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Old 19.01.2014, 10:28
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Is 70.000 CHF per year is really terrible?

Hi everyone,
I am a new guy

Today I read the topic at:
Can I live with 70000 CHF a year ?

Actually, I have shocked - because 70.000 CHF/year is exact amount of a PhD student salary in ETH Zurich.

So, it is very hard to live in Zurich with this money?
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Old 19.01.2014, 10:39
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Re: Is 70.000 CHF per year is really terrible?

It all depends on your life style really.

I have a friend who has 85k and living as he want's he still manages to put money aside (and has his own small apartment, not a shared room).

Here, eating out is expensive so if you want to eat out 5-7x times a week then it might be problematic a bit.

I think overall it's totally doable.
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Old 19.01.2014, 10:55
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Re: Is 70.000 CHF per year is really terrible?

man 70k is no problem at all. start looking for a cool apartment and a nice car. or dont, and pay off a big student debt in like 2-3 years.
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Old 19.01.2014, 11:44
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Re: Is 70.000 CHF per year is really terrible?

Everything is relative.
Note that 70k is the average income in Switzerland so for sure it is not bad.

Then depends on fixed expenses (room or apartment) and lifestyle.
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Old 19.01.2014, 11:49
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Re: Is 70.000 CHF per year is really terrible?

As a PhD student salary, its luxuriant. Back in the UK (central London) I used to get £10,000 per annum and considered myself very lucky (to be doing something I loved, getting paid for it and gaining a PhD in the process)
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Old 19.01.2014, 11:50
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Re: Is 70.000 CHF per year is really terrible?

So, if I rent a small room, cook by myself, and only focusing on studying, how much I should pay for a month?

I mean, I want to save as much as I can for my future. All I need is Internet and cooker.
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Old 19.01.2014, 11:52
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Re: Is 70.000 CHF per year is really terrible?

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Actually, I have shocked - because 70.000 CHF/year is exact amount of a PhD student salary in ETH Zurich.



So, it is very hard to live in Zurich with this money?

Certainly, it just puts you right in the median Swiss household income. So if you're coming with a spouse and 2-3 kids, then you'd have to live very frugally and could be entitled to health insurance subsidy. For a single person this is 4 times more than enough, or, based on inflated Swiss social help guidelines about twice what a single person needs to live at the bottom of middle class.
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Old 19.01.2014, 12:29
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Re: Is 70.000 CHF per year is really terrible?

Like others have said, it's very relative. In the not-so-distant past I managed to put away 3'000/month while earning 75'000/year and being taxed at source. I was living off 1'750/month, but I wouldn't recommend that It was a bit extreme and taxing to say the least.

It's important for your mental and physical health to allow room for some regular enjoyment, whatever that may be.
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Old 19.01.2014, 12:46
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Re: Is 70.000 CHF per year is really terrible?

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So, if I rent a small room, cook by myself, and only focusing on studying, how much I should pay for a month?

I mean, I want to save as much as I can for my future. All I need is Internet and cooker.
With 70k you do not need to be so extreme. Everything depends on what is essential for u.

Commuting time or where u want to live will define the room price.

I live since 2011 in Zurich and i know people paying 600 for a room and i know people paying 4k for appartments in lake zone.

A room 600..700 will be 10k/year. If u fancy a nice (nice means really an excellent ) room with private bathroom, internet and so maybe 1000/month.

However it is still 12k/year.

Believe me, 70k is really good.

However if u do a nightlife style that is problem:
20 to 30 chf entrance in clubs, 15 chf each drink, 50 to 150 chf a bottle.

Dinner: 25 to 100 chf/person. On a date goes double


However, if u dinner home and there are many free entry clubs it will be a saving time
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Old 20.01.2014, 08:48
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Re: Is 70.000 CHF per year is really terrible?

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.

It's important for your mental and physical health to allow room for some regular enjoyment, whatever that may be.
He already said all he needs is the Internet
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Old 20.01.2014, 09:59
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Re: Is 70.000 CHF per year is really terrible?

Is 70.000 CHF per year is really terrible?

No.
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Old 20.01.2014, 10:06
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Re: Is 70.000 CHF per year is really terrible?

70k per year is a good salary.

It's a very good PhD salary even for Switzerland. It's likely you won't get all of that and that is the 100% rate.
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Old 20.01.2014, 10:09
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Re: Is 70.000 CHF per year is really terrible?

That's nearly double what I get and I have a full time job (nor am I student)! I get by fine, sometimes its a struggle but as long as you budget yourself and don't waste your money on unnecessary things then you'll be fine!
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Old 20.01.2014, 10:09
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Re: Is 70.000 CHF per year is really terrible?

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70k per year is a good salary.

It's a very good PhD salary even for Switzerland. It's likely you won't get all of that and that is the 100% rate.
What do you mean by "you won't be likely to get 100% of that"?
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Old 20.01.2014, 10:15
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Re: Is 70.000 CHF per year is really terrible?

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What do you mean by "you won't be likely to get 100% of that"?
Probably the deductions for social insurances, which will be around 15%?
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Old 20.01.2014, 10:21
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Re: Is 70.000 CHF per year is really terrible?

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What do you mean by "you won't be likely to get 100% of that"?
The work rate will be less than 100% even if they are expected to work more than 100%.

Edit: This thread has people with more experience on the matter.

PhD salary at ETH Zurich
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Old 20.01.2014, 10:31
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Re: Is 70.000 CHF per year is really terrible?

I get about that, and I have 2 kids and 2 dogs, and a car. Of course I have to be careful with how I spend my money, but I don't consider myself poor.

You'll be fine.
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Old 20.01.2014, 15:18
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Re: Is 70.000 CHF per year is really terrible?

70k per year is MORE than average.
Then again, it depends on what life you live and what luxus necessities you have.
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Old 20.01.2014, 15:59
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Re: Is 70.000 CHF per year is really terrible?

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So, if I rent a small room, cook by myself, and only focusing on studying, how much I should pay for a month?

I mean, I want to save as much as I can for my future. All I need is Internet and cooker.
1500 should be more than enough. was for me. things got a bit more expensive but not much more.
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Old 20.01.2014, 16:10
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Re: Is 70.000 CHF per year is really terrible?

And, as a PhD student you pay only around 100fr/month for insurance, gym is free, if you want to eat in mensa it is relatively cheap (5-8fr most menus) but quite bad food, depending on you age you may get cheaper public transport, etc.

and do you now you will be getting 70k? did they tell you? because it depends on department and prof.
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