Share your salary progression

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126

This. Very important when negotiating a new job.

I have switched jobs a few months back and with a higher salary they contribute much less to the 2nd pillar. I tried to explain this to HR as part of the negotiation in order to get more salary bad they didn’t even seem to understand what I was saying. The percentage is lower and the “coordination deduction” is higher.

However, surprisingly enough, the projected amounts are higher at the new employer if I compare the figures for the scenario with 0 interest rate and 0 salary increase so I am very puzzled. Well, there’s the fact that they take more out of my pay than the previous employer, so I’m making up for the difference out of my pocket.

I am pissed so this is going to be one of my arguments at the next performance review provided they’re satisfied with my awesome work.

4 Likes
127

Yeah, I‘m in a similar place. More overall compensation, but a lot more hours (about 10%), so my hourly rate is slightly higher (4%), but this will be eaten by higher taxes (thanks to progressive taxes)

1 Like
128

All net (take home pay after taxes, social insurances, retirement etc.), since those I remember and are ~comparable

  • 1997: 8k CFH (Started work in September)
  • 1998: 24k CHF
  • 1999: 26k CHF
  • 2000: 28k CHF
  • 2001: 30k CHF
  • 2002: 8k CHF + 18k USD
  • 2003: 38k USD
  • 2004: 45k USD
  • 2005: 45k USD
  • 2006: 28k USD + 18k CHF
  • 2007: 72k CHF
  • 2008: 74k CHF
  • 2009: 77k CHF
    …
  • 2020: 107k CHF

2009-2020 progressively, but slowly increasing.

3 Likes
129

To complete the picture it would be extremely interesting to see the average saving quote p.a. in addition I think. 60% in my case last year.

130

i think it would make sense to define how you calculate your savings rate (e.g. pre tax, incl pillar 2 etc) to ensure comparability.

131

That’s exactly what’s going on in this thread: https://forum.mustachianpost.com/t/savings-rate-calculation/

A lot of discussion about what a saving rate is!

2 Likes
132

Are those all net salaries, or a mix?

133

Happy to mess up charts.

2015: 451k
2016: 561k
2017: 642k
2018: 731k
2019: 660k
2020: 468k
2021: 60k

Looking forward to my taxes going down. :wink:

16 Likes
134

Is this your salary or your net worth? :slight_smile:
actually wrong emoticon :slightly_frowning_face:

6 Likes
135

Those are numbers that people wrote on this thread. So it can potentially be a mix yes.

:joy: :joy: :joy:

1 Like
136

I see a negative trend in your income since 2018. You should be constantly increasing it if you ever wish to FIRE. :wink:

5 Likes
137

So from my side, I moved to Switzerland right after my Masters and I joined a big bank in a graduate Programme. I’m still with the same bank but considering a change this year.
Anyway to the point, gross base salary:

2016: 85k
2017: 92k
2018: 98k
2018 1/2: 105k
2019: 115k
2021: 125k

Bonuses varied over the years between 6-15.

2 Likes
138

I started my first “real” job at 23/24 in 2015 right after I got my bachelor’s degree in economics.

I started at a private bank and switched to an insurance company at the end of 2018. I also became a CFA chartholder a few weeks ago.
All salaries listed are gross incl. bonus but excl. other benefits.

2015: 90k (5k bonus)
2016: 97k (8k bonus)
2017: 99k (10k bonus)
2018: 129k (40k severance payment)
2019: 110k (5k bonus)
2020: 112k (7k bonus)
2021: 106.5k bonus only paid next year

I recently got the opportunity to lead a small team for a few months due to a maternity leave of my boss and hope to permanently lead a team in the near future.

6 Likes
139

My salary progression:

2015: 20k
2016: 39k (part-time 80%)
2017: 47k (part-time 80%)
2018: 47k (part-time 80%)
2019: 60k (part-time 80%)
2020: 50k (part-time 70%) Graduation
2021: 115k
2022: 170k

10 Likes
140

Impressive, what was the cause of the jump from 2020 to 2021? In which field are you working?

3 Likes
141

Tech/business analysis.
In 2020, I got my degree and switch to a new employer.
My part-time job could underpay me because I had no degree and needed a part-time job. In my field, a lot of jobs are full time, so my choices were a bit limited
At the end of 2021, I switched to a contracting position.

2 Likes
142

Thanks for the explanation. Actually I was interested in the jump from 2021 to 2022 :sweat_smile: sorry, I mixed it up.

143

At the end of 2021, I got a long-term contracting position. So 2022 is an extrapolation :slight_smile:
But my daily tasks are quite the same as before, just for another company :upside_down_face:

3 Likes
144
  • Comp. Science background
  • data/tech/eng roles
  • 2014-2021 pharma, 2021- financial industry
Year Base salary Event
2014 75k Postgrad
2016 95k Permanent
2019 107k Promotion
2021 135k Company (and industry) change

(In between some small inflation-covering increases ~1k/year)

Bonus (since 2016) in the range of roughly 15-18k.

5 Likes
146

Here’s my updated salary progression:

Year Gross income Event
2012 88k Moved to Switzerland, joined local industrial company
2013 99k
2014 125k Moonlighting, switched to the new company by year end (early-stage SV startup), all future jobs are remote
2015 117k
2016 123k Promotion
2017 151k Includes severance package from downsizing
2018 127k Switched to a blockchain company
2019 121k
2020 158k + options Switched to a late-stage SV company
2021 165k + options
5 Likes