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.
DryStay74
Stealth
10 months ago
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.
Qwerty2398
Stealth
10 months ago
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.
SrSoftieBro
Stealth
10 months ago
Loll. You have a very narrow definition of quality of life my friend.
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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.
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
misterwhistler
Stealth
10 months ago
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.
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/
NocturnalTip
Stealth
10 months ago
May I know which company pays 1cr base in India.. for 10yr exp.. this is for my knowledge purposes.
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.
Brutallyhonest
Stealth
10 months ago
India is the best
1 cr in India would be hella lit. 🔥
The only reason to move abroad now is: currency arbitrage.
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.
The Indian salary is way higher than the Meta number. You have to consider other non-monetary factors
One risk in US is the Visa. Imagine you get an employment based visa which gets rejected for any reason when it's time for renewal. U will be forced to come back to India. Also green card waiting time is crazy for Indians now.
US also has amazing lifestyle in terms of basic infra and living standard. Of u never lived outside India, US life would be an amazing experience and help u evolve. Don't base your decision only on money. You are very young at 31 and can afford to try different things.
If I were u, I will go to US for experience of living in a different country.
Indusplateau
Stealth
10 months ago
It's not that straight forward,
He is 31. You won't have a network to mingle.
Adjusting is hard at this age but still doable.
Growth - US is expected to go in recession, no one knows when but it is bound to happen.
One thing in us is if you are a bright star then people are willing bet on you till you turn into a millionaire.
In money terms, India offer is much better. Though your friend needs to consider quality of life and future opportunities too.
State ? Because it plays a critical role while planning the finance, state wise tax, how expensive city is etc.
Well If we don't go into depth. Simple calculation would be $210k after taxes. And if one spends $80k a year, that person will save around $130k (>1cr). But this calculation only makes sense if you are not trying to settle in USA
I hope this helps.
Well After reading all the comments I didn't take stock option into consideration. So in above calculation I am considering all $300k cash.
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