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Is it worth going for H1?

 
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Hi,

I've 5 yrs exp in Java programming. My current salary is 9LPA. In coming appraisal(March 08), I expect 10% hike in worst case. I am currently in US on B1 for short term.

Is it worth considering for H1B? Will I be able to save significantly more in US than my indian salary? How much do people on H1 at my level save per month at max?

BTW, I am 26 yrs old & not married. So I think I still have time to take chances.

Any type of career advice is welcome.

Thanks,
Sachin
 
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Hi Sachin,

The positive and negative sides of H1B as follows:

Positive:
---------

- Since you are single, you may be able to save 1500 USD a month considering moderate bachelor life style.
- You get more exposure to work and you enjoy the US.
- You can explore more and more opportunities in the land of
opportunities.

Negative:
---------

- You need to tolerate job uncertainity. You need to work for short term (mostly) assignment like 3 - 6 months. If you are fortunate enough you may get 1 year job.
- Expenses depends on the state and city you live.
- Your consultant (body shopper) will eat up most of your salary.
- You need to wait years to get your green card.

On top of all these, your H1B application should get shortlisted in the lottery. Hope this information helps.
 
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Hi Sachin,

Is it worth considering for H1B? Will I be able to save significantly more in US than my indian salary? How much do people on H1 at my level save per month at max?

I would say definitely "NO".

The US dollar has become such a weak currency, and chances are good that it becomes much weaker in the short term and remains weak in the long term, that coming in US to save money has become, with all respects, a completely stupid idea. If the US dollar remains that weak, when you will take your money abroad it will be worth almost nothing. You would have to earn really much, some 100,000 $ a year, so as to be able to spare at least 3,000 $ a month, to make it interesting.

Getting US dollars is interesting right now only if you are in USA for a long time, and have much to spend locally.

Dollar's present weakness doesn't make it a good currency at all to spare money. Go for British pounds or Euros instead, these are interesting.

Best regards.
 
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Hi Eric,

I guess you're correct. But the problem is, it is very hard to find a job in Europe or UK compared than USA. I actually got some interview calls from company in USA in the past, but I never got interview calls from Europe or UK company. Maybe you could tell me list of companies in Europe or UK that sponsor work visa for foreigners or maybe some tips and tricks?
[ December 13, 2007: Message edited by: Hendy Setyo Mulyo ]
 
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Originally posted by Eric Lemaitre:

If the US dollar remains that weak, when you will take your money abroad it will be worth almost nothing. You would have to earn really much, some 100,000 $ a year, so as to be able to spare at least 3,000 $ a month, to make it interesting.
.


Majority of people algo to US for better life style.Otherwise you would have seen people leaving US and returning to their home countries the moment $ goes down.If you take the example of Indian cities where IT jobs are supposed to be abundant,settling comfortably,that means 30 minutes distance from working place,afforadable apartmment and other amenities nearby, its a tough challenge!!.Thats why you see even if $ goes down, number of people applying for H1/L1 and green card do not get reduced.
 
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Sachin,

I would say go to US not for money or comport but from career perspective.
You need international exposure. I was thinking the way you were thinking but at later stage I realized about the difference of international exposure.
 
Eric Lemaitre
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Hi Hendy Setyo,

I guess you're correct. But the problem is, it is very hard to find a job in Europe or UK compared than USA. I actually got some interview calls from company in USA in the past, but I never got interview calls from Europe or UK company.

I believe it is now as hard to find a sponsored job in USA as it is to find one in Europe, except through a bodyshoper of course...

But the new European Blue Card (equivalent to US Green Card) could change all : European Blue Card.

The purpose is to attract for permanent residency highly skilled workers, which USA doesn't do any longer in practice (Indians or Chinese or Russians which are a huge majority of present H1B or L1 in USA stand almost no chance to ever get a Green Card because of 7% US diversity laws).
So if European Blue Card program becomes a reality, using it would be a much more valuable option in your case than going to USA, if you consider permanent settlement possibility.

Maybe you could tell me list of companies in Europe or UK that sponsor work visa for foreigners or maybe some tips and tricks?

No, I don't know any in particular, but putting your resume on UK or German "Monster's" site stating you need sponsorship should be enough to check this. UK in particular should be friendly with highly skiled immigrants now.

Best regards.
[ December 13, 2007: Message edited by: Eric Lemaitre ]
 
Eric Lemaitre
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Hi Jignesh,

I would say go to US not for money or comport but from career perspective. You need international exposure. I was thinking the way you were thinking but at later stage I realized about the difference of international exposure.

An excellent point, I would say this is by far the most sensible reason right now to come to USA for working.

Best regards.
 
Eric Lemaitre
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Hi Arjun,

Majority of people algo to US for better life style.Otherwise you would have seen people leaving US and returning to their home countries the moment $ goes down.If you take the example of Indian cities where IT jobs are supposed to be abundant,settling comfortably,that means 30 minutes distance from working place,afforadable apartmment and other amenities nearby, its a tough challenge!!.Thats why you see even if $ goes down, number of people applying for H1/L1 and green card do not get reduced.

I completely agree, but I consider only the long term permanent residency option, and now that the huge majority of present H1/L1 are Indians or Chinese or Russians, their chances of ever getting permanent residency are tiny, some 20% only after many years, often more than 10 years, because of 7% diversity US laws. So, except the international experience aspect, I don't consider it as a valuable option as it remains temporary for most people, 6 years max and you must get back home in most cases.

Best regards.
[ December 13, 2007: Message edited by: Eric Lemaitre ]
 
Hendy Setyo Mulyo
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Hi Eric,

I believe it is now as hard to find a sponsored job in USA as it is to find one in Europe, except through a bodyshoper of course...

But the new European Blue Card (equivalent to US Green Card) could change all : European Blue Card.


Interesting! With that European Blue Card, I think an immigrant not necessary to get a job from company that can sponsored him permanent visa.
I found this link http://news.bbc.co.uk/1/hi/world/europe/7057575.stm.
[ December 16, 2007: Message edited by: Hendy Setyo Mulyo ]
 
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