Expat Salaries in Mumbai

Mackir

Can anyone tell me what the average expat salary in Mumbai is?

I am an expat with 2 children currently working in Mumbai on a US$100k pa package. The package looks good however is now being quickly eroded with the ridiculous increases in rent and other associated costs of living in Mumbai. To get an OK 3 Bdrm flat in an OK building in the expat areas near international schools in South Bombay or Bandra rents are minimum Rs100,000 ($2500) more like 200,000 per month. We know of many expats paying Rs3-500,000 per month. Add inter school fees and exhorbitant cost of foreign wine and beer it makes Mumbai just not worth it.

shashank.aggarwal

what do you mean by expat salaries ? not all expats are paid equally !! everyone gets paid according to his/her valuation by the company !!

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amarshah

I know a few getting roughly more or less similar to you. The difference being accommodation is provided to them by the employer itself. Well it all depends on your nego with the employer.

But then a lot depends on your nego with HR during your hiring process.

Frankly speaking by Indian std the salary is more than good.

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spicetrekker

Frankly it all depends on which industry you are working in - if it is IT, Financial services etc 100K USD is not a very big sum as such sums are being paid to the Indian employees as well. Additionally the dollar depn will not help you - it was 44 sometime back and now is down to 39... you should get your salary denominated in INR or Euro and not dollar

crvlvr

As others have pointed out, expats salries depend on the skill level that they bring. I have a friend who is making $170K inBangalore. But, he has an MBA from Top 5 university in the US and 15 years of experience.

As to prices going up, I think its the expats who are driving the prices up by agreeing to pay those ridiculous prices. You won't have to $2,500/mo in rent if you are willing to deal with a little bit of inconvenience.

pontesnm

It depends on a lot of things. The level of salary depends on the industry and the skill set. For comparisons.

5 Indian students from IIM Lucknow who will graduate in 2008 have been offered starting salaries of 1 crore ($250K) per year to work in investment firms. For large multinationals, the going rate for CEO in India (Indian executive) is now close to $500K.

On the other hand there are expats who are working for an NGO who get paid much less than $20K.

TrinTrin

I think what really matters in the end is how much you take home not what you make.

I have a relatively low salary considering my position, but I take home 95% of it as I don't pay for housing, transportation, and living expenses in general. If I had to pay for such things I would have to be paid at least twice or three times as much. I think a productive way to look at this is to say:

Living a manageable semi-western lifestyle - how much money will I save? Am I gaining any new experience from this job - or am I preparing myself to be obsolete once I've trained 100 Indians to do it.

The two driving factors that have kept me here in India, over a year now, despite that I really don't like it here are that I save a high percentage of my income and that I am gaining valuable experience. This is not the same for many expats.

Many expats I know here who aren't in the most senior positions get quite down on India because they quickly realize that just to keep themselves happy they spend more than they earn here. This is compounded when they realize that they are not learning or taking any step forward by coming here but merely training themselves to manage work that is already obsolete back home.