Best expat salaries
The highest expat salaries are found in Switzerland, the US and Hong Kong – according to HSBC’s latest annual Expat Explorer report.
Moving abroad boosts the average worker’s income by US$21,000, with 45% of expats saying their existing job paid more internationally, while 28% changed locations in search for a promotion.
Switzerland, famous for both sky-high mountains and prices, boosts annual income to US$61,000. Expat salaries there again are the highest, averaging US$203,000 per year – twice the global level.
However, as the best place to live and work, Switzerland ranked only eighth, with the high cost of raising children and difficulty making friends going against it.
Sweden, one of the world’s most gender-equal countries, got top billing for family, while New Zealand, Spain and Taiwan led the way in the experience category.
According to The Business Times, the HSBC survey of 22,318 people uncovered that women trailed on a variety of metrics.
While relocating boosted women’s income by roughly 27 per cent – topping the increase experienced by men – only about a quarter moved to develop their careers, compared with 47 per cent of their male counterparts.
Just half worked full time, and the overall level of education was somewhat lower. Women’s average annual salary was also US$42,000 lower than men’s.