>Semi relatedly, big tech has US tier comp in Zurich and I’ve never really been sure why. Is the market rate there driven up that much by the banks? It's proba

>Semi relatedly, big tech has US tier comp in Zurich and I’ve never really been sure why. Is the market rate there driven up that much by the banks? It's probably driven up simply by the cost of living. Switzerland is a very expensive place to live compared to most of Europe. Just look at how much hotels cost there for a vacation, and then compare to some nearby cities in Italy or Germany or Austria.