Question regarding the feasibility of financing

In insurance, fully qualified lawyers are also caseworkers. There are also complex processes.

Which insurance company do you work for? Our lawyers would see that differently

The trend is clearly moving towards avoiding work again. In my industry, people are being sought massively. I get inquiries from headhunters every 2-3 days. Nowadays, I only write that those who want to get in touch should be offering 100k plus bonus plus various packages (Direktversicherung). Then they wave it off. Many want 18 years of professional experience and pay junior salary. They can do that, the disadvantage is fluctuation in the company. Young people train, become more mobile, look at salary and bam, they are gone.

Bachelor —> EG 9
Master —> EG 10

A buddy (Master) started in Bavaria (not Siemens) with EG 10. In the employment contract, the development to EG12 was immediately fixed, after at most 4 years. But of course, it depends on how the position is evaluated.

However, I have to say that I find the above-mentioned 50k for the electrical technician somewhat weak for the region. As a mechanical engineer at a medium-sized company years ago, I already earned more, and here you (still) don’t have to pay 600k for a semi-detached house. Maybe not the optimum was achieved?

But you yourself say it: "after 2 years of professional experience." After 4 years, 80-90k should be possible (possibly through changing jobs), and then 100k is not far off. Of course, sitting out time in the same position can make the whole development take considerably longer.

I am bringing the thread back up for a given reason and will post something new over the weekend.

But this comment shows how misperception is. I can tell you that this case is the exception and certainly no longer really occurs in large corporations. Of course, there are exceptions. But I myself work in a company that pays according to IG Metall and can tell you that chemical engineers with a Master start at EG9 and have to work hard (including shifts) to get to EG10.

I have a PhD and for sure, no EG12 was fixed or promised to me. I work hard to try to gradually follow my own path.

EG12 today is department head with >10 employees (disciplinary, not just technical). So, if a company fixes EG12 after 4 years, then your friend was lucky. That has nothing to do with everyday reality.

Of course, I also know people who perform a lower-rated job but work in a company that so to speak "overpays" them. But that has nothing to do with the norm in Germany.

Those who started 20 years ago started one EG higher than today. But those times are over, and almost all companies downgrade, and the evaluation firms agree with them. Some even try to buy people out so that the old burdens leave the company and they can permanently calculate with new, cheaper and still highly qualified new hires.

So, with 100,000 € in a normal year (without solar thermal system or similar), we are reaching very high and by far do not represent income in, for example, Erlangen.

And let’s not forget: if only one of the two earns 100k€, together they still do not have enough money to put 1 million+ into a house. We are finally talking about gross income.

Over the weekend I will then report on recent experiences in the real estate market.

The trend is clearly going towards avoiding work again. In my industry, people are being sought massively. I get inquiries from headhunters every 2-3 days. By now, I only write back that those who contact me should have at least 100k plus bonus plus various packages (Direktversicherung). Then they wave me off. Many want 18 years of professional experience and pay junior salary. They can do that, the disadvantage is turnover in the company. Young people get trained, become more mobile, look at the salary and bam, they’re gone.

I can confirm that. I also regularly get offers. Then I say that I am a member of IG Metall or tell them the minimum threshold they have to offer me so that I earn 5k€ more per year and that’s the end of it. But these wannabe recruiters act incompetent anyway. They are AÜG intermediaries and don’t even properly read the profile. I then clearly state which information I want if they want my documents and what I must earn at least so that I earn more than now at all. After that, it’s always quickly silent. And no, I can’t even remotely afford a house here.

I just checked quickly. I see 5,819 EUR per month for EG 12 in the IGM tariff tables for Bavaria. Even with 40 hours and 13th salary, you don't get up to 100k. Or is there still a big bonus on top of that?

Although it is seen as an upper limit in the regular year, contrary to many people's assumptions, you normally reach EG12 through many years of performance. Then, a rough calculation for 40 hours: 5,819×13.6+(5,819×12×0.28) Approximately 13.6 (possibly 13.4, I'm not sure anymore) monthly salaries plus 28% performance allowance (maximum rate). Then a few overtime hours or special payments on top. But I wouldn’t count on a fixed €100,000 here either. Because there are some flexible components included. The fluctuations can be quite high, especially if you go on a business trip or to a solar thermal plant. That usually happens less often at EG12, because you are normally a disciplinary manager.