true. also i remember, with one of the companies i worked for, a co-worker took an intra company transfer to some place in the mid-west, and the company actually did a salary adjustment for him! i guess he wasn't expecting to earn less money when he asked for it.
there are a few companies that dont do large adjustments, but it makes sense, if someone moved from a city with a lower cost of living to one with higher of course he will expect a cost of living adjustment, same works if you move to a cheaper city. The company can hire someone locally for going wages in that city which would be less than what someone is making in NYC, so why would they wantto move the person and pay him more than they would have to, unless the person is critical and they dont want to lose him etc.
you can never be satasfied with the money you're making. The more you make, the more the expenses and the more you desire. Last year I made 50k and I still hustled with bills and expenses. Three years ago, I make rougly 20k and the same situation. This year hopefully I'll be around in the mid 60's and I know it prolly wont be enough. So I just dont even bother myself. The more money I make the more excuses there are gonna be on my list to spend it.
ok so we more or less know what is required to live comfortably in uk and north america. ive heard that desis in norf america are doing really well. what positions and what industries are desis doing well in?
Its not that desis in north america are doing really well, I mean they are but lets look at the reasons. The biggest one is that the desis in north america in general have a different ratio of educated folks versus uneducated ones.
You do see differences in physicians because docs in US earn a lot more than docs in UK and even Canada, but for the other roles, things are not too far off in relation to avg salaries.
someone with a good MBA in US is doing well, but so is someone with a good MBA in UK, same goes for software engineers, recruiters, you name it.
A good household income is probably 150k-200k for the lower side of the upper middle class, and is very much attainable for a couple who are both in senior positions in a professional field.
I have mixed views on salary. On one hand, I do NOT want to get short changed for the work I do. If I am more knowledgeable than my manager, then I'll be damned if I'm going to be working for half the wage, doing all the grunt work. It' s not going to happen.
On the other hand, I have few needs and little wants. I was happy and comy with my starting salary of 50k back almost 8 years ago.
But, I haven't bought a house yet. Now that I am seriously considering, I'm glad my salary is on the higher side of that now...
if someone has an MBA from London Business School, the avg starting salary is above 50K pounds/year. in dollar terms the avg starting salary for a London Business school MBA in 2006 was $101,831.
around 50k is a pretty decent salary to start off with in the US especially for engineers.. and 80k if you have several yrs of experience. and it grows....
but if you look at the starting salary of doctors or ppl in investment banking then we are looking around 100k+ on an average..
i should have listened to my parents and become a doctor when i was young :( :D
Sweet gig…does that MBA require work experience, or is it right out of undergrad? My niece is starting undergrad…so we’re shopping around for grad schools…
Another thing to consider is work for the dollar. Some professions don’t pay as much, but then one doesn’t work nearly as hard or for as many hours.
Yet others have a heavy bonus structure. My buddy was a manager at a bank…he claimed he doubled his salary in the yearly bonus…bizzare…
Sweet gig...does that MBA require work experience, or is it right out of undergrad? My niece is starting undergrad...so we're shopping around for grad schools...
Another thing to consider is work for the dollar. Some professions don't pay as much, but then one doesn't work nearly as hard or for as many hours.
Yet others have a heavy bonus structure. My buddy was a manager at a bank...he claimed he doubled his salary in the yearly bonus...bizzare...
I doubt any of the top MBA programs would take candidates with no work experience. 2-3 years is minimum work experience expected.
btw bonuses vary by role and level, if he was in investment banking, then it is entirely possible that he doubled his salary in bonus. but otherwise at a 'manager' level in a bank, that seems a little off. In general someone with 2 years of experience becomes a manager in a bank.
so u planning to go to LBS now? :) good school. no lemme rephrase great/amazing/phenomenal school
Me at LBS? hahaha. I have 0 biz accument. I am good at history and pol sci. not a disaster at economics (high school level) but I reckon with effort I could get a BA in Economics.
