Who Earns €100K or MORE in Germany?

Summary

This video reveals the real salaries of 500 international professionals working in Germany, focusing on IT, automotive, and academia industries. It provides detailed salary ranges, insights into factors like experience, job roles, and location, and highlights those earning over 100,000 EUR annually. With a specific focus on software engineers, project managers, and other high-earning roles, the video helps viewers understand the salary landscape in Germany. The survey also emphasizes the correlation between experience and salary, with 75% of high earners having over 6 years of experience. Viewers are invited to share their thoughts and experiences.

Takeaways

• 😀 500 international professionals in Germany shared their salaries to provide real-life salary data beyond averages found on platforms like Glassdoor.
• 😀 The survey found that 3 industries dominated the responses: IT, Automotive, and Academia, with IT being the most represented.
• 😀 Salaries in IT range from 30,000 EUR to 120,000 EUR annually, with the average salary being 71,000 EUR.
• 😀 Automotive industry salaries range from 40,000 EUR to 170,000 EUR annually, with an average salary of 75,000 EUR.
• 😀 Salaries in Academia ranged from 18,000 EUR (for PhD students) to 65,000 EUR (for senior researchers), with an average of 37,000 EUR.
• 😀 A strong correlation exists between experience and salary, with most high earners having 6+ years of experience in their roles.
• 😀 6 IT professionals in the survey earn over 100K EUR annually, including senior software engineers and project managers.
• 😀 5 automotive industry professionals earn over 100K EUR, including a Formula One engineer and a director in strategy.
• 😀 High earners in the survey tend to have director-level roles or similar titles, especially those earning 125,000 EUR or more.
• 😀 Location and negotiation skills play a significant role in salary, as demonstrated by differences in pay across regions like Bavaria and Saxony.
• 😀 85% of participants earning 100K EUR or more reported being satisfied with their salaries, though satisfaction is subjective and depends on factors like lifestyle and cost of living.

Q & A

What was the purpose of the salary survey conducted in Germany?

The purpose of the salary survey was to gather real-life salary data from international professionals working in Germany. The goal was to go beyond average salaries typically seen on platforms like Glassdoor and explore the specific earnings of individuals, especially those earning over 100K Euros annually.

What industries had the most survey participants?

The three most popular industries among survey participants were IT, automotive, and academia.

How does work experience affect salary in Germany?

In Germany, there is a strong correlation between work experience and salary. Individuals with less experience tend to earn towards the lower range of salaries, while those with more experience tend to earn towards the higher end. The average salary usually falls for those with 3-6 years of experience in a specific role.

What is the average gross annual salary in the IT industry according to the survey?

The average gross annual salary in the IT industry, according to the survey, is 71,000 Euros.

What is the salary range in the IT industry, and who earns the lowest salary?

In the IT industry, the lowest salary reported in the survey is 30K Euros, while the highest is 120K Euros. The lowest earners are typically content specialists with less than three years of experience.

What is the most common job role in the IT industry based on the survey?

The most common job role in the IT industry based on the survey is that of a software engineer in various forms, which was the most recurring role reported.

How does location impact salaries in the automotive industry?

Location can have a significant impact on salaries in the automotive industry. For example, a development engineer in Bavaria with less than three years of experience earns 50K Euros, while a similar role in Saxony with 3-6 years of experience earns only 44K Euros. However, the cost of living in Saxony is generally lower than in Bavaria, which may offset the lower salary.

How many people in the survey earned over 100K Euros in the automotive industry?

Five participants from the automotive industry reported earning over 100K Euros in the survey.

What salary range did the participants in academia report?

In academia, the salary range varies greatly. The lowest reported salary was 18K Euros for a PhD student, while the highest was 65K Euros. The average salary for a post-doctoral researcher was 53K Euros.

Which roles in the survey reported earning over 100K Euros annually?

The roles that reported earning over 100K Euros annually include positions such as senior software engineers, project managers, product managers, and even roles in automotive like Formula One engineers and directors in strategy.