Unconventional opinion here but I’m moving from London to NYC. The jobs I’m looking at pay a much higher salary in the US of course but I think I will have less money at the end of the month. Rent is mental, taxi, restaurants, groceries are more expensive.. ofc if someone paid US salary for EU cost of living then you’d be better off but who would do that? To answer your question at last, Switzerland and London are prob your best bets?
I’m trying to compare like for like. I’ve lived for 13 years in zone 1 west London relatively comfortably. The equivalent in NYC is going to be way less “comfortable”.
In the same boat... Working as a contractor is sadly the only way for us. You will still have to pay the Swedish taxes (income and employer) so don't look at the American wages and base any calculations on that, about half might be realistic. Remote work to one of the American companies european locations is probably a better way to go. That also means no h1b visa is needed and all of that mess.
Switzerland is good for SWE. HCOL but if you don’t have kids, you have a lot of cash left at the end of the month. Start learning some German though to be competitive with the others. There’s a big SWE shortage here
There are some (rare) companies that pay everyone the same regardless of location. They pay the equivalent in your native currency to the USD value they pay in the US. You can try searching for them, I don't recall a few that I applied to a few years ago that did this. Mostly consultancies in my case.
Big companies will not pay you USD while you live in EU. It's hard to get around it when immigration is involved, unless you have work status in the US and don't need a visa. Then the employer might not know right away you're not actually in the US.
Dude if you can get hired in Switzerland work in Switzerland. Non HNW Americans are constantly trying to escape there & Nordic countries.
The biggest draw to come to the US is that it’s easier here than elsewhere to become obscenely rich — but that doesn’t make it *easy* as a baseline.
What people miss about that is that few people here get truly rich through salary and comp packages (looking at Jamie Dimon & Mitt Romney) — most dudes who make it are investors, whether real estate, private equity/LBO — Elon Musk, at the end of the day, has just built a career around being a one-man PE shop 🤷
Investing is almost the only way to make money in Sweden as well. Its structured in a way so you simply cannot work to become rich. The other way is owning a company, even a small personal business where you are a freelance consultant vould ve enough.
The difference is the total amount of tax on income for workers makes it almost impossible to start investing. Not talking about income tax alone, but the compounded tax rate on earned money (employer tax, VAT, incime tax, social security). At my pay range the marginal tax is about 57%. This makes the reward noticable in the wallet vs extra workload and responsibility a very crappy deal. As a bonus there are laws prohibiting you from working alot of overtime, so you have a cap on earning more that way as well.
A small amount of extra income would go a long way for many, to allow them to start saving/investing. The difference for a high income individual (exluding the top % that consists of maily CEOs and inherited money) and low/avarage income individual is a few years newer car model and a extra room in the house.
This is why many is looking over the fence for greener pastures. For many it is enough to go to Norway to build the starter capital for investment, but with remote work finally catching on, the jobmarket will change.
You can find jobs at international organizations in - for instance - Geneva. You'll be exempt from tax because of your diplomatic status. You can get a good Swiss salary, a very generous pension and additional allowances for your family, school claims etc (+ a lot of PTO). Many people that work in Geneva (or Basel) live in France and reduce their monthly costs significantly. Not the most exciting work but can be a good deal. Most people are more motivated to work there because of the conditions than the work.
You can work as an independent contractor for US companies and get paid in USD
AngelList is a good start. You can filter with remote. I work for a US company and they pay me in USD based on US comps
Unconventional opinion here but I’m moving from London to NYC. The jobs I’m looking at pay a much higher salary in the US of course but I think I will have less money at the end of the month. Rent is mental, taxi, restaurants, groceries are more expensive.. ofc if someone paid US salary for EU cost of living then you’d be better off but who would do that?
To answer your question at last, Switzerland and London are prob your best bets?
I’m trying to compare like for like. I’ve lived for 13 years in zone 1 west London relatively comfortably. The equivalent in NYC is going to be way less “comfortable”.
In the same boat... Working as a contractor is sadly the only way for us. You will still have to pay the Swedish taxes (income and employer) so don't look at the American wages and base any calculations on that, about half might be realistic. Remote work to one of the American companies european locations is probably a better way to go. That also means no h1b visa is needed and all of that mess.
Switzerland is good for SWE. HCOL but if you don’t have kids, you have a lot of cash left at the end of the month. Start learning some German though to be competitive with the others. There’s a big SWE shortage here
It’s not that bad. You can calculate here: https://ch.talent.com/en/tax-calculator?salary=50000&from=year®ion=Z%C3%BCrich
I’m a usa citizen and I want to work in Europe. I guess we always want what we can’t have.
There are some (rare) companies that pay everyone the same regardless of location. They pay the equivalent in your native currency to the USD value they pay in the US. You can try searching for them, I don't recall a few that I applied to a few years ago that did this. Mostly consultancies in my case.
Would really appreciate if you could search back those names, sir
Big companies will not pay you USD while you live in EU. It's hard to get around it when immigration is involved, unless you have work status in the US and don't need a visa. Then the employer might not know right away you're not actually in the US.
Use a VPN they’ll only be able to tell by the sunlight
In EU, SWE salaries tend to max out around 100 000 eur /year no matter how many years of exp you got. Only Switzerland is exception.
If you don't want to relocate, you could try freelancing. Some of my colleagues have done that and they pull off 200 000 eur /year.
Dude if you can get hired in Switzerland work in Switzerland. Non HNW Americans are constantly trying to escape there & Nordic countries.
The biggest draw to come to the US is that it’s easier here than elsewhere to become obscenely rich — but that doesn’t make it *easy* as a baseline.
What people miss about that is that few people here get truly rich through salary and comp packages (looking at Jamie Dimon & Mitt Romney) — most dudes who make it are investors, whether real estate, private equity/LBO — Elon Musk, at the end of the day, has just built a career around being a one-man PE shop 🤷
Investing is almost the only way to make money in Sweden as well. Its structured in a way so you simply cannot work to become rich. The other way is owning a company, even a small personal business where you are a freelance consultant vould ve enough.
The difference is the total amount of tax on income for workers makes it almost impossible to start investing. Not talking about income tax alone, but the compounded tax rate on earned money (employer tax, VAT, incime tax, social security). At my pay range the marginal tax is about 57%. This makes the reward noticable in the wallet vs extra workload and responsibility a very crappy deal. As a bonus there are laws prohibiting you from working alot of overtime, so you have a cap on earning more that way as well.
A small amount of extra income would go a long way for many, to allow them to start saving/investing.
The difference for a high income individual (exluding the top % that consists of maily CEOs and inherited money) and low/avarage income individual is a few years newer car model and a extra room in the house.
This is why many is looking over the fence for greener pastures. For many it is enough to go to Norway to build the starter capital for investment, but with remote work finally catching on, the jobmarket will change.
You can find jobs at international organizations in - for instance - Geneva. You'll be exempt from tax because of your diplomatic status. You can get a good Swiss salary, a very generous pension and additional allowances for your family, school claims etc (+ a lot of PTO). Many people that work in Geneva (or Basel) live in France and reduce their monthly costs significantly.
Not the most exciting work but can be a good deal. Most people are more motivated to work there because of the conditions than the work.