At the beginning of this month I started my new job. For the sake of anonymity, let’s say I’m working for Pied Piper. I hope there are some Silicon Valley fans in my readers 😉 Since I’m just starting working at this company, I don’t want to disclose it on this blog. And since I’m still anonymous, I’m going to try to stay like this.
This is going to be a shorter post than usual. In this post, I’ll describe all financial aspects of my new job. I’m really happy about my new job. Working at Pied Piper is an incredible opportunity.
My work at Pied Piper
Pied Piper is a large corporation with one part of the company in Switzerland. It’s a Tech company.
I’ve just started this month working at Pied Piper. I’ve been hired at Pied Piper as a software engineer. I was actually lucky. I had worked with them already through research projects during my Ph.D. After I finished my Ph.D. one of my contacts inside Pied Piper recommended me for a position. I went through several hours of interview. And I was accepted 🙂
It’s really a great opportunity. First of all, what they are doing is awesome. It’s really exactly the field I want to work in. And then, the conditions are incredible. For the small region I’m in (Fribourg, Switzerland), they offer much better advantages than their concurrent. They also have an office in a foreign country. This will give me the opportunity to visit them. I’m really happy about this job.
Let’s talk money now! I’ve been hired with a gross salary of 118K CHF per year. Not included is the bonus (around 10% a year), but subject to performance. And they offered me around 12K CHF of stocks, vesting on four years. It may not look really great for some people who have much more benefits and salary in cities like Zurich. But for me, it’s a lot 🙂 It’s much more than what I was being paid until last month. And for what I know, in the state of Fribourg, where I live, it’s a great income 🙂
Maybe the biggest benefit is their Employee Stock Purchase Plan (ESPP). Basically, it’s an offer to buy stocks of Pied Piped at discounted price. The way the price is calculated is a bit special, but the discount is very interesting. I’m definitely going to put money into this. I don’t know my strategy about the stocks. I’m going to blog about this later. I will share the details once I know them and once I discover the system. I probably wont have stocks vesting for at least six or seven months. But I will be sure to tell you about it!
Pied Piper is paying for my health insurance, up to a certain amount. Since I’m paying around 240 CHF per month, this will save me 2880 CHF pear year. Health insurance is really expensive. And my price is one of the lowest. I will probably consider moving to a better insurance with less deductible. This may save me money during the year.
One advantage I will have is that parking is now free at my new company. My previous company was making me pay 40 CHF per month. This is not a huge deal, but this saves me 480 CHF per year!
Another advantage is that I now have access to free coffee! And it’s good Nespresso coffee. This may not be an advantage since I can be a heavy coffee drinker. We’ll see about that. Before, I was drinking my Nespresso capsules. That means I was spending about 2.40 CHF per day on coffee. If we take 200 working days per day, that’s yet another 480 CHF per year saved!
In summary, my new job at Pied Piper is an excellent offer. This will be an occasion for me to develop new skills and learn a lot. And moreover, this will also be a very good way to accelerate my path towards Financial Independence (FI). I don’t intend to scale my lifestyle too much with this new job. This means I will bring more money in. And I will have many financial advantages compared to now 🙂
By the way, I
stole used the idea of using a fictional company from Mr. RIP. He explained his dream job at Hooli.
What about you ? Did you get a great new job ? Are you happy with your current job ?