Salaries in Luxembourg: these professions which pay very big according to a study
Luxembourg is one of the European countries where salaries are the highest. Cross-border workers from Lorraine who go there confirm this. That said, as everywhere, among our neighbors, the sector and seniority influence remuneration. So, what is the remuneration according to the sector of activity and professional experience in Luxembourg?
According to an article from our colleagues at Actu published on November 18, this is the question that the recruitment firm Hays tried to answer. The latter therefore carried out a study on salaries in Luxembourg. This study shows important differences between professions and experience levels. We take stock of all this in this article.
150,000 to 250,000 euros gross salary per year
Luxembourg is not a country like any other. It is indeed a paradise for executives who want to hit the jackpot. According to the Hays study mentioned in the introduction, here is dream salaries for executives the luckiest after 8 years of experience.
Among our neighbors, information directors in management are sitting on a pile of gold. So they win between 120,000 and 250,000 euros per year. A partner, compliance officer or risk manager in the legal sector is even richer.
In fact, they can pocket up to 200,000 euros per year. Industrial site directors are not left out, as their salaries range from 150,000 to 250,000 euros. In addition, after 8 years of experience, industrial site managers can earn 180,000 euros per year.
To give you an idea, it’s as if they touched 15,000 euros per month. Do you think these salaries are reserved for a few privileged sectors? Think again, because in Luxembourg, there are plenty of jobs that bring in more than 150,000 euros per year.
Still according to Hays’ study, here is some examples of professions which save more than 150,000 euros per year:
- Building operations manager
- IT Sales Director
- Sales director
- Head of Information Security in Technology
- IT manager in technology
- Project director in management
- Tax manager
Note that these figures do not take into account benefits in kindbut only gross annual salaries.
Wage gaps in Luxembourg and France
Do you want to know why working in Luxembourg is a dream for many? To do this, simply compare salaries with those in France. Indeed, to achieve this, we will base ourselves on data from the Travail En France site.
Recently, this news site published an article onr the 30 most profitable professions in France. Here are the top 5 of these 30 most profitable professions, with their gross monthly salary:
- Psychiatrist: 6,300 euros per month
- Doctor: 5,800 euros per month
- Surgeon: 5,000 euros per month
- Dentist: 5,000 euros per month
- Nutritionist: 4,500 euros per month
By doing the calculation, we realize that a French psychiatrist wins 75,600 euros gross per year. That’s almost half as much as an industrial site manager in Luxembourg! As a reminder, a director of industrial sites in Luxembourg receives on average 150,000 euros gross per year.
And that’s not all, because according to an INSEE study on private sector salaries in 2022, only 1% of French people earn more than 11,206 euros per month. In Luxembourg, according to the figures we have mentioned, 1% of employees earn around 18,000 euros per month.
A gap that risks growing further in the future?
If the salary gaps between France and Luxembourg are already enormous, they will perhaps increase further. For what ? In Luxembourg, a new salary increase is looming. This is planned for 2024.
Indeed, next year, the National Institute of Statistics and Economic Studies (Statec) plans toindex the salaries of Luxembourgers to inflation. As a reminder, throughout Europe, inflation is at a high level.