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I’m having trouble finding good compiled information covering more than a sprinkling of the Americas and Europe, so I figured I’d ask HN. How affordable is it in your country as a resident to attain a respectable degree for a computer science job? By respectable I mean a FAANG would consider hiring you based on the degree and the university (4 year BA/BS minimum). If you can reference affordability to another nation (such as the US, UK, CA, etc.) that’s even better. Please consider typical incomes after taxes if you can. ESPECIALLY WANTED
Figures from Asia: India, China, South Korea, Philippines, Taiwan, Japan, Nepal, Pakistan, Turkey, etc. |
My university fees were about 100 eur / year + books etc. Housing was subsidized by 80% so if you live on the campus on a shared two-bedroom unit you had to pay out of pocket maybe 50 - 60 eur / month. In addition I got a "salary" of 330 eur / month while studying, so not in summer break during which I was doing internship. You can get a student loan as well, up-to 400 eur / month. If you graduate on time the government will pay 40% of your student loan on the part in the excess of 2500 euros.
Under the new system students get paid 250 eur / month + the 80% housing cost (up to a limit), and can get up-to 650 eur / month loan. You are expected to work during the summer and there are still no benefits. If you graduate on time the government will pay 30% of your student loan on the part in the excess of 2500 euros.
After graduating and working for some years you can expect a salary of 3500 - 4500 eur / month which is about 2500 - 3000 eur / month after taxes. Here the salary differences are very small across jobs and tax progression is fairly high as well. Add employer's expenses and 24% VAT and then hardly anyone can afford to hire someone to clean their home once a month so everybody does it themselves instead.
Finnish source: https://fi.wikipedia.org/wiki/Opintotuki