IIT-Delhi Alumnus Quits London Job At 33 for Early Retirement In India
In a surprising outcome, a 33-year-old graduate of the renowned Indian Institute of Technology (IIT) Delhi has decided to resign from his position in London, choosing instead to retire early in India.?
Equipped with a degree in Electrical Engineering/Computer Science from IIT-Delhi in 2012, this individual commenced a promising career abroad.?
Nevertheless, the appeal of a serene life in India motivated him to make a courageous choice to distance himself from the corporate hustle.?
This article delves into the motives and journey of the IIT-Delhi alum, examining the factors that influenced his unconventional decision to pursue early retirement in his native land.?
Who Is This IIT-Delhi Man Who Left His London Job At 33?
A Reddit post detailing the unconventional decision of a 33-year-old graduate from the Indian Institute of Technology (IIT) to retire early from a well-paying job in London and return to Delhi has gained widespread attention on social media.?
The individual, who chose to remain anonymous but asserted his IIT alum status, shared the story online.?
What Made Him Left His London Job?
The Reddit post outlined six primary factors behind the 33-year-old Indian Institute of Technology (IIT) graduate's early retirement, which gained further attention when shared by Debarghya Das on X (formerly Twitter).?
Describing the individual as a 33-year-old single IITian who had accumulated savings ranging from -$1.5-2.5 million or ?12-20 crore, the user listed the six major reasons for the decision.?
FIREd by 33. My straightforward story to an early retirement
byu/Burner_123_123_123 inFIRE_Ind
These included a desire to be closer to parents, the convenience of having domestic assistance, the comparatively lower cost of living in India as opposed to the United Kingdom, a diminishing social life abroad, a pessimistic outlook on the UK economy, and the potential for an arranged marriage in India.?
As per the details provided in the Reddit post, the 33-year-old's journey commenced with earning a degree in Electrical Engineering/Computer Science from IIT Delhi in 2012.?
Following this, he worked as a quantitative analyst for an investment bank in Bengaluru for four years. Subsequently, he transitioned to London, where he remained in the banking sector for an additional five years and later spent approximately two years in the tech industry.?
Throughout his 11-year career, the post highlighted a substantial growth in his total compensation (TC), beginning at ? 35 lakhs in 2013 and ultimately reaching 350,000 GBP by 2023.?
Additionally, upon choosing to return to India, the individual disclosed that he meticulously calculated his yearly expenditures.?
"I decided to reside with my parents for a period since I hadn't lived with them for the past 15 years, and I wasn't sure when I would have a similar opportunity again.?
As a result, my current spending rate is lower than X (0.25-0.5X)," he clarified.?
The man detailed that his regular outlays encompassed transportation, dining expenses, and a gym membership, along with intermittent costs associated with travel and personal projects.?
The individual also underscored the significance of placing health and relationships above wealth in his present way of life.?
He expressed that, moving forward, he has established enduring objectives for his life in India, including finding a life partner, initiating a family, and ambitiously aspiring to adopt 1000 children.?
"I am embracing new ideas and experiences, allowing authentic interest and the sense of meaning and purpose to guide my path," he articulated in the post.?
How Did The Internet React?
Meanwhile, the IITian's narrative sparked varied reactions on social media.?
One user commented, "If health is a major consideration, then the air quality in Delhi is the real issue here."?
Another user expressed a contrasting viewpoint, stating, "Very much possible.?
His thought process is highly pragmatic, and I am not surprised by the decision to prioritize health and relationships."?
The diverse opinions reflected a range of perspectives on the individual's unconventional life choices.?
What do you think about it? Do let us know in the comments.
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