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Is 400000PLN per year a very high salary in Poland? If so, what kind of job can make this money?


SChristine
22 Feb 2017 #1
Like working for investment bank, google etc?
DominicB - | 2,709
22 Feb 2017 #2
@SChristine

Yes, it's very high, but it's sorta a pointless topic for discussion unless there is, well, a point. Why, specifically, are you asking?
cms 9 | 1,271
22 Feb 2017 #3
There are only a few sectors that would pay that kind of money - you would need to be quite senior in bank, consultancy or maybe real estate to get that. In other sectors like FMCG or industry that is a board level salary. I doubt you would get that at Google unless you were running a large department.
Boom Boom
22 Feb 2017 #4
Honestly I make over that through my real estate investments in Warsaw and pay only 8.5% reach out tax.
PS084 - | 8
22 Feb 2017 #5
@Boom Boom

So in this year you are in the top 2% PL ppl in terms of earnings.
Boom Boom
22 Feb 2017 #6
not really,lots of people in Poland make way over that.Look at the rents they collect all over in Poland with commercial properties which are all over.I would think top 10%.
Atch 16 | 3,299
22 Feb 2017 #7
Yes, but the OP asked about salaries/working for a company, not income of the self-employed or investors.
Boom Boom
22 Feb 2017 #8
Atch lots of american(dont know about other countries) people working for companies I know who are working in Poland are paid way over that plus benefits and some are even in there mid to late 20s.it depends which company and your qualifications.Even here some posters I read being offered 25k Pln a month which is 300k a year and there are so many who get way over that.WAKE UP!.

Poland is changing to international standards where making 100k$ is normal.
cms 9 | 1,271
22 Feb 2017 #9
No it is not - the people being offered that are programmers - also in great demand but not for permanent contracts and making 60-70k a year, not 100k usd.

There are plenty of statistics available on earnings levels - 400.000 zloty puts you in the top 2 percent as stated.

The majority of good commercial real estate is owned by banks, funds or wealthy individuals - not by regular guys on the street

If you are making 400.000 profit on your real estate then you must have about 20 apartments which puts you comfortably in the top half percent of Poles in wealth. The people you drink and eat with might be earning well but they are not typical Warsaw residents.
Harry
22 Feb 2017 #10
If you are making 400.000 profit on your real estate then you must have about 20 apartments

Allowing a month's rent each year for rent-free periods and another month's rent each year for maintenance and so on, that's 2,000zl profit per property per month, which would mean 20 properties worth about 500,000zl each with zero debt on them.
terri 1 | 1,665
22 Feb 2017 #11
We can all dream..
Any profit on renting out apartments/flats...would not be counted as 'salary'. This would be called 'profit'.
Very few people earn that sort of a salary in Poland. Very few.
delphiandomine 88 | 18,475
22 Feb 2017 #12
which would mean 20 properties worth about 500,000zl each with zero debt on them.

Which is a long way from a 30sqm flat with a huge mortgage secured on it, owned by the average foreign "investor".
delphiandomine 88 | 18,475
22 Feb 2017 #13
No it is not - the people being offered that are programmers - also in great demand but not for permanent contracts and making 60-70k a year, not 100k usd.

I've heard of one company that was offering as much as 30k/month for really great programmers in a very specific field, but they were on short term contracts and were expected to give an invoice.

The idea of ordinary programmers being on over $8000/month is laughable. I suspect the person making such a claim is living in a fantasy land.
terri 1 | 1,665
22 Feb 2017 #14
Maybe in la la land....:-)
delphiandomine 88 | 18,475
22 Feb 2017 #15
Pigs will fly before we see that sort of salary being routine in Poland ;)
Wincig 2 | 221
22 Feb 2017 #16
@terri
A better La la land than the one depicted in a recent eponymous film...
Boom Boom
23 Feb 2017 #17
The majority of good commercial real estate is owned by banks, funds or wealthy individuals - not by regular guys on the street
cms,I assume you have no experience in commercial real estate,walk around warsaw and see how many commercial lokals are there and for sale to be bought by private individuals for example here you can find plenty of commercial for sale.
majkel - | 64
23 Feb 2017 #18
This is upper managment kind of money, and no regular position will earn that. Private business or some kind of heavili specialized work connected with big bucks (investment banking, stocks, real estate) could earn that but this is nowhere near common.

IT work is also not even in the ballpark, unless heavily specialized\top managment.
cms 9 | 1,271
23 Feb 2017 #19
I have a lot of experience of commercial real estate thank you. Not sure if you mean office, industrial or retail but in any segment you would need about 2000-3000 sqm to even come close to those kind of returns. There are about 35m sqm of modern commercial space in Poland so that means a maximum of 17.000 people could generate this income - less than 0.05 percent of the population. In fact the the number is far smaller as most is in institutional hands.

You might want to discuss the ryczalt method more with your accountant or tax advisor. It is more suited to small investors and doesn't pay out as well if you have some bad years or some bad properties in your portfolio as it is mor difficult to offset losses.
cruisepatron 1 | 129
26 Feb 2021 #20
what kind of job can make this money?

- any job where you got the skills to generate revenue of 500000 PLN or more for the company...
Cargo pants 2 | 1,104
26 Feb 2021 #21
what kind of job can make this money?

Plenty of people make that money or even double/triple,not only in business but working.I know couple of guys working as partners in Merrill lynch and Deloitte,in fact cpl years back I bought a property from one of them in Warsaw.
cruisepatron 1 | 129
27 Feb 2021 #22
Plenty of people make that money or even double/triple

In Poland? I would say it's unrealistic for the "Plenty" to earn that salary in Poland. The US is another story.. value of money depends on the location. No government want citizens to be able to save that much money, what would motivate them to keep working and not retire early? If the US is paying such salary then there the living expenses are high enough to leave you with little or nothing... in Poland similar average salary is $12 - $18K a year, at least from what I have seen.
Strzelec35 28 | 1,614
27 Feb 2021 #23
mafia. thats mafia money or painted in red by the mafia or something to do with the mafia. only mafia in Poland make that money.
Cargo pants 2 | 1,104
27 Feb 2021 #24
In Poland?

YES,in Poland.Not only in business but also in salaries,I would say 10% of the Polish population makes over 500kPln a year lol and not to mention the cash business that goes on.
Strzelec35 28 | 1,614
27 Feb 2021 #25
you have no clue on any percentages. I would say 10 percent of society is also connected with organized crime somewhere and some of that dirty money infiltrates them or their organizations or their fskturas. I still stand by my mafia statement. only mafia can make that kind of money in Po

and even govt agents or politicians dont without being connected to it.
cruisepatron 1 | 129
27 Feb 2021 #26
10% of the Polish population makes over 500kPln a year

I'm sorry but your math is totally off here. Do you realize that 1% of 38 million is 380,000 people? so 10% polish population means 3.8 million people? HOWEVER, total number of millionaires in Poland is just 116,000 as per the latest data released at the end of 2019.

Less than 1% in Poland make that kind of money.

en.wikipedia.org/wiki/List_of_countries_by_the_number_of_millionaires
Strzelec35 28 | 1,614
27 Feb 2021 #27
mafia or organized drime make that kind of money tho.
cruisepatron 1 | 129
27 Feb 2021 #28
They do but how many of them are there? Even in mafia there are ranks... overall it would still fall under 1% of population.
Strzelec35 28 | 1,614
27 Feb 2021 #29
yea but many i dustries they have their hands including politicians. or those funneling or laundering their money like lawyers etc.
Cargo pants 2 | 1,104
27 Feb 2021 #30
but how many of them are there?

Eg:Only in Warsaw walk around and see those commercial condos,all one need is 2 of 140/150 sq m of them and one is a millionaire in USD.Most of them rent for 20 to 30k PLN netto.I never agreed with that data you posted as also in USA they once said if you make over 500K a year you in the first 5% bracket.I know small businesses,bars etc make over 500k CASH.A good c store or liquor store or a gas station with store makes over 250 or 300k cash.


Home / Work / Is 400000PLN per year a very high salary in Poland? If so, what kind of job can make this money?
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