Salary Around Europe
Should you Brexit? Study reveals which European country your job would make you most money in; from Spain for bus drivers to France for doctors. Imagine if you knew that you could do the same job you love, but make much more money at it, work fewer hours and have longer holidays. This is all easily achievable - you just need to move to a different country! However, this can of course come with the added benefits of better weather, higher standards of living, delicious cuisine... And now there's a quick and easy way to find out where you should be living according to your career. Credit comparison website TotallyMoney.com has created a handy jobs infographic which illustrates how European countries compare to one another, based on salary, average hours worked per week, and paid leave (based on the top 10 countries in Europe that Brits migrate to, including the UK) and it reveals some interesting results.
Germany, the economic engine of Europe, ranks as the top country to work in. German workers, living up to their stereotype for being hardworking and efficient (we don’t hear about the superiority of German engineering in car ads for nothing!), may not boast the highest average salary (that distinction belongs to the Netherlands, in fourth place overall, where people earn on average £39k a year), but they work the fewest hours per week (26), and have one of the lowest living costs. In second place is France, with the highest paid leave (30 days per year), and so it is apparent the republic has a healthy regard for a good work/life balance; they have even suggested a law banning out of hours emails, so called the "right to disconnect".
Whilst it is clear that no countries are equal, neither are job benefits, and the study found that depending on the type of work you do, some countries offer better rewards than others – to explain in its simplest terms, you would far prefer to be a lifeguard in Portugal than in Britain!
So where should you work, depending on your job? TotallyMoney.com has created a handy interactive tool where you can choose your profession, and compare the pros and cons of working in each country. So if you're a bus driver, you should head for Spain (followed by Greece or Cyprus), while chefs will do best in Sweden, followed by Spain and Portugal. Electricians will make most money in France (followed by Greece and Spain), and IT consultants should head for Germany (then Greece and Spain). Britain, however, is the best country to work in if you are a train driver, airline pilot or accountant.
But what is the overall mood anyway? Are Brits going to up sticks and head to Europe? Or are we happy with what we have? Well, again, this depends on your chosen career. TotallyMoney.com also commissioned a survey (1,500 people; via OnePoll) which found that 1/3 of Brits feel over - worked, with 55% also feeling underpaid - and, perhaps as a result, over 55% of Brits have considered moving to a different country. However, leaving family and friends is the biggest worry for Brits when considering moving to a different country. Those who work in the energy and utilities sector are the most keen to leave the UK (73%), while people who work in insurance and pensions are happiest to stay (only 37% want to leave) – maybe because, working in insurance, they don't like to take risks?
'I think people will be surprised when they see the results of our study,' says Joe Gardiner from TotallyMoney.com.
'It might inspire them to think about moving abroad, when they see they could earn more elsewhere for doing the same job they love. Sometimes a change of scene is, as they say, as good as a rest - with the added bonus of making you even more money. And with the trigger about to be pulled on Article 50, you might want to start packing your bags sooner rather than later.’
Full dataset available on request.
For more information, please contact James McCaffrey
TotallyMoney is on a mission to improve the UK's credit score, with their free credit report at the heart of this goal. Today, TotallyMoney is the highest rated free credit report provider on Trustpilot, and has over two million customers (and growing!). They've also won Best Free Credit Report Provider at Moneynet's Personal Finance Awards every year since their launch in 2017.