Reality of 1.5 Crore Package After IIT in USA! Do I make $250k as Software Engineer? - YouTube

Hey guys! you must may have heard that IITians get 1.5 Crore package in US

check India 66 lakh in India is common and 1.5 crore in USA

but I am going to share the reality as I have become a Software Engineer in the US

I will share why my salary's value is more than $300k and more than 1.5 crore in USA

I will also compare the salaries after IIT in US vs after degree in US

I will clear all your doubts. the goal of this video is pretty simple to show if you are on OPT or on H1B which city you should choose

whether it is $80k or $200k in Different cities

So lets face the reality because all the students (IITians) who get package in California or in US around 1.5 crore is all FAKE

Lets say an IITian gets get a job in Palo Alto area in California around $250k

Lets compare it with Atlanta where $80k is considered really good

Let's change the game and lets convert $85k in Atlanta into the one in Palo Alto

you will find out that $85k if around $450k

To give you a clear picture of the salary specially Software Engineer salary given to my friend Dr. Chaitanya Sambhara who will be sharing why he chose Texas over California

Did you get an opportunity to go to California as a professor? What was the salary difference?

I am Chaitanya Sambhara

I also went to Georgia State like you did I did my masters and PhD there

When I was finishing my PhD I had interviewed at many places

My first job offer was in a university in the bay area

almost at the same time I got another offer in Ohio

The salary that was offered in bay area was similar to a standard newbie software engineer. I was offered $143k in Ohio I was offered starting salary $150k

I was getting $7k more in a place that was dirt cheap

it should be noted what my thinking was like I was a student for 9 long years (MS+PhD)

I didn't have much money

So when I graduated, I want to come out of poverty

if I were to go to such an expensive place like bay area

When I interviewed there, they gave a real estate tour homes there cost 2-3 million the cheap 1 million homes were shabby and dilapidated

Then in Ohio, the rent was just $800 (actually $795) per month for a 2 bed 2 bath apartment

same 2 bed 2 bath will cost 3500-4500 in bay area, it can cost even more

let us compare on bare minimum basis. If I took a 2 bed 2 bath in bay area, it costs 3500

and in Ohio, if I were paying just 800

year difference in savings in Ohio on rent alone were $33k,

and in just three years I could spend $100k less living in Ohio, saving on rent alone

so I knew that if I go to Ohio rather than bay area, I could come out of poverty very quickly

not just that, if you compare with areas like Palo Alto where you have Apple headquarters

everything is expensive

gas is twice as expensive

car parking is 3-4 times expensive

you know in Ohio I used to pay just 25 cents to park my car for an hour

in San Francisco it would cost around $15 at least

already they were paying me lower as compared to Ohio

everything else was very expensive on the top of that

why would I want to go to SFO?

Believe it or not, the equivalent value of my current salary (in Texas) in Palo Alto is more than $1 Million for the same lifestyle

Your lifestyle can be very different for the same salary depending on where you are

When people get excited for 1 crore, 1.5 crore salary

all such salaries when compared on lifestyle equivalence and affordability you wont believe 2 crore offer in Palo Alto is no better than 15 lacs in Bengaluru, India

If you are making $80k -$90k in Texas, Georgia etc then it is not less than $160k in California

cost of living is very high in bay area due to rent/home, but you can still afford it if you share your apartment

You can find a cheaper option in Atlanta. Can you find cheaper apt with sharing somewhere in Bay area?

I am telling you a real life incident. There were two newly married couple. It was so expensive for them to afford it.

The two separate married couples were sharing a two bedroom apartment ( a bedroom and bath for each couple) in bay area to be able to save some money

The inflated salaries that we see in SFO and bay area, expenses are also very high

When you hear that someone is getting very high starting salary in google, facebook

no need to be impressed by it so much

You can afford a much better lifestyle for half of that salary if you live in an affordable place

but there are no high rise apartments in bay area due to local laws

how much real state can you get then?

many people live 1-2 hours away, and commute

but even the places where they live, are not that cheap

lets say you want to have enough savings that you can live without a job for one full year

It took me 1.5-2 years in Ohio to save that much

in bay area it would have taken me 12-15 years may be

These are infact the cons. Coming back to pros in few seconds. Thanks professor fro sharing your quality information also your journey from Student to Professor on your channel

This is Personal experience. I want to give you an overall picture. Some pros of living there

Easy to find better salaries, more competition. Every dream company is there and growth factor is much more

Every 2 years promotion happens. $150k to 250k, 250k to $350k and ultimately $500k in 5 years as Engineer

2) Valuable connections from every top company. Let's say you lose a job after few years then you can find a job easily because of them.

Now let's see the true figures of how much money you save on H1B VIsa or OPT in Bay area vs in Atlanta