I know more than a few quants at banks in the City of London making well north of 100k. Finance is where the payscales jump well above the average.
Ask HN: Those in Europe making €100K+ annually, what is your job like?
31–40 of 68 posts
Re: Ask HN: Those in Europe making €100K+ annually, what is your job like?
#32Earlier quoted context omitted.
Don't contracts get a bit iffy beyond 2 years? i.e. HMRC sniffing around querying your expenses and IR35? Or perhaps that's just contractor forum paranoia.
They do, yes. Many public sector companies (inc HMRC) are now forcing contractors to be paid by PAYE even. Generally though, you're safe as long as you work at the same company for less than 24 months. Then you need to find a new contract or relocate (working at a different physical office or taking on multiple clients can get around IR35 (if you fall within IR35 you're considered to be a disguised employee, not an i…
It's funny really, we are supposed to have a Conservative government but you wouldn't know it what with crackdown on buy to let and contracting. Not that I'm looking to start an argument.
Re: Ask HN: Those in Europe making €100K+ annually, what is your job like?
#33Earlier quoted context omitted.
> There is no one in Europe making €100K+ annually. Are we talking Eurozone or Europe? I know programmers in Zurich making >= 130K Francs a year (which comes in at over €100K).
Oh yes of course, I totally forgot about our rich Swiss friends. Salaries close to SF are possible there I heard.
The living costs are also extremely high there (Also in a SF spirit) - For an impression of this see the big mac index.
Re: Ask HN: Those in Europe making €100K+ annually, what is your job like?
#34MD at my last company earned 99,995 (although gbp), so I doubt many people who read HN in a salaried career are earning more than 100k EUR. Generally, Europeans don't have such high salaries.
Bit of an odd number, how come he didn't just go for 100,000?
Re: Ask HN: Those in Europe making €100K+ annually, what is your job like?
#35Earlier quoted context omitted.
> There is no one in Europe making €100K+ annually. Are we talking Eurozone or Europe? I know programmers in Zurich making >= 130K Francs a year (which comes in at over €100K).
Or >= 300k CHF, but it's 1am in Zurich. Or similarly large amounts in GBP if you don't limit yourself to the continent. I know at least one American unicorn will pay far more than €100k in cash to new graduates in London.
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Re: Ask HN: Those in Europe making €100K+ annually, what is your job like?
#36In London:
- Management or technology consultants with maybe 6-7 years+ experience (particularly the more well known firms)
- Many roles in accounting and law firms, approx. similar experience as above
- B2B sales (if they're any good) particularly in finance or enterprise tech
- Almost anyone working in a hedge fund
- Front Office IB roles (quant, trading, business management, sales, et al.) after perhaps 3-5 years
- Other IB/banking roles at mid management and above levels (varies by bank)
- Most any decent technical or business contractor
- Technical architects and dev team leads for large projects
- Some recruiters / "headhunters"
Some of these roles are hard, in cut-throat industries and involve long hours. Plenty are not; get yourself in a middle/back office mid management role in an IB and if you're reasonably intelligent you can take home 100k (and the rest) whilst working from home 1-2 days a week and rarely staying in the office after 5:30. I'm not saying you'll find it satisfying, but it isn't difficult.
Re: Ask HN: Those in Europe making €100K+ annually, what is your job like?
#37In London: - Management or technology consultants with maybe 6-7 years+ experience (particularly the more well known firms) - Many roles in accounting and law firms, approx. similar experience as above - B2B sales (if they're any good) particularly in finance or enterprise tech - Almost anyone working in a hedge fund - Front Office IB roles (quant, trading, business management, sales, et al.) after perhaps 3-5 years…
Any IBs or hedge funds you'd recommend?
Re: Ask HN: Those in Europe making €100K+ annually, what is your job like?
#38Assuming software development: it's not easy to make 6 figures outside of finance / fintech, in London or Switzerland, unless you contract / consult. You could get there working for an SV firm, more likely if based in London / Switzerland and competing for the same pool of talent.
Re: Ask HN: Those in Europe making €100K+ annually, what is your job like?
#39I have worked in Vienna 2014/2015 (meteorological company) and Melbourne (big 4 bank) present. Vienna annual salary was 34k Euro. Melbourne annual salary is 67k Euro. Europe pay sucks.
Re: Ask HN: Those in Europe making €100K+ annually, what is your job like?
#40MD at my last company earned 99,995 (although gbp), so I doubt many people who read HN in a salaried career are earning more than 100k EUR. Generally, Europeans don't have such high salaries.
Bit of an odd number, how come he didn't just go for 100,000?
Likely because he could claim that he "also has a 5 figure salary"