Originally posted by BirdieNumNum
... i think you should have an open-mind. Your dad might be right but for reasons very different from the ones he remembers. Emerging markets (EMs) offer tremendous growth opportunities, growing as they do from 5-10% a year. By comparison, growth in the West is anemic and likely to be that way for years as they muddle through huge deficits. Granted, EMs are starting from a low base, but salaries are at par in a lot of industries. Senior bankers earn 2- 5 million USD a year, with millions more in stock options that are appreciating. If the US were growing at those rates, folks would be going bananas! And we havent had the EM kind of growth in the US even in the internet boom of the late 90s and early 2000s (it probably touched 4.5% then). Socially too, India is 'happening' and vibrant. Crime is of course a problem. But given the huge population, it's no worse than the US per capita. You've got campus/ date rapes that are also endemic in the US. So all in all, if your dad has succeeded in making you know that there are other places beyond the West, then he's done you a favor. You dont want to be unidirectional in your thinking. You never know where your professional/ married life takes you to..
Looks like i am responding to your posts a lot
or just posting a lot
i work for a bank too but earning even 1 million in any bank is a far fetched dream, have nt you heard of new sanctions, regulators and so on.. its a everyday story to us and a sad one too.
EM desks do make money but so do fx traders buying selling usd/gbp versus cheap currencies because it fluctuates a lot..
anyway i should stop my gyan and back to TM post
sounds like culture clash to me rather than anything else.. your father has inherited values from his elders and he probably just want to hold onto those(and who does not)..
its not about india being great or to leave or not.. people move around globe all the time and seeing the world definitely helps you grow as a person as well as help you grow as better professional with scope of earning more money..
People work overseas and when they move back home they get paid better ..
when you are in foreign land you represent your culture then why not be as authentic as you can be.. i have starved at times but refused to turn non-veggie