comparing IT jobs in india with USA

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techy2468

Registered Users (C)
spoke to few of my friends......one has come to usa......on H1.....he wants to stay here....another one planning to come as soon as his H1 gets thru in oct..

reason: they are in one of the big companies.....they are average developers......not IIT or big CS degree........hence salary is not going above rs 6-7 lacs....hence savings is not more than rs.20k/month..........in usa they are expecting to save atleast $1200/month.........and later on atleast $1600

so i can say that.....if you are big shot in technology......you may get rs.12 lacs in india....then it is worthwhile........(but at the same time you can get 100k in usa.....save enough to retire in 6-8 years.....).

take home message.....there are thousands waiting to come here on H1.....usa gov/business does not have to care about GC applicants.
 
That is right Techy..There are thousands of people who would like to come to US..Well I spoke to a friend and guess how he came to US? He paid the employer and got the H1 processed and came to US that is the kind of situation here..big companies does not pay well and the career progress is kind of stagnant..and I am not sure if we can save $1600 a month??
 
techy2468 said:
.........in usa they are expecting to save atleast $1200/month.........and later on atleast $1600
Click to expand...

Mortgage payments, heating bills, 2 car payments, Nani and daycare expense, higher petrol prices, eating out cost, International Phone calls,stupid cell phone, a trip to India once in 2 years ...

Hmmm if one can save 20,000 a year ... I would say its so great man...
In capitalism ... the structure is so that one is not able to save.

If saving money is the chief goal then Dubai or HK might be great places.

How to beat the structure ... please post ... it will be helpfull for many.
 
salary: 60k , take home 3200/month

rent = 800
transportation= 400
grocery = 400
others = 400

this applies to one income bachelor person.

sorry...if one has a kid and two cars and a big mortgage........at the same salary....then i am sure....there is no space for any savings.......
 
techy2468 said:
reason: they are in one of the big companies.....they are average developers......not IIT or big CS degree........hence salary is not going above rs 6-7 lacs....hence savings is not more than rs.20k/month..........in usa they are expecting to save atleast $1200/month.........and later on atleast $1600
.
Click to expand...

$1200/month is too little for H1 employees who is working for IT industry.
In my area, average is more than $100K per year, and then can save it at least 30k to 40k per years.
 
I think you are right, CA may be a better place right now since rent has gone down a bit......but salaries are still good.
 
Deduct at source in 401 K PLan

Deduct maX permissable at source in 401 K plan, can save 15 K per y and that too tax free.

Why buy 2 cars on installment pmt, save cash and buy used good car (not junk). In 8-10 K one can get good Japenese car. Atleast no need to buy new car for spouse while on H4.
Same with nanny/daycare if spouse woking than dual income. if wife on H4 no need for nanny/day care.

If you bought house without GC in hand than stupid move because higher interest rates and softening mkt would mean selling for a loss if you have to leave US.
 
Depending what state you go to and what your marital status is, you may save or may not.
Also being on H-1 is tough since most employers underpay you. Green card process is incredibly slow (if you go the legal route).

As previously said, mortgage, kids, car payments, bills and you don't really save at all.

Every day I'm doing my calculations and it's getting less and less attractive to live in the US. Costs of living are becoming very high and if it continues with the same trend trend, I'll be moving back to Europe in 2 years tops.

I'm in New Jersey and this state is getting rediculously expensive.
I need approx. $4000 / month to cover all my expenses and we don't travel to our home country every year.
I'm married, have a wife, who is not allowed to work, and a son.

Could we live on less? Of course, and we did, but if we wanted to save, we'd have to sell one car and a house, which would bring down the expenses by as much as $2000/month. That saves you about $20k/year.
But then we'd probably travel a bit more and there goes your $$ again ;)
 
texancanadian said:
Deduct maX permissable at source in 401 K plan, can save 15 K per y and that too tax free.
Click to expand...

Taking into account you're earning a lot and don't need that extra money every month

Why buy 2 cars on installment pmt, save cash and buy used good car (not junk). In 8-10 K one can get good Japenese car. Atleast no need to buy new car for spouse while on H4.
Click to expand...

I agree, but if you don't have much money for downpayment, you will still need to finance, even if it's just $10k. Most newcomers don't have credit history which means higher installments.
$10k with 1000 down and with a very good APR (around 7% for used cars) is about $195/month.

Same with nanny/daycare if spouse woking than dual income. if wife on H4 no need for nanny/day care.
Click to expand...

Sometimes even if you have dual income, you can't pay for day care. Nanny, maybe one of the illegal ones.
Here in NJ, day care goes from $1000-$1500/month. You can get a nanny from like $6/hour.

If you bought house without GC in hand than stupid move because higher interest rates and softening mkt would mean selling for a loss if you have to leave US.
Click to expand...

No, it's not stupid. Stupid is not to buy, at least still in the current market.
I was waiting for too long to buy because I had the exact same way of thinking you have, what if I have to leave and have to sell my house in a hurry. Well, since then, prices have gone up by way more than $100k.
We'll see if future changes something, but as of now, in 8 months I've owned my home, it appreciated by $30k.
 
SoR you are not making much sense...

if wife is on H4.........why do one need nanny or daycare??

if wife is working........then income is double...
 
techy2468 said:
SoR you are not making much sense...

if wife is on H4.........why do one need nanny or daycare??

if wife is working........then income is double...
Click to expand...

I know I'm not making much sense to you, are you in US? It's a completely different world than anywhere else.

If your statement was true, I'd be making sh1tl0ad of money and I'm not.

If wife is on H4, you might still need a nanny or day care - maybe wife's studying rather than rotting at home doing, well, nothing!
She can also do volunteer work, etc. etc.

If wife is working, maybe you're making $80k and she's making $20k - income is not double plus you pay more taxes.
With her $20k/year in New Jersey, there's no way you'd pay for day care, clothes, food and transportation unless you cook at home every night and take it to work the next day (actually some people do that).
Public transportation here is expensive and cars are too, insurance is one of the biggest factors, it's costs you monthly same as a car payment (depending on the county, some are even twice more expensive than that!).
Etc. etc.
 
It all depends where you stay and how much is the rent. In the places like stamford, ct & new york you just can't save anything when living with family with one decent income, b'cos the rent itself costs you from 1500 to 2000 (for 1 or 2 bedrooms) + other other expenses as said above. The people lives in texas, florida and other low cost of living areas it's best to stay in the country and see some money, when you can't save anything then it's no point in working here in US with all this retrogression stuff & freaking GC process journey.
 
sending wife to school...is a luxury....cant expect savings then.

i am in alabama, not many job....but 60k goes a very long way...

but i have heard...that i can easily get 75-80k in NJ, NY or boston........how else can one afford the extra tranportation and Rent?.
 
Interesting

Guys Interesting topic
I agree with SoR abt buying home.
I am a non techie and the salaries quoted here (100K0 etc) is great..
i make a very a modest salary and i am non techie but klive in Orlando
two years back my only criteria while buying house was what am i paying as rent and can i put another 100-200$ to that and afford ahouse
bingo thats what happened. If i am to follow the market data i see a 120K appreciation on my house...
my wife attends Med school but fortunate to have a free ride. so lets forget it
but i think in Orlando with a homemortgage , two cars( used) and decent lifestyle one can expect 20K saving and if one;spouse is workijng .. than kya baaat hain!!!!
all this b4 bocha arrives
will the equation change?
i am not there yet
 
masaladosa,

When your spouse graduates from med school you will get to eat Biryani and Tandori and Lobster every day. If you are veg then Rasmalai every day.
Dont worry. With a doc as spouse in US you are in a different league to start with.

On the house thing, remember that paper appreciation is quite different from actual. You may think you have $ X appreciation but remember that when you actually go to sell things may be different. Plus remember that you have to appreciate at least 6% to break even because when you sell you have to pay commission for buyer and seller to the agent. Plus you never recover your closing cost. But basically buying house depends on your confidence for getting GC.

Education is best investment in US, because it keeps on paying month after month for life. I would not consider tuition fees of H4 spouse as "expense" but as "investment" plus you will recover some of what yopu spend on tuition at tax time (lifetime learning act)
 
Why the brain drain?

My experience -
3 multi-national companies in India (with long and short stints abroad - no complaints), good salary and perks

What killed me?
- Air pollution
- Power cuts
- Bribery (yes, Ration Card and Gas connections)
- Road conditions
- Neighborhood goons (car headlights busted one night, when I protested as this guy had hooked up a light connection to my electricity meter to sell Diwali firecrackers and was feeding a 500W bulb)
- Bribery (Telephone connection cut upong not regularly greasing right palms)
- Neighborhood goons (we want you to pay us Rs. 500 for this Puja)
... you get the drift

QoL changes ..
 
texan

I agree with Texancanadian regarding home values.
thats why i said based on today market data:):)
vaise i was lucky that i paid only 1grand as closing cost and the seller actually paid the rest( USPS- postal service was moving him so Govt paid)
anyway
today here its going for( actual sale) 150-170USD per Sq Ft
Cheers
 
masala_dosa..........you are talking about buying house as an investment..........and you are promoting the idea because you have made gains because of market conditions....

i had bought more than 1000 google shares when it came out with its IPO.....do you think that was a smart move.....no i just got lucky....

i am not able to buy house.......because i do not know which city i will be staying put for 3-5 years.....

lets say the housing market crashes now.....and property loses 30% value.......and you are forced to move because of job.....what then???

i would consider a house more as a place to live rather than an investment.....and it is preferable if i know that i will live there for atleast 5 years.......
 
Buying a house is a personal choice. I think it best depends on your propensity for risks. To tell you the truth both sides are taking risk.

1) Those who buy are taking risk of sharp decline if the market tanks when they have to leave (either cant get GC or move to another city).

2) Those who dont buy are going to get hit if mkt keeps going up.

However assuming stability there is one thing to consider. Property taxes

Here in TX I can get decent 2 bedroom apt for $ 800. Assuming I go for $ 200K house. With property taxes of at least 3.5% that comes to taxes of $ 7 K per yr, while my rent comes to $ 9.6 K. So basically im onlyu paying 2.6 K more asd far as real rent.

Ofcourse cant forget the joy of owning your own home plus size etc, but these are points worth considering especially given the uncertain stage we retrogressed GC guys are in.
 
Move on

texan
lets move this discussion off the forum.
very interesing pts u said
lets send each other PMs
there are folks here who are bothered abt GC will be irritated to read this.
Cheers mate
 
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