Wheather to move or not!!!! BIG QUESTION :(

[looking4ans]

Hello people,

I am in a thought process for past few days on deciding wheather to apply for Canada or not. So, whats stopping or restricting me to go for it is the financial part to this.

I am working in an mnc in Gurgaon and putting up with my parents in Delhi. I get arnd 65k in hand here, and have lots of EMIs running on me which takes almost 60% of my salary. Obviously on shifting there, it would be a struggle for a month or two, but then what worries me is will i be able to earn and save atleast 40-50k inr a month there in order to pay my dues and to help my parents back in India a little.

I know this would depend a lot on my living style but on an average how much an individual with consulting profile could earn there and with not much of outings how much on an average is the spending including the accomodation food and transport (public one).

Any help in deciding this, will be a great help for me. Thanks in advance!

 

[Bs65]

For those of us not familiar with an MNC ( assume multi national corp) or an EMI what actual job do you have so that people familiar with the Canadian job market can at least give an idea of salary ranges something you could check as well through a Google search.

 

[Bryanna]

For those of us not familiar with an MNC ( assume multi national corp) or an EMI what actual job do you have so that people familiar with the Canadian job market can at least give an idea of salary ranges something you could check as well through a Google search.

MNC = Multinational corporation

EMI = Equated Monthly Installment (basically, repayments towards loans/mortgages)

 

[looking4ans]

For those of us not familiar with an MNC ( assume multi national corp) or an EMI what actual job do you have so that people familiar with the Canadian job market can at least give an idea of salary ranges something you could check as well through a Google search.

Yes MNC is Multi National Corp. I am working with one of the Big4 firms. And EMI is Equated Monthly Installment.

My job profile is of a secondary research profile, performing due diligence.

 

[scylla]

How much is 40-50k inr?

Generally speaking, I would plan that you may be in a low paying survival job for the first 6-8 months and won't be saving any money during this period (in fact you'll likely be dipping into your savings to pay for basics like food and housing). Any support or loan payments you have to make would have to be paid out of your existing savings during this time. Of course this is just an estimate. It's possible you might find a job right away and also possible it make take longer than 8 months. It's impossible to predict what your experience will be.

 

[foodie69]

How much is 40-50k inr?

Thats about $900.. To put aside that much a month plus all living expenses, good luck.

 

[scylla]

Thats about $900.. To put aside that much a month plus all living expenses, good luck.

Ah - yeah, I agree with you. That's quite a bit. Best to assume it won't be possible for the first few years in Canada.

 

[looking4ans]

Ah - yeah, I agree with you. That's quite a bit. Best to assume it won't be possible for the first few years in Canada.

Thats about $900.. To put aside that much a month plus all living expenses, good luck.

Thank you both for the response. How much on an average would monthly expense for a bachelor, taking a budgeted accomodation, not going out much.

 

[scylla]

Thank you both for the response. How much on an average would monthly expense for a bachelor, taking a budgeted accomodation, not going out much.

Depends where you are living in Canada.

 

[looking4ans]

Depends where you are living in Canada.

Ontario or BC

 

[scylla]

Ontario or BC

Big city (Toronto or Vancouver)? Small town?

 

[scylla]

Ontario or BC

This might be helpful:

https://www.numbeo.com/cost-of-living/in/Toronto

 

[looking4ans]

Big city (Toronto or Vancouver)? Small town?

I know most jobs would be in main city and if i chose small town then i would eventually spend on cummuting. So probably go for big city