Average Salary in Switzerland 2024

Unlocking the Secrets of Switzerland's Salary Structure: Delve into the intricacies of Swiss pay scales, as this enlightening article explores the wage gap, salary yearly increments, and breakdowns over levels of education and years of experience. Discover how this coveted nation's compensation system operates, providing valuable insights into the factors that shape salaries and opportunity for advancement. Gain a deeper understanding of Switzerland's salary landscape and empower yourself with knowledge for a successful career in this dynamic economy.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Switzerland in 2024?

What is the average salary in Switzerland in 2024?
9,100USD
(USD 108,500 yearly)
Low 4,100 USD
Average 9,100 USD
High 39,900 USD
If you work in Switzerland, your average salary will be approximately USD 9,100 per month. Salaries can vary, with the lowest average at USD 4,100 and the highest average at USD 39,900 (actual maximum salary is higher). The mentioned salary includes housing, transport, and other benefits. There is a significant salary disparity between different careers. For specific job titles and their corresponding salaries, please refer below.
In comparison with average salary in Switzerland in 2023, salaries changed by +0.4% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison between 2023 and 2024 can be done at the year's end.

Pay Scale and Salaries in Switzerland

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 39,900, 75% of the people earn USD 12,500 or less. 50% employees earn less USD 8,800 or less, 25% of the employees earn less than USD 6,600.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 39,900, 75% of the people earn USD 12,500 or less. 50% employees earn less USD 8,800 or less, 25% of the employees earn less than USD 6,600.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Switzerland the minimum salary is USD 4,100.

Median Salary

With half of the values above and half below it, the median salary in Switzerland serves as the middle point of all salaries in a dataset. This measurement provides a more balanced representation of income distribution and is commonly utilized to determine average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Switzerland the salary ranges from USD 4,100 to USD 39,900.

Annual Salary Increments in Switzerland

What is the average annual salary increment in the Switzerland? How frequently do employees receive salary raises?

Employees in Switzerland experienced an average salary increase of 0.4% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.4%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in Switzerland experienced approximately 0.4% salary growth. It's important to highlight that this figure represents the average across diverse job sectors. Globally, the average salary increase for 2024 stands at 0.4%.

Historical Graph of Annual Salary Increments in Switzerland

On average, employees in Switzerland experienced a salary increase ranging from -2.5% to 4.0% per year in recent years. This translates to an average increment of 0.7% per year.Download chartGet chart linkShare on FacebookShare on Twitter
Switzerland employees have, on average, received a yearly salary increase of 0.7% in recent years. The increment has ranged from -2.5% to 4.0% per year.

Salary Forecast and Trends for the Future in Switzerland

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 1.8%. Estimated range is between 1.0% and 2.8%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 1.8%. Estimated range is between 1.0% and 2.8%.

Gender Wage Gap in Switzerland

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Actual wage gap in Switzerland is 13.8%.Download chartGet chart linkShare on FacebookShare on Twitter
The wage gap in Switzerland currently stands at 13.8%.
It's due to many factors, such as:
  • Gender inequality.
  • On average, women take 10% longer vacations than men each year.
  • Women are less likely than men to have a college degree.
  • Men are less likely than women to assume caregiving responsibilities for children and elderly relatives.
  • Part-time employment is disproportionately dominated by women, who usually earn less than their full-time counterparts.
  • When it comes to occupations, women are more inclined towards lower-paying ones than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree come with numerous benefits. Firstly, it significantly improves career prospects, leading to higher earning potential and increased access to a wider variety of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

The completion of high school and the acquisition of a bachelor's degree offer a myriad of benefits. Above all, it greatly enhances career prospects, resulting in higher earning potential and expanded job possibilities. Apart from financial rewards, pursuing a bachelor's degree fosters personal growth, nurtures critical thinking skills, and provides the chance to specialize in a specific area of interest. It also facilitates valuable networking opportunities and encourages the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative experience that paves the way for a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. underscores an unwavering commitment to intellectual exploration and a promising and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 16%-20% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of roughly 6%-10%. Expertise and leadership gain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 16%-20% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 6%-10%. Expertise and leadership garner higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Switzerland

What is the average hourly wage in the Switzerland?

Average Hourly Wage
53USD
Low 24 USD
Average 53 USD
High 235 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Hourly wages may result in irregular or fluctuating income, making it difficult to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks commonly linked to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disturb work-life balance and make it challenging to maintain consistent routines.
  • Uncertain job security: Job insecurity may be more prevalent in hourly positions than in salaried positions, as they are susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly roles might have restricted possibilities for career advancement, professional growth, or upward movement within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Switzerland

What are the best paying jobs in Switzerland?

List with best paid jobs in SwitzerlandDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Switzerland?

  1. Surgeon (USD 39,500)
  2. Doctor (USD 35,600)
  3. Chief Executive Officer (CEO) (USD 34,000)
  4. Registered Nurse Anesthetist (USD 33,100)
  5. Dentist (USD 31,700)
  6. Airline Pilot (USD 30,600)
  7. Intellectual Property Lawyer (USD 29,600)
  8. Marketing Manager (USD 26,200)
  9. Marketing Director (USD 26,200)
  10. Sales Director (USD 24,600)
  11. Sales Manager (USD 24,600)
  12. Petroleum Engineer (USD 24,400)
  13. Brand Manager (USD 23,800)
  14. Marketer (USD 23,800)
  15. Judge (USD 23,500)
  16. Treasurer (USD 23,100)
  17. Controller (USD 23,100)
  18. Pharmacist (USD 22,600)
  19. Tax Lawyer (USD 22,300)
  20. Lawyer (USD 22,300)
List with worst paid jobs in SwitzerlandDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Switzerland?

  1. Cashier (USD 4,300)
  2. Childcare Worker (USD 4,500)
  3. Stock clerk (USD 4,600)
  4. Elder Care Worker (USD 4,600)
  5. Receptionist (USD 4,800)
  6. Bartender (USD 5,200)
  7. Food and beverage server (USD 5,200)
  8. Janitor (USD 5,200)
  9. Waiter (USD 5,300)
  10. Tour Guide (USD 5,400)
  11. Customer Service Representative (USD 6,500)
  12. Hotel Concierge (USD 6,500)
  13. Rehabilitation Counselor (USD 6,600)
  14. Travel Agent (USD 7,200)
  15. Secretary (USD 7,400)
  16. Painter (USD 7,600)
  17. Carpenter (USD 7,900)
  18. Bus Driver (USD 8,100)
  19. Artist (USD 8,100)
  20. Truck Driver (USD 8,300)
List with best paid industries in SwitzerlandDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 25,200)
  2. Business and Management (USD 21,500)
  3. Marketing and Sales (USD 19,700)
  4. Engineering (USD 18,200)
  5. Law (USD 17,300)
  6. Accounting and Finance (USD 17,100)
  7. Computer and Information Technology (USD 16,800)
  8. Transportation and Logistics (USD 16,400)
  9. Science (USD 16,200)
  10. Education and Training (USD 13,500)
  11. Other (USD 10,000)
  12. Hospitality and Tourism (USD 8,400)
  13. Social Services (USD 6,900)
  14. Services (USD 6,300)