Average Salary in Switzerland For Indian Students
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The average salary in Switzerland is the highest in the world. It is between INR 3.9 Lakhs and 4.4 Lakhs per month for Indians. Most of the Indians living in Switzerland are employed in the Engineering, Information Technology, Pharmaceuticals, and paramedical sectors.
Apart from top-ranked universities, and an impressive education system, Switzerland is famous for offering job opportunities in various sectors with high-paying salaries. According to salary explorer, the average salary in Switzerland is CHF 124,000 (INR 1.2 Cr) per year. This amount is much higher than the average salary in India which is INR 8.75 Lakhs annually. If you are an Indian student who is going to work after studying in Switzerland, then you should have an idea about the salary in Switzerland.
This is an important factor in deciding your cost of living in Switzerland. According to the Organisation for Economic Cooperation and Development (OECD), the average salary in Switzerland CHF 57,233 (INR 60.50 Lakhs) is higher than the OCED average income, which is CHF 43,515 (INR 40.74 Lakhs). In this blog, we are going to help you to know the average Swiss salary for Indian students, including living expenses,the highest-paying jobs and industry-based salary.
- Average Salary in Switzerland
- Experience Wise Wage in Switzerland
- Salary in Switzerland by Industry
- Highest Paying Jobs in Switzerland
- Cost of Living in Switzerland
- Factors Affecting Average Salary in Switzerland
Average Salary in Switzerland
Switzerland is not only famous for making luxury watches in the world but also for offering the highest average salary in the world. Due to this, it is expensive to live in Swiss cities. Zurich and Geneva are on the list of the top 10 most expensive cities in the world for international students or working professionals to live in.
According to Numbeo, the average salary in Switzerland is the highest in the world followed by Luxembourg, Singapore and USA. These nations are the costliest countries in the world due to strong economies and per capita income.
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Swiss Salary for Indian Students
After completing higher studies and gaining 1 or 2 years of experience, Indian students can expect their average salary in Switzerland INR 4,98,567 per month. This salary is for Doctors and Engineers working in Switzerland. The income potential of these students will increase over time. Most of the Indian professionals are working in Engineering, Pharmaceuticals and other high-paying sectors in Switzerland.
Minimum Wage in Switzerland
There is no rule of National Minimum wage in Switzerland. However, some cantons in Switzerland offer a minimum wage, and it is updated every year. The Canton of Geneva offers CHF 24.32 (INR 2284 approx) per hour to work. A person can work 40 to 45 hours a week so the minimum wage in Switzerland is between INR 3.9 Lakhs to 4.4 Lakhs per month. Here, you need to keep in mind that some Swiss companies offer other benefits to employees apart from their monthly or annual salary for example, cash bonuses and more.
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Experience Wise Wage in Switzerland
Likewise, in other countries in the world, a salary hike in Switzerland is directly proportional to the years of experience you gain. Indian students can expect some percentage hike in their salary or employee benefits. Here we have mentioned some information that will help you to understand experience-wise salary in Switzerland.
| Years of Experience |
Swiss Salary Range for Indian Students in INR |
|---|---|
| 0 to 2 years |
INR 3.9 Lakhs to 4.4 Lakhs per month |
| 2 to 5 Years |
INR 5.1 Lakhs to 5.8 Lakhs Per Month |
| 5+ Years |
INR 7.0 Lakhs to 8 Lakhs Per Month |
| 10+ Years |
INR 9.68 Lakhs Per Month |
Source: Salary Explorer
Salary in Switzerland by Industry
Industry is one of key factors in determining salary. Below, we have mentioned the top industries and their average salary in Switzerland for Indian students.
| Popular Industries in Switzerland |
Annual Salary in CHF |
Average Salary in INR |
|---|---|---|
| Medical | 112,500 | 10,980,000 |
| Financial and Insurance Activities | 116,000 | 11,321,600 |
| Construction | 88,333 | 8,621,301 |
| Scientific & Technical Research | 96,526 | 9,420,938 |
| Arts and Entertainment | 91,000 | 8,881,600 |
| Information and Communication | 88,741 | 8,661,122 |
| Administrative & Support Service | 69,408 | 6,774,221 |
| Accommodation & Foodservice | 61,000 | 5,953,600 |
Source: Payscale
Highest Paying Jobs in Switzerland
More than 27000 Indians are living in Switzerland and most of them are employed in Engineering, IT, Pharmaceuticals and paramedical fields. These sectors offer high-paying jobs in Switzerland for Indian students. These sectors are very popular among Indian students. Here, we have mentioned the list of high-paying jobs in Switzerland with salary.
| Occupation |
Yearly Average salary in Switzerland (in CHF) |
Annual Salary in INR |
|---|---|---|
| Human Resource Management |
104,208 |
98.00 Lakhs |
| Business and Finance |
95,000 |
89.00 Lakhs |
| Software Engineering |
94,403 |
89.00 Lakhs |
| Manufacturing Engineer |
92,136 |
87.00 Lakhs |
| Pharmaceutical |
90,000 |
85.00 Lakhs |
| Sales and Marketing |
90,000 |
85.00 Lakhs |
| Mechanical Engineering |
87,935 |
83.00 Lakhs |
| Software Developer |
83,823 |
79.00 Lakhs |
| Doctors |
75000 |
70.63 Lakhs |
Source: Payscale
Cost of Living in Switzerland
Switzerland is one of the top 5 expensive countries in the world to live in. Accommodation rent, grocery costs, transportation and other expenses are costlier than in India. An Indian student needs INR 145,128 per month to live in Switzerland. This amount does not include the house rent, which varies depending on the city you choose. You must know about the cost of living in Switzerland for Indians before coming here for jobs.
Factors Affecting Average Salary in Switzerland
There is no doubt that Switzerland is a developed nation, but when it comes to gender equality, India is far ahead of Switzerland. Swiss women get less pay than men for doing the same work. As an international working professional, your gender is a factor that affects your salary in Switzerland. However, the Swiss government is taking initiatives against this issue.
Apart from this, educational qualification, industry demand, and working experience are some of the important factors that affect the average salary in Switzerland. For help with university applications, students seeking to study abroad can contact our Shiksha Study Abroad Counsellors. The comments section below allows candidates to contact us as well.
A "good salary" depends on the lifestyle you want here. Keeping the cost of living in Swiss city, CHF 50,000 ( INR 46.76 Lakhs) per year is a good amount to live in Switzerland. This amount can help you to cover your expenses and you can save some amount.
The first-year tuition fees for MBA in Switzerland ranges from INR 20 Lacs – INR 40 lakh. Some of the universities also have the first-year tuition fees above INR 40 lakh. The first-year tuition fees of top MBA colleges in Switzerland are given below:
University | First-Year Tuition Fees |
|---|---|
International Institute for Management Development | INR 89.2 L |
EU Business School - Geneva | INR 36.4 L |
EU Business School - Montreux | INR ?34.6 L |
Also Read: Top-Ranked MBA Universities in Switzerland
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There are several Swiss job portals that offer online tools where you can research the ideal salary for your job profile. Also, you can use the wage calculator available on the official website of the State Secretariat for Economic Affairs (SECO). These tools will help you to calculate Switzerland average salary for your profile.