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Gap has reduced but Silicon Valley still pays 4-5 times more for the same job than Indian salaries. As a single guy you can save a lot even accounting cost of l

by frontman1988 5y ago

Gap has reduced but Silicon Valley still pays 4-5 times more for the same job than Indian salaries. As a single guy you can save a lot even accounting cost of living. Probably the reason which helped OP come to India(along with Tesla stocks 10xing)

ramraj07 5y ago
This is not true. The multiplier is at best 2-3x right now. Given the order of magnitude difference in living expenses this is insane.
- RestlessMind 5y ago
  Let's take a concrete example. Google India L4 compensation is 82K USD[1]. For SV, it's 268K[2]. That's >3x right now. And accounting for 40% taxes and 30% spending (~7K per month which gives you a super comfortable lifestyle even in SV) leaves you with 30% savings, or ~84K USD which is the entire pre-tax pre-CoL salary for the same kind of work in India. Numbers are even more skewed as you become more senior. Now one may argue with Google being an outlier. But Google is an outlier in India as well and a lot of companies pay similar (>3X between SV vs India). SV is also not special in that Seattle or NYC will net you similar numbers. Care to cite some hard data about your statements? [1] https://www.levels.fyi/company/Google/salaries/Software-Engineer/L4/India/ https://www.levels.fyi/company/Google/salaries/Software-Engi... [2] https://www.levels.fyi/?compare=Google,Facebook&track=Software%20Engineer https://www.levels.fyi/?compare=Google,Facebook&track=Softwa...
cuteboy19 5y ago
You have to factor in CoL too. It might be logical to earn for a while in the US and then "cash out" to India
isignal 5y ago
Quality of life for the same pay is different though. In India, labor is much cheaper. However, rule of law, open space etc are not as good. Working temporarily in the US to save money for India could be a good arbitrage.
- pm90 5y ago
  Experiencing corporate America is also pretty revealing and useful since most tech jobs in India still require interfacing with US based companies.
mohanmcgeek 5y ago
So SV pays 4-5x or 0.85-0.9x adjusting for cost of living And EU/Uk pays 2x or 0.4-0.5x adjusting for cost of living. Devs in India are getting paid _more_ now adjusting for cost of living.. It's just that, cost of living stops making sense after a specific amount. For a lot of things $1 = $1 You want to buy a laptop in India? still costs $2000. Vacation to Exotic Islands? Would still cost the same.

ramraj07 5y ago

This is not true. The multiplier is at best 2-3x right now. Given the order of magnitude difference in living expenses this is insane.

RestlessMind 5y ago
Let's take a concrete example. Google India L4 compensation is 82K USD[1]. For SV, it's 268K[2]. That's >3x right now. And accounting for 40% taxes and 30% spending (~7K per month which gives you a super comfortable lifestyle even in SV) leaves you with 30% savings, or ~84K USD which is the entire pre-tax pre-CoL salary for the same kind of work in India. Numbers are even more skewed as you become more senior. Now one may argue with Google being an outlier. But Google is an outlier in India as well and a lot of companies pay similar (>3X between SV vs India). SV is also not special in that Seattle or NYC will net you similar numbers. Care to cite some hard data about your statements? [1] https://www.levels.fyi/company/Google/salaries/Software-Engineer/L4/India/ https://www.levels.fyi/company/Google/salaries/Software-Engi... [2] https://www.levels.fyi/?compare=Google,Facebook&track=Software%20Engineer https://www.levels.fyi/?compare=Google,Facebook&track=Softwa...

cuteboy19 5y ago

You have to factor in CoL too. It might be logical to earn for a while in the US and then "cash out" to India

isignal 5y ago

Quality of life for the same pay is different though. In India, labor is much cheaper. However, rule of law, open space etc are not as good. Working temporarily in the US to save money for India could be a good arbitrage.

pm90 5y ago
Experiencing corporate America is also pretty revealing and useful since most tech jobs in India still require interfacing with US based companies.

mohanmcgeek 5y ago

So SV pays 4-5x or 0.85-0.9x adjusting for cost of living And EU/Uk pays 2x or 0.4-0.5x adjusting for cost of living. Devs in India are getting paid _more_ now adjusting for cost of living.. It's just that, cost of living stops making sense after a specific amount. For a lot of things $1 = $1 You want to buy a laptop in India? still costs $2000. Vacation to Exotic Islands? Would still cost the same.