I just got two offers (completely different in terms of salary and life style and am struggling to decide which one to choose.
I'm L4 Engineer. Here are the two offers:
- Spotify (base): $850K (SEK) + stocks/options / location: Stockholm
- Facebook (base) : $ 160K (USD) + stocks/options/ location: Menlo Park
I tried to calculate the Spotify option and is around $90 USD ...seems extremely low (before taxes). But I have no idea what is the cost of living in Sweden.
Any help would be fully appreciate!
- Spotify This🤷🏻♂️FucksI think that the biggest difference won’t be the salary, but the locations. You should figure out whether you want to live in Stockholm, or in Menlo Park. The Facebook offer would be peanuts if it would be in Facebook’s Stockholm office since Swedish salaries are much lower.
- Valid points. But I think I am in a different mindset. I would want to optimize for quality of life. My wife and I are very simple, humble people. We want to build a family and have time to travel and spend time together. I make a lot of money at Uber. And FB has an amazing offer...but really ...I am not happy in the Bay area. Tons of money ..but I feel empty. I can barely see my wife during the week. I work a lot. Anyhow ..just giving you guys more background on why I am even considering this big life style change. But if money at Spotify is not enough for me and my wife to have a good life ..then ..we would just stay here in the Bay area.
- WeWork lBKJ26You will probably be at the 50-55% marginal tax bracket and average 40-45% tax for your income.
Things that are cheaper: Free education, free preK childcare, gov stipend for kids, free healthcare, rent, fish and seafood
Things that are more expensive: anything labor related, haircuts are like $50, dinner out is $40-50 a person, liquor only from gov liquor stores and heavily taxed, public and private transportation, vegetables. Vat sales tax is 25% on everything
Budget 25-30% more for all your expenses aside from healthy care, rent, education, childcare. Mortgage loans are almost at 0%
You might need to pay taxes on income over 100k back to the US too.
- Spotify / Eng agdkmoreI work in NY and have heard living in Stockholm can be depressing for non swedes. Many months of darkness and cold. Swedish people are nice but not necessarily friendly and inviting. It's also ridiculous to me how expensive everything is even with the benefits they give families. I've been to Stockholm a few times now for work and couldn't see myself bringing my family there. I know one person who has but majority actually want to leave/have left Sweden to come work in NYC office.
If it's possible, I think you'd be better off coming to NY location. With our generous vacation policy and work life balance you can easily travel and do more fulfilling work/hobby of your choice.
- Swedish people are anything but nice. Colleagues, sure, will be nice when they have to work with you, and then will pretend they didn’t see you when you meet on the street. Although if you’re married it will probably be easier. I’d never advice any man moving here alone.Nov 5, 2019 3
- Spotify will leave you more fulfilled. Swedish men are tall hung and hot.
- More realistically, which area has more potential to make you happy. The bay is also very young and single. I feel Sweden is a better place to raise kids. I feel there is more potential to be stressed out in the bay but happier in sweden even with less money.
- Spotify / Product uXNn55moreFacebook is a morally bankrupt company. Work for Spotify. It’s nice here
- Spotify poojamigaIf you're thinking of having children, you will be happier in Sweden. You'll get a year of paid (p)aternity leave and you are expected to take the full time and will get the full salary.
If you don't have kids, swedish taxes and the low salary may get you down. But you'll be home by 5:30pm everyday and maybe that's worth it.
Your partner will have trouble getting a job if they don't speak Swedish and aren't in tech. That's one of the top reasons married couples leave Spotify in Stockholm. You should talk about that possibility before you move.
All in all, living and working in Sweden has an incredibly high quality of life if you're up for the friction as an expat. People work their lives to hope they could retire as well as people live in Sweden.
Two other things: 850k is well above average. If you're a python engineer that's not a data scientist, that means you're working for one a group that's almost exclusively in Sweden. You may be able to ask about London, but probably not NYC teams
- Sure guys, he could take the Spotify offer in Stockholm and get a much shittier salary. He also could go to facebook for two years, get some savings, get a promotion, and get a much better offer from Spotify to a higher-level role. I can’t see why Spotify wouldn’t want him in two years unless he does something stupid.
- I’d say 850k SEK is way above average swe salary at Spotify. Although you probably should know that anything above 650k gets taxed at a rate of 64%. Downtown apartment, if it’s decent, will cost at least 1600 per month. Unless you’re ok with living in a 12 square meter cellar. As for moving to Sweden... well... it’s different for everyone, but living here has made me a deeply unhappy and miserable person. With that said if you just want to come here for a year or two, explore Europe a little and then go back to us, then sure, it should be great.
- Spotify / Eng KungsanTop marginal tax is actually 60.4% for income over 703000 SEK (2019). See https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://www.ekonomifakta.se/Fakta/Skatter/Skatt-pa-arbete/Marginalskatt/%3Fgclid%3DCj0KCQiA-4nuBRCnARIsAHwyuPpF_b26JnIlUYKiA15WbKrTY0eqCdkcRcsNKcr5BFb1H94h7ijN8vkaAldlEALw_wcB&xid=17259,15700022,15700186,15700190,15700256,15700259,15700262,15700265,15700271,15700280,15700283&usg=ALkJrhjaOvOH_NFNZmhVukSBYL9s1lRExgNov 6, 2019 1
- Netflix the.oaIt depends. If you’re young and can unhook your career and TC obsession for a few years, I’d totally go with Spotify in Stockholm and travel Europe and just live a totally different and fulfilling life for a few years then evaluate if it’s what you want long term.
If you’re FIREd obsessed and just want TC, then go with FB. Personally, I’d do the Europe thing for 2 years and not think twice about it. There’s also time to make more money down the road. You don’t stand much to loose here.