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Hi,
Need help with the compensation and designation at EY, INDIA - Performance@ Improvement Team.
I have 4 years of experience in banking & fintech and am currently being offered 23L at senior con level. I tried negotiating a manager level but was told that I lacked experience, it requires 6y. Do help me understand if there any lee way for negotiation/ is the current comp and designation the best that EY can offer for MUMBAI location? EY Consultant
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In psychology, this is known as differentiation from your family of origin. How you navigate this will have repercussions for the next decade or longer. Choose wisely. (Get a therapist and talk it through with them.)
SDPM1, when I first read your response I thought you were OP and was like, well damn… you asked!
Agree with everyone that you’re an adult and your parents seem to be overstepping.
One thing though, have you tried negotiating? Tell the landlord you can’t afford the increase and may need to move. If you’re a good tenant, it would be more beneficial for them to do something like a free month than to find a new tenant.
Absolutely great advice. Call the landlord or if it’s a management company call them and tell them what’s up. Usually they will work with you, especially if you are a good tenant. I tried this once myself when we were renting a place and had a landlord and I couldn’t afford the insanely large increase he set. I negotiated with him for another 2 years and he didn’t increase to what he wanted originally. He knew he’d get someone quickly but he may not get someone reliable like we were and we paid on time every single month.
Ask them to pay or let you do your own thing
Set boundaries with them. You're an adult and can't afford what they're asking. They provide you no financial support ..you make your own decisions. Just move or get roommates. They'll get over it
Rising Star
Also basic math. Assuming 145/month over a year lease.
See where that shakes out against the cost of a full-service move.
Unfortunately that’s a very low salary for two years. What I’m not following is your parents won’t let you move? As in you want to move home? If not, sorry parents, boy/girl is an adult and makes their own choices
Pro
Can you move to a different city?
Rising Star
Yep. I need this __ or I’m doing that ___. The choice is yours parents.
Chief
2YOE and initial low ball means you can find yourself with a sweet new offer with a little bit of elbow grease. Moves are a pain in the ass (and also a money sink) and your parents know this, put in some effort to finding a new job and you'll soon forget the minuscule rent increase.
Can I have a referral? 🥺
Lmao are you at boot camp o a minor. You sound like you should living WITH your parents 😂😂
Pro
II think the difficulty is increased by OP’s parents’ financial situation. They probably send him or her on a guilt trip for not taking care of them enough.
If you live below the poverty line then $65K annual income sounds like limitless resources.
Chief
That increase is brutal and unallowable in a lot of cities.
It is!!!! I didn’t know this until way too late!!! But rent negotiation definitely is a thing!! If you’re in an apartment complex you can even move to a smaller apt within the complex if that works, otherwise try and offer a longer lease in exchange for freezing the rent. Guaranteed money is almost always better for them than more money in the short run. If you might have to move.
Uh what. U live and pay ur own bills ur parents tell u what to do
Pro
Oh boy, they have a deep grip on you. I’m so sorry. It is so unfair to blame you for their unhappiness or whatever goes wrong in their lives. I may sound dramatic but that’s emotional abuse.
Try to negotiate with your landlord. It may go better than you think. If he says no then at least you trained your “I speak up for myself” muscle a bit. It will serve you well next time. As for your parents, I really think you could benefit from therapy. Maybe a therapist with a similar cultural background like yours. I’m sure you’re not the only one with that problem.
You are an adult. If you are paying for your own place they can’t tell you what to do.
Oh sweet summer child, if they aren’t financially helping you, do what is best for you financially.
Indian or East Asian?
East
I would always recommend having an emotionally mature conversation with your parents, but I know every family is different so here’s an alternative plan:
Take your parents with you to go see places you can afford. Talk to the broker in advance and make sure they only show you the smallest, dirtiest, and dingiest places they have. Maybe even have them take you to a nicer place, similar to your current spot, where the rent is something that seems outrageous in comparison. ($1800k/month perhaps?) Once your parents are convinced you can’t live alone safely or within budget, they will change their minds on getting roommates.
Pro
I’d rather recommend to get a room mate and not telling them instead of setting up such a big show. I mean, there is clearly something pathological in their behavior and I wouldn’t cater to that.
As someone with strict parents and who still struggles with feeling obligated to do whatever they tell me...JUST DO WHAT YOU WANT. You're making your own money and can support yourself, don't let them emotionally manipulate you or guilt trip you. They'll eventually accept it, because they have to if they still want to be on good terms with you.
My experience, my parents were EXTREMELY against me moving in with my longterm boyfriend before marriage. I was stressed and cried a lot over multiple conversations, but eventually I just went and signed the lease without letting my parents make the decision for me. They're fine with it now.