Salaries in Switzerland: In which sectors have wages increased the most?
Despite the pandemic and struggling economy, wages in Switzerland rose by 1.5 percent in 2020, a new study shows.
The Swiss Wage Index, released on Friday by the Federal Statistical Office (FSO) is an annual indicator of gross wage growth by industry.
As the chart below shows, the biggest salary increases were in the IT and other information services, as well as in science and technology (3.4 percent in both cases.)
Next are manufacture of metal products (2.2 percent), followed by trade and repair of cars and motorcycles (2.1) and publishing and telecommunications (2.0).
On the other hand, salaries in sectors like financial services are among the industries with the lowest wage increases.
Negative growth was registered in seven industries, including insurance, utilities, and retail.
What are the average Swiss salaries for various professions?
Workers in Switzerland are among the best paid in the world, but the cost of living here is one of the highest as well.
FSO’s Swiss Earnings Structure Survey of 2018, the last year for which official statistics are available, reports the median monthly wage in Switzerland at 6,538 francs.
Salary platform Lohncomputer lists average monthly earnings estimates culled from various wage surveys.
Here are just a few examples:
- Lawyer: 9,300 francs
- Accountant: 8,125 francs
- Teacher: 7,292 francs
- Bank employee: 6,750
- Architect: 6,250 francs
- Nurse : 5,667 francs
- Carpenter: 5,150 francs
- Hairdresser: 4,375 francs
Other salary estimates can be found here.
If you’d like to find the expected average wage in your industry, check this link.