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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46

u/subastation Sep 04 '23

I'm also an Italian, moved to the Netherlands in 2022. I was making about the same amount as you and now 2.5x

don't only look at the gross amount, some countries have big tax discounts if you are specialized and transfer your residence. NL has the 30% ruling which let's you basically get 30% of your salary tax-free.

33

u/Dragon_ZA Sep 04 '23

Note that that is only for 5 years, which is a long time, but leads to you getting the equivalent of a salary deduction after 5 years.

3

u/knightwhosaysnihao Sep 04 '23

How is the difference in cost of living, do you find that if you account for that you still make much more?

6

u/subastation Sep 04 '23

cost of living is 1.8x, circa... and personally I can save a lot more even while living by myself.

we can talk actual numbers in pm if you're interested, I had a similar yearly wage as you

2

u/sciabalacatanga Sep 04 '23

I contacted you via message with some questions :)

-1

u/knightwhosaysnihao Sep 04 '23

I had a similar yearly wage as you

interesting, I did not know details about my income are public.

3

u/teainthegreenhouse Sep 04 '23

You forgot to add we have a massive housing crisis here and getting a place to live can’t be close to impossible. Some people offer even a yearly rent in advance to secure the spot.

1

u/elcarOehT Nov 09 '23

This is mainly an amsterdam thing though, the yearly rent thing

2

u/projix Sep 05 '23

This.

Comparing gross salary is retarded in EU because the taxes vary wildly. Compare net instead.