Got a job offer at Ahmedabad worth INR 15 lac, seeking advice to move back?


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DELHI INDIAN   
Member since: Aug 10
Posts: 296
Location: Toronto

Post ID: #PID Posted on: 06-12-10 02:24:35

I would suggest you to check out with your experience in a specific field and with your qualification, are you getting the right package in India that matches with other with similar experience and qualifications. It is a big decision, do proper homework before making any decision.


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DELHI INDIAN


web2000   
Member since: May 06
Posts: 849
Location:

Post ID: #PID Posted on: 06-12-10 10:52:43

Quote:
Originally posted by backtoindia

We are a small family of 3, with son (10 yrs old). I am working in one of the leading companies in a management position.. Apart from my Engineering degree/MBA from India, I acquired another MBA degree from Canada..Wife is working as an occasional teacher (difficult to get a permanent teacher position here)

Income is not bad.. never went into factory jobs.. always had white collar jobs..Was marketing head in a reputed company while in India..moved nearly 6 yrs back..

Just received offer from a reputed company in Ahmedabad for 15 lacs pa.. seems lucrative, so want to go back..

Can you pl. provide your thoughts??

Thanks



If you have a Canadian citizenship then don't miss this chance. 15 lacs is a very good salary and the good point is that salary appreciation in India is much higher and you can get a significant jump in ur salary in a couple of yrs. In Canada, if u lose ur job then chances of getting a second job at this time is almost NIL.



Garvo Gujarati   
Member since: Nov 01
Posts: 3117
Location:

Post ID: #PID Posted on: 06-12-10 11:42:40


I would say 15 Lacs salary almost equals to 100,000 $ in Canada when you compare the cost of living. What you get is a better social life there, if your family and friends are there.

Quite often, though, the people there are too much social. It means if you are used to quite life here, don't be surprised to see lots of invitations for strangers :)

Ahmedabad is changing very fast and I don't it would be hard to adjust there.


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A Proud Indian Canadian


febpreet   
Member since: Jan 07
Posts: 3252
Location:

Post ID: #PID Posted on: 06-12-10 12:06:50

I don't think 15 Lakhs per annum is a very good salary. Entirely my opinion, as it comes to about a little over 1 Lakhs per month. Did you calculate how much in-hand you will receive? Is it a CTC or a Salary? Please consider that as well. Also factor in the Real Estate. Do you have your own house in India or planning to buy one in the city once you move? Any cultural, social, environment (bribe, curruption, lawlessness, donations in schools/universities esp. the high fee in NRI quota etc.) implications need to be factored in as well - just in case if you're interested in. Make sure you won't have to repent your decision, lacking any short/longterm implications and benefits.

Go back only if you have a loads of money and already a house in India. Then only you can look to have a sufficient savings with your proposed 15 Lakhs employment.

Do the complete SWOT analysis alongwith pros/cons of your decision and then take a plunge.



Maharaj   
Member since: Oct 02
Posts: 1721
Location: Brampton

Post ID: #PID Posted on: 06-12-10 12:43:16

Quote:
Originally posted by febpreet
Go back only if you have a loads of money and already a house in India. Then only you can look to have a sufficient savings with your proposed 15 Lakhs employment.


I second this ... Considering the fact that Real Estate is not cheap in India - 15lacs is not enough. Look at the Mortgage Rate, its not 4% that we pay here.
Social Expenses will also rise by expanding Social Life in India ...



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Mumbai Maazi Ladki ...


web2000   
Member since: May 06
Posts: 849
Location:

Post ID: #PID Posted on: 06-12-10 14:55:09

Quote:
Originally posted by Maharaj

Quote:
Originally posted by febpreet
Go back only if you have a loads of money and already a house in India. Then only you can look to have a sufficient savings with your proposed 15 Lakhs employment.


I second this ... Considering the fact that Real Estate is not cheap in India - 15lacs is not enough. Look at the Mortgage Rate, its not 4% that we pay here.
Social Expenses will also rise by expanding Social Life in India ...





What about property tax? In Canada u never own a house even after u paid off ur mortgage. U always keep paying significantly for keeping the house and it never ends.



dimple2001   
Member since: Apr 04
Posts: 2873
Location: Western Hemisphere

Post ID: #PID Posted on: 06-12-10 15:10:38

Quote:
Originally posted by web2000

What about property tax? In Canada u never own a house even after u paid off ur mortgage. U always keep paying significantly for keeping the house and it never ends.



Aren't there property taxes on RE properties in India? I thought there were.....


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Dimple2001



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