October 16, 2023
The recent My Expatriate Market Pay Survey conducted by Employment Conditions Abroad (ECA) provides detailed benchmarking data about expat salaries in various countries. The survey showed that there are ten countries where expats earn incomes that are higher than the global average. The survey covered more than 300 global companies in 170 countries, with more than 10,000 employees around the world providing a rich trove of information and insights.
The survey examined expats’ pay levels across the globe, including data on allowances, benefits, methods of salary calculation and taxes. One focus of the resulting report is a ranking of countries based on expat package costs. A typical expat benefit package for a mid-level manager, aside from salary, includes relocation costs, housing, medical insurance and education among other things.
Based on the economy, population, culture and resources, every country offers various different jobs. There are plenty of international opportunities available and with a little research, you can find a well-paying job in your field of work.
Let’s take a look at the top paying expat jobs in the world:
Doctors earn high incomes in most parts of the world. But there are some regions where highly skilled physicians are paid a lot more. Doctors can also move abroad and establish their own practice while also taking advantage of regular employment. Some of the highest paying European countries for doctors include the Netherlands and Switzerland. The qualifications required for practicing as a doctor include a degree in medicine, a specialization certificate, and a medical license. Doctors can earn $ 120,000 to $ 290,000 annually.
Some of the highest paying jobs in finance include financial analysts, financial managers and financial directors. However, these jobs are mainly centered in Asian countries like China, Singapore, Japan and Hong Kong. Expat professionals with a lot of experience are likely to get the best jobs. Qualifications for a job in finance include a degree in business or commerce and an additional MBA degree. The approximate salary for these jobs us between $ 60,000 to $ 200,000 per year.
Petroleum engineers are rewarded for the difficulty of their tasks with high incomes. In fact any work in oil rigs yields high compensation. Senior engineers with a high level of expertise and skills earn the most. Qualifications required include an engineering degree. The approximate income of a petroleum engineer is $ 40,000 to $ 150,000.
Pilots are among the highest paid professionals. Here too, Asian countries such as China and Hong Kong dominate, in addition to the UAE, Qatar and Saudi Arabia. The qualifications required to work as a pilot is a diploma or certificate in aviation and the average salary is between $ 50,000 and $ 250,000 annually.
Teaching English abroad comes with a reasonable salary. Some countries and regions offer very low salaries such as those in Central America or Thailand, but there are regions where English teachers earn decent wages. Some of the top paying countries offer up to $4,000 per month.
One of the most popular expat industries is Business Process Outsourcing (BPO). BPO executives are often sent abroad as expats to outsourcing countries such as the Philippines and India. Other popular outsourcing destinations include Bulgaria, Belarus, Serbia and Canada. Outsourcing can be of different types, but most expat outsourcing executives earn high salaries along with generous expat packages that include transportation, accommodation, travel, and in some cases also meal allowances. The salary range for outsourcing executives is between $35,000 – $250,000 a year.
This is a broad industry, but even the most limited IT position can earn a high income. There is always a demand for IT jobs in all major cities of the world.
Source: Expat Focus
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