"If money is the only thing driving life, you are forever condemned to meandering! I hope there are some other things that make it more fun to hang out here, there or anywhere."

I agree on this globalindian, I left India for LOVE (my husband)! I was working with American Express making Rs.30K per month till 1999. Dunno what it had been now.

Though I disagree on the Indonesia and Iraq example, India growth is not a bubble (I wish this growth goes further from our metro cities to the villages too…to the real India), the salaries infact are good compared to old times...there's no harm if people want to go back even if it is for money.

Jona

Looking from both sides, IMO, its a headache for HR folks. There could be thousands of resumes. But the way things are in univ and colleges, they need lot of improvement. There is complete lack of soft skills. Learning how to write codes or accounting is not a big deal. There are other things too.

DIO

Looking from both sides, IMO, its a headache for HR folks. There could be thousands of resumes. But the way things are in univ and colleges, they need lot of improvement. There is complete lack of soft skills. Learning how to write codes or accounting is not a big deal. There are other things too.

DIO

1.My own younger brother (2 years younger to me) in the late 30's age group. B.E(Civil Engineer), M.S(Environmental Engineer, US) Vice President in ABB in India his annual CTC is 31 Lacs.

2.My ex-colleague in RPG ranker in ICWA and in CA from India. He worked in Wall Street in US in junior positions and his age group is mid 30's and he has moved back to Reliance Capital 3 years ago at Rs.60Lakhs in Mumbai. If there are any good CA's with experience may be I can try to get you his \\\"Network\\\".

3.My own class mate in MBA today the country manager whose link I have provided here with places tonnes of Financial Professional in India at salary ranges of Rs.50 Lakhs to 2 Crores per annum.

http://www.linkedin.com/pub/1/A45/583

4.My own cousin brother M.Sc(OR - Calcutta), MBA - Systems from IIM Ahmedabad, country manager for a German SW company in Bangalore and lives on the adjacent house to Rahul Dravid on once side and across EAS Prasanna in Indira Nagar. He is in his late 40's early 50's his CTC is Rs. 1.5 Crores.

5.My ex-colleague in another company in India and he is just a BE(Chemical Engineer) from AC TECH, Chennai with no Management Qualification is the current MD of BOC(India). You can judge for yourself howmany KOKKAS he will be making.

http://www.domain-b.com/companies/companies_b/boc_india/20060606_contract.html

He was a Senior Manager in 1993-1994 making around Rs.6 Lakhs Plus.

6.Fresh BE's from Engineering colleges in TN are hired at Rs.3 Lakhs which goes up to 8 to 10 Lakhs within 2 years


I can continue more case histories and one thing is in common that is IF you have a good experience Managing SBU's and later Companies or portfolios you can make salaries ON PAR with USA or even surpass them in India.

Most of us are all living in an India which is in 2003 and all of us have to fast forward our remote controls to 2007. Just for our information SOMETHING RADICALLY HAPENNED TO INDIA IN MID TO LATE 2004.

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Speech by Thomas Friedman of The New York Times....

"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"

One thing I must correct myself from my earlier post. I have learnt that salaries are really astronomical in India. To earn 10 -15 Lacs in India is not a big deal any more.

Quote:

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Originally posted by shankaracharya

1.My own younger brother (2 years younger to me) in the late 30's age group. B.E(Civil Engineer), M.S(Environmental Engineer, US) Vice President in ABB in India his annual CTC is 31 Lacs.

2.My ex-colleague in RPG ranker in ICWA and in CA from India. He worked in Wall Street in US in junior positions and his age group is mid 30's and he has moved back to Reliance Capital 3 years ago at Rs.60Lakhs in Mumbai. If there are any good CA's with experience may be I can try to get you his \\\"Network\\\".

3.My own class mate in MBA today the country manager whose link I have provided here with places tonnes of Financial Professional in India at salary ranges of Rs.50 Lakhs to 2 Crores per annum.

http://www.linkedin.com/pub/1/A45/583

4.My own cousin brother M.Sc(OR - Calcutta), MBA - Systems from IIM Ahmedabad, country manager for a German SW company in Bangalore and lives on the adjacent house to Rahul Dravid on once side and across EAS Prasanna in Indira Nagar. He is in his late 40's early 50's his CTC is Rs. 1.5 Crores.

5.My ex-colleague in another company in India and he is just a BE(Chemical Engineer) from AC TECH, Chennai with no Management Qualification is the current MD of BOC(India). You can judge for yourself howmany KOKKAS he will be making.

http://www.domain-b.com/companies/companies_b/boc_india/20060606_contract.html

He was a Senior Manager in 1993-1994 making around Rs.6 Lakhs Plus.

6.Fresh BE's from Engineering colleges in TN are hired at Rs.3 Lakhs which goes up to 8 to 10 Lakhs within 2 years


I can continue more case histories and one thing is in common that is IF you have a good experience Managing SBU's and later Companies or portfolios you can make salaries ON PAR with USA or even surpass them in India.

Most of us are all living in an India which is in 2003 and all of us have to fast forward our remote controls to 2007. Just for our information SOMETHING RADICALLY HAPENNED TO INDIA IN MID TO LATE 2004.

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TK & SK you are putting all age group in one bag and comparing their annual earning. Can you endorse a REC / MS / present earning CND 70000, <12 yrs experience will get Rs 60,00,000 if returning to India. I am in for the move. PM me your contacts please.

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Charlie,
You can try by applying through Naukri.com (The premier job site in India). If your skill is in demand, suerly they will call you. Also i feel that if you were already working in India (for some skills) you would certainly have an edge.
The other better thing is that I am sure that the Gulf countries will most certainly recogonise your talent. For employment in the Gulf, the best chance will be if you go in search of jobs there.
Once again, I would emphasize that your skill set should be in demand.
For Eg. An architect who works in Factories drawing boxes in Autocad would NOT surely get a good job either in the Gulf or in India. I am sure you do understand. You need to exhibit a certain level of competence for your experience.
TK A

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