Salary Comparison Of Top 5 Highest Paying Countries

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salary comparison

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

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:

salary comparison

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 States421,700 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 States22,400 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 StatesNorway Australia Denmark 
Accountant91,200 CHF65,900 USD426,500 NOK66,700 AUD252,300 DKK
Accounting manager183,600 CHF142,100 USD912,800 NOK134,700 AUD727,400 DKK
Accounts Executive111,700 CHF83,900 USD524,200 NOK80,900 AUD453,200 DKK
Audit Director215,100 CHF150,100 USD979.900 NOK152,700 AUD753,300 DKK
Librarian 75,100 CHF58,600 USD357,900 NOK61,400 AUD288,700 DKK
Office Clerk53,600 CHF40,500 USD229,600 NOK35,000 AUD187,300 DKK
Secretary 55,100 CHF45,000 USD274,000 NOK45,200 AUD212,500 DKK
Artist 107,300 CHF77,400 USD515,700 NOK78,700 AUD381,800 DKK
Media executive 134,700 CHF95,500 USD597,700 NOK97,400 AUD485,300 DKK
Airline pilot 209,700 CHF161,300 USD1,021,800 NOK153,700 AUD836,500 DKK
Mechanic 49,700 CHF34,800 USD226,100 NOK33,000 AUD174,000 DKK
Loan Officer 52,000 CHF39,300 USD522,000 NOK38,900 AUD207,800 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.

salary comparison

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 StatesNorway AustraliaDenmark 
Banking 3%4%9%5%4%
Energy 6%8% 9%4%8% 
IT9%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

Which are the highest-paying countries in the world?

The highest-paying country in the world is Switzerland for the year 2024, followed by the United States, Norway, Australia, and Denmark.

Which are the highest-paying cities in the highest-paying countries? 

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

Which industries have high bonus rates all over the world?

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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