Let’s assume you have the following offers. To make things simpler, let’s say it’s different branches of the same company. The following compensations are all pre-tax:
150k GBP (~183k USD) in London
150k Euros (~160k USD) in Amsterdam
280k USD in San Francisco
240k Swiss Franc (~250k USD) in Zurich
3.5 million NTD (~115k USD) in Taipei
Which location would you choose and why?
Sidenote: I came up with these numbers after looking at the top software salaries in these regions for intermediate level engineers. I’m not in this situation personally, but just generally curious about what factors would influence people’s decisions. Some of you may have lived in many of these places before, so would be great to know your thoughts!
Sidenote 2: These numbers should already be somewhat equivalent after adjusting for COL, as that’s the operating principle on which big tech companies that give out these offers work.
I’m a bit confused about your choices given your priorities - after taxes, you would save much lesser in Amsterdam than some of the other options. What were your reasons to opt for Amsterdam and Zurich in particular?
What makes London “fun and stuff” for you? Isn’t the weather pretty bad (much like Taipei)? Also, feel like financially would lead to least savings out of the options in that list…
(I’m just playing devil’s advocate to try to get a deeper understanding of your motivations. Hope that’s alright!)
Weather doesn’t bother me as much as it does some people. I have a few close friends in London so I wouldn’t be completely alone and with 150k (roughly 85-90k after tax, I reckon) I’d be able to afford a decent apartment in the city.
Probably, but if you are making 150k in London there would be considerable room for growth.
I put the USD equivalents already, just haven’t added taxes yet as it’s some work…
Fwiw, these are supposed to be roughly equivalent and adjusted to COL already, because that’s the principle on which big tech companies that give out those offers are supposed to work
150K is an amazing London salary. The only people who wouldn’t be able to save plenty on it are people with way too expensive lifestyles. That said, because London is my home city, if I made that kind of money, I would stay there and stop complaining about it.
But I have been offered £100K for a job in London and would pick Taipei with the salary you mentioned above over it.
I agree with everything you said. I think all the salaries I mentioned above are great for those locations. And they should be somewhat similar after adjusting for COL. So the question is more like “assuming you’re getting these great salaries, where would you live and why”?
I’d pick 1) London 2) Amsterdam 3) Zurich because I am already familiar with Taipei and San Francisco, and would like to explore different parts of the world. The order is just a personal preference. London is first because I don’t need to learn a new language.
Amsterdam. Live in Utrecht and commute by rail to the 'Dam. Utrecht has everything that Amsterdam has on a smaller scale and is way more quiet. Plus, I think, it’s relatively cheaper.
San Francisco is a problem because even at a high salary you still can’t afford good housing. Also medical insurance is expensive, and medical treatment is expensive in the US. At least at most EU cities you would have some form of a universal healthcare.