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What's the salary for a SA at KPMG London?
Hi everyone. I have HR discussion and Salary negotiations soon in Bosch Bosch Global Software Technologies Robert Bosch Bosch Global Software Technologies How much CTC should i ask for?
Current CTC : 12 lpa
YOE: 4.2 years
Skill : Azure Devops Engineer
How much can i get best offer? Should i ask for WFH options.
They said i am shortlisted for a project with german Client and i already had a client discussion with the germans earlier.
No managerial round with SD for me direct HR .
Please help
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Yes but you should move to a cheaper neighborhood. You can get a 2b 2ba for much lesser than 6k per mo. Your savings in rent can then cover daycare or a nanny. You’re not gonna be able to save as much with kids so factor that in.
Rising Star
Do not have children because it is an economically sound decision. Have children because you love and want to nurture kids and want to do that with the person you love most in the world, because you have values and beliefs you want to pass down. It will never make sense economically to have children (unless you have millions +). If you and your partner want kids out of love, you will figure out the rest.
Not if you don’t want them to grow up in extreme poverty.
What a weird flex this is.
OP - I’m ex-big law and now work in Boise and have a great life. You likely said it is jest...but Boise is a great place...
Rising Star
No. You need at least ten mil. Sorry, I don’t make the rules. 🤷♀️
Am I missing something? Why would you need $500k in the bank to START having kids ?!?
Yeah 6k assumption for a 2 bed is too much. I’m in Manhattan paying 4.2k for a large 2 bed on the east side.
Pro
No I’m pretty sure you need $2M. That waitress with two kids that served you dinner last night, she has $3.4M in the account.
If only the teenagers on 16 & pregnant asked these questions...
No
Liquid Saving are nice to have for emergencies, job change, etc., but you really need to make sure you can comfortably cash flow your life with kids before having them. That’s the real test. Map out a budget with a hypothetical kid... if it negative cash flows you either need to forgo kids at this time or make lifestyle changes (I.e move to Jersey like others suggested).
As a fellow NYC resident I feel you.
Of course anybody CAN have children with less money saved but OP is more concerned about the quality of life that can be provided to the children which I think is very responsible and a totally relevant question for this city. NYC biglaw isn’t a sustainable gig and I think financial planning is crucial for family planning. I think NJ/LIC/BK suggestions are fair points - many around me don’t think the city is a sustainable place for a family long term anyway, and cost is a large part of it.
You could live like a king down here in Texas!
Lots to unpack here, but on a serious note, NYC is not exactly the most kid-friendly city. You might want to consider other markets, not only for their lower cost of living but for the family-friendly offerings they have (Colorado and Texas come to mind but of course there are many others).
Can I be your kid? I’ll only charge you $30k a year and I’ll already bathroom trained. 😂
Kids plural? Do you have family money and family support? Otherwise, yes, if you don't mind a lesser standard of living.
No family to help. Worried that at $30-40k/year in child care it’ll add up. And presumably need to get a bigger apartment.
You can definitely get a cheaper but bigger apartment just look outside Manhattan. I have several friends who moved to huge apartments in jersey city for less than their Manhattan places and the commute on the PATH isn’t bad
You'll never be "ready" to have kids. The decision to have kids isn't about money but about you and your SO. I grew up in NJ suburbs with lots of families commuting to NYC for the cheaper cost of living and better quality of life for families. But I'd personally prefer to raise my kids in the city with all of the culture and activities.
A few folks here are throwing shades at the OP but as a fellow NYC resident, I feel you! I would think that $500K is certainly enough, but that of course depends on the type of lifestyle you and your partner are planning, whether you intend to continue working at big law, what your partner’s career/financial situation is, etc.
I second moving to a slightly more affordable borough. There are parts in BK that are more affordable and spacious, have ample nanny/day care resources and so on.
My partner and I (early 30s) want to have kids but we just don’t feel ready. We make about joint 500k pre-tax annually, but money just seems to go out at every blinking second. We only have about $300k saved (excluding 401k), and don’t plan on having kids soon because we want to buy an apartment first. I also don’t think I’ll last at big law very long, and my partner is also so, so burnt out. If we both change jobs, our income will decrease by a lot so that’s something that we’re thinking of as well. NYC is so expensive, hang in there!
Move to the burbs
I think it’ll be fine as long as you’re making the right financial decisions. You should be living well within your means and continuously saving especially if you plan to pay for your children’s college down the road. I think money management is more important than what you have in the bank.
Wait until you have at least $5mm