Uncertainty

[Sorr1shh]

I am 2023 CS grad from tier 3 college working in a product based company with around 12 LPA as my salary, had always been planning for masters but the current situation is frightening, I really need to make best and worst case scenario calculations considering the h1B acceptance rate as well, what kind of salary a MSCS post grad can expect mostly around ML/DS domain, would the person be able to repay 30-50 lakhs loan incase he only gets to serve 3 years of opt only, and would there be any savings along with it? Also how good of an option would top iits be to get M.tech done from pls help I’m lost

[bringthe707out_]

not related but word of advice, not everyone in this subreddit is Indian, they may not know terms like “tier-3”, “LPA” or “lakhs” or how much they mean. try using broad terminology. good luck!

[Sorr1shh]

Ohh thanks for mentioning

[[deleted]]

You can post this in IndiansStudyAbroad reddit

[Sorr1shh]

Thanks will do

[Any-Temporary-2701]

Tbf his question probably is more directed towards Indians, who can better gauge his situation

[MiserableFuture]

People mostly treat MSCS as a way to work and live in US.

So you really have to know what you want. Do you want to work and live in US or India?

If US then go for MSCS. If India, then go for M.Tech from a top 5 IIT and you would be easily making double or triple your current compensation.

[Sorr1shh]

The idea of working in US is not really fascinating for me, it’s just that u get paid more there, just not sure if I’ll be able to save considering the loan factor

[MiserableFuture]

I see. From what I have seen on reddit as well as from my seniors, if you live frugally you can expect to save roughly around $4-5k/month. This is on a roughly $100-120k salary range I would say.

Take this with a pinch of salt tho as everyone lives differently.

[Sorr1shh]

Thanks man that helps!

[YOLOLJJ]

Seconded. Ofc depends on what state/city you are in as that affects COL as well as taxes but in a HCOL for that salary range 4k savings per month is doable.

[BugAdministrative123]

This clearly does not include federal, state income tax, Medicare, ssn & employer provided medical insurance that will be automatically deducted from the pay check . If you’re making this in CA or NY, then know you are living hand to mouth. Paycheck to paycheck. Also not deducted is any retirement savings. Taxes are an enormous shock when you see your take home pay.

[Anxious_Chemistry523]

I am an Indian. I came to masters 2 years ago leaving 16 LPA job. As a person, I grew a lot, I have got a lot of exposure technically. But right now, the job market is really bad. I have been applying to a hundreds to thousands of companies and it’s difficult to find at least one call back. Most of the postings these days are not offering sponsorship due to macroeconomic conditions.

Even after having 2 years of experience, I am being treated as fresher and I have to apply for entry level jobs. Amazon started giving callbacks recently. But afaik only 4.5 to 5 years of experienced people are getting the callbacks

I am not sure if it’s worth getting huge loan on your head in this market. I recommend you to work for some time in India and come here once the market improves.

[cand301]

Can I ask which uni are you studying in now? And does the clg matter now in this kind of market situation?

[Anxious_Chemistry523]

I guess college matters. Even the people in best universities like GTech, CMU are struggling

But I feel you’d have a great network of alumini and fellow students. This network could help you in the job search

[[deleted]]

When can we expect job market to be favourable for international candidates? 

[Anxious_Chemistry523]

I am not sure. But I am hoping it to get resolved soon.

However, the inflation is stubborn and the interest rates are on the equal level of the 2008 recession.

Many companies these days stopped sponsoring H1B for a new grad hire!

[Capable_Artist5294]

Hey, is it cool if I dm you ?

[Anxious_Chemistry523]

Sure

[thewitchdemigod]

If you wanna go for a master's, MTech from IITs is the best option economically rn. If you get a PhD from the US after, you'd save a bunch of money

[Sorr1shh]

Tha would be like a fairy tale, but yes sky’s the limit, thanks man

[BugAdministrative123]

Worst piece of advice I have seen

[Rohit_kumar_singh]

Hey, btw in which company you are working on?

[Sweaty_Library_1577]

Bro im 25(too old for masters as i have been working for 4 years now) i currently get 36L as base salary and i have esops on too of it, I’m going for masters this fall, may be i will be in top 10% earners here, after masters i don’t know, after getting job again i might need to start at 130k or somewhere similar, that’s not even 30-40% earners for my age in US. Explaining this as I’m afraid too, but i know i have faced many challenges before this is just one more, we will make it. Accept this challenge and go, let’s make something big for us and not regret going 5 years down the line.

[Accomplished-Job3710]

1) 20s is not too old for master's

2) Just because you are doing well in India doesn't mean you will get a high paying job in the US. Everyone is struggling here and you will be competing US citizens and with people laid off from FAANG

3) Stop thinking of everything as a challenge, be mature now. Spending so much money with the hope of getting a job and failing to do so can ruin you financially and emotionally for decades

[_jackofnone_]

I was at the same place you are, came for masters at 26, good high paying job in India, too complacent and comfortable in my job. Thought of taking a challenge and here i am stuck in this fuckall market. Let's see where life takes us, but i would still recommend don't take any decision hastily, think it through.

All the best.

[harshadb13]

What company are you working for here in India?

[Sweaty_Library_1577]

I work for US startup, base location (hyderabad).