2012 first salary as a developer in traditional company in Switzerland (coming from abroad with lots of experience already)
2014 first remote job (Silicon Valley startup)
2018 second remote job (Swiss startup company)
2020 third remote job (late-stage Silicon Valley startup)
Wow that Silicon startup must really like you for this salary. I wouldn’t think an American company would pay that much for someone working remotely. Are you doing web dev? Isn’t it a chore with the time difference? Anyways congrats that is inspiring.
I’m still at 110k CHF (37 years old) working in embedded software development for a big Swiss company. Too low for my liking but when discussing with my colleagues it looks I’m above people that have been there several years so I guess it’s just a company that pays badly. Only been here for 1 year but I enjoy the work and have a second baby on the way so going to stay here for now.
All figures in CHF at current conversion rates.
All figures based on Feb salary each year (when annual raises are factored in)
CH figures include health insurance (given as a taxable benefit)
CH figures do not include bonus - 5% of annual salary
IN - 1999 - 1,813 - Start of employment at 21 years
IN - 2000 - 2,505
IN - 2001 - 2,820
IN - 2002 - 3,200
I am 28. I would expect 160k by 30. I have no idea of salary progression, but it seems doable when I see yours. I’ve been told at my company that every year your annual salary increase depends on your work, but “OK” = +5-6% (but no bonus).
I could see myself decreasing my percentage to 75 or 80% (>=75% you are still considered a full employee). Are any of you doing that to enjoy life more now instead of waiting for FIRE?
I reduced to 80% after a difficult time in my life (private and work related) approx 6 years ago.
Could enjoy for myself for some time (highly recommended) and a little later became dad and since then enjoy it as my day alone with my child.
It feels like lots of extra quality time to the weekend. If one day of weekend is used for chores, say, then quality before was 1 day, and now is 2 days (i.e. +100%).
What if you set your goals higher? I’m sure you can reach 150k earlier than at age 40. You could also find out in 1 or 2 years that there’s other opportunities outside of the banking sector. Just food for thought.
2015: 100k real estate analyst (first job, masters degree in business administration from FH)
2016: 100k
2017: 110k real estate asset manager (promotion)
2018: 135k promotion to senior
2019: 110k change of company, move from zurich to berne
2020: 145k portfolio manager (change of company)
2021: 145k
2022: 150k but now with an 80% quota = 120k
All figures total comp, incl bonus and employee participation programs
Thanks for sharing your story!! Recently, I start thinking a bit more about it and I also thought about the greed and fear. I am happy to hear that, in the end, you will probably not be impacted and the fear might be only in our mind (I don’t want to make a generality).
I also think that with high salaries you have the luxury to easily decrease to 80%, so it’s a low risk to try it out .
I really liked the idea of someone posting (here or in another topic, sorry can’t remember) about when being at the promotion/raise time - to not ask for a nominal raise, but for keeping the same (or only slightly lower) salary for the 80% instead of 100% of work.
(Translated into pay/hr that’s quite a large relative salary increase though but I like the concept a lot, even with meeting in the middle)
Might be that the fact of asking for 80% could be a negative point towards the promotion? Might be safer to first get promoted and THEN ask for the reduction.
Haha thanks ! I don’t think that has anything to do with it, it’s within the range they pay for a Senior Backend Engineer (doing Go/Ruby on Rails development). The time difference is not a problem at all, most of the time I’m working independently, and in any case we all work asynchronously.
same here with reduction to 80%.
That ~20-30k extra isn’t worth it to be away from your child, especially in the early years.
I don’t even want to work 5 days a week again, but I could see my allocation go up to 90% eventually (working 4x9 hours instead => basically same hours as now, but with an 11% salary bump).
Engineering Master Degree work in a business role (numbers are years post graduation)
1: 90k (1st job)
2: 100k (promotion)
3: 115k (switched company + role change)
4: 135k (promotion)
5: 150k (promotion)
stress level can be huge from time to time but work can be extremely rewarding from time to time. workhours on avg. 45-50 with sometimes huges swings to the moon ;).
quoting equivalents for 100% employment, including overtime payout
2012: 13k <= Transition from Master ETH Mech.Eng. to PhD ETH Mech Eng
2013: 55k <= there are no work-hours in a Ph.D.
2014: 64k
2015: 72k
2016: 72k
2017: 72k
2018: 75k <= transition to first job after Academia: Management Consulting in a ZH KMU 42.5h/week
2019: 92k (90+2)
2020: 120k (110 + 10) <= new job: IT Consulting in international Enterprise 40h/week
2021: 136k (115 + 20) <= promotion
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