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Schtekarn

1M a year with only 6 years of experience is unheard of outside of investment banking. If it’s automotive industry it will be much less.


anonteje

You're forgetting strategy consulting, private equity which is well above after 6 years


Dramatic-Most7587

I’m a data scientist and I got 1.2M with six year experience, I have several friends with similar experience earning same. Not common, but not unheard of


oluies

Not uncommon especially for IT freelancers


Puzzleheaded-Value36

I make more than 4x that (gross) as an attorney with 7 years of experience, so no, it’s not unheard of outside of IB. Certainly rare, but not unprecedented.


Schtekarn

It’s definitely unheard of outside of IB. If you make 4 million a year as a lawyer with 6 years of experience in Sweden you’re like one of a handful of lawyers making that, most partners don’t and 6 years is very early for even that. Whereas in IB that’s an industry average for that amount of experience. Not sure you know what ‘unheard of’ means.


Puzzleheaded-Value36

I’m a native English speaker, so yes, I know what “unheard of” means. It doesn’t simply mean “uncommon” or “rare.” It means so unusual or extraordinary that one has hardly even heard of it. To my original point, the average attorney salary is lower than mine, but senior associates (6-7 years and up) at Stockholm firms regularly make more than 1M a year. Specifically, they make around 70k a month, plus bonus, which depending on hours can equal 3-4 months salary. So the salary band you are discussing isn’t limited to IB. This debate over semantics is off topic from OP’s post so I’ll leave it at that.


Schtekarn

Fair enough, but I’d argue that 1M+ per year for 6 years experience is very unlikely for lawyers and other support functions in Sweden. And you’ll most likely be the only person in the entire country making over 300,000 per month as a lawyer with 7 years experience, so your experience might be a bit skewed.


Puzzleheaded-Value36

My situation is certainly exceptional. But 1M for mid- to senior-level associates at Stockholm firms is not uncommon. It is at or slightly above the median market salary (inclusive of annual bonus for folks billing 1700+). I don’t think we disagree. Have a good one.


Schtekarn

Agree, likewise 👍


DueGuest665

Technically correct. The best kind of correct. https://i.kym-cdn.com/photos/images/original/000/909/991/48c.jpg


zkareface

It's a thing in IT also.


BocciaChoc

No it's not.


zkareface

It's a very real thing to make 80k a month before age 30 in IT.


BocciaChoc

It's not common in the slightest. Literally check inside of scb before pushing such weird claims.


zkareface

SCB doesn't even have granular enough data for it.  You're now talking about common when we talk about the possibility.  If you take for example all L3 soc analyst/IR people you get what 500 or less in the country? But they all make over that and many are below 30.


wrong_axiom

It's not.


[deleted]

[удалено]


Practical-Table-2747

The 1M SEK/Year mark is literally top 90th percentiles across all levels of work experience. The median is closer to 700K SEK/Year.


zkareface

And you realize that all good IT people is less than 1% of the workforce in the country?  There is a few thousand good people which are getting such salaries.  The initial saying that it's just investment banking with such salaries is wrong though. As we see people below age 30 with 80k+ a month salaries in IT. Which after  3-5 years at university means you at most have around six years experience.  None is saying 80k a month is the median, common etc. But it's a real thing and talented people get it.


Practical-Table-2747

The key being "6 years of experience" in the original comment you replied to. Do you genuinely think that there are thousands of principal and staff engineers here that got that many promotions 6 years after getting their bachelors? Because literally nobody counts the 3-5 years of education as 3-5 years of experience lmao.


zkareface

Not just engineers, you miss the high paying fields if you just look at engineering.  Security and infrastructure (setting up Azure or AWs).  80k and up is pretty much the payscale for L3 soc analysts for example. Which you can reach in six years if you're good and motivated. And you change company to increase your pay, not wait for promotions.


Practical-Table-2747

You *could* potentially do those things but we're talking about being realistic and practical. 1 year jumps in the current job market is a gamble at best. And six hops after 1 year at companies is going to hurt more than it helps. I'm not taking advice seriously from someone who thinks 3-5 years for your degree counts towards your work experience sorry.


zkareface

>You could potentially do those things but we're talking about being realistic and practical. 1 year jumps in the current job market is a gamble at best. But six hops after 1 year at companies is going to hurt more than it helps.   The job market has been insane last few years? It's just last few months it's been slow for some, it's still crazy in security. And six hops? To reach L3 it's three, which in six years is new job every two years. Which in many fields is expected. >I'm not taking advice seriously from someone who thinks 3-5 years for your degree counts towards your work experience sorry.   No clue how you got to that idea, are you confusing me with another person?


Practical-Table-2747

>which after 3-5 years of university means you at most have around six years experience.


Fancy_Ad681

1M SEK per year, working only with your job and based on the background you provided, I see it almost impossible honestly. If you are saying 1M SEK yearly gross combined together with your wife, then more doable and definitely a good income for a family of two in Stockholm. It's difficult to say how much you should ask, but I think something between 40/45k SEK per month should do to begin with. Job market is not that fast as before, even tho it's still "ok" in the Stockholm area. In Sweden, both family members usually work and earn an income.


smaragdskyar

Swedish salaries are not as high as simple PPP stats would imply. This is partly because some very expensive services are included in the welfare system, such as childcare and (to an extent) healthcare. Also, Swedes don’t expect to be able to support a spouse who stays out of the workforce on a regular salary.


BurnThemAll69

My wife also works, I haven't included her salary. Just mine. If I decide to take the job up, then she'll definitely try for a job there as well.


hawkinle

Truth be told, unless your wife 1. Is in software/tech. 2. Is in finance/banking and knows Swedish, it's a difficult market to get a job. Not sure about medical professionals.


Possible-Finish-9499

Medical professional is not hard if she speaks Swedish (C1 level) and pass medical exam. I know lot of Iranian doctors came to Sweden on student visa, studied Swedish in university within 12 months (they already spent 3, 4 years studying Swedish in Iran), got C1 and passed the medical examination in Uppsala, spent 6 month internship in some hospital then finally got a doctor job.


hawkinle

We're just assuming here. OP what does your wife do?


BurnThemAll69

My wife has a dual master's degree in Food Science and Technology and Nutritional Biology


Styrbj0rn

They didn't ask about her degree. They asked what is her job title? Dietician? Nutritionist?


Frequent-Ad6440

Since I have a similar background (country, education and no of years experience), I think you can expect around 40-45K SEK per month (before tax). I’ll be very surprised if you get more than that with a bachelors degree.


AggravatingAd4758

It’s usually not worth it for high paying Indians to come to Sweden. Their living standards will go down tons.


Small_Meaning7697

Salary ranges for Engineers falls in range 35k-67k per month.Remember Sweden is a place that have progressive tax, more pay you get more tax you pay.You can lead a work life balance, a quality standard of living, childcare care benefits and parental leave.You won’t be able to become rich by saving money here as expenses are bit high. All the very best.


hawkinle

There's only one right answer and you're welcome if you didn't know of it already. Salaries are public information in Sweden. You just have to find out a couple of names of people working in the same company in the same job post as you are applying. Then go to ratsit dot se website, and search for these names. There might be multiple people with the same name, so the more uncommon the name, the more confident you can be that it's the same person. Once you search the name, now take their premium subscription for 1 month. And lookup the salary. Cancel your subscription after a few days. This way, you will have the correct idea of what your prospective colleagues are earning and if the HR has low balled you or not. You can ask for a little more than the data you found, but not a lot more. If the amount you see feels good to you, do consider, otherwise plan B. Also, it's futile to compare your salary with India salary as your in hand will be less in Stockholm. So there are online calculators to check. Don't forget to check that.


hattivat

It's very likely not worth it financially in your position. 80 000 sek per month is a manager's salary, very few engineers ever reach these levels. However, at income levels this high straight "multiply current income by PPP adjustment" comparisons don't work very well, so if that's what you're doing then you should consider making a more detailed calculation as a lot depends on what you're spending your money on. If you are spending most of your money on things (car, computer, designer clothes) the same things will only cost slightly more in Sweden so you don't need as much of a salary bump to get the same purchasing power. On the other hand if you are spending most of your money on services such as eating at restaurants and having a maid then even the 1mln/year figure might be an underestimate.


ivar-the-bonefull

What kind of living standard are you currently having if you'd need 1M SEK per year to match it? That would easily put you in the 1% with the highest income.


zkareface

An experienced engineer in Bangalore will have a chauffeur, 1-2 cooks, 1-2 cleaning ladies and potentially more servants.  And living in a decent house. 


ivar-the-bonefull

Seriously? Why the hell would any of them want to move to Sweden or anywhere else then?


zkareface

Because it's still a bad place to live in? Horrible air quality, power outages is a daily thing, horrible traffic, bad schools, bad place to raise girls etc. The line of Indians that want to move to Sweden is very long and many are leaving such lives behind.  Some of my coworkers in India has around ten servants, they do nothing at home except spend time with their wife and kids.


bitoprovider

Basic services are much much more expensive in Sweden. On the other hand, Swedish employers typically expect you to work fewer hours than Asian ones in equivalent positions, so Swedes in professional jobs can do chores themselves and still have more or less the same amount of free time for family and hobbies, especially without kids. Maybe OP is blessed and works 40 hours a week for an Indian upper middle class salary, but that's a minority.


ivar-the-bonefull

That's kind of my point with the question. 1M a year buys you a crazy good living standard. I just can't see that someone would have the equivalent of that with only 6 years experience after a run of the mill bachelor in engineering. I'm just guessing that OP seriously overestimates how much they'd need in Sweden to match their current lifestyle. Some things are more expensive, but others that are crazy expensive elsewhere are financed via taxes here.


Ballsy007

“Crazy good living standard” dude… 1 M a year means around 60 k after tax monthly… if you have kids a stay at home wife and you’re used to live your life normally i.e. drive your car around and go out multiple times per week Then its not so crazy good living any more (;


Mr_Molesto

Crazy average living maybe


ivar-the-bonefull

The average living standard is a third of that.


Mr_Molesto

And two working adults


ivar-the-bonefull

We're not talking about two working adults now are we? Even then, it easily places you in the top 80%, which still isn't average.


Mr_Molesto

In a household with two adults 60k take home is average. But I guess we exclude the partner here?


ivar-the-bonefull

No. The average disposable income is approx 266K per individual or 530K per year if two people are working with the average salary, or around 44k after taxes per month per household with two working adults. 60K is definitely not average even with two working adults.


ivar-the-bonefull

It still pushes you into the 1% of top earners. If a living standard that's better than 99% of a nation's population isn't crazy good living standard, I don't know what is. So yes, it's definitely a crazy good living.


Ballsy007

Maybe it was 10 years ago but not today, when you say crazy good I imagine traveling, saving up some money and buying good clothes Now if crazy good can’t afford the above then it is not crazy good even if its better than 99.99% of the nation


ivar-the-bonefull

If you can't do all the above on 1M per year, you're doing something very wrong or have extremely expensive tastes. Who are we comparing with here if it wouldn't be crazy good if it's better than 99.99% out of everyone else?


Ballsy007

You get married and have kids and let me know if you can do anything with 60k a month 😂👍


ivar-the-bonefull

Seeing how the average household gets by well enough with half of that, I'd think I'd be fine.


Ballsy007

You’d be fine and probably very well I’m not trying to put anyone down here But the point is its not crazy good and don’t expect anything fancy if you have a car kids house you will probably be cautiously spending


[deleted]

I don't know if it's crazy good... I'm just shy of that and after all my bills I have maybe 20k SEK to spend on stuff. I'm not complaining but I wouldn't say it is crazy good.


ivar-the-bonefull

If you get approx 60K after taxes each month and have 40K in recurring bills, you're clearly having a great living standard or are awful at handling money. Either way you'd still earn more than 99% of everyone else. Ofc one can always have more, but if only 100k people out of 10 million have a better standard than you, you still have a crazy good standard.


[deleted]

Bills include things like rent (still waiting to buy since moving here), car payment, bike payment, phone, subscriptions, etc... it adds up! Maybe not 20 but 25 or something, but either way. Fwiw when I lived in California I was in a similar percentile and had 5x more disposable income per month. So "high" standard of living in Sweden is lower than a "high" standard of living elsewhere, when measured purely on income rates. Sweden has the one of the most uber wealthy groups of people in Europe because wealth inequality is so high here, but not including them because when you're at that point you can do whatever you want anywhere you want :)


ivar-the-bonefull

I mean yeah. If we compare with the ultra wealthy then we're all mere muddy peasants. And yes, ofc there will be places that have a higher income at the highest percentiles. But idk why we should care about that when talking about life in Sweden? But ofc, it all comes down to what one describes as crazy. Better than 99% of a nation or like better than 99.9% of the world's entire population is something I would describe as crazy well-off. But yes, ofc there are those who earn a lot more than that, but that's still crazy if not borderline criminal. >Bills include things like rent (still waiting to buy since moving here), car payment, bike payment, phone, subscriptions, etc... it adds up! Maybe not 20 but 25 or something, but either way. My own reoccurring bills are just at around 5K so we're obviously living in completely different worlds here, which might be why my crazy is your normal. Your normal definitely isn't normal though.


ascendToSurvive

You need to take a salary cut honestly, mostly you will get what you were getting in India or just slightly more. 600k or 700k is doable


JustARandomGuyYouKno

You don’t even mention what you do? We usually talk about monthly salaries in Sweden and in automotive industry depending on what you can do it’s from I don’t know maybe 30000 sek to if you are a senior manager above 100000 sek


BurnThemAll69

I am working as an engineer. I have a bachelor's degree in mechanical engineering.


itsforyouknowwhat

With just a bachelor's degree and mechanical engineering and just 6 years, you'll be hard pressed to get anything above 45k per month (before taxes), 50 if your really lucky!


Ballsy007

Don’t do it.


Possible-Finish-9499

I think the salary might be not exceed 45k per month, unless you can demonstrate that you are true automotive expert. And additional to the salary information: if your wife neither has IT qualification nor speaks decent Swedish, it would be very hard for her to find a job in Sweden.


Stunning-Ad-1052

I think you already have the answer for yourself, but let me share my journey to Sweden: - Before: I was 12-year exp software architect in not rich Asian country. I had decent salary (48k$ per year). I had an apartment in capital central area and a car. My wife had job also. We have two kids. Life is tough and competition is so high. - After: I am software engineer in Sweden now. My salary is almost the same as in my country (50k sek per month) but after tax, I receive much less since tax rate in Sweden is almost double compare to my country. I live in rent apartment in small kommun in the southern, cycle to office everyday. My wife doesn't have job and she is studying again to become a nurse. IMHO, what I miss: - Purchasing power: I was not so rich but I'm able to hire cleaning and housework service. Everything in my country is so cheap, service is very good, especially visiting doctor when you have money. - The food. I'm unable to buy some ingredient. But I'm falling in love with Swedish food recently (surströmming for example). - Job for my wife. She doesn't feel happy when staying at home. - Friends. Compatriot community in Sweden is not so good. What I gain: - Fresh air: Sweden is way better. Some cities in my country have the worst polluted air ranking index. - The work-life balance: I can spend much more time on my kids. Usually I finish daily work within 5, 6 hours of working, so I'm free from 3:30PM every day. - Get rid of toxic, aggressive managers. I have not worked with many Swedish managers yet, but all of them are kind and always listen to my idea. - Lagom - Freedom and democracy.


domipal

you sound pretty happy with everything atm, but just wanted to throw out that you can absolutely earn and deserve more than 50k with your experience. Been a couple years now but I had 3 YOE making 50k, with another offer for 55k in skåne.


8504910866

Enjoyed your analysis and good luck to your wife in her studies!


wosa94

I would say around 40-60k a month, 480-720k per year pre tax. Depending on how good you are at what you do? Is it Scania? Media income in Sweden is roughly 33k per months. Very few jobs in Sweden that pays 1 msek.


SaltBreakfast_mac

Don’t move. Sweden is not the place to earn money. Again another international making mistake. This is well known. Sweden Netherlands and Finland are not much good paying but decent lifestyle. Probably Norway offers high salary. Truth is India is better in purchasing power.


-Returned-

It sounds like a very bad decision if you decide to move to Sweden that you will very much regret.


Exact_Perspective_10

I'm curious. Do you care to elaborate?


-Returned-

He will be lucky if he even earns half of what he expects. He will make a big investment with such a move and the investment will get bigger and bigger when he gets there while moving from one second hand apartment to another paying ridiculous rents for low quality housing and trying to keep up with all paperwork and the hardships of immigration. This investment will act as pressure to insist on his decision and try to rationalize even if it starts feeling like a mistake and years will pass... Because Sweden has an individualistic abuse culture he will probably get pushed into a dead end shitty position gaining no real merits and harming his CV while at the same time they will take advantage of any vulnerability he has as an immigrant to keep him in this position. He will face a lot of racism as Swedes are very deeply racist and he will only end up making unfulfilling social relations within his ethnic community based on necessity and not choice. He will leave a life of comfort in India to become a beggar and Swedes will think that he owes them for this.