Related Posts
My dad's a senior software architect getting 35 lpa for 18 years work experience in cognizant. His tech stack is AEM and he has worked on angular and Java Projects as well. Since he is getting underpaid a lot ... Hopefully someone can refer him Adobe or some product companies. Even service company with good pay also is acceptable
Hi, I need a referral for an internship
in Financial Advisory Team
Valuation, M&A, FDD, or Financial
Consulting - at Big 4 in Germany,
can anyone help me?
I did my bachelor's degree at the
University of Mannheim.
I would appreciate any kind of
support and advice.
I'm not above reaching out to alumni
directly via Linkedln, but l'd prefer to
bug as few as possible. So if you
want to help, guide, or mentor,
please pm me.
PwC Deloitte KPMG EY
Pro
More Posts
Adderall withdrawal ain't no joke
Chief
Additional Posts in UK Bowl
New to Fishbowl?
unlock all discussions on Fishbowl.
I’d like to understand this myself. It’s just bizarre.
It’s the labor market…the going rate for these kinds of skilled jobs/white collar roles in Europe, the UK included, is lower than in the US, even with a higher CoL like London. Some of it is due to healthcare costs (the $200k US salary would also have to cover $10k in insurance premiums and up to $6k in out of pocket costs, and multiply that for family members if they’re the breadwinner) but not all. It’s just a lot easier to find a high salary in the US.
Healthcare is free in the UK, whereas a doctors appointment there could cost 100$ minimum. Cost of living (groceries, fuel, rent, bills etc) is relatively cheaper in the UK, emphasis on the word relatively! Rent for a basic 1 bed in a decent area in NYC could cost anywhere between $3k-9k per month, whereas in a posh area in London rent for a 1 bed would be maximum £2k, and if you want full on luxury then £3k per month. I’m not saying London is cheap, but relative to New York and LA, it most definitely is.
A grocery shop for basics here would cost you £20, whereas in most parts of the US, it’s easily 50-60$ for the same basic staples. You can have a very comfortable life here on an £80k salary for a family of 3, maybe 4, but in most parts in the states, that’s a stretch.
None of the above justify why the salaries are lower for UK folk doing the exact same jobs as US counterparts, but I don’t fret too much because what I’m earning is affording me a really comfortable lifestyle, holidays and savings despite US counterparts earning double. Besides, what good is all that extra money when you get just 15 days annual leave? I’ll keep my 32 days allowance and enjoy them!