Colorado Technical University

I got an offer today from TCS Budapest !!!!!!?

Hi there all This question is mainly for the expats and local hungarians. I'm a Native Dutch speaker who received an offer for Accounts Payable in Budapest. They offered: 350 000 HUF monthly gross base salary Hot meal coupon - 15 000 HUF (after 10 working days) Health Fund membership - 9 000 HUF (after 1 month) BKV pass / Travel voucher / Hot meal coupon (depends on the date of joining) Individual career development training program (after 1 year) Gym facility within TCS premises 10 % discount from Chemol Travel Agency 35 % discount at Alexandra Book Warehouse Discount at Ulpius Warehouse Protector glasses are subsidized ( half of the whole price or max. 20.000 Ft after 6 months) Discounted mobile phone subscription from Pannon Special bank accounts with advantageous rates at Unicredit / Raiffeisen Bank External and internal technical, soft skill, quality trainings just some background info : I'm married, but don't need the luxurious life 1. is this enough? 2. how much is rent 3. how much is it net, after tax approx? thanks all, jimmy btw it's 350.000 HUF before tax. I will be the only person taking care of the income and household

Public Comments

1. Hi Jimmy, 350 000 HUF is about 1200 euros, if you are married and are going to share expenses with your partner, it might be an acceptable salary. Otherwise, I am afraid, it is going to be just enough. I don't know how that company manages with hungarian taxes but after tax your salary will be about 230 000 HUF. Hungarian taxes are high, you pay about 46% of your salary altogether for taxes, health insurance and pension. You can rent a small apartment from 70 000 forints, maybe less if you choose an area in Pest and not close to the the downtown. I hope you don't get discouraged, anyways Budapest is a wonderful city and you might find better choices. Good Luck!
2. I am glad that you were offered a job in this bad economy. 350 000 is about $1,750 a month in USD. Not too bad by Hungarian standards. It is usually common for a co. to pay for your bus, subway month passes, sometimes even internet service at your home if it is job related.A hot meal for lunch is common too. Rents variey depending on how many rooms you need and which district you are in. I would say the average rent in about $400 to $500 per month but a really nice western style flat could cost over $1,000 a month. You might not like the cheaper flats as the standards would be lower then what you are probably used to in the Netherlands. This of course does not include utility costs, parking etc. It's nice that they pay for a gym, I belong to a small one for ladies only that runs me only $40. per month. I know the very nice ones in Budapest can run around $200 or more a month if you are looking for a nice one like in the west. The one I go to in Budapest is a very basic gym and not what I am used to in the states.It suits it's purpose though, I do my yoga at home on my own. food is not too expensive in Hungary if you cook at home. My next door neighbor in Budapest is an accountant and only takes home about $600. per month after the high income taxes.Of course she is college educated and has had the same job for over 15 years. Not sure if your $1,750 is before or after taxes. It is a beautiful and interesting place but don't plan on getting rich working there. Oh Yes, it is only about $40 or $50. per month to purchase individual health insurance, it's helpful that they pay yours, not sure if your spouse is included. It sounds to me like an average wage if it is before taxes for a person with a degree in Hungary. Most Hungarians are able to afford living in Budapest with a lower wage only because they either outright own their flats and pay only for utilities and association fees or they live with extended family that owns the flats or they have cut a deal years ago for a low rental price. Make sure that you will be clearing $1,750 per month after paying taxes. Taxes are very high, about 50% and utlities are also high, in the winter it could run you $200 a month for gas depending on the size of your flat and if you want to stay warm. My husband and I own a small flat in Budapest but are retired from the US and live on a small income from social sercurity.We can live nicely but must not be overly wasteful or we will have to return to work in the states. Just make sure everything is totally clear for you before you take the job. www.budapestinfo.hu
3. Hi all it's me Jimmy on my altenrative yahoo mail. They offered me 400 000 HUF BEFORE TAX, but with the same benefits After TAX it would be approximately accordinging to http://www.nettober.com/ 231 940 HUF AFTER TAX Rent cost would be 45.000 HUF, what do you guys think?