Not all jobs are created equal, a study on average salaries across Germany has shown. At least according a report — released by Career networking site XING (a competitor of LinkedIn) — about income averages in many of Germany’s biggest fields.
Those working in hotels and restaurants may find the survey results to be particularly displeasing. That’s because the food and tourism industry has the lowest average salaries at only €50,319 per year.
Runner-up for lowest pay is the Marketing and PR branch, where professionals earn an average of €51,272 every year.
This year’s big winners in terms of salary are those in banking and financial services. The study found an average of €83,371 across the board. Not far behind is the insurance industry at an €82,554 annual average and consulting jobs with €75,956.
According to the study, average income across all industries was €67,65. That of way above the national German average of €36,420 a year.
On top this year for highest average income is Frankfurt’s home state of Hesse, where the average Xing member earns €72,799. Bavaria and Baden Württemberg weren’t too far behind with €71,777 and €70,701 respectively.
Lowest on the totem pole was the eastern state of Saxony-Anhalt, where an average worker earns only €52,421.
The company surveyed over 12,000 of its users about their salary, location and working area for its 2018 study on salaries.