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1000-2000 a month is hardly “jet setting” and has nothing to do with instagram. We are talking the difference between living in a shared accommodation and mayb

1000-2000 a month is hardly “jet setting” and has nothing to do with instagram. We are talking the difference between living in a shared accommodation and maybe having a small apartment, maybe having a used car, etc. Plenty of students get bankrolled by a combination of scholarships, their parents, and loans, and have for decades. There’s nothing wrong with it (or with going the frugal route either). Edit: To live in dorm 25 years ago in a standard Canadian university (for me) it cost $500/month plus another $500 a month in mandatory food card. That’s equivalent to 650 euros. That’s plus utilities, off campus food and drink, computer, recreation, and transportation, probably another 100-150 euros. My family was hardly rich (school teacher and truck driver) and helped out, I worked part time, and took out loans. Things are more expensive now.

jiofih 6y ago
As the other comment mentioned, 2k/month is a starter salary in the nordics. It is near instagram-lifestyle money in Portugal, Spain and most of the eastern EU for a young single person. A student having their own apartment (and a car??) is already a luxury 99% of the world will never experience.
- parasubvert 6y ago
  Most students I knew didn’t have their own apartment and car but a few did if they had small children, had social reasons to live alone, or were married (yes some people get pregnant in high school). They usually had a mix of parental help, loans and part time or coop program work, and scholarships. They weren’t super rich, they were from middle class Canadian families 25 years ago. I even have a friend going to school today with a rental 5 bedroom house, as single parent raising 2 kids, and having 2 exchange students help out. Between scholarships , loans, and the students from China it covers expenses (well over €2k monthly). I recognize that is richer than 99% of the world. It’s just my experience. If you’re coming out of university and making £2k a month that is a bit low. An MBA graduate makes €90k+ annually in Denmark. This is about the same in other European countries maybe +/- 10k My point isn’t that some people have it good, it’s that €1-2k a month isn’t exactly glamorous living. The “jet setting” types (I have known a few) are getting an allowance of €3-4k+ monthly.
  - ChuckNorris89 6y ago
    >My point isn’t that some people have it good, it’s that €1-2k a month isn’t exactly glamorous living. It isn't glamorous, you're right but I wasn't talking about inequality here, I was saying that very few students in Europe have 2K per month at their disposal. >If you’re coming out of university and making £2k a month that is a bit low. AFAIK, 2K Euros per month, after taxes, is your typical starting wage for a full time dev job in a decent company in countries like Germany. To get significantly more than 2K after taxes here as a new grad would put you in the top 10% of devs your age, definitely not the norm in the industry or in Europe. >An MBA graduate makes €90k+ annually in Denmark. Do you have a source for this? Because if you do then it would be best for me to give up my dev job in Germany and become an MBA in Denmark. Not /s, but quite serious.
    - parasubvert 6y ago
      Before you go MBA, median software engineer salary in Germany these days is €80k: https://www.levels.fyi/Salaries/Software-Engineer/Germany/ https://www.levels.fyi/Salaries/Software-Engineer/Germany/ SAP, not exactly known to be a top player, pays entry level jobs in Germany at around €50k: https://www.levels.fyi/comp.html?track=Software%20Engineer&search=SAP%20T1# https://www.levels.fyi/comp.html?track=Software%20Engineer&s... This grows €5k or so per year of experience with promotions. Though if you leave Germany you’ll notice that your pay will nearly double. That said, job security in Germany is best in the world, so... Some recent MBA surveys: Economist: https://www.economist.com/graphic-detail/2017/10/27/full-time-mba-courses https://www.economist.com/graphic-detail/2017/10/27/full-tim... Harvard Business School: https://www.hbs.edu/recruiting/data/Pages/location-details.aspx?year=2019&loc=Europe https://www.hbs.edu/recruiting/data/Pages/location-details.a... Cambridge business school: https://www.jbs.cam.ac.uk/programmes/mba/careers/employment-report/salaries/ https://www.jbs.cam.ac.uk/programmes/mba/careers/employment-... Germany MBAs tend to be a bit lower than average at €65k though I assume that’s due to labor protections etc. I am not an expert in German labor laws just going on information I have researched in the past. https://www.payscale.com/research/DE/Degree=Master_of_Business_Administration_(MBA)/Salary https://www.payscale.com/research/DE/Degree=Master_of_Busine...
  - 6y ago
- tallanvor 6y ago
  >2k/month is a starter salary in the nordics. Definitely not true in Norway, it's closer to twice that.
  - ChuckNorris89 6y ago
    Since the conversation started about students needing 2k Euros to live, the 2k we're talking about is net or after taxes. I know Norway has high wages and prices but I can't imagine new-grads there making 4k after taxes.
    - parasubvert 6y ago
      New grads make a lot these days. Here’s the Netherlands for example: https://www.levels.fyi/Salaries/Software-Engineer/Netherlands/ https://www.levels.fyi/Salaries/Software-Engineer/Netherland...
      - jiofih 6y ago
        That’s total compensation including stocks and bonuses, and still way beyond the median dev salary. Levels.FYI caters to a niche audience. Sort it by lowest to get a much more realistic picture.
        parasubvert 6y ago
        I did. Entry level is around €50k base in Germany. 20-40% more in other EU countries. 100% more in the US (or Canada for certain employers) If you think Levels.FYI caters to a niche, you’re playing yourself.

jiofih 6y ago

As the other comment mentioned, 2k/month is a starter salary in the nordics. It is near instagram-lifestyle money in Portugal, Spain and most of the eastern EU for a young single person. A student having their own apartment (and a car??) is already a luxury 99% of the world will never experience.

parasubvert 6y ago
Most students I knew didn’t have their own apartment and car but a few did if they had small children, had social reasons to live alone, or were married (yes some people get pregnant in high school). They usually had a mix of parental help, loans and part time or coop program work, and scholarships. They weren’t super rich, they were from middle class Canadian families 25 years ago. I even have a friend going to school today with a rental 5 bedroom house, as single parent raising 2 kids, and having 2 exchange students help out. Between scholarships , loans, and the students from China it covers expenses (well over €2k monthly). I recognize that is richer than 99% of the world. It’s just my experience. If you’re coming out of university and making £2k a month that is a bit low. An MBA graduate makes €90k+ annually in Denmark. This is about the same in other European countries maybe +/- 10k My point isn’t that some people have it good, it’s that €1-2k a month isn’t exactly glamorous living. The “jet setting” types (I have known a few) are getting an allowance of €3-4k+ monthly.
- ChuckNorris89 6y ago
  >My point isn’t that some people have it good, it’s that €1-2k a month isn’t exactly glamorous living. It isn't glamorous, you're right but I wasn't talking about inequality here, I was saying that very few students in Europe have 2K per month at their disposal. >If you’re coming out of university and making £2k a month that is a bit low. AFAIK, 2K Euros per month, after taxes, is your typical starting wage for a full time dev job in a decent company in countries like Germany. To get significantly more than 2K after taxes here as a new grad would put you in the top 10% of devs your age, definitely not the norm in the industry or in Europe. >An MBA graduate makes €90k+ annually in Denmark. Do you have a source for this? Because if you do then it would be best for me to give up my dev job in Germany and become an MBA in Denmark. Not /s, but quite serious.
  - parasubvert 6y ago
    Before you go MBA, median software engineer salary in Germany these days is €80k: https://www.levels.fyi/Salaries/Software-Engineer/Germany/ https://www.levels.fyi/Salaries/Software-Engineer/Germany/ SAP, not exactly known to be a top player, pays entry level jobs in Germany at around €50k: https://www.levels.fyi/comp.html?track=Software%20Engineer&search=SAP%20T1# https://www.levels.fyi/comp.html?track=Software%20Engineer&s... This grows €5k or so per year of experience with promotions. Though if you leave Germany you’ll notice that your pay will nearly double. That said, job security in Germany is best in the world, so... Some recent MBA surveys: Economist: https://www.economist.com/graphic-detail/2017/10/27/full-time-mba-courses https://www.economist.com/graphic-detail/2017/10/27/full-tim... Harvard Business School: https://www.hbs.edu/recruiting/data/Pages/location-details.aspx?year=2019&loc=Europe https://www.hbs.edu/recruiting/data/Pages/location-details.a... Cambridge business school: https://www.jbs.cam.ac.uk/programmes/mba/careers/employment-report/salaries/ https://www.jbs.cam.ac.uk/programmes/mba/careers/employment-... Germany MBAs tend to be a bit lower than average at €65k though I assume that’s due to labor protections etc. I am not an expert in German labor laws just going on information I have researched in the past. https://www.payscale.com/research/DE/Degree=Master_of_Business_Administration_(MBA)/Salary https://www.payscale.com/research/DE/Degree=Master_of_Busine...
- 6y ago
tallanvor 6y ago
>2k/month is a starter salary in the nordics. Definitely not true in Norway, it's closer to twice that.
- ChuckNorris89 6y ago
  Since the conversation started about students needing 2k Euros to live, the 2k we're talking about is net or after taxes. I know Norway has high wages and prices but I can't imagine new-grads there making 4k after taxes.
  - parasubvert 6y ago
    New grads make a lot these days. Here’s the Netherlands for example: https://www.levels.fyi/Salaries/Software-Engineer/Netherlands/ https://www.levels.fyi/Salaries/Software-Engineer/Netherland...
    - jiofih 6y ago
      That’s total compensation including stocks and bonuses, and still way beyond the median dev salary. Levels.FYI caters to a niche audience. Sort it by lowest to get a much more realistic picture.
      - parasubvert 6y ago
        I did. Entry level is around €50k base in Germany. 20-40% more in other EU countries. 100% more in the US (or Canada for certain employers) If you think Levels.FYI caters to a niche, you’re playing yourself.