Business Roles14mo
by SillyNarwhalAnalyst
GigglyPancake
1Cr base salary India vs $300K Meta base US
Is it really worth it based on any metrics(PPI etc) to stay in the US If you have 1cr base cash salary India?
Asking for a friend: Age 31. 10 yrs work experience in tech.
15mo ago
BouncyPanda
Stealth15mo
What I have studied and learnt from different folks. A $100K salary in US is equivalent to ~25L salary in india. This is called PPP( purchasing power parity)
It should be easy to make decision now.
CosmicLlama
Freelancer15mo
It' should not be seen or compared on PPP basis. But quality of life. Anything above 200k, I would say US is better.
In India money matters only if you are struggling to make ends meet. The quality of life of US cannot be replicated here unless you are into civil services.
ZestyBoba
Stealth15mo
Loll. You have a very narrow definition of quality of life my friend.
SillyCupcake
Stealth15mo
You can enjoy your 1 Cr base stuck in traffic, breathing horribly polluted air, drinking shit water and paying bribes for every little thing in India or you can enjoy 300K plus clean air, good roads, systems that work with visa uncertainty in the US. 300K in the US over 1 Cr in India for me.
Before folks rip me, have lived in the USA for years before having to return due to shit luck in the H1B lottery.
FluffyTaco
Swiggy15mo
Truer words weren’t said. Curious if you’re willing to share - your ctc in US and now in india? Assuming you are a developer
DancingPretzel
Stealth15mo
300k in meta as growth potential in US is high ..India companies max out at 1 cr pay also in US if you can save , u can save a lot but in india saving will be limited only as tax rate is very high in india. If looking from money Lena US is anyday better. But if you are looking from lifestyle sense India is better as you can live like king at 1 cr afford maids , servants , drivers even PA. That you can't afford in US.
GigglyPancake
Zerodha15mo
Even Rippling not paying over 1cr base?
WobblyNoodle
InMobi15mo
Based on PPP, 1 cr in india is better and would be equivalent to 430k in US.
Use this for conversion - https://salaryconverter.nigelb.me/
SqueakyPenguin
Stealth15mo
May I know which company pays 1cr base in India.. for 10yr exp.. this is for my knowledge purposes.
SquishyQuokka
Gojek15mo
1 cr in India would be hella lit. 🔥
The only reason to move abroad now is: currency arbitrage.
SqueakyUnicorn
Adobe15mo
Anything less than 3x in TC between Indian and US a clear no unless the US lifestyle is something that enamours you in which case stop doing TC conversions and go live your life.
Ideal ratio is 3.5x - 4x+ which is what PPP conversion also indicates.
The real problem in the initial years of moving to the US is that you are taxed like you are rich but your NW level is pretty poor.
Takes years of grinding to get past that.
BouncyHamster
Gyandhan15mo
The Indian salary is way higher than the Meta number. You have to consider other non-monetary factors
SwirlyTaco
Salesforce15mo
What about stock options, stocks must be much higher at Meta.
GigglyPancake
Zerodha15mo
That India also has. Plus bonus. So not pegging that
SwirlyTaco
Stealth15mo
Depends on social / family outlook and what they really want. After a certain the threshold on the tradeoff of sacrifice is crossed.
Living in the US is not for everyone, the money ramp and opportunity at better roles can be excellent though.
The only counterbalance is that a lot of roles are now out of India and increasingly getting better in terms of options.
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