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I read in one of the comments above that you’re coming with 14years of experience, 120 is what a lot of folks with 1-3 years of experience make and tbh I feel like you’d be living pay check to pay check with the only one earning in a family of 3
SC1 is way off - people in tax with 1-3 years of experience are not making 120. Stop overly inflating OP’s expectations.
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Are you on H1-B? Try to negotiate a higher base. If this is your first time in US, take it. I am an Indian and you would save with 120k in LA. I know exactly how much expenses it will be, so there is no question of hand to mouth here. Even if you rent a 2 bhk, you would end up saving being an Indian. They are low balling you but it's with everyone who comes for the first time. If you are on H1-B, you can switch say in 1-2 years for higher comp. Do not let the US opportunity go easily. DM me for any guidance.
Pro
☝🏼eY4 is spot on,GC is worth more in the longer run..consider this route OP
120 is what poor people makes in CA. 140 is ok and 160 will allow you to save some money.
Thank you, this is really helpful. Appreciate your answer.
120 doesn’t get you very far in California
With your experience, you should be north of 200k but they sometimes exploit you when you’re from out of the country. After taxes, 120k won’t go far. I have 4years of experience and I make 110k.
Hi OP, I would also try to negotiate for a higher base. I’m getting 110k as my base in Dallas as a S2, and I’m in advisory (consulting)
Depends on where in LA. Also renting/owning?
Generally 120k won’t allow you to buy even a condo in any nice parts of SoCal. But you can find something away from the city but in safe neighborhoods with good schools.
Renting might allow you access to nicer neighborhoods.
@EY 1, Thank you for your answer... Will DM soon... since I am from GDS I have been offered less I guess and also the partner told me that this is the highest package they offer for a manager 3 in indirect tax services in EY LA office.
Rising Star
I'd try to negotiate a higher base. You're coming here with some risks. I'm assuming you'll be brought on L1 visa so you won't be able to find anything better until EY applies for an H1B for you (and it's a lottery).
You should try to come on L1A and see if you qualify for EB1C if you don't want to wait 100 years in line for a green card.
Pro
L1A is perfect for you to get GC fast if you wanna settle down here…if they don’t budge on the salary part ,negotiate to file your I140 and GC after a year or even sooner..that way you are free from your employer within couple of years after your arrival..
I make 120k as a senior in Houston.
You may want to reconsider
Definitely need to reconsider, thank you for your answer
Pro
I think $120k translates to Tax manager 1 pay in LA.
Compensation for tax professionals really differs in big 4 depending on whether you are JD/LLM or a tax accountant and location. So while some numbers given here for seniors are higher, you don’t really know what track they are on. LLM starting salaries are usually higher. Anyway for tax accountants starting base in Houston is 70-85, so managers shouldn’t be that far off from 120k. Given that it’s LA, I suspect they are lowballing you but not by much. You should use Glassdoor, you can see the usual base pay range for that locality and know how to renegotiate.
I am living in Kansas where cost of living is less and making 100k with family of 3 (spouse not working) and I can hardly say that I am satisfied with my salary. I can only save more than India if I am giving up lots of things in my lifestyle.
Ask them to either increase your salary to atleast 160 in LA or place you in a lcol city like Charlotte or some Texas small town.
They’re lowballing you. 120k is too low for a tax manager 3 position. You need to negotiate for sure.
Coming from a recruiter perspective, negotiate your pay please. People offering you that amount see you as cheap labor and I hate immigrants being treated like that. I have candidates who have 5-7 years experience and is being paid 150k. It doesn't matter where you came from, what matters is what you can bring to the table.