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What would be a good salary for an MBA graduate in Poland?


posts: 9

KatowiceRelocat  Jan 13, 12, 13:17    #1
Hi All,

My company (headquartered in America) has given me an opportunity to relocate to Katowice.

I am business consultant with 5 years of experience and an MBA.

The salary I'm being offered is about 12,000 PLNs per month, gross.

On reading up, I have found that I will be charged 32% income tax on my income above 85-odd thousand PLN per annum. Is my understanding correct?

Are there any other deductions like health insurance, social security etc that I should take into account, and how much would they run into? I would be relocating with my wife.

I have read up a fair bit on the cost of living in Poland, but I'm not able to come to a figure which would be an appropriate compensation for me, allowing me to maintain my current lifestyle, and save as well. For instance, currently we go for about 4-6 movies every month, eat out at least 6-10 times every month. We each have a car of our own. We also have a housing loan (but we rent a house currently), whose installment runs into about 25% of my take-home salary. On top of that, we're able to save about 50%-60% of our combined take-home salaries each month.

Can the members here let me know if this salary would be enough (if only I'm working, and if both of us are working at approximately the same salary) to maintain this kind of lifestyle and savings.

Would really appreciate the help..

Thanks in advance

hythornThreads: 6
Posts: 843
Joined: Feb 21, 08
 Jan 13, 12, 13:25    #2
no

it probably won't be

however it is worth considering that your HQ is sending you to Poland it may lead to other things

turning down international moves is often seen as career suicide in some firms and unless you have a plan B
job lined up stateside, you might not have a lot of choice

one of my Polish friends moved to Hamburg two years ago and her company have now promoted her to head of Thailand

you did not mention whether you have kids

I presume you do not

what line of work are you in?
KatowiceRelocat  Jan 19, 12, 12:25    #3
Thanks Hythorn for the reply and perspective.

I appreciate your inputs, but I do have the option of not relocating if the offer is not attractive enough.

I am into business consulting (advising companies on how to do their business better!) :)

I do not have any kids yet, but might plan on starting a salary within a year or so.

Any inputs on what the netto would be on a gross salary of 12,000 PLN per month?

I guess I could rent a 2 bedroom apartment in Katowice with utilities, internet, satellite TV etc in about 4500 PLN right? I would be working somewhere in Kolodziejska 2 (don't know if that is the name of the area), so would look to rent a place somewhere nearby, provided of course it is safe and suitable for families.

How much does a meal for two in a decent restaurant cost in Katowice? How about, say, an Italian or Indian restaurant?

Thanks again for your inputs.

Cheers
phtoaThreads: 10
Posts: 131
Joined: Jan 11, 12
 Jan 19, 12, 12:34    #4
KatowiceRelocat:
Any inputs on what the netto would be on a gross salary of 12,000 PLN per month?

I guess I could rent a 2 bedroom apartment in Katowice with utilities, internet, satellite TV etc in about 4500 PLN right? I would be working somewhere in Kolodziejska 2 (don't know if that is the name of the area), so would look to rent a place somewhere nearby, provided of course it is safe and suitable for families.

How much does a meal for two in a decent restaurant cost in Katowice? How about, say, an Italian or Indian restaurant?


You would have somewhat around 8000 PLN netto pr. month. +/- a few hundreds.

And you could rent a 2 bedroom apartment lets say 6-70 square meters all included in katowice for 3-3500 PLN pr. month.

Lets say you go to a nice Italian Restaurant, you would pay 100 PLN for a good meal which would include antipasta and a main meal + a glass of wine.
If you choose an indian restaurant instead, you could half that!

From my perspective, this is a good salary, but not with your experience and education!
On the other hand you can live a very good live in Katowice for 5000 PLN after everything is paid, but not if you also have to provide for your wife!

If i were you id really consider this offer, because Poland is an amazing place to live (coming from a guy from Ohio) but then again before you decided to relocate remember to take everything into account.

Best of luck though!
hythornThreads: 6
Posts: 843
Joined: Feb 21, 08
Edited by: hythorn  Jan 19, 12, 12:48    #5
good comments above

also take into consideration what your wife will be doing whilst you are at work

if she is lonely and miserable, you are not going to be particularly happy either
furthermore, if she is going out for coffee everyday in the local shopping mall and
making sporadic purchases, then your salary is going to be further eroded

please do not think I am trying to be smart at your expense however I have seen this
happen to other couples in Poland - there is no offence intended

Some of my American friends do online proof reading whilst their husbands are at work
it brings in some cash and gives them something to do
phtoaThreads: 10
Posts: 131
Joined: Jan 11, 12
 Jan 19, 12, 12:50    #6
Actually all my estimates are a bit high,

So you would probably have more like 6000 PLN pr month after all taxes apartment etc. is paid.
Which would be enough to support your wife also, and live a good life.
rygarThreads: -
Posts: 44
Joined: Apr 15, 10
 Jan 19, 12, 13:35    #7
bullshit.

12000 gross is 8400 net


the 'trouble' is your wife - sitting at home is frustrating, esp that in US she does have job. If there is any possibility that she could work remotely - in this case you could be even happier in PL than US, otherwise relocating is not a good move.

And Katowice itself - ugly, dirty industrial city.

all in all, you'd probably regret relocating, unless you both want some adventure and are just curious of how's life outside US
rygarThreads: -
Posts: 44
Joined: Apr 15, 10
 Jan 19, 12, 13:48    #8
oh, sorry, I thought you calculated this 6000 as net income, my bad.
phtoaThreads: 10
Posts: 131
Joined: Jan 11, 12
 Jan 19, 12, 13:59    #9
rygar:
oh, sorry, I thought you calculated this 6000 as net income, my bad


No problem, coz that would have been bullshit ;-)



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