Nice_guy_with_MBA
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 I m offered a Job in Bank in Nepal, should i go back ?

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Posted on 08-22-11 2:49 PM     Reply [Subscribe]
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Here's my scenario:
I have completed my MBA in US and no good luck finding a REAL job here in US. Have been working some shady jobs to survive and maintaining status joining community college right now. Recently, I have been offered a Job from one of the Private Banks in Kathmandu and they're offering me  Rs. 30,000 per month...Personally, i think it's better than working here low paying jobs. I've a house in KTM , so don't have to pay any Rent..I don't really want to stay in US.

What worries me is: All my friends are here and i won't have lots of friends in Nepal.
I know it's always good to go back to Nepal but i don't know how i'll feel in Nepal. I am scared as well.
What should i do ? Should i return home ? 

I am also scared that after seeing  pictures of my friends going to Beach here in US, partying, driving nice car on Facebook will drive me crazy and unsatisfied in Nepal?


Any inputs will be appreciated. Positive or Negative.


Nice Guy with MBA.

Sorry about the ($) typo instead of Rs.
Last edited: 22-Aug-11 03:09 PM

 
Posted on 08-22-11 7:17 PM     [Snapshot: 733]     Reply [Subscribe]
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cybro ra vyrus le lastai hasayo yaar ..   ...kina re? khoi..kunni...ta..read all the posts again. specially the 2nd one from the thread owner
 
Posted on 08-22-11 7:48 PM     [Snapshot: 813]     Reply [Subscribe]
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While I guess I don't count among the "dumbass", since i said it must be rs, I felt compelled to response.
This is internet and sure your identity is secured, but that doesn't mean u go and yap ur mouths to anyone like this. First try to understand why ppl commented the way they did in first few responses. Now go to the top and see that the comment was EDITED! Means the post was something else before it was edited. It indeed said $ not Rs. While I agree that they should've known better to believe it was dollars, I am not gonna mock them for the OP's mistake.
Tyatikai kurai nabujhi bicharaharulai sarapera.....
 
Posted on 08-22-11 7:52 PM     [Snapshot: 818]     Reply [Subscribe]
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 Hahahaha...This is interesting...
Nice Guy with MBA---> I think its better to return to Nepal if you don't wanna stay here and don't have a good job..



 
Posted on 08-22-11 8:06 PM     [Snapshot: 848]     Reply [Subscribe]
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Cybro ji, He already corrected the mistake before u posted ur comment. First, try to read all his posts and then reply dude.....yedi padera kura bujhyau bhane yekchoti aaina herera aafulai maha murkha bhana....kurai nabhujhi aaru sabai lai murkha bhanne???????
 
Posted on 08-22-11 8:14 PM     [Snapshot: 869]     Reply [Subscribe]
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 ए भुस्तिघ्रे हो,कती बर्ष पुगेउ ? २८ कटेउ कि कटेनौ ? २८ कटिसकेक छौ भने खाउ गुलो अब ! नेपाल मा २८ नाघेका लाई काम छैन रे । लु तल को वकेन्की पढ । 

नाइस_गाइ_विथ_एम,ब,ए---->नेपाल जानु छ भने छिटो गैहाल मोरा , नत्र यता न उती हात मा लाग्यो पुतली होला । 



KIST Bank Ltd.
Management Trainee
It is an entry level position in the managerial position of the Bank. After successfully getting through the selection process, the candidates shall be placed on “On the Job Training” (OJT) for a period of one year with theoretical inputs as well as practical exposure on various functions of the Bank. On completion of the training period, the performance and knowledge level of MTs/OJTs shall be reviewed and the candidates will be conferred with the corporate title of Junior Officer and will be placed in various departments / branches as per the need of the Bank.
Management Trainee - KIST Bank Jan 2011
 
Posted on 08-22-11 8:39 PM     [Snapshot: 936]     Reply [Subscribe]
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I think 30K is good enough and you should return.

I am just wondering how did you manage to land this job? How did you apply for it?  Are you done with the inetrview and everything? 

 
Posted on 08-23-11 1:14 AM     [Snapshot: 1176]     Reply [Subscribe]
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If they are offering you as a bank manager or department manager then just go. specially if they offered you as a BM or AM then its a good job and they will give you a rented House which the bank gonnna pay and all the bill too, you get a one servant as a cook and guard for the security  of your house. everyday your supervisor and assistant they wiill respect you. its a really a respectful job. everybody whoever come to the bank they will say you can get the good ammount of bonus too. almost 100000 every year. you will get the annual leave. 
this is one of respected and good job for your career too. and its the same field that the degree you have so think about it.........


in my view you have to accept this offer and ......

 
Posted on 08-23-11 4:26 AM     [Snapshot: 1309]     Reply [Subscribe]
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Nice_guy _with_MBA - You should refer to the posting by Saami titled "Do Not Return to Nepal".... It will give you painful insight about Nepal.....
 
Posted on 08-23-11 8:07 AM     [Snapshot: 1405]     Reply [Subscribe]
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I wonder why everyone in Sajha just wakes up when they hear someone planning to go to Nepal permanently. I wonder why are these kinda thread always popular.
I cant understand why the hell is this a big issue or even an interesting issue.
I firmly believe that most of these threads are fake and people just wanting to make an opinion poll post it into sajha now and then.
Even if some are genuine, I believe it is just a matter of personal choice and conditions one is in.
 
Posted on 08-23-11 8:29 AM     [Snapshot: 1444]     Reply [Subscribe]
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RS 30K/month is good money in Nepal and also from what I have heard you gets lots of benefit (like low interest car loan, dashi bonus etc) from bank these days.  One of my friend went Nepal right after he finished his undergraduate from US (back in 2000) and now he is making more money there even compare to US $$ than me and many of my friends here.  Plus the best thing is you don't have to worry about maintaining immigration status. 

 
Posted on 08-23-11 8:59 AM     [Snapshot: 1494]     Reply [Subscribe]
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Thank you all for giving your input. To the people who think this is fake, Guys I am not just doing this for fun. I honestly feel that i want to go back to Nepal, take care of my Mom & Dad and be with them rest of my life. My parents are getting old and they are alone. Sometimes i feel really sad when i think about my parents: living alone, my dad still works (I've told him to resign long time ago but he says "Kaam nagarera k garera basne ghar ma".).
I know if i try to settle in US, it will take time, find a job, apply for H1B, apply for Green Card which will roughly take another  5 years. Just Green Card is also not enough. Let's say i'll make $4,000 per month after tax (~ $70,000 k per year). I will have the following costs per month.

Rent----> $12,00
Car Insurance----> $60
Phone Bill--------> $80
Health Insurace----->$100
Food/Grocery------->$300
Gas------------------>$100
Clothes------------>$100
Drinks-------------->$100
Miscellaneous---->$200

Total Damage------> $2240
Roughly Saving Per month---->1760 (Again, only if i get a job of ~ $70K, If not, saving of less than $1000).

As someone pointed out in other thread "DO NOT COME TO NEPAL". He listed some of the expenses one has to pay for medical issues or visiting a doctor. He mentioned Rs. 450. How much do we have to pay here in United States. $200 ??? If we become sick here in US, then our insurance doesn't even cover everything and we get bills of around $1,00,000 or more.  
Yes, I have some luxury life here but then i think my Parents are more important to me. They will say "Don't come to Nepal, There's nothing here". But from inner heart , they will be the happiest person in the world when you go back and stay at home.

Guys, I have made my decision. I will be returning back and hope I'll get little more salary after few months. Say around Rs 50,000 per month and i intend to start a small business and also involve in other activities. Maybe part-time teacher at Local Boarding School ? Maybe tutor 5-10 kids, that is roughly (Rs.10,000 per month). Maybe teach IELTS or TOEFL class part-time. Involve in different NGO's, INGO's.
And, i also have this desire to open small non-profit organization where I would like to help poor kids from remote areas. I want to spend time with local families in the hilly regions of nepal, help them, open a school and such.

I have many things in my Mind.
Good Bye America. I will be preparing my way back home in few weeks.

Thank you all.

Nice Guy with MBA.




 
mari_lanu_kei_chaina
Posted on 08-23-11 9:12 AM     [Snapshot: 1514]     Reply [Subscribe]
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शुभकामना छ मित्र ।  
 
Posted on 08-23-11 9:13 AM     [Snapshot: 1514]     Reply [Subscribe]
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Best of luck my boy.....

Pashupati naath le timro sadhai rakshya garney chhan !!
 
Posted on 08-23-11 9:31 AM     [Snapshot: 1536]     Reply [Subscribe]
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 nice guy with MBA, I have tons of respect for you. My parents have also decided going back to nepal, they have green card but still he is fed up working as a second class citizen here and wants to go back to nepal and do social work, teach tuition or teach in private schools. I am confident with his work expereince here, it will be no problem for him to work or find something to do and be HAPPY AND SATISFIED. thats the main thing.

First i was little reluctant on his decision but now i realize i had just been selfish. His contract for US job is up and he doesnt want to renew. He is fed up and wants to use his expertise for something for good of nepal!! He doesnt need to work a lot and under pressure lin nepal like he does here. Now they deserve a happy life back home. Only thing i am sad about it, I am here and so is my sister and unlike him, I dont have courage and take risk of going back to nepal. I have just started my career and after some expereince, i also plan to look at my options.  being his son, i am sure i will find motivation and courage someday just like my dad. Now now, but someday. He is my dad and like always is my inspiration. Good luck to you, i hope it turns out good.
 
Posted on 08-23-11 9:40 AM     [Snapshot: 1411]     Reply [Subscribe]
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since you mention 30k, i'm assuming you've been offered a junior officer position...per se it's not a bad deal...obviously a lot also depends on your spending habits, your expectations and your caliber... i left the US in 2003 and joined a private nepali bank as a junior officer in 2004...my salary at the time was 20.5k, of which about 26.5% went in taxes, got 3 month salary as bonus, one month salary (extra) as dashain expenses, one month salary (extra) as tihar expenses, and about 18 days salary (extra) during the bank's AGM... i chose to work outside kathmandu, hence i was also given 25% of gross salary (taxable) as outstation allowance or hardship allowance, whatever you prefer to call it.. further, if you get to hold the keys to the locker or vault of the bank/branch...you get an additional allowance of about 2k a month...also if you're assigned to the morning or evening counters...expect to earn an additional 2.5k/month, all in all, it wasn't much...but i managed to get by… the first motto to remember is that every penny the bank gives you is taxed in nepal

regarding private banks, they provide soft loans to employees...motorcycle loan of around 150k to 200k, payable at 5% interest with EMI spread over 60 months (principle deduction of about 2.5-3k/month)...after 5 years of service, all banks offer home loan facility, however the amount and repayment mode differs from bank to bank.. for example, some banks offer home loan facility of up to 120 months gross salary to staffs while others offer 90 months; repayment also varies from bank to bank...however all banks offer a sweet deal on this (mortgage payments are EMi'ed to about 25 years or retirement age, whichever is quicker)...some banks even ask employees to buy insurance against the mortgage (since insurance pays twice the amount, you pay off your loan with 50% and get to keep 50%)...health & life insurance is provided free of cost by the bank; for junior officers... life insurance would be about 1500k and health insurance is almost identical to the ones prevalent in the US, there're deductions, you pay a bit and the insurance covers the rest...in fact as a bank employee, your immediate family is also covered...additionally, all banks provide contingency loans (a maximum of 2 years gross salary, however again differs from bank to bank) at soft interest rates (about 4% to 5%) 

what else does a nepali bank do?? hmm..lets see...30 days of annual vacation, 15 days of sick leaves, and 12 days casual leaves a year...however be cautioned...taking a 30 days vacation leave is unheard of... at most you'll get 14 days off (if your leave extends by a week, saturdays are also counted as a working day)...whatever leaves you don't take gets accumulated and when leaving service (either through retirement or resignation)...they'll cash compensate you for it...casual leaves must be exhausted during the fiscal year...it cant be carried over...you can also avail twice during your tenure, the so called kriya leaves, in which the bank will give you 13 days off to perform the last rites of your parents but such leaves will not be deducted from your casual, sick or annual leaves count.. additionally most banks give around 15k to all employees to perform the kriya

hmm...what else?? oh yeah... all banks deduct around 10% of gross salary for provident fund (they match it by making an equal contribution)...you're also entitled to gratuity after 5 years of service...that is, the bank will pay you a month of your basic salary (when my salary was 20.5k, my basic salary was 14k) for every year worked.. so when you resign after working for 5 years, you will get 5 months of your basic salary as a parting gift...the gratuity level increases to 1.5 months for 10 years of service and becomes 2 months after 15...further, you can assign up to 33% of your gross salary to CIT (citizen investment trust)...contributions to CIT isn't taxed...however, when you withdraw the amount...they'll tax you 5%, which is sweet considering if the same contribution wasn't made...it'd automatically attract a 26.5% tax

additionally, please note that new banks such as century, commerz & trust etc also provide stock options to employees...in lieu, some older banks provide 1.5k/per children per month up to a maximum of 2 children as educational expenses

then there's something known as the "jwai" level in the banking circles...the AM (Assistant Manager) position...from the junior officer position, it's 2 promotions away (about 5 years)...what are the facilities an AM gets... hmm.. let’s see, salary around 55k to 65k (depending on  banks.. some older banks even provide around 15k as business development allowance...creme de la creme is the monthly petrol allowance of 75 liters.. again this varies from bank to bank...as you get promoted, the petrol allowance also increases correspondently…as soon as you’re promoted to the AM level, banks give you anywhere from 1400k to 1800k to buy a vehicle…a sinking fund is created & around 5k a month is deducted from your salary for 60 months…in 5 years, the car is depreciated and you’re given full ownership of the car…so in essence, its an investment for you…by dropping 300k over 5 years you get to own a car worth at least 1400k to 1800k (depending which bank hires you)… there might be a few more facilities I’ve missed but in essence, what I’ve wrote above is true for all private nepali banks

note/disclaimer: i quit my banking job in 2009 and started my own business (banking/FI related)...hence a few details might have changed...so please use your discretion...however, if you're really interested in coming back to nepal & might be worried ki financially k hola bhanera...i'll tell you one thing...if you apply yourself a bit here...you can make it big in nepal...so forget those people who say ki nepal ma yo chaina, tyo chaina...pani chaina, petrol chaina, batti chaina etc etc...dude, paisa banaune chance chai cha hai, imo US ma bhanda pani dherai...kathmandu/nepal ma paisa j ma pani cha.. shornu chai jannu parcha... good luck!!!



 
Posted on 08-23-11 9:45 AM     [Snapshot: 1609]     Reply [Subscribe]
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Nice Guy with MBA,
I would talk to the Bank and negotiate the salary. If you are not happy with the job situation here, I would go back home. Good Luck with your decision.
 
Posted on 08-23-11 9:46 AM     [Snapshot: 1578]     Reply [Subscribe]
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If I had home in Ktm and even a job with Rs 15000 per month (which is government officer's basic salary and obviously not sufficient even to pay the rent if you have to), I would go back and take the offer. You already know the world. USA is not dream to take a step anymore and you have precious degree. After sometime you may feel bad as you will be frustrated with the system but it may not take time to adapt to those conditions where you were before.

Good luck!
 
Posted on 08-23-11 9:59 AM     [Snapshot: 1647]     Reply [Subscribe]
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mp123, i think you gave a good picture of entry level job. can you please elaborate on the growth of the job. you said you started on 2003. where did it lead you in 2009 ?
 
Posted on 08-23-11 10:14 AM     [Snapshot: 1663]     Reply [Subscribe]
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 Nice Guy with MBA, I also want to apply for the jobs in Nepal. Where and how did you apply? Where was the interview? Can you please share your experience ? Thanks
 
america bata farkeko
Posted on 08-23-11 10:21 AM     [Snapshot: 1672]     Reply [Subscribe]
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nice guy with mba - sounds like you have already made up your mind so all I can say at this point is good luck. As a fellow Nepali US returnee who too had thought about teaching in school, teaching GMAT/SAT/TOEFL and working for NGOs/INGOs part-time to supplement the regular income, I want to warn you one more time. पशुपती नाथ ले तपाईंलाई सत्बुद्धी दिउन
Last edited: 23-Aug-11 10:22 AM

 



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