Can I easily land 12-15 LPA in today’s market?

[Rekha]

Hey folks,

I'm thinking of resigning even though I don't have another offer. My current salary is 5 LPA after 5 years of experience. I'm a Java developer with solid Spring Boot and microservices experience. Is it safe to quit without an offer?

[Deepika]

12-15 LPA for 5 years of experience? I'm just a fresher, so is that too low or am I living in a bubble?

[Akshara]

To be frank, the market's tough right now, but it's still possible to get that range.

[Aarohi]

With 5 years of experience you should be pulling at least 20 LPA; you're being underpaid at 5 LPA. I wouldn't recommend resigning without another offer, though it depends on your finances. If you can survive up to six months without a job, then you could consider it.

[Rajesh]

Don't quit without an offer unless your workplace is unbearable - toxic culture and all. It's possible to get a higher package, but you need leverage, like multiple offers. Start interviewing, I'd say.

[Pradeep]

This is my package, but I'm a fresher, so yes bro you're being low-balled.

Start grinding.

[Hemant]

How are you managing on such a low salary? With 5 years of experience you should be earning at least 20-25 LPA.

[Gaurav]

I've got 5 years of experience and I'm asking for 55 LPA.

[Varun]

You shouldn't quit without an offer. Trust me, with your experience you can easily get 25 LPA or more (unless the new company bases the offer on your current salary).

[Aryan]

Yes, 5 LPA is very low. Try to secure a job offer first and then resign.

[Laksh]

I guess you already know this, but you seem too comfortable with your current job and pay. You should have switched a few times to reach 12-15 LPA by 3 years of experience. Since you're only at 5 LPA now, recruiters will keep low-balling you. Ask for at least 15 LPA and, if they question the jump, have a solid reason why you deserve it and why you've been underpaid so far.