Starting your career? Switzerland offers the highest entry-level salaries in Europe

 
Jasper Jolly
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Swiss salaries are highest for entry-level and middle manager professional jobs (Source: Getty)

British millennials entering the labour market who are chasing the most cash possible might be best advised to up sticks and move to Switzerland, according to data to be published today.

The median salary for entry-level professional jobs in Switzerland, at £68,959, is almost three times the size of the equivalent in the UK, at 26,000, according to analysis by financial services giant Willis Towers Watson.

UK salaries for people starting their careers in a profession come in only 14th across Europe in sterling terms, albeit thanks in part to the weakness of the currency.

Read more: Hospitality industry reports rising salary pressure for temporary workers

In terms of relative buying power, taking into account tax rates and living costs, the UK comes in eighth, although pay is still almost £20,000 less than in Switzerland.

Yet by the time Britons reach middle management they quickly climb up the ranks, to 10th in Europe in gross terms and fourth in purchasing power terms.

Tom Hellier, UK practice lead for rewards at Willis Towers Watson, said: “Although dependent on prevailing exchange rates, this data shows that from a cost perspective the UK remains relatively attractive for business compared with European peers.

"However, staying open to talented workers with fast-growing emerging economies will be critical to realising the UK’s long-term growth potential and employers also need to be mindful of the total package; for example in some countries such as the UK, annual bonuses play a more prominent role in addition to base pay.”

Where to go for a well paid starting job?

Entry Level

rank

Middle Manager

rank

Switzerland

68959

1

125890

1

Denmark

45194

2

85038

3

Norway

42822

3

73044

8

Germany

40650

4

85261

2

Luxembourg

39957

5

82540

4

Belgium

36550

6

74666

7

Austria

35863

7

75696

5

Netherlands

34155

8

74714

6

Sweden

33814

9

63202

12

Finland

33202

10

59904

14

Ireland

30739

11

72580

9

France

30031

12

66140

11

Italy

26459

13

59247

15

United Kingdom

26000

14

69480

10

Spain

23061

15

60198

13

Slovenia

21094

16

55564

17

Greece

18023

17

57386

16

Portugal

16229

18

46192

18

Czech Republic

12981

19

38899

19

Slovakia

12628

20

35239

21

Poland

11628

21

37011

20

Base salaries for new starters lag European peers, although in purchasing power terms they are slightly better (Source: Willis Towers Watson)

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