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HI.. I am Naga Srinu ..I have experience of 11 yrs in Accounting & Finance..Still my CTC is 6.70 lacs as Sr.Execuitve (Branch Reviewer)
My query ..I want to Increase my salary package and shift to software MNC companies. What are the channels to get into big 4.
I am feed up with salary increments frm past 11yrs.
Kindly any one advice n share ur experience.so i can get awareness.
Note: Software i worked on GAC Dolphin ,SAP ,Oracle ERP, Tally ERP.
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If you’re not in a select few fields, your salary just doesn’t afford anything close to what your working class parents had.
They’re doing the math and seeing that something isn’t adding up.
Ex. You have an 850 perfect credit score.
A used Honda civic a couple years old is about $17k give or take, 4 year note at 7.5% (super-prime used rate) is about $300/month with nothing down.
An extremely modest 3 bedroom house in a low-crime area in the south can run you $225k. 30 years, $0 down at 5% (LOL) is $1,700.
So you’re at $2,000 a month before you’ve gotten anything to eat or done anything else.
$50k salary, 23% effective tax rate for a single person leaves you with $38,500 after tax, which is $1,480 each check if you’re paid twice a month.
So for a very modest car and very modest house, I’ve already spent 100% of one check and nearly 50% of the next one.
And I still haven’t eaten yet. Or done anything else, like paying for all the other costs that come with a car and a mortgage.
It’s a fact of life. Quit acting like you somehow got dealt a much tougher set of circumstances than the generations before you. Everyone has to make choices. Make good ones and you’ll be fine in 30 years and able to retire. Make bad ones and you’ll be living paycheck to paycheck for a lot longer than 30 years.
I have a bunch of personal finance books from the 90s talking about how tough things are. They had the same excuses to explain why it’s so much harder for them, but it turns out the simple advice they gave works just as well today as it did back then. Stop complaining, make a budget, understand you have to make choices, live with roommates, all the things. You’ll be just fine in 10 years.
Im gen z and a hard worker, but PA is exhausting. Im not enjoying life, I am just barely making enough to save a little after rent, car, student loan payments. I want a larger paycheck, but I also really want a nap. It’s hard to keep working and grinding if I can’t even save enough to buy a house or unplug and rest on the weekend
Gen Z must not understand how unemployment works.
ETA: I read the article and it just sounds like people didn’t realize how tough the real world would be. You get problems that you have to figure out the answers to - it’s not like kids’ cartoons where the solution is figured out for you. I’m sure that’s stressful but then these new job market entrants are blaming it on their mental health.
Exactly, if you quit, you don’t get unemployment. In my state unemployment is up to 12 weeks and only up to $350 a week (and that is taxable.).
I think it’s both. The Gen Z people I work with are ambitious, but they’re not willing to burn out for a paycheck. If they don’t see a future that includes fair pay and a reasonable workload, they’ll look elsewhere.
Unemployment is a significant challenge that limits both financial resources and time. It is impossible to sustain a life solely on unemployment benefits.
As a retired baby boomer, I empathize deeply with the struggles faced by young people in today’s world. Generations should never compare their life experiences with those of new generations. It is like comparing apples and oranges; they are vastly different. Making a decent living has become increasingly difficult, and with the advent of artificial intelligence, I fear the situation will worsen.
Navigating these challenging times requires a pragmatic and strategic approach.
Develop a wide range of skills and never stop learning. Embrace challenges and cultivate self-confidence. Recognize that in the workplace, there are no true friends. Colleagues and acquaintances are all you have, and your friend at work could easily become your enemy. Never assume that everything is going to be good or bad.
Accept failure as a learning opportunity and strengthen your resilience. It’s all about survival of the fittest, and remember, there is no such thing as fairness.
Rising Star
Kinda funny to see PwC throwing around the NEET term. I thought is was only Japan that used it.
Rising Star
The real reason is that the boomers f*ckd future generations for their own gain
Hell yeah brother
Also depending on the state/ metro area, a ton of Gen Z can’t afford their own apartment or house. If you’re living with your parents & have no real bills, you can be way more strict with what you let ruin your peace
Life is harder now very true. Also true though is what we consider essential to live. In the 80s the avg house size was something like 1200 sq ft, today it’s 2200 sq ft. The avg new car didn’t have all the computer equipment and power windows, auto transmission, etc. our expectations of what is essential has gone up but. It either the cost of living. At some point our essential expectations will come down.