300,000 is a good salary

Bank employee: "I get along well with 3,000 euros net"

"Four years ago I started to work as a corporate account manager in a regional, economically independent, small bank with around 40 employees. My path there was perhaps a bit unusual. After I was thrown out of school and my teachers almost every day prophesied that it would end as a lifelong social welfare case, I completed a technical apprenticeship, and the first few years after graduation were nice too.

But then I realized that there were no development opportunities for me in my job. That's why I did an evening hack at the same time as my job and then studied economics at the University of Linz. Thanks to a self-support scholarship and rather ample cash reserves from my professional time, I had a really worry-free life financially during my academic years. A time that I definitely don't want to miss.

3,000 euros net per month

After graduating, I had several job offers, including from industrial companies. Although I was a bit skeptical at the beginning - I had bad experiences with bank employees who had to apply - I finally decided on the bank. Today I'm very happy about that because that's exactly what I want to do.

The philosopher Frithjof Bergmann once gave a lecture at the University of Linz, who encouraged us not to waste our lives, but to do something that we really really want. He said, 'An indicator of your dream job is when the vacation is just an unwelcome break in your work.' Back then we all thought: He's crazy. For us it was completely unthinkable. I am now in the situation myself. Vacation is not my most pressing need. I really enjoy being in the bank.

The management is relatively young, open-minded, always has an open ear, feedback and respectful interaction are not just lip service. We have a lot of fun in the department, we laugh a lot. I also appreciate the trust you have placed in me. Not only on the part of the management, but above all on the part of the customers. When you do your job well, you create a great emotional closeness. You know the whole private life of many customers.

In 2018, I will earn around 70,000 euros gross for a 42-hour week. If you then take into account various additional benefits of the bank (such as clothing vouchers worth 600 euros), the bottom line is that the net amount is around 3,000 euros per month. I get along well with that, even though I know that net more would be possible with third-party banks. A change is out of the question for me in view of the many freedoms I enjoy in my job.

Regardless of this, I am also convinced that the average wages in Austria are far too low for the vast majority of working people. The belief that performance and salary inevitably correlate with one another is also a widespread cliché.

My expenses

I live in a house in the country in Upper Austria, which I got from my parents, and I paid my siblings out. Various operating and ancillary costs amount to around 400 euros per month. In addition, I recently bought an apartment in Vienna's 19th district, financed with a bullet loan. I pay around 250 euros in interest per month. The running costs for the apartment amount to around 220 euros per month, the costs for water, electricity and heating 150 euros. What I'll do with it isn't sure yet, but I'll probably rent it out.

I currently spend 20 euros per month on the Internet. I get my mobile phone from the bank. Insurance (accident, death, motor vehicle, household and legal protection) amount to around 150 euros per month, repairs to the car probably an average of 50 euros. Refueling and public transport come to 110 euros. My leisure activities cost me around 500 euros a month, food around 400 euros. I save around 500 to 700 euros a month in various funds. "(Salary report: Lisa Breit, May 29, 2018)