Switzerland offers one of the best salaries in the world, says Ashish Verma of Restaurant Brands International
When you move from a small town to a big city, your income generally shoots up. And so do your expenses! The scenario undergoes a sea change when you travel across the ocean. Not only one has to adjust to a new lifestyle and way of life, but also the changes relating to a new currency, its impact on purchasing power parity and much more.
Something similar was experienced by Ashish Verma, Global Lead of Strategy & Insights at Restaurant Brands International, when he moved from India to Indonesia via Malaysia and finally set base in Zurich, Switzerland.
In an email interaction with Livemint, he shares his bitter-sweet experiences — a few of which are revelatory and jaw-dropping, while the others may appear routine to some.
While doing calculations, several people go wrong when they evaluate offers for working in a foreign country. Switzerland offers one of the ‘best salaries’ in the world and perhaps the best in Europe. Based on my experience of working in four countries thus far, the formula to calculate ´best salaries´ is not based on the magnitude of the amount that gets credited in your bank, it is rather based on the magnitude of net savings you have every month (i.e., salary minus expenses).
Take for example, an 8 year old IT professional gets 1 Lakh INR per month in India and due to low cost of living he manages the month in 40K INR and saves 60K INR that’s 60% of savings.
Whilst the same professionals get at least 6000 CHF (Swiss Franc) per month (nearly ₹5.6 lakh) in Switzerland but due to higher ‘standard’ as well as cost of living he ends up spending 4500 CHF and saves only 15% i.e., 1500 CHF.
However, when you convert the saved amount in INR it's approximately 1.4 lakhs which is more than double of what he
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