| ▲ | greenavocado 4 hours ago | |
The article has failed to prove that anybody has taken the bait and left. > For the researcher, the qualities must, from an international perspective, far exceed what is customary within the international peer group. The institution receives a maximum of €1 million per researcher for the next five years. Let's be generous and assume you are one of the chosen ones. Your institution will take 20% off the top leaving with you 1million×.80/5 or 160k EUR per year. After income taxes, your take home pay is €90,868.00 or $103k USD. Not bad for the average man, but not good for a top researcher like they want. EUR 160k works out to about $182,640. For that level of income in a top tier institution in a state with an income tax like Johns Hopkins in Baltimore, MD you would take home $121,565, or 15% more. https://thetax.nl/?income=160000&startFrom=Year&selectedYear... | ||
| ▲ | Cthulhu_ 4 hours ago | parent | next [-] | |
This assumes the 1 million is all they get or can use to pay them with. The 1 million is a subsidy, not their salary. Besides, 90K after taxes is upper middle class. 160K / year is 13K / month which is nearly twice the average income of the richest country in Europe (Switzerland) (https://en.wikipedia.org/wiki/List_of_European_countries_by_...), or top 0.1% according to https://www.givingwhatwecan.org/how-rich-am-i. And that's just salary based on that number, it doesn't include other income sources. | ||
| ▲ | zipy124 4 hours ago | parent | prev | next [-] | |
Academic pay is standardised in many EU countries. For example in the UK you can look up union rates of pay. At UCL (I'm still currently affiliated as I finish my PhD) the pay for a professor starts at £82,157 and goes up to a minimum of £139,882 for the top band. There is an additional £4,678 on top as a London allowance. This roughly lines up with your figure per year, so seems reasonable as an allocation of cost. Also there are usually very very generous pension schemes here, so total pay is actually quite a lot higher than stated. In addition there is very generous holiday allowance, 41 days at UCL for instance, since you get extra holidays when the university is closed over certain holiday days. | ||
| ▲ | 28304283409234 4 hours ago | parent | prev | next [-] | |
Assume you are correct, and the Dutch offer a terrible proposition. Yet still they come. | ||
| ▲ | MITSardine 3 hours ago | parent | prev [-] | |
From the article, it sounds more like these funds are the research budget (what you pay other people with). This is quite attractive, students are typically < 200k / PhD, so you can fund quite a few theses with this right off the bat. Basically max out the lab for the grant duration. I don't know what their salaries would be exactly. This is probably most dependent on where they land, as salaries are very often standardized in Europe. There's usually salary grids per institution dependent on seniority with some milestones being merit-based. Quick google search indicates gross salaries for Professor level (mid/late career) researchers to be around 110-165k€ in NL. That seems pretty sweet. It's comparable to what US professors make in the hard sciences, as far as I know, with lower CoL than most areas where professors make similar salaries. And again, salary isn't everything to a researcher. If they can't hire, they're pretty strapped. At this career stage, they're managers, not so much individual contributors. I'd say a maxed out lab for 5 years off the bat is pretty enticing, which also gives time to get up to speed on European funding schemes like ERC grants. I was a postdoc in the US during Trump's reelection and there were several months where my institution and others had completely cut off scientific staff (such as postdocs, research scientists and engineers) recruitment due to NSF defunding and other threats. Even now, they got taxed on endowment and lost basically 10% budget. This is considerable, and a source of stress for researchers and their current/prospective staff. You can't work properly if you're under the Damocles sword of being laid off / having to lay off your staff. | ||