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Exactly. France isn't an exception in Europe regarding high taxes and social contributions (even though the distribution employee/employer is making the salarie
by hocuspocus 10y ago
Exactly. France isn't an exception in Europe regarding high taxes and social contributions (even though the distribution employee/employer is making the salaries look a bit low compared to say, Germany).
And I'm sure some companies can drive salaries up, they just don't need to. Software engineering is looked down upon, most new grads want to become project manager, somehow working at a big bank / big consulting firm is seen as nobler. Even the recent trend in data science doesn't seem to leverage the education system that is particularly maths/physics heavy.
- user5994461 10y agoThe big London banks may pay double or triple compared to Paris. It's just stupid to stay in Paris if you're good and you want to work in banking/finance. London has the top investment banks, the top edge funds, the top HFT firms, the top whatever finance thing there is in the world. There's nothing of that in Paris. The average British bank data science is powered by ENS & ENSIMAG & co (among other top worldwide schools).
- hocuspocus 10y agoI don't know finance much but I've heard the same about NYC indeed. People telling me half the quants at their previous jobs were French :)
- user5994461 10y agoThat'd make a lot of sense. French are very strong at maths. Basically, the "ivy league" French curriculum is: The first 2 years of college ain't college. It's an intensive non stop maths training program, at the end of which there is a national test (incredibly selective on maths). The students get to choose what college they go to, in order of ranking, highest score served first. Then they'll do some more maths in college, because, well, that's the only thing they can do xD