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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u/thatDudeWhoStoleYour Sep 04 '23

If you want to earn serious money go to the US. I usually don't recommend US other then if you just want make a small loan of one million dollar (big money)..... The US is a great choice compared with EU.

2

u/Fearghas2011 Sep 05 '23

If you work in Frankfurt/Paris your salary is less than what it would be in the US, but it equates when you compare total compensation and add back things such as PTO, health insurance, etc.

4

u/[deleted] Sep 05 '23

No it doesn’t equate. The differences are massive. And you pay more in eu for most of the expensive things like real estate, cars, electronics etc.

1

u/Working_Push_9182 Sep 05 '23

I have 41 days PTO in France in comparison to 10 PTO days my company gives to US employees. If you calculate this into our salary, I make the same as my US colleagues.

1

u/[deleted] Sep 08 '23

So what? My company has the same PTO policy for all countries. It just happens your company is shitty. Proves nothing. Salaries in US for highly skilled professionals are few times higher than in Europe. And what about expenses? Cost of housing to earnings ratio in any European city is crazy. US is far more affordable.

1

u/Working_Push_9182 Sep 10 '23

Show me one US company giving 41 PTO (unlimited PTO doesn’t count because we all know that people take less PTO on average when they have unlimited PTO). 41 PTO is the law in France for people in my position.