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  #21  
Old 04.12.2009, 18:12
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Re: Comparing UK and Swiss Salaries

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I know what you mean about the moving every 2 years. My husband thinks this will be a 3 year assignment. If I go for this, I will be looking to get promoted which will make it harder for me to move on in 3 years. It would be easier to just suck it up and go if I thought we would get established and I could invest in my career and expect a pay off.

In a way, we need to look at the next step and beyond to see what makes sense but that is difficult. I guess I should think about it in terms of option theory. Which of these options has the higher long term value? That gets difficult because other things come into play like me getting an EU passport if I stick it out here for a little while.

No, option theory and financial analyses in general don't work when looking at life changing decisions. Your life's NPV is not just financial - tough to value emotions, etc.

It seems to me that your career is very important to you. In this case, you'll probably value career progress and the type of work you do higher than financial compensation - something to consider. Otherwise, you might end up being frustrated in a boring dead-end job even though your after-tax salary is higher than in London....
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  #22  
Old 04.12.2009, 18:39
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Re: Comparing UK and Swiss Salaries

The exchange rate is arbitrary. If you plan to live in Switzerland you will be living in Swiss francs, not Euros, not pounds. So look at what your francs will buy.

Switzerland is less expensive that England. I say that from personal experience after a 1 year move to England. If you live normally in Switzerland you can enjoy life with good food, good wine and great excursions into the Swiss coutryside and mountains. Learn a bit of the language (after time in Germany, you are on the way) and live Swiss. If you want to live life to the full, move to the Gold Coast on the Zurichsee and your money will soon be gone!

Weekend commuting is tough. I did it for 4 years, but driving, not flying. I was in control of my driving, the weather and ETA. Flying is a whole other thing. Delays, re-routing, parking, the whole nine yards. I would not recommend it for either party.

Good luck!!
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  #23  
Old 04.12.2009, 18:49
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Re: Comparing UK and Swiss Salaries

Where did you get this figure from? For a salaried nanny that is not correct in my experience.

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I have also done quite a bit of research on childcare and a nanny will cost CFH 5500 - 6000 per month which is frankly unbelievable.
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  #24  
Old 04.12.2009, 19:07
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Re: Comparing UK and Swiss Salaries

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Where did you get this figure from? For a salaried nanny that is not correct in my experience.
I got that from Familyservice which my company contracts to find childcare and have had this validated by nannies who have contacted me wanting 4000 per month net and another mother who said I should expect to pay 6000 per month.

This is for a full time live out nanny. I don't want an au pair if you are thinking that. I need someone experienced with qualifications.

If this still looks wrong, let me know. I would love to be wrong here as this is my single biggest worry!
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Old 04.12.2009, 19:09
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Re: Comparing UK and Swiss Salaries

Update:

I just spoke with someone who moved from a UK contract to a Swiss contract who is one level below me. Using his numbers to scale to my salary, I will negotiate 200K which is more in line with what I was expecting. We will see if I am successful.

I think (hope) the lower figure I got from my collegue this AM was resulting from these people having a lower base because they are on a sales plan with much higher bonuses.

Anyway, I am feeling relieved and more confident now.

R
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  #26  
Old 04.12.2009, 19:39
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Re: Comparing UK and Swiss Salaries

I will PM you.

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I got that from Familyservice which my company contracts to find childcare and have had this validated by nannies who have contacted me wanting 4000 per month net and another mother who said I should expect to pay 6000 per month.

This is for a full time live out nanny. I don't want an au pair if you are thinking that. I need someone experienced with qualifications.

If this still looks wrong, let me know. I would love to be wrong here as this is my single biggest worry!
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  #27  
Old 04.12.2009, 20:19
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Re: Comparing UK and Swiss Salaries

In its simplest form, you make more money here, pay less taxes, but the cost of living is higher. OECD and the New Big Mac index (how long does it take you to work for a Big Mac) all indicate that Switzerland is the place most likely to leave you with extra cash in the bank.

I would say, come here for the nature, for the people, for the experience, for anything other than the money.
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  #28  
Old 06.12.2009, 00:31
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Re: Comparing UK and Swiss Salaries

If money is your main priority and interest, why not go to the US or another country which places more value on a consumer culture than Switzerland?

I used to work in the US for quite a few years before I came to Switzerland, and certainly would say that my spending power there was higher than here, all things considered.
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  #29  
Old 06.12.2009, 15:21
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Re: Comparing UK and Swiss Salaries

Where is the desire and love to be with you husband? Huh??

If my spouse (when I had one that is ) said yes to relocate to another country without discussing it with me, I would be concerned about my marriage.

Also, if my own concern about following along or not, would be based on money and/or career opportunities, my spouse should be concerned as well.

How about taking a year or two off and enjoy Switzerland?

There is more to life than money.

Yeah yeah....I know you didn't ask but spending a year with your kids could be a great experience for you and them.
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  #30  
Old 30.09.2012, 01:37
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Re: Comparing UK and Swiss Salaries

Many threads of the forum on this subject seems to "converge" on the facts that 80k gbp in London is roughly similar to 150k chf in Zurich. That's a very useful data point, however I think this needs some further clarification. As far as I understand a "gross" salary figure in Switzerland includes most of the benefits (for example pension contributions). On the contrary in UK benefits such as car allowance, pension, etc are usually provided by employers on top of the nominal gross salary figure appearing in a contract. 80k + benefits is significantly different from a total package of 80k; I would o know from the forum experts which one of two is considered equivalent to the 150k chf.
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  #31  
Old 30.09.2012, 10:34
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Re: Comparing UK and Swiss Salaries

There is one really important aspect in all of the lifestyle & benefit calculations that you are omitting:your child.

Imagine that your child would have the opportunity to learn one (or two) additional languages, by immersing it in the daycare. In addition, it will get used to being "citizen of the world"; as it will play with its peers from all around the globe in such a tender age.

On top of that, he/she will have mummy to prepare breakfast in the morning, daddy to read bedtime stories every day. It is hard to put monetary value on both of those things, yet, those must be taken into account.

Good luck!
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