Yes, London. These taxes are crazy though. I thought I made it until I realized all I’ve made is hitting the 40% tax bracket. I can’t believe they go from 20% to 40%. And this not even considering 20% VAT and council tax.
They’re morons, I got a letter about taking me to court for not paying council tax but I did. I rounded up to the nearest pound and it confused them. They couldn’t figure it out in their accounting for whatever reason.
lmao when I saw that thread surfacing I thought of posting just that. Pocketed my PhD two months ago and started a job in San Francisco. Been working there for a month now, awesome team and my bank account has never been so fat.
I’m actually surprised by my salary. I was told to expect a bit lower, especially for the UK. Even for finance, mine is on the higher end of it starting out for the UK. Almost comparable to the US which is maybe 15-20% higher for finance roles usually.
But I bet even your SF taxes looks cheap compared to how the UK just jumps from 20% to 40% past 51k.
Not sure if you’re in fintech but I’ve read there’s been a jump in IT salaries in 2021 so that might be that. Tax-wise I’m at 30%, expected more so I’m satisfied by that level.
Wealth management will always be around, during good times and bad.
That’s how the biggies make the profits (comms are nice, and the wealthy don’t mind paying such high bps on trading their accounts).
Expect lots of wining and dining of clients.
If I were to get into finance industry now, I’d get into cryptocurrency and digital currency trading. That’s where future growth in the trading departments of securities houses will be.