Everything about the Stockholm tech bubble 👩‍💻 / 🇸🇪 Should you move to the Swedish Silicon Valley?

[@DanielBarrios83]

I'm so happy in a couple of days I'll be traveling there working as a data engineer. I love your channel, great content

[@andsama]

how did you become a data engineer

[@DanielBarrios83]

@@andsama well My profile is electronic engineer… but then I went with many courses te get certified as a big data engineer and big data architect and then I work for some companies and got experience

[@andsama]

@@DanielBarrios83 im a mechanical engineer and i would like to make the switch , i did take few courses from coursera. but so did everyone what do i need to do to get better certifications ..

[@5phoran]

I discovered ur channel in 2022 and I guess this is the best thing that happened to me this year. So much imp information and the calmness n enthusiasm in ur voice is so so so amazing. Great work :)

[@AnastasiaKVL]

Thank you ☺️

[@kabirbaidhya8818]

I love your videos - very educational and insightful. I'm relocating to Stockholm to work as a Software Engineer soon and these stuff have been very helpful to me. Thanks!

[@VasileSurdu]

How was it?

[@kabirbaidhya8818]

Late reply - sorry saw it late :). Stockholm is great - been living here past 3.5 years now. Summers are really beautiful, winters are a little dark and cold but you get used to it. Tech industry is also blooming with a lot of opportunities.

[@datascinerd]

19:25 Thank you! I kept getting opposite opinions on how hard it was to find a job. This makes sense for the tech jobs

[@zeyadelshazly2027]

Thank you Anastasia , your videos are very beneficial and well made , its making me incline towards moving in the country

[@Jonsson474]

Companies like Ericsson and IBM together with tech learning and research from KTH and others is what gave the area of Kista the name the Swedish Silicon Valley. It’s today the largest information and communication technology cluster in Europe and the second largest in the world after Silicon Valley in California.

[@Immersionist]

It's "Kista" (there's no r), if someone wants to look it up...

[@victorgrey6351]

Thank you so much :) Going to be moving to Linköping this summer. Like your videos!

[@stenmeyer5766]

Some things to keep in mind regarding "job security". You don really gave "job security" in Sweden but security of employment. So if the management wants to change your role it is up to them. Also reduction is staff due to lost business, etc. is easier than is France and Germany, and unless negotiated otherwise with the unions employees are laid off in order of time of employment.

[@OfoeNelson]

Because union workers earn more? So you don't advice joining a union

[@LauraOtermat]

Lots of useful information, but I kept expecting you to predict when the bubble would pop. The term "tech bubble" refers to unsustainable growth and isn't a direct synonym of "tech hub." I'm glad you aren't expecting a financial meltdown in Stockholm's tech industry.

[@macxfadz]

Really Appreciate your effort on all these knowledge sharing

[@trewaldo]

This gives me more inspiration to consider moving in to Sweden. Thanks for this insightful video, Anastasia. 🥰🤓😍

[@Remist0]

Your videos are very informative and useful especially for people who are moving to Sweden. Thank you.

[@aliahmad1987]

Interesting video! Seems like you have a larger scene then here in Oslo, but guess the makes sense as Stockholm is larger. Keep up the good work 👌🏽👌🏽

[@erwinargoismanto8348]

Wow free education , great , here in my country, we have to pay quite expensive to afford good education , thumbs for Sweden

[@volodymyrchernov]

You are wonderful and exactly in right time for me ^^

[@sriomchakrabarti1170]

Dublin is growing as the new Silicon Valley of Europe. Can you compare Dublin and Stockholm from tech point of view.

[@fahreddinozgen1234]

haha im gonna be the 1000th subscriber, thx for the useful content

[@OfoeNelson]

Love your presentation. Very chill.

[@Rockingjoes]

Love your videos! All these questions I’ve always wanted to know

[@himanshutarpara4674]

Wow...such a wonderful video with lot of useful information, thanks 👍🙂

[@wilhelmsarasalo3546]

I worked in Stockholm in the 70/s as a car mechanic and assembling furniture to set up new offices. I already spoke Swedish. Then I came to California and started a software company. "Pacific Software" a DBA in L.A. County. I still run that and I have ran that remotely from Stockholm and Helsinki, both. My old Personnummer was no more, which I discovered trying to get DSL back then. I suppose they'll give me a new one. I am a Finnish citizen. California is no longer what it once was. I have ran onto corruption with no recourse. Many of my friends have left. So, I am looking around.

[@MashiroRedo]

I love the WLB of Sweden. The US is all about the hustle and bustle and who makes the most because they did X amount of work or X in their career. I need to move!

[@astronemir]

Is it possible to find work in the south in the same fields? Like Malmö/Lund/Copenhagen area as a dev or data scientist/analyst/engineer?

[@Imbatman177]

If I’m sending emails at night or in the evening to an employees company email shouldn’t they just not check their email until official work hours? Otherwise I’ll just set my inbox to queue and deliver during work hours.. same same

[@sergejsvisockis]

5:58 - none of the EU citizens need to apply for a work permit in Sweden. The only thing which an EU citizens need to have is a valid EU passport. EU passport = residence permit. One more matter required to acquire is a personnummer. That's basically it, what's needed for an EU citizen. I myself moved to Sweden being an EU citizen and lived in couple of other EU countries being Latvian citizen. It's like that in every EU country.

[@TANguyen1893]

Awesome content! I was wondering if there is a particular format that the CV should be structured? I am used to having the standard tech CV having a section for education, skills, work experience, projects, and interests/hobbies. For example in Germany, they require to know about your age, birthplace, and a photo of yourself on the CV. Is this also the case in Sweden?

[@AnastasiaKVL]

I'd say the standard tech CV is more common here 😊

[@alessioquaglino4529]

I think security and WLB in Switzerland are similar to Sweden, the difference in salary is largely due to the fact that CHF ↑ and SEK ↓ over the past 5-10 years

[@lin0412]

Hi Anastasia! Love your content :) I’m curious whether you think Sweden will eventually morph into the Start Up hustle culture as seen in North America? I really really hope not, but with globalization (for better or for worse), do you believe Sweden can maintain its excellent work life balance culture without being tempted to want to “keep up” with the Amazons and the Googles of the world?

[@AnastasiaKVL]

Swedish startups definitely have a strong ambition to 'keep up' with the Amazons and Googles of the world. There are plenty of people who tilt the work-life balance towards work of course, but what I noticed here, it's not expected of everyone to do so, and a lot of government benefits help people to choose taking proper sick leaves or longer parental leave when needed. In my experience here is less pressure to hustle, but if you want to, you certainly can :)

[@buildfromzero]

Thanks, valuable information

[@golden-link]

Thank you. Much love

[@RockStrongoG]

Great video, it provided many useful infos! Now I'm looking forward even more to move there at the end of this month... 😁 Did Covid change the job market in the IT/ Tech area in Stockholm a lot? Is HomeOffice mandatory?

[@AnastasiaKVL]

Thank you! Home office is a very common situation in most tech companies I know, it may not be enforced in all companies. This changes over time too, most tech companies try to follow Swedish health agency recommendations regarding WFH situation. www.folkhalsomyndigheten.se/the-public-health-agency-of-sweden/communicable-disease-control/covid-19/

[@MohamedHashim-u7h]

Hi Anastasia, Thanks for sharing this very informative video. How is the job market in Stockholm for recently certified Full stack developers and data scientists with an advanced degree such as MBA?

[@banchanaluck]

IAR is what i know. Really good one but cost is crazy.

[@jimyjosuerecancojventura9107]

I like the video! I will start my career in university but i have a question, what do you need to become a data scientist? It must have a computer science degree?

[@m.a.majidalkindi2070]

hi anastasia! is it common for swedish tech company to relocate a junior data analyst

[@baghashvili]

Hi, Anastasia! Where did you complete your degree? You mentioned it’s not too important in Sweden but I’d be curious. Thank you for great tips! I definitely consider the country even though I’m not in tech.

[@AnastasiaKVL]

First one in Russia, second one in France. 😊

[@AutriBanerjee]

Nice video! Hopw u grow

[@harishuprabhu1111]

Hi Anastasia, I saw your video thanks for sharing amazing inputs. Can you just guide me approx salary in Stockholm for software engineer 12years exp from India. Also if you can guide on getting apartment initial after getting in Sweden.

[@midnightswamii]

Hi Anastasia! Thanks for the insightful video. I was wondering if it is needed to know how to speak Swedish when working in the tech sector? Or is English predominately used at work? Also was hoping if you can share job search websites for tech jobs in Sweden :)

[@AnastasiaKVL]

most cases you don't need to speak Swedish, but it's definitely helpful. check out arbetsförmedlingen website

[@AR-Exp]

How is the quality of life? Do you deal with traffic? And how much can you save? Are you able to go on an international vacation? I m from California, where they pay you well for tech jobs from $100k - $500k depends on experience, location, company, and skill, Downsides: No proper retirement so you'll need to save for your retirement, the State tax is high and they give benefits only to poor people and not the middle class or rich, traffic is insane, weather is awesome it was 30C the entire last week lol, Food is the best we got all cuisines from all corners the world, entertainment options are endless you can get Disneyland, universal, RC Car racing, MMA, all sports, Vegas is 4-hour drive, city fair, county fair, music festivals, etc, Other stuff like Demolition Derby, Monster Trucks. My question is: What do you folks do for fun after work, activities, is it worth it to work for smaller amounts because I hear the government take a lot of tax? I want to hear your opinion to compare what other countries are doing

[@AnastasiaKVL]

Hello! A lot of your questions call for very subjective answers, quality of life, amount of savings, what you consider to be a fun thing to do after work really depend on ones expectations :) In Sweden, the income tax is progressive and entry level jobs salaries are quite good. This is done to ensure that most of the people, regardless of their income level can have good life quality. Here I mean, they can afford healthy food, transportation, healthcare (which is almost free), they can have a family without having to pay for their kid's education and healthcare. With that said, it's a small country, 10 million people is a quarter of how many people live in California. So entertainment opportunities are limited, there's definitely no DisneyLand, you can go to Lego Land, but it's in Denmark :) This is not a place to earn a lot of money working for a company, but where you don't have to worry to be able to afford healthcare, your children's education, where you can be in the Nature reserve and go hiking within 15 minutes of public transport from your home. Also, about traffic, it's very uncommon for people to drive cars to work in Stockholm, the only traffic I experience is lots of bicycles on a busy day.

[@AR-Exp]

@@AnastasiaKVL Thanks for the update, I watched most of your videos, I got an idea. But why does Sweden have so many Billionaires? I think it is a good place to own a company rather than work. What do you think? Also, there is Legoland 40 mins from my house near San Diego lol :D

[@AnastasiaKVL]

@@AR-Exp in terms of earning money, having a successful company is more beneficial in Sweden, yes :)

[@k.j.hulander2204]

Even supermarket cashiers, cleaners, waiting staff and similar “low skill” workers can afford to go on international vacations in Sweden. It’s not a winner take all society or economy for better and for worse. As pointed out, Sweden is not a place you move to to get rich from employment, but rather a place you go to if you appreciate other values besides money. Plus, the support network for entrepreneurs is great compared to for example the US which means the risks associated with starting a company are much smaller in Sweden. And if you can start a successful company, you can make serious money even in Sweden. Arguably, Sweden is a tax haven for the super wealthy who don’t rely on employment income but rather on capital gains. There are no taxes on property or inheritance which also serve the very wealthy most. Moreover, if you have the means-which those do-you never have to bother with public sector health care or education as there are plenty of schools, clinics and even a few hospitals catering to the very wealthy. Sweden is still a European country so old money (old aristocracy) is still very palpable, especially in Stockholm. All that being said, social mobility is much, much higher than in places like the U.K. or the US. And if you go outside Stockholm you will find an economy where people in basic jobs can afford to live very comfortably in terms of material standard (by European standards large detached homes, multiple cars per household, yearly holidays or a holiday home, etc.). Of course, foreign tech workers tend to aspire to the elite rather than living a quiet life in a small Swedish town, and for people with a “type A” mindset, Sweden won’t be the place or culture to thrive in, but for most people here, it’s a very comfortable and easy place to live. Speaking as a former expat myself, I can compare the lives of my friends overseas to those of my friends and family in Sweden. Many of my friends overseas cannot start families until their late thirties because they need their career and financials sorted beforehand in order to afford children. Here, people have children in their mid-20s without any problem or worries, and ultimately I think that is how it should be (obviously, this is my culturally biased view).

[@majeshirkaku1543]

Is pharma better in swrden?

[@denisleonard1565]

How to find a tech job in Sweden as a foreigner?

[@Sauromannen]

There are lots of opportunities for highly skilled professionals in Sweden. E.g., Northvolt will soon need thousands of well educated personell.

[@NetvoTV]

I live in Malaysia, early 27,graduated with mechatronic degree, after that I pursue my dream to make my self publish origami book, and so some logo design and so on, after I complete them, is it still possible for me to get hired and move to Sweden to work as engineer?

[@akademivetoplum3764]

Dear Anastasia, hi. Would you recommend a USA PhD (they are generally more robust and allows for more experience) or Swedish PhD for finding a job in Sweden? Maybe the latter would be better for networking- interning but I don't know. Do they value more about foreign experience? Thank you for this KZbin Channel. Bien Cordialement, Safa.

[@AnastasiaKVL]

Hi Safa! You are right that swedish PhD could be more beneficial from a networking perspective, but overall there will be a marginal difference when it comes to getting a job in Sweden. It really depends on the company and the role, but actual relevant experience is much more important for the companies. Best regards, Anastasia

[@parthasarkar6607]

Hi.. Liked ur vedio. I am a experienced hotelier. Pls suggest me how can I get a job and live in Sweden.

[@lfernandorg]

I'm looking for a job abroad. Is knowing English enough to applying for a job there, besides other requirements?

[@AnastasiaKVL]

Having skills for the jobs is necessary too

[@Sauromannen]

Luiz, in high tech companies in Sweden it is usually sufficient to be fluent in English (apart from the professional skills).

[@mikeylejan8849]

Sweden looks so nice

[@asraralam2317]

Hi I need some help if you live near kth about accommodation please let me know how to do is wise

[@BlancaDominguez-qf8yy]

How much taxes do Swedish pay for free education?

[@francovega7089]

Has someone told you how sweet you speak? Thank for sharing your own experience

[@albinsjolin649]

Very nice!

[@SanAntonioDean]

Great video! How would you compare Berlin to Stockholm? Berlin is also claimed to be start up hub of Europe. Also, the cost of living is comparatively lesser there. Isn't Berlin the first priority for tech talent to migrate to ?

[@AnastasiaKVL]

Good point! There are some cool places to work in Berlin for sure :) I know that in many cases getting a work permit in Germany is harder than in Sweden due to different requirements. But that of course is not necessarily relevant for everyone.

[@SanAntonioDean]

@@AnastasiaKVL Thanks. Could you also do a video about Gross to Net salary, Income tax, insurance etc. that an employee in Sweden will have to pay. I am also considering moving to Sweden, but I have heard the taxes are too high so I am a bit apprehensive.

[@AnastasiaKVL]

@@SanAntonioDean I have a video about Data Science salaries, but it can give you some indication kzbin.info/www/bejne/gZ_SeXVvbJidh8U Also here you can use a calculator to check how much taxes you'll pay based on the suggested gross salary statsskuld.se/en/jobs/net-salary

[@ash3rr]

I think it's London > Berlin > Amsterdam > Copenhagen > Stockholm.

[@Igoryann]

Настя, большое спасибо за отличный канал!

[@foggycraw6758]

Made in Sweden buy bought buy American companies. Do most swedish businesses plan on staying in europe or is the end goal to sell to the US?

[@AnastasiaKVL]

In my experience, since the Swedish (or nordic as well) market is somewhat small, most of the startups here have goals of global expansion. Some start with Sweden -> Nordics -> Baltics -> Europe -> US, others try to expand directly to US and other English speaking countries, for the added benefit of limited need for language localization and probably a better earnings and marketing potential. :)

[@pckhurana6254]

So nice

[@kaatchef4598]

Job security is overrated, a company can easily lay you off just by stating "lack of work". It does not matter if you have a permanent contract, lack of work and you are out. Please remember get a-kassan and join a union. If you do not you will loose a lot of money when you are layed off.

[@anonymous1177]

Swede here and I disagree with the salaries part. Being employed in Sweden sucks, especially if you earn more than 50k a month due to the tax system. If you earn 45k a month you take home around 32k. Rents in Sweden are extremely high because the government taxes landlords excessively so no one wants to lend :) In Sthlm you easily pay 12k for a very humble apartment. The alternative is to buy one of the overpriced properties and loading on some hundred k in debt. So let's say you spend just 12k on rent you are left with 20k of which you have to subtract all your expenses like food, traffic, vacation and clothing. In the end, you will maybe be able to save 500-1000 kr with a frugalist lifestyle and keep in mind this salary example was with a very high salary of 45k. Usually people earn much less. The reason Sweden has such a low unemployment rate is not that we are so great but that it is just necessary to work all the time, even for pregnant women, in order to be able to save at least some money. So, how to get rich in Sweden? Make your own company :) I am self employed and pay around 20% taxes and still enjoy full benefits like health- and welfare. If you work for someone else here, you literally waste your time.

[@Guildforsucks]

Stop lying lol.

[@mansoorabbasi8132]

T

[@alexanderdiazlarsson829]

What are you talking about? 20% is just the business tax… you need to pay heavy tax on your salary and dividend payments as well lol

[@Mr_Cool]

Sluta snacka skit

[@simhd6844]

Hello

[@uzumaki6131]

First

[@BrandonPMotsilanyane]

Skype wasn't Swedish its Estonian

[@AnastasiaKVL]

it was developed by Swedish, Danish and Estonian developers www.google.com/amp/s/content.dsp.co.uk/history-of-skype%3fhs_amp=true

[@sherifabdellatif4485]

Many thanks Anastasia for this nice, well-structured, and highly informative video. I am a Flutter developer too and it would be nice if you add your LinkedIn link to get connected