Romanian capital ranks 52 out of 85 best cities for those looking to work in startups, furnished apartment platform Nestpick reveals in a study.
Nestpick is examining the cities via 13 factors synonymous with startup professionals. The factors can be broken down into five important criteria; the city’s Startup Ecosystem, the Salaries on offer in each location, Social Security & Benefits the city offers, Cost of Living, and Quality of Life.
These criteria were further broken down into the following categories; for salaries, average salaries for entry level and experienced positions were taken into account for Project Management, Tech, and Marketing roles. Social Security & Benefits took Income Tax, Health Care Quality and Vacation into account, whilst Quality of Life analysed Gender Equality and Safety in each location. Finally, Cost of Living looked solely at the Affordability of each city.
|Bucharest, Romania Ranks 52 Overall|
|Startup Ecosystem||3.19||Income Tax Score||3.50||Vacation Days Score||4.47||Gender Equality Score||2.14|
|Salary Score||2.43||Health Care Score||3.51||Affordability Score||4.62||Safety Score||4.27|
Note: Scores are out of a maximum of 5 points. In rare cases some cities were tied in rank.
The results show that Singapore calculated as the best place for those looking to work in startups. The Asian hub scored well in terms of healthcare and safety and it’s offerings of a vibrant startup scene, boosting career opportunities.
The ranking places Helsinki as the second best city in the world for startup professionals, ahead of San Francisco and Berlin. Stockholm was ranked the fifth best city.
“Certain cities may offer bigger paychecks, but after considering taxes and living expenses, the return may not be so high. Similarly, professionals should consider quality of life: will vacation days be adequate to visit home? Is healthcare as accessible as you would like it to be?” comments Ömer Kücükdere, Managing Director of Nestpick. “We believe that time taken researching potential employers should not overshadow understanding the best cities in which to work. We hope that our study helps those looking to work in startups identify the cities which may best suit their needs.”
Full results for each of the 13 criteria can be seen on the results page here.