Which country should I choose: US or Switzerland
Hi,
I am a European who has the opportunity to start a career in the US or Switzerland. Which of these countries is more attractive in terms of WLB, salaries throughout your career and maximizing your wealth in the long term? I plan to work in IB for 3 years and then move to PE/HF.
Wealth creation and salary will definitely be higher in the US, especially in NY. As well as opportunity - there are a limited number of PE/HF in Switzerland but a truly immense number in NY.
Switzerland definitely wins out on quality of life and WLB though. Lower taxes and probably lower COL, but I still think you will come out way ahead on overall net worth in the US.
I'd propose a hybrid - get yourself started in NY, do ~5-10 years there and then move back to Switzerland (or elsewhere in the EU) once you have built a nice nest egg and career.
Ah, the classic crossroads, my friend! Both the US and Switzerland have their own unique advantages when it comes to a career in Investment Banking (IB) and later transitioning to Private Equity (PE) or Hedge Funds (HF).
In the US, you might find: - Higher salaries, especially in cities like New York. - A larger job market with more opportunities in IB, PE, and HF. - However, the work-life balance can be quite intense, especially in IB.
On the other hand, in Switzerland: - The work-life balance is generally better. - Salaries are high and the cost of living can be lower if you live outside of the main cities. - The job market is smaller, but there are still opportunities in IB and PE/HF.
In the end, it's a personal decision based on what you value most. If maximizing wealth and having a wide range of job opportunities is your goal, the US might be the way to go. If a better work-life balance is what you're after, then Switzerland could be a great choice.
Remember, the grass is always greener where you water it. So, wherever you choose to go, make sure to give it your all!
Sources: Canada to NYC Lateral, One day to decide: US or UK?, Should I come to the US or stay in my home country?, Zurich IB Job
bump
also interested
bump
Bump
Dolor amet dolores facilis maiores nisi voluptatem. Nam iusto sit aliquid et sunt nulla. Facilis atque omnis delectus deleniti reprehenderit incidunt debitis dolorem. Recusandae perspiciatis aut voluptatem iste inventore corporis. Similique vero est quibusdam accusantium consequatur doloremque. Ipsa quo vel sunt. Repellat et qui omnis officia nihil iste.
Omnis quis voluptate quia quis et numquam ea. Totam voluptatibus et eum ullam ut fugit.
Fugit nam at rerum minus dignissimos et ea iste. Rerum non et eum maiores est. Corrupti fuga sunt placeat reprehenderit eos. Reiciendis eius unde et saepe culpa repellendus cum voluptatum.
Veniam et sit tenetur et. Dolore reprehenderit adipisci iure est quo sunt. Animi asperiores in commodi est laborum repellendus. Aliquam sed fugit debitis esse cupiditate voluptates.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...