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I really think that the insurance policy given by mediassist is way more expensive for parental insurance, means who will pay for 50k+ premium and that too for large copay, I guess the leadership team should intervene here....Parental insurance is really important for any employee and most of the time is only needed.
Recently I used parental insurance and found that the insurance company only paid for 50% of the total bill.
Tavisca JPMorgan Chase
Chief
Why 5 years? If you want to make partner, transfer to EY india and you can invest those 5 years there. Or invest those 5 years in any career. India is a very competitive market, you’re not going to seamlessly get your desired position based on US experience.
Regardless of the money, it is a life restart if you switch to any country. If you really want to do it, do it sooner. You will have a lot more variables 5 years down the line.
If your kids are age 5 or less when you move it won’t disrupt them at all
Rising Star
Professionally - before the US I worked for a smaller consulting firm. Kept in touch with the MD through all the years so eventually when the day came to go back - I didn’t even have to think twice about my job when I landed. Walked into the office with a good role in hand :) m or SM is the best position to move but ensure that you have hands on skills . People management in India isn’t the differentiator. Whatever you’re good at - sales, marketing, product dev, etc make sure you can run the show end to end, hire the right team , etc. especially at a growth firm. Start networking right now with target firm MDs. Normal interviews in India are very difficult to crack - avoid them.
Financially - save 80% of your income, sell all assets one year before actually leaving the country, invest in ETFs and I moved all my money in chunks 3 years before the move. Also bought an apartment in India and ensured that I got all the work I needed done before I moved in.
Thank you D. Super helpful
Fishes, appreciate replies thus far but can you all actually guide me instead of questioning the will and grit to go back 5 years down the road. Maybe a lot of people did not move back but the ones who did, how did they plan is what i am trying to get to. Thanks
Following, i am planning to move back in May 2025. Countdown has begun...
Yeah SM. Can you also share some perspective on how you are thinking professionally 5 years from now? Where would you like to be ... partner or something else?
OP, I moved back. DM me if you want
Pro
I don’t have definite timeline to go back but I need to go back at some point to take care of parents.
My plan is to reach director level in my current firm with an executive mba from top school so that I will make my profile more global, standardized and strategic rather than playing tactical roles.
Then move into industry or tech firms (any start up to google/Amazon). Then move back to India as Regional head or leader (in whatever form that comes up may be VP, Sr. Director whatever it is).
If I continue in consulting then I will network within the member firms and make a move.
Financially, my goals are like leave $100K in ETFs in addition to 401K plan and let it grow in US market. I already have bought 2 houses/real estate back in India along with some emergency funds for myself and for parents. I will probably increase them by certain more given that my future indian salary won’t give enough cushion to save more for all my dependents.
Thanks SM. Yeah based on the responses to this post, that's what I am thinking. Not sure EY transfers partners to India and I am leaning towards moving to industry although I like consulting. Thats the trade off I guess for long term
Pro
I have seen such posts. They never move.
See my above response. Thanks for your value added comment :)
You can start some small business and lead a comfortable life with this much worth...
Thanks. I'd like to go back and either work with a growth startup (pref) or corporate. Will be 35 then and like to think I'd have in more to keep my career going. Trying to figure out what should be my career goals in the US to have those exit options in India in 5 years
Are you married?
Dude, I have seen so many say it, but soon you are so knee deep, it is impossible to move voluntarily
We are in the same boat Op. A few things I can add to the list of things you want to consider before moving back - funded 529 for kids, $300k in 401k, a home/apartment in India, 2 pieces of real estate anywhere (for rainy days)
Professionally, I’m targeting moving to a FAANG company in India. The packages are pretty good from what I hear
Chief
OP, move now (as soon as the baby is born) or never. I wouldn’t uproot my kids when they are already in school and used to American lifestyle
Ditto, transfer them in grade 1.
Which city are you planning to move back to?
There are some return to India groups on FB that I’ve seen which help with finding jobs especially in the Bangalore / HyD area. Would recommend that you check them out