im looking to mainly grow in field of digital marketing/ e-commerce and looking to be in more strategic/ consulting roles are there much opportunities available ?
and what other skills sets I can pickup to excel in the field.
Thank you for helping folks like me who are early in their career with your knowledge and experience !
Hello pavan , i really appreciate your content ....its very helpful for people like me who struggle for a better opportunity.
All the best Jishnu! Glad you find the content helpful.
Hello Pawan Sir,
Been following you on LinkedIn and find your posts valuable.
This video is also extremely informative for an upcoming working professional like me.
I had a few dilemmas regarding the career path I aspire to have,
I am a 3rd year undergrad student having a non-tech background learning data analytics and looking to find my first job in the analytics field.
Moving forward in my career, I want to pivot into Consulting as I feel analytics plays a major role in Consulting
So It would really be helpful if you could share some valuable advice on firstly how to approach job search and the recruitment process in the analytics field being from a non-tech background.
Also is the decision to switch to consulting wise after analytics?
This is very similar to my career path:) metallurgy + data analytics + consulting.
It is still a great path in my opinion. Will make a video soon on job search
Hey it's a good career path... currently I'm also preparing for data analyst role .
Hello Pawan , Great Content
I am a consultant in Deloitte USI with 6 years exp. Working majorly in SAP Analytics space. I am expanding my Knowledge and picking up technology and architectural work with senior consultants and trying to learn outside SAP like - Azure, AWS for Analytics requirements.
Industries i am targeting is TMT and Pharma. what additional things I can add to my To do list.
I am into food safety, food quality assurance, adding actively business analytics, supply chain skills
Thanks for the video, Great Insights..Me being a senior strategy Analyst in a Pharmaceutical service company what additional skillet I can get develop to get ahead in my career
Hey Pavan, this video comes at a right time in my life as I'm thinking to add the specialization/ secondary skill. I have 8 years of experience as a go-to guy for Client Management (have worked as Client Service manager, project manager customer success manager) in different industries. Now, I'm thinking which area to specialise to go advance in my career from here (go past 35 LPA).
did u work as a csm in different industries?
@@KK-xd8mi Yes. I did in expert network industry and now in communications SaaS space.
Hi Pawan,the video is really good .I am a sales professional want to add a secondary skill to add value.please suggest.
Hi, Pavan
Been following you since a long time over linkedin.
I am an MBA with one year of experience into SAP s4hana cloud, planning to go for a swtich for better growth. Not sure about which is a great complementary skills which suits best with SAP. I have been looking out for answers but hardly couls find any.
Hello Pavan Sir,
I am working on Citrix DaaS for a German based Logistics company and what could else I should learn along with Citrix DaaS?
Pls, share your valuable insights on it.
Hii Pavan sir, Being a regular follower, i really appreciate your efforts in making valuable con. I work in manufacturing/assembly shop in automotive sector. What else can be done to get better opportunities?
I know that digitization is picking up in the automotive sector especially on the manufacturing floor!
That could be one option OR learning about IOT. That is another space that is growing.
OR EV manufacturing is picking up too!
Good luck:)
Could you share something regarding Supply Chain Consulting ?
Hello Pavan,
I worked in private bank for 9 years and now I moved as a Business Analyst basing my domain Knowledge.
So how should I make myself forward in the job market.
Thank you and wishing you the best in your journey.
Jhansi
Hey Pavan I work as a mechanical design engineer in a battery manufacturing company. Previously worked in similar roles in Oil and Gas and Heavy Engineering segment. What extra skill set I can develop if I am unable to do MBA.
Public Sector Consulting / Govt Advisory - mostly in the Urban Sector Domain... can you provide insights?
Hi Pavan
Hope you are doing good, I am in data analytics and insights of a US fortune 100 big pharma, so I want to create a profile for PE in healthcare domain with consulting experience.
Can you guide me with relevant skillsets for this?
Hi pavan, currently I am working a business analyst in insurance domain where I have started data analysis. Is this helpful for me and how to improve my salary?
Currently in Forecasting space with an electric utility company.
Good video❤❤❤
Hi Pavan Sir, I have studied science education for teaching school going students, followed by which did content writing,marketing and brand management. Is this a good combination to get a good salaried job?
Amazing content pavan 🔥🔥🔥 I'm from project management domain in a NBFC with 3 months of experience what should i do to improve my career skills and salary whats your opinion in my profile pavan waiting for your warm reply
Hi Pavan, your views on PMI-PBA Professional in Bussiness Analytics Certification.
Hi pavan, I've completed my mba in finance from tire 3 college and now currently joined as accountant in uae. Can you suggest me what secondary skill i should focus and learn at this stage.?
I have 2.5 yrs of experience in supply chain domain, 2 yrs in procurement and next is in database management and sap?/ERP system. Additionally i have learned Ad.Excel,statistics, regression,powerbi and now learning python. What are the areas which can support as a secondary skill to scm? Thanks.
Hi sir,
Can you suggest same thing for commerce background guys like in marketing and ssles deptmennt
I want to build my career in financial services. Can you please suggest some good ways to become an expert in this domain?
Currently in product management space with fintech company
Am a test engineer with almost 3 years of experience. Leading the team of 5 in an startup company..What should i learn to increase my salary? I really need ur advice
Hello Pawan,
I am an IIT and IIM graduate with 4 years of experience in Marketing Analytics, Financials analysis, strategy, and consulting across Media, FMCG, and BFSI industries. I am looking to build a career in strategy and insights with the help of data . I request you to let me know how I can achieve this. I would be really grateful if could reply to my comment
Hi Pavan,
I'm 42 years now and have 16 yrs of experience into Accounts & Finance, I have been working for the same organisation from past 8 years, on accounts payable process, but here it is nothing new to learn and this is my native place that's y I'm still working with this company. There is no growth at all .. I don't have much to show up in this job Can u pls suggest me how to go ahead in my career.
I am a finance & accounting background. I did my B com and working in a company since 6 years. What is your suggestion for me.
Hi. Please tell something about mechanical engineering. I have 12 years of experience in switchgear industry.
hey pavan
can you make a video on SENIOR FINANCE CONSULTANT
Hi Sir,
I was in IT for 6 years (oracle functional consultant + PMO), then decided to do 1 year MBA from top5 IIM. Currently struggling to get placements. Can you or anyone guide me.
How can I switch from data analytics to Product Management.
I have 4.5 years of analytics experience
Hello pawan..i am struggling to get good option to get into management can you please guide me
Thanks a ton for making videos on such important topics, there isn't any youtuber who talks about such relevant topics at such a great depth with proper analysis. Really appreciate your TH-cam as well as LinkedIn content Sir 😃❤️🔥👍🏼
Thanks a ton for the kind words:)
Supply chain / procurement + Analytics
Hi pavan, I did request you about making a video for oil and gas professionals & their chances of getting into consulting around 5 months ago. Could you please take out some time & publish a video on the same. Thanks in advance
Hey Abdul, I looked into it but I didn't have enough insights to make a full video on the topic. Any specific questions you have? I will probably address them here/ in a video towards the end or make a short (only if I know the answer:))
Hello sir, I'm pursuing CA. What are the other secondary skill sets I should focus on?
tax consultancy , little on good marketing skills to convince your clients
I have a Double Degree in Arts in Management and Finance so kindly suggest how to get a Job and Leverage my Income
Hello Pawan Sir, I am your regular follower from past one year.. I am currently working as SAP business analyst/ consultant role.. I want to pivot into management consulting, So thinking about MS in business analytics, so my path is bit similar as yours... Is MS in Business analytics help me to pivot into big3 ?
Which module of sap are you in?
Hi Pavan.
I have a question for you, I’m a Chartered Accountant in auditing field. I have joined a Big4 and I’m looking for some Combination to fast track my career, any advice you have for me?
Thank you.
depends on your exp and salary now
So something like Data Analytics + Banking Knowledge or Data Analytics + SCM Knowledge?
What is secondary skill for testing team?
I am a oil and gas pipe stress engineer comment how to be move ask from your network and comment or make a video on this
What can be the complementary/secondary skill for Data Science/Analytics?
It could be domain specific expertise.
I was in analytics for a long time and developed Marketing expertise as well.
So that "domain" could be your secondary skill.
Also, natural next step could be data based strategy role in the sector where you are.
For example, if you are in banking analytics - then a potential role in a big Bank in their strategy team.
Both industry and domain could become your strengths.
Let me know that you think!
Cheers,
Pavan
Hello Pavan, My core experience in Cost Engineering. Then what could be the adjacent skills
Sustainability+ Digital Transformation
I am a data analyst in US healthcare. I would like to go in consulting. Could you please suggest some ways.
Me too , did you get any ideas?
I would request you to make a video on 'Degree vs skill' what matters more in corporate world, just wanted to know your perspective on it as it is an extremely vital topic 🙂
Data analytics+power platform
Embedded automation testing + Devops
Operations+ management consulting toolkit
I am bhubaneswar I can relate
I am a cloud Engineer in ooenstack
Pharma+?
Bhai tu Mackenzie me kam krke ye bekar kam kyu kr rha hai thumbnail toh Sahi dal thoda toh integrity dikha bhai
Data science + aws + machine learning