A Mumbai-based investment management company's job posting went viral after internet users discovered a significant mistake in the wage calculation. The organisation recently posted a few job positions on LinkedIn, including one for the title of "Associate – Founder’s Office (Finance)." Social media users found the remuneration provided for the post amusing, despite the job description appearing to be fairly straightforward.
An annual remuneration of Rs 26 lakhs would be given to the selected candidate, according to the company. Things are going well so far. Nevertheless, the very next sentence said that the associate would receive Rs 20 lakhs per month.
There is an error in the salary calculation.
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The job posting on LinkedIn mentioned, “The Associate – Founder’s Office (Finance) will serve as the Founder’s strategic financial partner, ensuring high-impact decision-making, structured financial oversight, and execution excellence.”
Under the "Compensation and Benefits" category, the salary was mentioned. Benefits included an ESOP grant of the same amount, an annual retention incentive of Rs 3.25 lakh, and the chance to work with the founder, "gaining unparalleled access to high-stakes investment decisions."
A screenshot of the job post with the mistake in the salary calculation was posted on X.
A user commented, “The monthly salary is 20 Lakhs, but the annual package is 26 LPA. Hmmm interesting.”
Another user expressed that he was amused by the post and wrote, “Monthly Salary: 20 LPA Annual Package 26.5 LPA. And this company works in finance. And they want candidate to be data-driven.”
Another user trolled the company by commenting, “Now we know why they need a finance person.”