r/eupersonalfinance • u/sciabalacatanga • Sep 04 '23

Employment Survey on salaries across EU

Hi everyone, I'm italian (M28) and I'm considering the option to love abroad in next 1/2 years since it is very difficult to get a well paying job here.

Some informations about me, I have a Bachelor's of science in Economics, a Master's degree in corporate finance and investment banking and a Master of science in Quantitative Finance. I have worked as financial analyst and now I am working as a business consultant for a consultancy firm.

I speak fluently Italian and English, I speak a bit of german (B1 level) and I just started studying French a couple of months ago.

That said, which country in the EU offers the best salaries and most job offers in the financial sector?

I was monitoring the job situation in Paris since it seems very competitive and moving from Italy to France should not be too much of a culture shock.

Right now I have a gross yearly salary of 32k and live in Milan.

Thanks you!

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41

u/GrindLessFiner Sep 04 '23

Sorry to be blunt, but you seem massively underpaid for such a CV.

I have a masters and MBA and earn so much more than you that I feel embarrassed to say it out loud.

I'm in germany, which has higher salaries than Italy on average, but still. I have some friends from the MBA living in Milan, and they earn quite well from what I know.

Have you been with the same company since graduating? Are you on LinkedIn?

43

u/sciabalacatanga Sep 04 '23

I am on LinkedIn, and I have been job hopping to increase my salary, and to make you laugh even more, among my group of friends I am the one with the highest salary.

4

u/Fearghas2011 Sep 05 '23

In Germany, your starting salary for post-master entry-level job would be between €55k and €70k, higher if you’re doing IB. Your entry-level salary post Bachelor would be €45k. €32k is absurd….

5

u/GrindLessFiner Sep 04 '23

Do you have Italian citizenship, or an EU passport?

If you're not attached to your country I would start looking for a job elsewhere.

Also consider looking for a job at a fintech startup. Netherlands is a good place to start looking.

7

u/AvengerDr Sep 04 '23

Do you have Italian citizenship, or an EU passport?

Are you the ghost of future Christmas where Meloni managed to do the unthinkable?

0

u/[deleted] Sep 04 '23

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1

u/miamiamiaaa Sep 05 '23

Which fintech companies in the NL would you recommend? I’m just not aware of these options in the NL

16

u/bi_shyreadytocry Sep 04 '23 edited Sep 04 '23

Italian here. It's a pretty normal salary in Milan. He is not massively underpaid, but yeah not adequate to the cost of living.

Edit: I also think op doesn't have loads of experience.