HIGHEST PAYING JOBS in Luxembourg | Jobs for FOREIGNERS 2024 | Where to move if not UK

Summary

This video offers an in-depth look at Luxembourg's job market, highlighting the highest and lowest paying jobs in 2024. With average annual salaries ranging from €90,000 to €220,000 for top earners like CEOs and doctors, to €22,000 to €34,000 for roles like dishwashers and factory workers. It explores the cost of living, with singles spending €2,500 to €3,000 and families up to €7,000 per month. The video also covers visa options for foreigners and the importance of language skills, providing a comprehensive guide for those considering moving to Luxembourg for work.

Takeaways

• 🏦 Luxembourg is a financial hub with a strong economy, offering some of the highest salaries in Europe.
• 💰 The average monthly salary in Luxembourg is around €5,200 gross, equating to €62,400 annually before taxes.
• 💼 Top-paying jobs in 2024 include surgeons, lawyers, IT directors, investment bankers, finance managers, CEOs, pharmacists, engineers, software engineers, and university professors.
• 🍽️ Lower-paying jobs, despite their lower income, still offer decent wages compared to other countries, such as dishwashers, waitstaff, retail cashiers, cleaners, security guards, childcare workers, delivery drivers, receptionists, factory workers, and bartenders.
• 🏡 The cost of living for a single person in Luxembourg is approximately €2,500 to €3,000 per month, and for a family of four, it's around €5,500 to €7,000 per month.
• 🏢 Rent in Luxembourg City for a one-bedroom apartment can range from €1,800 to €2,500, while outside the city, it's €1,300 to €1,800.
• 🌐 Luxembourg is multilingual, and knowledge of French, German, or Luxembourgish can be advantageous, although English is sufficient for many jobs.
• 📈 Finance and legal sectors are the most accessible for foreigners, with companies like Amazon, PwC, C-Stream, Ferrero, RTL Group, and the European Investment Bank actively recruiting international talent.
• 📄 Visa options for foreigners include a work visa, the EU Blue Card for highly qualified workers, and an intra-company transfer permit.
• 🌐 Luxembourg has a streamlined process for work visas, especially for EU citizens, with non-EU citizens requiring more steps but still having access to high-demand fields.

Q & A

What is Luxembourg known for in terms of economy and salaries?

Luxembourg is known as a financial hub with a strong economy, and it is home to some of the highest salaries in Europe, with an average monthly salary of around €5,200 gross as of 2024.

What are the top highest paying jobs in Luxembourg in 2024?

The top highest paying jobs in Luxembourg in 2024 include surgeons or doctors, lawyers or legal professionals, IT directors or chief technology officers, investment bankers, finance managers, CEOs, pharmacists, engineers, software engineers, and university professors.

What is the average annual salary range for a surgeon or doctor in Luxembourg?

Surgeons or doctors in Luxembourg earn anywhere from €150,000 to €500,000 per year.

How does the cost of living in Luxembourg compare to the salaries?

The cost of living in Luxembourg is on the higher side, with a single person's cost of living being about €2,500 to €3,000 per month, and a family of four looking at around €5,500 to €7,000 per month.

What are some of the lowest paying jobs in Luxembourg, and what are their salary ranges?

Some of the lowest paying jobs in Luxembourg include dishwashers or kitchen helpers, waiters and waitresses, retail cashiers, cleaners or janitors, security guards, childcare workers, delivery drivers, receptionists, factory workers, and bartenders, with salaries ranging from €22,000 to €34,000 per year.

What is the minimum wage like in Luxembourg compared to other countries?

Even though these roles may not pay as high, the minimum wage in Luxembourg is still quite decent compared to many other countries.

Which sectors in Luxembourg are known for hiring foreigners?

The sectors in Luxembourg that are known for hiring foreigners include finance, legal services, hospitality, retail, and construction.

What languages are advantageous to know when looking for a job in Luxembourg?

Speaking French, German, or Luxembourgish can be a huge advantage when looking for a job in Luxembourg, although English is usually sufficient for jobs in finance and IT.

What are some of the main visa options for foreigners looking to work in Luxembourg?

The main visa options for foreigners looking to work in Luxembourg include a work visa, the EU Blue Card for highly qualified workers, and the intra-company transfer permit for those transferring within a company.

Which companies in Luxembourg are known for actively recruiting foreigners?

Some of the top companies in Luxembourg known for actively recruiting foreigners include Amazon, PwC, C stream (DSP LX), Ferrero, RTL Group, and the European Investment Bank (EIB).

What are some of the challenges non-EU citizens might face when applying for work visas in Luxembourg?

Non-EU citizens will need to go through more steps when applying for work visas in Luxembourg, but it is still possible, especially for high demand fields.