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Again and again the question arises what certain professional groups actually earn. The most frequent question was "What does a doctor actually earn" with you. Wage transparency is not necessarily an issue that we are known for in Switzerland.
But we have done a lot of research and have of course provided you with the sources at the end of the article. The aim of this article is not to make some people frustrated about the high salaries of others. Rather, it is about transparency and motivation. Furthermore, we address the High income trap which shows that a high income does not automatically lead to wealth.
If you have any more questions on the topic, we look forward to an exchange in the comments!
Are you a HENRY? HENRY stands for "High earners, not rich yet". In Switzerland we have relatively high salaries and so we also have many high earners. But a high income does not mean that someone is or will become really wealthy. Because in the end it depends on what you do with your income.
Networth = assets - liabilities
Whether you are a civil engineer or a construction worker, the bottom line for net worth is how many assets you have created and how much debt you have.
We hope that you will not only get a high income, but also Making money work for you. Just like Warren Buffett's saying "if you planted a tree years ago, you can lie in the shade today". To do this, you minimize consumer debt and invest in viable assets.
226,924CHF is what salaried Swiss doctors earn: Across all disciplines, this is the average wage. This includes many upward, but certainly also downward swings. In dermatology it goes up to 278k, while in gynaecology it is 222k and in primary care 169k on average.
If you earn more than 500k a year as a doctor, you are among the top 5 percent of our doctors. However, more than 50% of the employed Swiss doctors earn less than 200k per year.
320,209CHF is what self-employed Swiss doctors earn: Across all specialisms, this is a high average salary. Many upward, but certainly also downward, fluctuations are included. For self-employed surgeons we are talking about an average of CHF 502k and for self-employed psychiatrists CHF 214,000 per year.
The top earners are located here at 640k and the lower 50% at 256k per year.
Not bad at all, is it? Let's see how our teachers are doing!
Source: Federal Office of Public Health
How much does a teacher earn on High school? Teachers at Swiss grammar schools earn the most due to their training. The average starting salary in 2020 is CHF 101,434. The highest earners at Swiss grammar schools earn an average of CHF 156,474. The canton of Zug is currently clearly in the lead, followed by Zurich, Thurgau and Valais.
How much does a teacher of Secondary school? If the seconds are averaged together, the average starting salary in 2020 is 90,831 Swiss francs. For top earners, the figure is 137,354 francs per year.
How much does a teacher earn at Primary school? For primary school teachers, the average starting salary is CHF 77,835 and for maximum earners it is CHF 117,672 averaged over the whole of Switzerland. Geneva and then Zurich are among the best-paying cantons.
Some people would still mention the many days of vacation, but a (dedicated) teacher would be able to point out the amount of work during the holidays 😇. Therefore we will now go on to the pilots.
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
How much does a pilot earn on short distances?
In 2018, a co-pilot at Swiss received CHF 76,000 per year. After the pandemic, this may have stabilised and probably improved significantly.
How much does a co-pilot earn on long-haul flights? On long-haul routes, co-pilots were already earning around 100,000 francs a year. An appropriate compensation for the responsibility and time demands on long-haul flights. Even if it could be more, couldn't it?
How much does a pilot make as captain? As a captain, things are already looking better at Swiss. For short distances, it's 148,000 francs per year and for long distances, after a certain number of years of service, it's around 210,000 francs per year.
While in 2020 the number of flights is rather low, some lawyers can hardly save themselves from work. There was time to argue for some. So what is the situation for Swiss lawyers?
How much does a lawyer earn on average in Switzerland? Anyone who has made it through the lengthy studies can look forward to adequate remuneration as a lawyer. According to Wage analysis more than half of all Swiss lawyers earn more than CHF 144,000 per year or more than CHF 12,000 per month.
The range is generally between CHF 8,334 and CHF 24,167 gross per month and increases rapidly with professional experience. The graph of work experience and increasing salary runs (with curves) like a ramp with a 45° gradient upwards!
By the way, it is exciting to observe that Women in recent years have been able to claim 27% more salary than men. For while the wage increase for men was 17%, for women it was 44%! The analysis does not reveal the absolute situation between the sexes. But the increase is considerable. Incidentally, lawyers earn best in Zurich, Basel and then Geneva.
Source: https://www.lohnanalyse.ch/ch/loehne/details/rechtsanwaltrechtsanwaeltin.html
You have repeatedly asked how much a Federal Councillor earns. So let's take a look at Bern.
How much does a Federal Councillor earn? While Italy voted in favour of reducing the size of parliament, we in Switzerland cannot necessarily complain about too many decision-makers. We have seven federal councillors who decide on all business by majority vote. But what do they actually receive as compensation?
In addition to a representative vehicle and a separate company car (charged at 0.8% of the new price), a 1st class public transport ticket and a GA travelcard for cable cars are also available for travelling. Helicopters and aeroplanes can of course be used on duty. Flat rate There is still CHF 30,000 per year available for expenses.
So far, so good, but what about salary? A Federal Councillor currently receives CHF 454,581 per year.
A political career can therefore definitely be worthwhile. Nevertheless, the same applies to all high earners as to all normal earners: your expenses determine your wealth. That's why we have 2 tips for you:
Career starters are often interested in salaries in various sectors. The above salaries are also repeatedly brought up in other discussions. Of course, these do not always represent the typical income and so you should not be bothered if you earn less than a self-employed doctor. On the contrary - we are convinced that good work should be remunerated accordingly. And if you earn more, you can spend more elsewhere and thus give something back to the community.
Furthermore, as is well known, one does not become rich by the money one takes in, but by that money which one does not spend. Thus a craftsman can easily build up a fortune, while a banker lives from salary to salary with high living costs.
No matter how high your income is, we always advise you to Build up a nest egg, Investment Strategy design and take control of your own finances!
Do you have any more questions or suggestions on this topic?
Leave us a comment there!
Sources:
One Response
I think teachers' salaries are absolutely fair according to the latest study.... https://www.kibemo.ch/blogs/news/der-grosse-kantonale-lohnvergleich-fur-lehrpersonen-in-der-schweiz