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In recent times it has become a trend to move to different countries for various purposes. This fulfils the motive and at the same time allows you to explore the country. A lot of people migrate to different countries for employment reasons. When your sole purpose for travelling to a foreign land is working and earning, you should be sure if it is going to pay you good returns. To help you and give you a better picture of the average pay of countries, a salary comparison has been made between the top 5 highest paying countries in the following blog.
Also Read: Top 10 highest paying jobs in India
This Blog Includes:
Comparison Between Average Pay
The top 5 highest Paying Countries In the world for 2024 according to the average salaries paid are Switzerland, the United States, Norway, Australia, and Denmark. For you to decide which country is best for you to work in, we will compare all 5 countries on some factors, the first being the average salary.
The following is the average salaries of the top 5 highest paying countries:
Comparison Between Average Highest Pay
For a better understanding, the average highest salary of the highest-paying countries is given in the below table:
| Country | Average Highest Salary |
| Switzerland | 551,400 CHF |
| United States | 421,700 USD |
| Norway | 2,729,500 NOK |
| Australia | 405,600 AUD |
| Denmark | 2,173,000 DKK |
Comparison Between Average Lowest Pay
For a better understanding, the average Lowest salary of the highest-paying countries is given in the below table:
| Country | Average Lowest Salary |
| Switzerland | 30,200 CHF |
| United States | 22,400 USD |
| Norway | 153,700 NOK |
| Australia | 23,800 AUD |
| Denmark | 125,100 DKK |
Salary Comparison Based On Education Level
The level of education creates a very major impact on the salary range. The highly educated employees are served with a higher level of salary. Let’s see the salary comparison between the level of education on pay for different countries:
- In Switzerland, you can earn around 25% higher salary with the education level of a bachelor’s compared to a Diploma
- In the United States also, you can earn around 30% higher salary with the education level of a master’s compared to a bachelor’s
- In Norway, you can earn around 25% higher salary with the education level of a bachelor’s compared to a Diploma
- In Australia, you can earn around 30% higher salary with the education level of a master’s compared to a bachelor’s
- In Denmark, you can earn around 22% higher salary with the education level of a PhD compared to a master’s
Know How to Become an Accountant
Salary Comparison Based On Different Professions
Different professions get paid differently, let us look at several different professions and the average salaries paid to them in a year:
| Professions | Switzerland | United States | Norway | Australia | Denmark |
| Accountant | 91,200 CHF | 65,900 USD | 426,500 NOK | 66,700 AUD | 252,300 DKK |
| Accounting manager | 183,600 CHF | 142,100 USD | 912,800 NOK | 134,700 AUD | 727,400 DKK |
| Accounts Executive | 111,700 CHF | 83,900 USD | 524,200 NOK | 80,900 AUD | 453,200 DKK |
| Audit Director | 215,100 CHF | 150,100 USD | 979.900 NOK | 152,700 AUD | 753,300 DKK |
| Librarian | 75,100 CHF | 58,600 USD | 357,900 NOK | 61,400 AUD | 288,700 DKK |
| Office Clerk | 53,600 CHF | 40,500 USD | 229,600 NOK | 35,000 AUD | 187,300 DKK |
| Secretary | 55,100 CHF | 45,000 USD | 274,000 NOK | 45,200 AUD | 212,500 DKK |
| Artist | 107,300 CHF | 77,400 USD | 515,700 NOK | 78,700 AUD | 381,800 DKK |
| Media executive | 134,700 CHF | 95,500 USD | 597,700 NOK | 97,400 AUD | 485,300 DKK |
| Airline pilot | 209,700 CHF | 161,300 USD | 1,021,800 NOK | 153,700 AUD | 836,500 DKK |
| Mechanic | 49,700 CHF | 34,800 USD | 226,100 NOK | 33,000 AUD | 174,000 DKK |
| Loan Officer | 52,000 CHF | 39,300 USD | 522,000 NOK | 38,900 AUD | 207,800 DKK |
Salary Comparison Based On The Gender
Despite various being made to remove gender differences from the workplace completely, certain factors like the average in some countries still face a minor ratio of difference. With the help of the image, let’s see what is the difference in the average salary of males and females in different countries.
Comparison Of Incentives in Different Countries
All industries have different average incentive percentages on the salary for employees, let’s compare the levels through the help of the following tables:
| Industry | Switzerland | United States | Norway | Australia | Denmark |
| Banking | 3% | 4% | 9% | 5% | 4% |
| Energy | 6% | 8% | 9% | 4% | 8% |
| IT | 9% | 3% | 9% | 5% | 3% |
| Healthcare | 6% | 7% | 9% | 3% | 7% |
| Travel | 6% | 2% | 9% | 3% | 2% |
| Education | 3% | 1% | 9% | 3% | 1% |
| Finance | 9% | 4% | 9% | 6% | 4% |
| Construction | 6% | 6% | 9% | 4% | 6% |
FAQs
The highest-paying country in the world is Switzerland for the year 2024, followed by the United States, Norway, Australia, and Denmark.
The highest-paying cities in the highest-paying countries are:
Zurich in Switzerland with an average income of 137,100 CHF
New York in the US with an average income of 121,800 USD
Oslo in Norway with an average income of 641,800 NOK
Sydney in Australia with an average income of 109,000 AUD
Copenhagen in Denmark with an average salary of 520,900 DKK
Finance, sales, marketing, business development, architecture, advertising, and information technology have a higher rate of bonus across the world.
This blog was a thorough salary comparison made between the top 5 high-paying countries, hope it helped you choose the best country for you to work in. To read more such informative blogs, follow Jobs Abroad. To learn about studying abroad, follow Leverage Edu.
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