Is there any truth in that?
Through this article, we sift through various sources like Quora, Reddit, etc.
to see whether tech behemoths like Facebook, Google, Oracle, etc.
really offer such extravagant salary packages to students during campus placement from the elite Indian engineering institutions called IITs.
First of all, not all students are offered such awesome salary package.
For the rest of the IIT grads, the average on-campus job placement offer is much less.
Another student from IIT, Madras says that the whole Rs.2.00 crore news is a myth.
Another Quora user gives a perfect answer to the whole Rs.2 crore placement offer for IIT elite students.
Out of the $100k, around $3540k will go as taxes.
That leaves you with around $60k.
SF Bay Area has one of the highest rent rates in the world.
Even to rent a hut, youll have to shell out at least $20k a year.
A decent house with all basic amenities will cost you around $30k.
And forget about getting a new house.
Itll take you at least 5 years to command that kind of salary.
So, youre left with $30k now.
Labor is insanely costly in the United States.
No wonder the Americans have close to zero lifetime savings.
It is only the beginning of your career.
source: www.techworm.net
