Transitioning from a Service-Based Company to High-Paying Roles in Product Companies

A common question in the tech industry is how to transition from a service-based company with a CTC (cost to company) of around 3.5 LPA ( annually paid) to high-paying roles in product companies that offer salaries as high as 10 LPA. This article aims to provide guidance and actionable steps for individuals facing this transition.

Key Steps to Achieving the Transition

1. Acquire Knowledge of Latest Technologies

To excel in high-paying product roles, it is essential to stay updated with the latest technologies in the market. Gradually build expertise by working on new and upcoming technologies or learning about the technical stack favored by top tech giants like FAANG (Facebook, Amazon, Apple, Netflix, and Google).

Leverage online resources like Coursera, Udemy, or even technical blogs and YouTube channels to enhance your knowledge. Engage in webinars and workshops to keep up with the latest trends and innovations.

2. Gain Relevant Work Experience

Focusing on gaining experience in a small company or a startup will significantly benefit your career transition. Start-ups and small companies often require versatile and hands-on technical expertise, providing you with the opportunity to take on multiple roles beyond your specialized skills.

Working in a start-up setting not only teaches you about the entire product development lifecycle but also helps you understand the company’s culture and growth mindset. This experience can be highlighted on your resume and used to showcase your adaptability and problem-solving skills.

3. Develop Strong Coding Skills

Top tech companies emphasize strong coding skills, so it is crucial to enhance your programming abilities. LeetCode is an excellent platform to practice coding problems, improving your problem-solving techniques and solidifying your grasp of programming concepts.

LeetCode provides a wide range of coding challenges that simulate real-world scenarios, allowing you to hone your skills and build confidence. Regularly contributing to open-source projects or participating in coding competitions can also boost your resume and demonstrate your proficiency.

4. Apply for High-Paying Product Companies

Once you have the required skills and experience, start looking for opportunities in high-paying product companies. Research FAANG companies and other leading tech firms that align with your interests and career goals. Tailor your resume and cover letter to highlight your relevant skills and experience, using specific examples to demonstrate your value.

Networking plays a critical role in securing job opportunities. Attend tech events, join tech forums, and connect with professionals in the industry. The tech industry is highly interconnected, and you may find opportunities through your network.

5. Avoid Service-Based Companies

To advance your career, it is recommended to stay away from service-based companies in India. These companies often offer subpar work conditions and lower salaries. They focus more on short-term projects and do not invest in long-term growth and development, which can hinder your career progression.

Focus on companies that prioritize long-term growth and development, offer competitive salaries, and have a positive company culture. This alignment of values will not only benefit your career but also lead to a more fulfilling and rewarding professional journey.

Conclusion

Transitioning from a service-based company to high-paying roles in product companies is a challenging yet achievable goal. By acquiring knowledge of the latest technologies, gaining work experience in small companies or startups, and enhancing your coding skills, you can position yourself for success. Remember to avoid service-based companies and instead focus on aligning with companies that value your skills and offer growth opportunities.

With perseverance and the right approach, you can build a successful career in the tech industry, leading to higher paying roles and a more fulfilling professional life.