Typical salaries for an internship in Munich

I am new in Munich. I am looking for job. But one company offered me internship. They are offering 1200 €/ month and 5 months contract.
Is this salary is ok?

thanks,

for an internship its pretty good. as far as ive seen praktikum rates can vary from €0 to €1500 a month.

of course it depends on what youre doing for it, and what kind of lifestyle you have. it is possible, on your own, to live in munichon €1000 a month or less. but if youre looking for a decent apartment that isnt a room in an old folks home somewhere out in the sticks, youre going to have to be pretty frugal.

some money is better than no money. take it and use the time to look for something better.

I am an intern here at an investment bank in Frankfurt and I would kill to get that salary.

yeah i agree that is a beast of a salary. nearly double what i get for mine.

You are doing an internship with an investment bank and are earning far less than 1200? I know someone who did one with GoldmanSachs in Ffm. He earned 2500, TWOTHOUSANDFIVEHUNDRED! On the other hand he never left before 11 and gained like 20kgs. No wonder, they bring dinner to your desk there, so that you can work while you are eating.

But in my opinion 1200 is a really good salary for an intern. The company where I worked as student had an intern who earned 400.

to my knowledge, not many large employers pay over €800 per month for an internship. Some will expect you to do it for free - you are there for the experience remember.

And for every good intern who is well worth the money, there is another that is too expensive (even if they are free!) because of the time they take up

i agree, thats a fantastic wage for an internship, ive been paid less than half of that by 2 companies in munich/augsburg. its a no brainer if you ask me!

Yeah sounds like a good salary to me. I will do an internship in Munich during the summer and will earn a whopping €0 for those 3 months. A friend of mine did one with Deutsche Bank a few years ago, and she got around the same you're being offered, and the year after with some investment company and she made €2000 a month there, but she did work long hours (and she got a job offer at the end of her internship for after she got her degree).

I need to add that the company where I was working was based in krasse Rödelheim Alda, isch hau disch platt ey!

I had 2 internships last year, and i earned 600 and 500 /month , and as i far as i know, the maximum salary is 800 even at huge companies like Siemens. So i think 1200 is great. It also depends on your qualifications, do you have a university degree?

I'm an intern with a year's contract earning €1200 a month. After tax (about €300) and rent (also €300) it's still enough to live here and, to a certain degree, do what you want without worrying about budgeting too much.

If you like the look of the job and it's only the money you're wondering about, I'd take it! As most people have said on here, it's a decent salary especially when so many other internships pay way less

Fujitsu-Siemens @ Munich paid 1600 five years ago to full-time interns (minimum half a year), citing the higher cost of living there. IBM pays something like 1000 for Munich >_>

Note that unless it's a university-approved internship necessary for your course of study (if you're a student), you'll have to pay taxes.

I'm a univerity student (in the UK) doing this internship as part of my degree as required by my uni. Does this mean I shouldn't be paying taxes??

no, youll still have to pay taxes. i certainly did when i did a uk placement.
as far as i know, the only factor affecting how much you pay in tax is how much you earn - nothing else.

the only non tax paying student declaration anyway is only a statement to say you wont earn above a certain amount i believe.

i think in the uk at least the only benefits you get in such a situation are you still dont have to pay council tax during the internship.

I'm including mandatory insurances into "taxes". And i'm talking about the bracket above 401 Euro, and below the annual 7664 Euro mark.

As a student with a "necessitated internship", you will not have to pay separate insurance premiums, like you'd have to with any regular job.
Lohnsteuer on such an internship will only be deducted if you're already above the 7664 Euro mark.

It's mostly a matter of the company's HR department and tax advisory knowing what they're doing

So, what is the percent of the tax for a foreign intern?

It doesn't matter that you're foreign when it comes to taxes. It is all dependent on how much you earn. I earn €650 plus €250 Wohnsitzgeld (money for being here in Munich just for the internship), which is at a big company. If you're being offered €1200, you're bloody lucky!!

Oh, and one thing you might find strange is the Kirchensteuer (church tax), I was taxed this last month even though I didn't state a religion when I registered, so I rang the KVR and got them to change it, and luckily I didn't have to pay seen as I didn't state any religion in the first place. Was a hassle though, as they kept asking me questions about why I didn't state a religion, whether I was baptised etc.

thanks for info!