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NEED A PROPER SUGGESTION / GUIDANCE
I'm a fresher candidate, I'm currently working at Xoriant Solutions as a software engineer with 5LPA package. I got it through off campusing. I have got 2 more offers from college placement, first one is SENIOR ANALYST at Capgemini with 7.5LPA and second one is SOFTWARE DEVELOPER at Hitachi with 9 LPA.
Which company should i join as a fresher to have a proper growth or a good role in future ?
Any help regarding this would be highly appreciated.
During salary negotiations with Infosys. HR : what is the offer you holding? Me : 40 HR : We would not be able to match that. Me : yes I understand, but you need to compensate me on some other parameters, maybe onsite opportunity. You cannot say since this is Infosys, take 30 or leave. HR : no, the max we can offer is 26. 😸😸
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Depends on your lifestyle. Many families in the US with 2 working parents make much less than that.
It’s unlikely you will be able to get much done without paying for at least some amount childcare. Unless you’re taking about doing this business once they are school aged.
Feasibility totally depends on COL in your area
The only way out know if it is feasible is to create a detailed budget and see if you are and your SO are comfortable with it.
From my perspective it’s potentially very risky- too many eggs in one basket even in a low COL city. If your spouse has to stop working for whatever reason then the bulk of your income, retirement funds, health insurance, etc. are gone. It will be harder for you to shift gears and lead in the event of an unexpected emergency that forces you to do so. And this doesn’t take into account saving to help your kids with college (if that’s something you want to do). This all depends on your appetite for risk though- I personally am excessively paranoid about this type of thing.
Idk...kids are REALLY expensive. If you live in a rural area this would maybe work but $80-$90k with a family is not a lot of money
That was my HH growing up and and I grew up in a large city. We were solidly middle class and I didn’t want for much.
90K isn’t a “lot”, but it isn’t little either.
Edit: if my spouse* only makes 80-90k
It's doable because it had to be done. I grew up in a similar situation and wouldn't plan it for myself if I knew I could make sooo much more. I live well below my means, but I wouldn't ever want to go back down to below $100k as a single income if I could help it, let alone that amount for the family. There is so much sacrifice that has to be made at that point. How much money are you and your spouse able to save for retirement? How are you paying for your kids college? Do you have to tell them no, you can't afford the cost of the travel soccer team? Are you worried about not being to afford the next major car repair? Can you afford an unexpected trip to visit a sick relative? Do you feel serious stress when the cost of your health insurance plan goes up because you could barely afford it before?
Depends on your location too. I’m in Texas and that setup is reasonably common here, especially in more suburban areas.
This seems a little low to me for a family, especially if you're used to living on a consultant salary. It's a doable, but be prepared to make a lot of sacrifices. Also how far your money goes depends a lot on where you live and what expenses you have (do you have loans, large mortgage?)