Everything about the Stockholm tech bubble 👩‍💻 / 🇸🇪 Should you move to the Swedish Silicon Valley? 

how did you become a data engineer

@@andsama well My profile is electronic engineer… but then I went with many courses te get certified as a big data engineer and big data architect and then I work for some companies and got experience

@@DanielBarrios83 im a mechanical engineer and i would like to make the switch , i did take few courses from coursera. but so did everyone what do i need to do to get better certifications ..

How was it?

Thank you ☺️

It's "Kista" (there's no r), if someone wants to look it up...

Because union workers earn more? So you don't advice joining a union

Thank you! Home office is a very common situation in most tech companies I know, it may not be enforced in all companies. This changes over time too, most tech companies try to follow Swedish health agency recommendations regarding WFH situation. www.folkhalsomyndigheten.se/the-public-health-agency-of-sweden/communicable-disease-control/covid-19/

I'd say the standard tech CV is more common here 😊

Swedish startups definitely have a strong ambition to 'keep up' with the Amazons and Googles of the world. There are plenty of people who tilt the work-life balance towards work of course, but what I noticed here, it's not expected of everyone to do so, and a lot of government benefits help people to choose taking proper sick leaves or longer parental leave when needed. In my experience here is less pressure to hustle, but if you want to, you certainly can :)

most cases you don't need to speak Swedish, but it's definitely helpful. check out arbetsförmedlingen website

First one in Russia, second one in France. 😊

Hi Safa! You are right that swedish PhD could be more beneficial from a networking perspective, but overall there will be a marginal difference when it comes to getting a job in Sweden. It really depends on the company and the role, but actual relevant experience is much more important for the companies. Best regards, Anastasia

Good point! There are some cool places to work in Berlin for sure :) I know that in many cases getting a work permit in Germany is harder than in Sweden due to different requirements. But that of course is not necessarily relevant for everyone.

@@AnastasiaKVL Thanks. Could you also do a video about Gross to Net salary, Income tax, insurance etc. that an employee in Sweden will have to pay. I am also considering moving to Sweden, but I have heard the taxes are too high so I am a bit apprehensive.

@@SajalNagwanshi I have a video about Data Science salaries, but it can give you some indication ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-KnoHB973jQc.html Also here you can use a calculator to check how much taxes you'll pay based on the suggested gross salary statsskuld.se/en/jobs/net-salary

I think it's London > Berlin > Amsterdam > Copenhagen > Stockholm.

There are lots of opportunities for highly skilled professionals in Sweden. E.g., Northvolt will soon need thousands of well educated personell.

Having skills for the jobs is necessary too

Luiz, in high tech companies in Sweden it is usually sufficient to be fluent in English (apart from the professional skills).

Hello! A lot of your questions call for very subjective answers, quality of life, amount of savings, what you consider to be a fun thing to do after work really depend on ones expectations :) In Sweden, the income tax is progressive and entry level jobs salaries are quite good. This is done to ensure that most of the people, regardless of their income level can have good life quality. Here I mean, they can afford healthy food, transportation, healthcare (which is almost free), they can have a family without having to pay for their kid's education and healthcare. With that said, it's a small country, 10 million people is a quarter of how many people live in California. So entertainment opportunities are limited, there's definitely no DisneyLand, you can go to Lego Land, but it's in Denmark :) This is not a place to earn a lot of money working for a company, but where you don't have to worry to be able to afford healthcare, your children's education, where you can be in the Nature reserve and go hiking within 15 minutes of public transport from your home. Also, about traffic, it's very uncommon for people to drive cars to work in Stockholm, the only traffic I experience is lots of bicycles on a busy day.

@@AnastasiaKVL Thanks for the update, I watched most of your videos, I got an idea. But why does Sweden have so many Billionaires? I think it is a good place to own a company rather than work. What do you think? Also, there is Legoland 40 mins from my house near San Diego lol :D

@@AR-Exp in terms of earning money, having a successful company is more beneficial in Sweden, yes :)

Even supermarket cashiers, cleaners, waiting staff and similar “low skill” workers can afford to go on international vacations in Sweden. It’s not a winner take all society or economy for better and for worse. As pointed out, Sweden is not a place you move to to get rich from employment, but rather a place you go to if you appreciate other values besides money. Plus, the support network for entrepreneurs is great compared to for example the US which means the risks associated with starting a company are much smaller in Sweden. And if you can start a successful company, you can make serious money even in Sweden. Arguably, Sweden is a tax haven for the super wealthy who don’t rely on employment income but rather on capital gains. There are no taxes on property or inheritance which also serve the very wealthy most. Moreover, if you have the means-which those do-you never have to bother with public sector health care or education as there are plenty of schools, clinics and even a few hospitals catering to the very wealthy. Sweden is still a European country so old money (old aristocracy) is still very palpable, especially in Stockholm. All that being said, social mobility is much, much higher than in places like the U.K. or the US. And if you go outside Stockholm you will find an economy where people in basic jobs can afford to live very comfortably in terms of material standard (by European standards large detached homes, multiple cars per household, yearly holidays or a holiday home, etc.). Of course, foreign tech workers tend to aspire to the elite rather than living a quiet life in a small Swedish town, and for people with a “type A” mindset, Sweden won’t be the place or culture to thrive in, but for most people here, it’s a very comfortable and easy place to live. Speaking as a former expat myself, I can compare the lives of my friends overseas to those of my friends and family in Sweden. Many of my friends overseas cannot start families until their late thirties because they need their career and financials sorted beforehand in order to afford children. Here, people have children in their mid-20s without any problem or worries, and ultimately I think that is how it should be (obviously, this is my culturally biased view).

In my experience, since the Swedish (or nordic as well) market is somewhat small, most of the startups here have goals of global expansion. Some start with Sweden -> Nordics -> Baltics -> Europe -> US, others try to expand directly to US and other English speaking countries, for the added benefit of limited need for language localization and probably a better earnings and marketing potential. :)

Stop lying lol.

T

What are you talking about? 20% is just the business tax… you need to pay heavy tax on your salary and dividend payments as well lol

Sluta snacka skit

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