Where to earn the highest average salaries in 2024

Singapore ranked top in Asia by paying US$4,350 on average, while Hong Kong came in 23^rd globally at US$3,070.

Though money is not the only consideration when deciding to take a job or not, it is always good to be well paid.

According to the latest report by CEOWORLD magazine, employers in Switzerland pay the highest wages (on a monthly basis) at US$8,111 on average among 196 entries in the ranking, followed by Luxembourg (US$6,633), the United States (US$6,455), Iceland (US$6,441), and Norway (US$5,665).

Top 10 highest-paying countries in 2024:

1. Switzerland (gross average monthly wages: US$8,111)
2. Luxembourg (gross average monthly wages: US$6,633)
3. United States (gross average monthly wages: US$6,455)
4. Iceland (gross average monthly wages: US$6,441)
5. Norway (gross average monthly wages: US$5,665)
6. Denmark (gross average monthly wages: US$5,642)
7. Canada (gross average monthly wages: US$5,081)
8. Greenland (gross average monthly wages: US$4,665)
9. Ireland (gross average monthly wages: US$4,622)
10. Netherlands (gross average monthly wages: US$4,581)
    

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In Asia, Singapore ranked top by paying US$4,350 on average. Globally, the Lion City ranked 11^th.

Its counterpart, Hong Kong, came in 23^rd globally with US$3,070 on average.

Global ranking and gross average monthly wages of Asia markets 2024:

  11. Singapore (US$4,350)
  23. Hong Kong (US$3,070)
  29. Japan (US$2,476)
  32. South Korea (US$2,180)
  35. Macau (US$2,114)
  44. Taiwan (US$1,763)
  46. Brunei (US$1,708)
  63. China (US$1,122)
  71. Maldives (US$920)
  73. Malaysia (US$855)
  85. India (US$628)
  97. Thailand (US$508)
104. Vietnam (US$448)
120. Indonesia (US$344)
127. Myanmar (US$290)
128. Philippines (US$286)
131. Bangladesh (US$268)
137. Cambodia (US$215)
140. Nepal (US$198)
146. Sri Lanka (US$143)
151. Laos (US$108)
192. North Korea (US$37)

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The report also revealed that the highest-paying jobs can be found in the finance, insurance, electricity, mining, information technology, retail, and education sectors.

On the other hand, per the report, the lowest-paying sectors are administrative support, hospitality, and construction.

However, the report reminded about other important factors to consider when comparing salaries in different countries, such as inflation and geo-political risks.