Should I Choose Onsite Opportunity over 32 LPA Offer?

Ans: Dear Mr.Bharath

I can understand your predicament...

Here are few pointers that you may want to consider.

1. Experience that you want to gain and how you look at your career over next 5 years atleast.

2. Present financial situation and need to build corpus. Remember your next salary growth comes from existing salary.

3. Opportunities that you will get in future. Meaning of you are with advisory company what kind of opportunities you will get in case you want to leave vis-a-vis you working with reputed public trust.

You have a very rich experience basis that kindly do pros and cons of both the opportunities. I am sure you will get your answer.

All the best.

Ans: Hello Maam

I believe you both are doing excellent so thank life and all your hardwork.

Regarding options its all about what you want to do and what will make you happy, focus on that. List your priorities and listen to your heart.

There are no right or wrong options ...its all about choices that you are comfortable with.

All the best.

Ans: NO Pratik Sir. Not at all advisable to leave a PSU Job. Please continue with the same. All the BEST for Your Bright Future.

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Ans: The new offer is Rs. 6 LPA more than your current salary.
This is a 40% increase in your CTC.
Such a big jump is usually considered good.

Relocation Factors

Moving from Mumbai to Pune involves relocation costs.
Consider expenses like new house rent, moving charges.
You might need to buy new furniture or appliances.

Cost of Living Comparison

Pune is usually cheaper to live in than Mumbai.
Your salary might buy more things in Pune.
You may spend less on rent and daily expenses in Pune.

Purchasing Power

The same amount of money can buy more in Pune.
For example, house rents are often lower in Pune.
Food and transportation might also cost less in Pune.

Lifestyle Adjustment

Your Rs. 21 LPA in Pune might feel like more.
You might be able to save more money in Pune.
But check if your lifestyle needs will change in Pune.

Budget Impact

Make a list of your current expenses in Mumbai.
Research how much these would cost in Pune.
This will show you how far your money will go.

Savings Potential

With lower living costs, you might save more in Pune.
Compare your current savings with potential savings in Pune.
This can help you decide if the move is financially beneficial.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in