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>Is he saying that $50k/year far outstrips what he can reasonably expect to earn as a fintech dev? If so, he's at least as much of an outlier as the $500k/year
by aphextron 6y ago
>Is he saying that $50k/year far outstrips what he can reasonably expect to earn as a fintech dev? If so, he's at least as much of an outlier as the $500k/year folks on the other end.
From what I can tell, this is pretty common for continental Europe. It's the one thing keeping me from leaving the US at this point. For whatever reason, their pay is total crap. Particularly when you include taxes. My take home pay as an uneducated mediocre javascript monkey in the US is probably 3x the average highly skilled senior engineer with a CS degree in the EU.
- josepmdc 6y agoYes, I'm from Spain and here a senior dev gets paid around 50-60k. That would be the salary for a junior dev or even an intern in the US. As I junior dev I get paid 26k and it is considered quite high.
- myrandomcomment 6y agoJust wondering how does that work out to cover your cost of living? For example how much is rent, food, etc.? I live in the Bay Area and my home owners insurance (fires, earthquakes), property taxes, etc. are that much. Very much looking to leave this area in 2022.
- dj_mc_merlin 6y agoDepending on where you live rents can be higher or lower. In richer cities apartments might start at ~1200EUR, in other slightly more remote areas (everything is quite close together regardless..) 700EUR might be a more normal price. These are prices in the northwest of Europe, in Spain they are likely lower. In eastern Europe, much lower. Most people in Europe with "normal", even though highly skilled jobs do not make large wads of money. Freelancing and consulting is where it's at (or Switzerland).
- saagarjha 6y agoIntern salaries typically beat that in the SF at the larger companies, which is pretty wild by itself but is obviously just in line with the rest of the pay scale.
- cwkoss 6y agoAre those figures pre or post tax?
- josepmdc 6y agoThey are before tax
- blocked_again 6y ago> For whatever reason, their pay is total crap The reason is pretty simple. Companies in SF create massive amount of value to the world and the developers capture some portion of the reward. Companies in Europe don't generate anywhere near the same value to the world as compared to SF. So the pay is low.