I’m contemplating going back to India but i feel I’d seriously miss out on TC. However, consider 2 cases - Earning in USA and staying in USA. Earning in India and staying in india. Would it even matter? I feel us tc is higher because of the col and once i have kids/wife I’d save less anyways. Isn’t it the same in india too?
- Express VECOSo here's my 2 cents. I lgrew up in India, worked in Dubai , went to grad school in the US and have been working for the past 2 years in the US. I ask a lot of people this question when they contemplate staying vs going back. If $1USD= 1 INR would you still be here, If the answer is No I would say leave if you get a decent TC in India.
- Philips / R&DyellowblkFrom savings perspective you can still have good savings. My friend with 9 yow in bangalore got offer from from one of the well known company. Combining his RSU's it's coming close to 50 lacks rupees. So there many companies which are paying good salary in india now if you are not considering traffic and dust.
Other than traffic and dust (this issue is only in big cities) life will be luxurious if you can get good package. Family, friends, festival. So rank your priorities and decide.
- You will have more affordability in India. In US you are caught up in immigration, higher cost of living etc..
I don’t think US has better quality of life. Medical sucks, commute in Bay Area is as bad as any Indian city, ppl are forced to buy shitty homes for million dollars
- Traffic in bay area is still lot lot better than almost all major indian cities. Ppl who complain about bay area traffic havent seen traffic in india. On a 1-10 scale of stress in traffic, bay area is like 5, and most indian cities are 8-10. Banglare especially is easily 11+Feb 63
- Op, you are missing the point.
You can also rent a house in Indian city close to work to avoid commute. Insurance is there as long as you have a job. All is good when you are young and healthy, long term medical costs will pile up. In fact, medical bankruptcy is one of the biggest bankruptcy.
Forever renting may not work especially when you have kids. Further H1b is a bigger nightmare when you have family.
Also in know ppl who get 25lakhs TC in India with 2yoe. 25 Lakhs in India is way better than 120k in Bay Area.
Again it is a personal choice, but I don’t see it financially prudent to stay permanently in US with a temporary H1b visa.
- @OP, I agree with one of the above comment. Set a financial/career goal and leave after achieving it. This is what I'm doing.
I wanted to achieve two promotions and a financial goal of million dollars. For India, million dollars is good enough amount I felt.
I achieved 1st one and close to 2nd. I'm leaving with family in an year, been here for 6 years.
I already prepared my wife and kids about leaving this place from past 1 year and they are mentally prepared for it.
Salaries in India have increased 2 - 3 folds in past 6 years, so I won't be doing bad in terms of income. But with 1 million dollars, I can retire on day 1 and live. I won't be able to do that in USA. I will be close to my family and I can take care of parents. My wife doesn't have to do home chores, we can hire helpers and she can take rest. We can celebrate all the festivals in proper manner with family. We can eat the food we want. There are lots and lots of things I'm looking forward to.
Career wise, being a senior, I can dictate what I want to work on and what I don't. I also have plans to start 2nd income sources for consistent income when I retire, I can't do the same here because of Visa issues.
Healthcare sucks here, getting a doctor's appointment is difficult, investigation and diagnosis takes long time. After diagnosis, they work slowly towards curing the issue. It's really miserable if you get any complicated health issue.
I can rant much more but I think you got the gist :p
- Google / EngCBnr71@SDE3! “Career wise, being a senior, I can dictate what I want to work on and what I don't.” Nice joke 😂 .
Amazon India has lot of intelligent people they mostly hire IIT and NIT but the project they get to work on are mostly the ones which are either in maintenance phase or the ones which US team does not want to work on. And that is a reason why lot of talented but frustrated IITian NITian come to US to work on better projects. I believe it is the same scenario for Google India and Microsoft India.
And about dictating what you want to work on 😂🙏, I don’t believe SDE3 or staff would work. You need to be at least Engineering Director or VP level to have that kind of influence and power.Feb 81
- New / EngszhAlso worth considering the fact that purchasing power of your TC is likely higher in India, if you're generally frugal (depending on your social circles, this maybe easier in India), not particularly materialistic, and don't want to settle in a tier 1 city eventually.
Although not great for the country, you also gain a lot from the social inequality. You're certainly going to be amongst the tail 0.01% or whatever in terms of income and wealth, which comes with its benefits.
I moved out of Bangalore, and really miss life there. The 200 varieties of chai for 20Rs, the food, the sheer chaos, randomness and low downside to taking entrepreneurial risks.
Pollution, traffic etc. - I never really had issues with that while I was in Bangalore, you cope and become resilient to it to some extent - I'd spent 2 years in some shady parts of Mumbai, which was even worse. However, when I go back now, I feel that life in a first-world country has made me fragile.
- Quality of life in big indian cities is horrible. Traffic, pollution are the big problems
- Looks like you are just starting your career. Unless you have serious immediate responsibilities to take care of like parents or something, stay & make more money.
May be take this decision 8 years down the line when you have pumped up bank account espp rsu from a top company.
Then sit on a chair one day in your million dollar home and decide. I did the same.
- I have 11 yoe and got a million dollar net worth. I could not have made this much in India. But that’s because I stayed. Pushed boundaries.
How much is so much to make a call is subjective. Go to fang and work hard. By the time you reach 11 yoe, you might be sitting on 2x the pile or more.
Most of the cash saving is done when you are single. After marriage and kids forget saving.
So reap while you can. Then decide.
- Your quality of life is what u should consider. And there are pros and cons of both. So think about that
- Microsoft MSFT!YMMV, I found this to be a good read.