Job Salary Structure in Luxembourg.
An average gross monthly salary of €5,500 is considered to be good in Luxembourg. This corresponds to an annual gross salary of above €66,000 per year, making Luxembourg one of the countries with the highest wages in the Eurozone. With this salary, you can live a comfortable and decent life in the country, including renting an apartment and occasionally eating out.
Knowing the current high-paying jobs in Luxembourg can help motivate you to work hard, sacrifice, and exercise, as well as guide your career path.
Luxembourg is a popular destination for people from neighboring countries and beyond, thanks to its booming economy, numerous multinational companies, and high wages. Beyond these attractive things, it’s essential to know the local salaries before accepting or seeking a job in the Grand Duchy.
Wages are typically determined between an employer and employee in Luxembourg. However, employers must not offer less than the social minimum wage, which increases by 20% if you’re a skilled worker or decreases by 20–25% if you’re an adolescent worker. The social minimum wage adjusts every two years.
Luxembourg’s minimum wage for skilled and unskilled workers.
As mentioned, skilled workers in Luxembourg are entitled to a higher minimum wage than unskilled workers.
The average salary in Luxembourg
According to data from the survey website Pay Scale, the average salary in Luxembourg is €59,923 per year, with the median salaries for popular jobs as follows:
Senior product manager: €87,600
IT project manager: €68,400
Legal counsel: €52,730
Software engineer: €49,850
Financial analyst: €45,000
Luxembourg minimum wage per hour.
An employee must have qualifications or experience equivalent to one of the following levels to be considered skilled:
Education: a recognized official certificate for their profession. This can be a vocational skills certificate or vocational diploma.
Manual skills and experience: a manual skills certificate or certificate of vocational ability and two years of relevant professional experience.
Preliminary certificates and experience: a preliminary technical and vocational certificate and five years of experience.
Experience: if they have no certificate, the employee must be able to provide proof of 10 years of practical experience.
If no certificate exists: if the industry doesn’t have relevant qualifications, the employee must have six years of practical experience.
The minimum wage in Luxembourg:
Collective agreements Some industries decide on minimum salaries and working conditions based on collective agreements between representatives of employers and employees.
These agreements tend to exist in industries that have non-standard working systems. For example, businesses that operate 24/7 or those with unusual hours.
If the relevant industry has a collective agreement, the minimum salary must not be lower than the national minimum wage.
Conditions for Salaries in Luxembourg.
Employers must pay men and women the same salary in Luxembourg for equivalent jobs, and people on fixed-term employment contracts must also be paid the same as those on permanent ones. The regulations also cover part-time employees, who should be paid at the same level on a pro-rata basis.
Working hours in Luxembourg are limited to 40 hours in a standard working week, after which employees must be paid overtime salary. While this rule applies to most people working in Luxembourg, it doesn’t cover directors, managers, or the self-employed.
The legal maximum working day is 10 hours, and the Ministry of Employment must approve overtime. The government allows some sectors to employ staff on Sundays, as long as the work is voluntary and is paid at double the average salary.
While it doesn’t exist in all industries, some employers pay a thirteenth-month bonus to their employees at the end of the year or at Christmas. However, others offer a profit-sharing bonus based on how well the company does in the year.
Average salaries and highest paid jobs in Luxembourg.
According to an OECD Better Life Initiative report in November 2021, only 4% of workers in Luxembourg worked very long hours. There were, however, differences in working conditions for men and women. While the unemployment rate for women is 10% lower than men's, women were more than twice as likely to be employed in low-paid jobs.
Highest Paying Jobs in Luxembourg
Research by Luxembourg’s statistical office states that employees in financial services and insurance earn the highest salaries in Luxembourg, followed by electricity production workers, science and technical professionals, IT workers, and teachers. The lowest-paid jobs in Luxembourg, meanwhile, were in the accommodation and food sectors.
While not the top paid job in the country, OECD’s report also showed that secondary school teacher salaries started at €73,700, putting Luxembourg at the top of the earnings list across major developed countries.
- Lawyers
Salary Range: from 5,780 EUR to 19,100 EUR
The main reason that lawyers earn big wages is because of their high perceived value in the eyes of their clients. A successful lawyer can save/earn you tons of money or can possibly spare you a death sentence.
- Bank Managers
Salary Range: from 5,450 EUR to 18,000 EUR
Being in charge of hundreds of millions in funds and investments with all the associated risks that come along makes managing a bank an extremely critical task worthy of a large salary.
- Chief Executive Officers
Salary Range: from 5,120 EUR to 16,900 EUR
CEOs are primarily responsible for the success or failure of complete organizations. Their huge remuneration is due to the vast scope of impact as well as the risks involved.
- Chief Financial Officers
Salary Range: from 4,780 EUR to 15,700 EUR
Any job that is about managing money automatically qualifies for high pay. CFOs manage budgets, spending, costs, and revenue which directly impact the operations of the organization.
- Orthodontists
Salary Range: from 4,620 EUR to 15,200 EUR
Orthodontists operate in an industry where people are willing to pay high costs for a service, which directly makes Orthodontists among the best-paying jobs.
- College Professors
Salary Range: from 4,120 EUR to 13,500 EUR
College professors are among the top-earning and most prestigious careers. Becoming a professor is not easy and requires persistence which is partly why they earn so high.
- Pilots
Salary Range: from 3,460 EUR to 11,300 EUR
Probably the only career on the list that involves some kind of excitement, nevertheless; pilots undergo rigorous training programs and they are responsible for the safety of thousands of people every day.
- Marketing Directors
Salary Range: from 3,130 EUR to 10,200 EUR
Marketing directors are in charge of increasing the revenue of their organizations. They are directly responsible for generating business and they are well paid for that reason.
- Surgeons / Doctors
Salary Range: from 8,430 EUR to 28,000 EUR
Surgeons top the list of the highest paying careers due to the critical nature of their job. A surgeon’s profession involves high risk and requires extensive knowledge and a long learning path; the necessary ingredients for a high-paying career.
- Judges
Salary Range: from 7,100 EUR to 23,500 EUR
Judges earn quite high salaries because of the huge responsibilities associated with their job. Deciding people’s fates is not an easy task and the high wage is perfectly justified.
Like in many other countries around the world, the highest paying jobs in Luxembourg are those which require lengthy education and training, as well as dedication and great responsibility. Embarking on one of these careers certainly promises a long journey, but their hefty salaries are worth the effort and the wait.
Speculative applications
Speculative applications are an acceptable way in Luxembourg to contact large companies, particularly by young graduates. You should not hesitate to apply in this way even if there are no job vacancies, as it might get you listed in a database of potential candidates if the company has one.
Industry bodies for advice on speculative applications include:
Hotels and restaurants: Huesca
Finance: Luxembourg Bankers Association (ABBL)
Crafts and manual trades: Fédération Des Artisans (FDA)
Industry and business services: FEDIL
Transport and services sectors: CLC
Frequently Asked Questions
What is the basic salary in Luxembourg?
Luxembourg's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nationwide minimum wage that all workers must be paid. Luxembourg's minimum wage rate for unskilled workers older than 18 is €1,9922.96 per month ($2,142.90) or €11.12 per hour ($12.39.)
Which job has the highest salary in Luxembourg?
Highest-paid jobs in Luxembourg
Research by Luxembourg's statistical office states that employees in financial services and insurance earn the highest salaries in Luxembourg, followed by electricity production workers, science and technical professionals, IT workers, and teachers.
What is a good salary in Luxembourg?
In Luxembourg, a good salary before tax ranges between €5,000 and €6,000 per month and up to €30 per hour, the highest-paid rate globally. Ultimately, anyone getting between around €66,000 per year in Luxembourg is a good earner.
Are salaries high in Luxembourg?
Average salaries in Luxembourg are high compared to the European average. On average, a full-time employee in Luxembourg earned 64,932 euros (source STATEC 06/2021). This figure represents 182% of the European average. However, this figure must be tempered by the atypical nature of the Luxembourg job market.
How much do Luxembourg students earn?
The average salary in Luxembourg is €25,704 and in 2020 the national minimum wage for part-time jobs is between €13 per hour, which ranks them as the country with the highest minimum wage in the world. Consecutively, the minimum monthly wage is fixed at €2,142.
How much can I earn in Luxembourg?
The average salary paid in Luxembourg is 65,854 USD, according to the latest OECD statistics for 2020. In the first place, we find the United States with 69,392 USD. Iceland is in second place with 67,488 USD. Switzerland is in fourth place with 64,824 USD.
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Conclusion
The article "Average Salaries Structure in Luxembourg" proved the actual salary structure in the country.
The article went further to analyze the highest paying jobs in the country of Luxembourg, the minimum wages for skilled and unskill workers, the country's minimum wage per hour, the condition for salaries in the country, speculative applications, and some likely questions about salary structure in the country of Luxembourg,
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