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I have an admit for MS in CSE from a decent college in US. I am earning around 39L per annum including everything. YOE is 5.5. I have to make a decision for Fall '21, what do you guys suggest, should I continue here in India and work harder or should I go to US for MS. I am planning to work around 6 years in US after MS and then come back and work here.#tech #techcareer
I second this advice. You might save more in US cumulatively in 6 years but you'll be at peace in India. Don't have to live on the mercy of USCIS. You don't have to constantly worry about visa stampings, status changes, ead and what not.... Today if you earn 39 lpa you can reach to 80 in 6 years. You basically can afford tons of luxury in India which you can't even think about in US. Life is much better in India.
Stay in India . Stay in peace from lifelong visa issues , lifelong anxiety and regret . Money will come and you will anyway have a better standard of life and growth in 6 years in India. If you get bored of tech you can move to management in India . In US you will be stuck in the same role forever because of visa issues . After 6-7 years if you still have that itch you can come on L1 at some manager level.
Nobody is stopping you from going back to India and live an anxiety free life. You made a choice. I would encourage others to move to US if they get a chance!
Sunk cost fallacy in my case .
If you are looking to experience foriegn lifestyle and work for a few years, go to Canada/UK instead which have more humane and relaxed student/work visa rules
Does uk gave relaxed work visa ! I thought its hard to get to uk from india by applying from India
They have relaxed their student visa and stay back rules after a drop in student enrollment. People can go this route and convert to a work visa
Thank you guys for your views. I get what each one of you have tried to communicate. Any idea on an average how much can be saved while working in US for 6 years. And if I get back after working there, will I be able to get a good job here with 12 years of experience?
I can try to give you a simplistic answer assuming no dependents and static income. Also, expenses can vary so much coast-to-coast. Let's say you are going to make 100K per year. With your 5.5 YoE, you'll probably make much more in tech. Generally, you can expect to spend 40-50% on living expenses (rent, utilities, food, leisure, etc). One point I'll make here - it depends on your preference too. I know 2 people living in the same city doing the same kind of job with almost same income living within 10 minutes of each other, and their living expenses are 25% and 60% of income respectively. So, conservatively speaking, you'll end up saving about USD 30,000 per year i.e. about USD 200,000 in 6 years (like i said, with static income assuming no inflation, etc). And if you have a bay area high tech role paying big bucks, then you'll naturally be saving a lot too. Compare this with how much you save with your current income + potential income in the next years if you stay back home. Does it make sense to you? It's important to consider the risk as well. US vs India, which country offers you a more consistent cash flow / job security / unexpected disruptions ? And the ability to take up a new role, hassle free ? I can't really answer about prospects back in India when you'll go back after 6 years but I've seen some people do it and they generally take up head of xyz roles. (e.g. Head of Product Management). Let me know if you need to discuss it further. With more details, I can probably give you more specific answers.
The reason I am thinking to go there and do MS and get a job and work for sometime is that I want to save some corpus in less time and I will have master's degree in my resume.
If your goal is quick savings - maybe consider immigrating to the US directly for work? That way, you have an idea of what you'll be making before you decide to shift your life here. An L1 internal transfer is more convenient too. I personally don't see much difference if you get your MS vs work those 2 years. If anything, schooling might put you back in the same queue as other graduates.
I'd suggest staying back. Not sure if you're already settled down or not - but the 2 years of education + 6 years of work (excluding the struggles of being on OPT/H1B) and eventually going back home might not be very profitable, both mentally and financially. In those 6-8 years, you can grow so much more and also have a less disruptive lifestyle. Cannot emphasize enough about the stability. I have no data or first/second hand experience to back my advice but it is what I feel based on my understanding and evaluation of your case. With your salary, it seems like you can afford comfortable vacations abroad once in a while - so visit US on vacations if one of your reasons is to experience America.