But this is just the bare salary - you will have to take off about 20-30% for various taxes. But then you get free healthcare and education, and retirement.
Some companies will have a bonus ("intéressement / participation") which can be an extra 10 to 20% once a year.
You would typically have a straight salary, no equity or something like that.
When you look at the most senior positions, this is about 130k€.
But it really depends on the city, on the industry etc. Generally speaking your salary is not that big, bt you have extra advantages (such as the social committee, a company-funded organization that will reimburse part of your vacation costs, give gifts at Christmas, ...)
> When you look at the most senior positions, this is about 130k€.
You're being generous here. A new grad in France in engineering or development gets more often in the 40k€. The most senior positions in most companies plateau around 90k€.
In some companies in Paris it's higher, but that's the exception.
And the dollar sign goes on the side I put it: nine hundred thousand dollars. The fact that you want to write $900k is just an idea specific to the finance world (such as using parentheses for negative numbers).
Do you usually write m4, in7 or lb9?
Doubling salary post-tax will at the very least put you at a 50% savings rate, and that yields a time from zero to financial independence of 16.5 years. Assuming historically-similar stock market returns and a safe withdrawal rate of 4%. This relationship does not depend on absolute numbers beyond those stated above, only savings rate.
Most likely you'd not be starting from zero and having a positive savings rate already. Whether you'd be comfortable doing this is a different question. Many would never be, and hence never completely comfortable retiring.
I look at 900k$ and think wow from the perspective of my very well paid job in France.
Getting 900k$ a year would bring great things to me and probably make me retire earlier. This will not be life-changing though.
And then I think about people who earn 5% of what I do and for them multiplying their income by two would probably be truly life changing for them.
And then these 900k$ do not look that wow anymore.