My Salary Progression in Tech

Post by throw121212zzz » Fri, Mar 15, 2019, 12:14 PM UTC

krn wrote: post #375

throw121212zzz wrote: post #336

Earlier quoted context omitted.

Don‘t focus on the huge money aspect. There is a lot of selection bias here, only few people make this much outside of some very particular areas/companies. Comparing Germany (where I’m also from) and the US, I’d say that Germany still gives much higher standard of living at the same salary, especially due to lower rents in the big cities. FYI my progression 120k joining top3 mgmt consulting after PhD, stayed for 4yr…

> 200k in mgmt position at e-commerce company in Berlin For the context: this is an insane amount of money in Berlin, which used to be one of the poorest capitals in Western Europe. Most software engineers make 60-70k. > after PhD, A quick question: does it matter from which university one received his PhD in Germany? I read multiple comments, that unlike in the US and in the UK, most universities in Germany are cons…

Post by salaryowmew343 » Fri, Mar 15, 2019, 12:15 PM UTC

Post by distances » Fri, Mar 15, 2019, 12:16 PM UTC

jimmy1 wrote: post #70

hk__2 wrote: post #18

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Can we really compare them, though? I live in France, where €90k/y puts you in the top 1% salaries. In the US, you’d need to earn $400k/y to be in the same position. Standard of living and other social benefits come to mind.

lol I'm sorry but no. 400k a year in US puts you in "I am a millionaire" status after like 5 years. 90k euros and big city purchasing power in France is most likely comparable to 180k in US. Remember, all these jobs we are talking about come with full benefits -- 401k with between 5-8% matching, stock options, healthcare, vision, dental, etc. And I am assuming you are talking about 90k euro after taxes not before bec…

Post by throw121212zzz » Fri, Mar 15, 2019, 12:18 PM UTC

philipp-H wrote: post #346

throw121212zzz wrote: post #336

Earlier quoted context omitted.

Don‘t focus on the huge money aspect. There is a lot of selection bias here, only few people make this much outside of some very particular areas/companies. Comparing Germany (where I’m also from) and the US, I’d say that Germany still gives much higher standard of living at the same salary, especially due to lower rents in the big cities. FYI my progression 120k joining top3 mgmt consulting after PhD, stayed for 4yr…

Did you take a pay cut moving from consulting to e- commerce company? Did it make your work life balance better? Yes I agree that wanting more money can result in frustration as in Germany such salaries are not that common outside of management positions or specific companies, but I have some plans to fulfill - buying a Porsche; travelling the world; opening an NPO in a developing country, employing literate and teac…

Post by Nursie » Fri, Mar 15, 2019, 12:27 PM UTC

dsaron wrote: post #356

dtip wrote: post #344

Earlier quoted context omitted.

Where are you getting 13% from? If you pay yourself a salary from a ltd company there's ~14% Employers NI, 12%-2% Employee NI Depending on tax band, 20-40% Income tax depending on tax band. If you pay a dividend there's 19% Corporation tax plus 7.5%-32.5% Dividend tax. So 46%-56% tax on salary and 26.5%-51.5% tax on dividends. Nowhere near 13%, unless you're talking about 'creative accounting' by running non-business…

Yeah, by all accounts reading online indicates a 45% tax rate for a sole-trader[1]. I'll have to enquire with the few mates there -- don't see a reason as to why they'd bullshit me. Frankly I have nfi however, apologies for the cop-out of an answer. 1: https://www.highspeedtraining.co.uk/hub/sole-trader-tax/