I was under the impression that most people in Switzerland would be able to save +1k every month, and that on higher paying jobs everyone would be able to save +3k.
And with the bonus, as you mention, the savings don’t seem low to me.
It is, and you’re right. I just see the people I know (ZH) spending between 4k and 5k, and I would consider spending above that not frugal at all (which doesn’t need to be the point here).
It mages a huge difference if you live with somebody together and split the costs 50/50. I would save double the amount.
3 Likes
In your opening post you mentioned 1.2k? (higher cost in your new budget)
Anyways, voilà your quite frugal, no-particular-extras budget (sans taxes, note some mischancellous spending and the option to trade between some remaining non-essential categories). Everything else is optional to choose. What a luxury 
If you adjust his 4’400 budget for 2 people, you get down to around 3’000. Including the massive 700 per month holiday budget, this gets to 3’700, so only 200 more than your 3’500 budget (assuming you didn’t include taxes in your 3’500 figure).
1 Like
No electricity? 
Also, Internet&TV might include Serafe, which isn’t discretionary.
2 Likes
Included in the apartment cost. I considered it a shared apartment in Zürich
Serafe is a separate line in Cortana’s budget.
2 Likes
God what utter privilege and I am no fan of that word by any means.
1 Like
8 Likes
Which is where we tell them that. There’s really no point in waiting another 12 months before jumping to earn more, when he could jump now and spend those twelve months already earning more.
You can always find a way to cover up the four-months-period with creative CV writing. Or the usual “the team wasn’t a good fit so I started looking for new challenges” blabla 
Anyway.
Op should Earn more. The rest is kvetching over details.
1 Like
Also my conclusion. I should get a decent salary increase (hopefully at least +10%) in March 2025. Only thing that will increase in costs will be taxes.
Have you considered jumping ship to the competition for an immediate 30% jump?
… as a free benefit you also overcome your fear of switching companies.
Actually it looks bad for young people to stay with the same firm for very long. Seems like you lack ambition or nobody else is willing to hire you.
I disagree. Also sounds a bit arrogant/from a position of privilege, if I may say so.
If someone stays in the same position during all that time: maybe, although most employers value employees who are likely to stay with a company for longer periods. Also, not everyone is a highly skilled, extremely intelligent unicorn. A lot of people stay in their position for decades, and that is perfectly fine. And there are lots of positions that employers don’t want to fill with people that plan on being promoted within a few years.
And even if you’re a highly skilled individual: if you got promoted a few times and/or earned one or two master’s degrees: why should a 10-15 year stay at a company be disadvantageous?
5 Likes
This isn‘t IT, it‘s finance. It‘s all about network and relationships. Something you can‘t build while jobhopping.
2 Likes
But arguably you can build a bigger network when switching every ~4-5 years, no? That timeframe still allows to build solid relations and you don’t look like a uncommitted cash-hunter.
Not in finance, but in my area, building relations als saturates at some point and 10y doesnt lead to twice as good relations than 5y.
I agree, if you manage to continously climb the latter, get educatiom and get corresponding pay. No reason to switch.
But i got the impression, that everybody thinks the pay is too little and the employer postpones raises with vague promises…
My point is, dont be afraid to look for a new job if you feel its a dead end or you work for too little pay.
And most important, why not send out some applications to speak with alternative employers? No harm in that.
1 Like
As it was the case for me so far 
Normally internal promotions are much slower and less profitable than external moves. The only exception may be some countries such as the USA.
I remember when I jumped ship to a competitor firm, the company asked how much I was being paid and was unable to match the offer. They had to then offer all my colleagues an immediate small payrise to avoid an exodus.
My 7 years career so far at this company:
- 1.4 years cashier/retail banker
- 3.3 years private client advisor
- 1.8 years private client advisor & deputy teamleader
- 0.5 years privat banking relationship manager
Increased my salary by 105% since I started there.
4 Likes