Earlier today, I was pointed to a post on ‘how much money do you need in India for a good lifestyle’!!
It makes an interesting reading..comparing notes on the various aspects of costing a home!
As a recruiter I have always been asked if there is a formula to convert ones US salary and reckon how much to expect in India!
And my standard reply..has been –‘please do not convert a dollar as 45rupees-but more around Rs 9 ( going by the famous United Nations theory of Purchasing power parity!)
But a more indicative pointer is that one can expect abt 20-30 % of the US salary for junior and middle management positions. For EDA, chip design and higher end skills this could go to 40%. And in those one –off senior management positions –a la R&D or Engineering Head- the Country Manager positions –it could go in the range of 60-70% of the last drawn US salary.
This has also been in consonance with the concept of outsourcing..as essentially it is driven by cost arbitrage, and most companies talk of a cost of operating in India as about one third of that in the US!!
But is a 100k salary in the east coast same as someone earning the same in the Silicon Valley??
The debate rages on…:-)!