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.

Outlines

00:00

💼 High and Low Salaries in Luxembourg

This paragraph introduces Luxembourg as a financial hub with high average salaries, averaging around €5,200 gross per month or €62,400 annually before taxes. It discusses the top highest paid jobs in 2024, including surgeons, lawyers, IT directors, investment bankers, finance managers, CEOs, pharmacists, engineers, software engineers, and university professors, with annual salaries ranging from €70,000 to over €200,000. It also mentions the lower end of the pay scale, with jobs like dishwashers, waitstaff, retail cashiers, cleaners, security guards, childcare workers, delivery drivers, receptionists, factory workers, and bartenders earning between €22,000 and €34,000 a year. The paragraph emphasizes that even lower-paid roles in Luxembourg offer relatively high salaries compared to other countries.

05:01

🏡 Cost of Living and Visa Options in Luxembourg

The second paragraph delves into the cost of living in Luxembourg, which is high but balanced by the high salaries. For a single person, the monthly cost ranges from €2,500 to €3,000, and for a family of four, it's between €5,500 and €7,000, including rent, groceries, transportation, and utilities. Rent prices are particularly high, especially in Luxembourg City. The paragraph also covers job opportunities for foreigners, with finance and legal services being the most accessible sectors. It mentions the importance of language skills and lists companies known for hiring international talent. Finally, it outlines the main visa options for foreigners looking to work in Luxembourg, such as the work visa, EU Blue Card, and intra-company transfer permit, noting that the process is streamlined for EU citizens and possible for non-EU citizens in high-demand fields.

Keywords

💡Luxembourg

Luxembourg is a small European country known for its strong economy and high standard of living. In the video, it is highlighted as one of the wealthiest countries in the world with some of the highest salaries in Europe, making it an attractive destination for work and study. The video discusses various aspects of living and working in Luxembourg, including the cost of living, job opportunities, and visa options.

💡Cost of Living

The cost of living refers to the expense of maintaining a certain standard of living in a particular place. In the context of the video, it is mentioned that Luxembourg has a high cost of living, which is an important factor to consider alongside the high salaries. The video provides specific figures for the monthly expenses for a single person and a family of four, including rent, groceries, transportation, and utilities.

💡Salary

A salary is the fixed regular payment made by an employer to an employee. The video discusses the average salary in Luxembourg, which is around €5,200 gross per month or €62,400 annually before taxes. It also lists the highest and lowest paid jobs, providing a range of annual salaries for various professions, illustrating the economic opportunities available in the country.

💡Visa Options

Visa options refer to the different types of visas available for foreigners looking to work in a country. The video outlines several visa options for Luxembourg, such as the work visa, the EU Blue Card for highly qualified workers, and the intra-company transfer permit. These options are crucial for individuals considering moving to Luxembourg for employment.

💡Finance

Finance is a field that deals with the management of money and includes activities such as investment, banking, and accounting. The video emphasizes Luxembourg as a financial hub, which is why finance-related jobs, such as investment bankers and finance managers, are among the highest paying in the country.

💡Technology

Technology refers to the application of scientific knowledge for practical purposes, especially in industry. The video mentions technology as a sector with high-paying jobs, such as chief technology officers and software engineers, reflecting Luxembourg's focus on technological advancement and innovation.

💡Healthcare

Healthcare is the maintenance or improvement of one's health via the prevention, diagnosis, and treatment of diseases. The video highlights healthcare as another sector with lucrative job opportunities, including surgeons and pharmacists, indicating the importance of this field in Luxembourg.

💡Minimum Wage

The minimum wage is the lowest hourly, daily, or monthly remuneration that employers are legally obligated to pay workers. The video provides information on the minimum wage in Luxembourg, noting that even lower-paid roles offer relatively high salaries compared to other countries, which is a testament to the country's overall high standard of living.

💡Multilingual

Multilingual refers to the ability to speak multiple languages. Luxembourg is a multilingual country, and the video suggests that speaking French, German, or Luxembourgish can be advantageous. However, it also notes that English is usually sufficient for jobs in finance and technology, highlighting the importance of language skills in the job market.

💡International Talent

International talent refers to skilled professionals from different countries. The video discusses how Luxembourg actively recruits international talent, particularly in sectors like finance, technology, and logistics, indicating the country's openness to global workforce diversity.

💡EU Blue Card

The EU Blue Card is a work permit issued by 25 out of 27 EU countries to highly skilled non-EU citizens. In the video, it is mentioned as one of the visa options for foreigners seeking to work in Luxembourg, allowing them to work across the EU and providing a pathway for highly qualified professionals to live and work in Luxembourg.

Highlights

Luxembourg is one of the wealthiest countries in the world with high salaries.

The average monthly salary in Luxembourg for 2024 is around €5,200 gross.

Luxembourg has a high cost of living, which impacts the affordability of high salaries.

Surgeons and doctors are among the highest paid, earning from €150,000 to €500,000 annually.

Lawyers and legal professionals earn between €120,000 to €180,000 per year.

IT Directors and CTOs can earn from €140,000 to €200,000 annually.

Investment bankers earn between €130,000 to €180,000 a year.

Finance managers earn between €110,000 to €170,000 per year.

CEOs can earn from €150,000 to €220,000 annually.

Pharmacists earn between €90,000 to €120,000 a year.

Engineers, including civil, mechanical, and electrical, earn from €80,000 to €120,000 annually.

Software engineers make between €85,000 to €130,000 a year.

University professors earn between €70,000 to €100,000 per year.

Luxembourg offers a decent minimum wage even for lower-paid roles.

The cost of living for a single person is about €2,500 to €3,000 per month.

For a family of four, the cost of living ranges from €5,500 to €7,000 per month.

Rent in Luxembourg City for a one-bedroom apartment can cost between €1,800 to €2,500.

Finance and legal services are sectors with the most job opportunities for foreigners.

Luxembourg is a multilingual country, and language skills can be an advantage.

Top companies in Luxembourg actively recruiting foreigners include Amazon, PwC, and others.

There are several Visa options for foreigners to work in Luxembourg, including the work visa and EU Blue Card.

Luxembourg has a streamlined process for obtaining work visas, especially for EU citizens.

Transcripts

hi everyone welcome back today we're

diving into Luxembourg one of the

wealthiest countries in the world and

home to some of the highest salaries in

Europe so whether you're considering

moving to Luxembourg for work or you're

just curious I've got all the details

for you from the top 10 highest paid

jobs to the lowest paid jobs in 2024

plus what it's like to live there the

cost of living insights Visa options and

more so stick around for the full scoop

if you're new I am ashika and I talk

about moving across the world to work or

study and with that let's dive in so

Luxemburg is a Financial Hub with a

strong economy and the average salary

here is quite high as of 2024 the

average monthly salary in Luxembourg is

around 5,200 gross that's 62,400

annually before taxes now while that

does sound amazing keep in mind that the

cost of living here is also on the

higher side which we'll get to in a

later bit let's get right into it the

top highest paid jobs in Luxembourg in

2024 along with the average annual

salaries and these are the dools that

bring in the big bucks surgeons or

doctors earn anywhere from 150,000 to

€50,000 lawyers or legal professionals

get € 120 to €180,000 it directors or

chief technology officers earn anywhere

from €140,000 to €200,000 per year

investment bankers earn anywhere from €

130,000 to 18 180,000 a year and finance

managers earn anywhere from € 110,000 to

€ 170,000 a year CEOs earn anywhere from

150,000 to 220,000 a year and

pharmacists earn anywhere from 90,000 to

120,000

a year Engineers which are civil

mechanical and electrical earn anywhere

from 80 to €120,000 a year software

engineers make from 85,000 to €130,000 a

year and University professors make

anywhere from 70,000 to

€10,000 per year now as you can see

Luxemburg is a paradise for high-paying

careers especially if you are in finance

Tech or Healthcare but on the other side

let's look at some of the lowest pay

jobs in Luxenberg even though these

roles may not pay as high the minimum

wage is still quite decent compared to

many other countries dishwashers or

kitchen helpers make anywhere from

22,000 to 26,000 a year waiters and

waitresses make anywhere from € 23,000

to 28,000 a year retail cashiers make

anywhere from €4,000 to €30,000 cleaners

or janitors make anywhere from € 22,000

to

27,000 security guards make anywhere

from 26 to 32,000 childcare workers earn

between €25,000 and €30,000 delivery

drivers earned between € 24,000 and

$30,000 receptionist earned between 25

and3 32,000 Factory workers between 25

and 34,000 and bartenders between €

24,000 and $30,000 so even for some of

the lower paid roles the salary is still

relatively High considering the high

quality of life that Luxembourg offers

now let's talk about the cost of living

because it plays a big part in

understanding how far these salaries can

stretch in 2024 the cost of living for a

single person is about € 2,500 to 3,000

per month depending on your lifestyle

and where you live for a family of four

you're looking at around 5,500 to €7,000

per month including including rent

groceries transportation and utilities

now rent can be a major expense

especially in the capital Luxembourg

City a one-bedroom apartment in the city

center can cost you around 1,800 to

2,500 a month while outside the city

it's around 1,300 to 1,800 so even

though the salaries are high so are the

living costs especially if you plan on

moving with your family if you're a

foreigner looking to work in Luxemburg

you'll be glad to know that there are

plenty of opportunities especially in

certain sectors the easiest jobs to

apply for for foreigners are in finance

it legal services because these

industries are thriving in Luxembourg

and they're always on the lookout for

international Talent other sectors like

Hospitality retail and construction also

higher foreigners but they typically

offer lower salaries keep in mind

Luxemburg is a multilingual country and

speaking French German or luxemburgish

can be a huge Advantage although English

is always usually sufficient for jobs in

finance and it some of the top companies

in Luxembourg actively recruiting

foreigners include Amazon the PWC C

stream which is basically D SP LX a

Ferrero RTL group ASA mdle European

Investment Bank or EI and sees these

companies are known for hiring

International Talent especially in roles

related to finance technology Logistics

and Consulting so how do you actually

get to Luxembourg for work here are the

main Visa options for foreigners there's

a work visa if you have a job offer from

a company in Luxemburg you can apply for

a work visa there's also the EU blue

card this is for highly qualified

workers it's allows and it allows you to

work across the EU there's the intra

company transfer permit for people

transferring from a company's Branch

outside Luxembourg to a branch within

the country now Luxemburg has a

relatively streamlined process for

getting work visas especially if you're

coming from within the EU non euu

citizens will need to go through more

steps but it is totally possible

especially for high demand Fields now

that's a wrap on today's video for the

top 10 highest and lowest paid jobs in

Luxemburg we've covered everything from

salaries to the cost of living to the

best jobs for foreigners and Visa

options so if you're thinking about

moving to Luxemburg or just curious I

hope this video was helpful and gave you

some tangible insights don't forget to

hit that like button and subscribe for

more such content thanks for watching

and see you in the next video