What is the Average Salary in Basel?

As one of the most important financial hubs in Switzerland, Basel is attracting professionals from around the world and as such many people are wondering what the average salary is in Basel. The short answer is that average salary in Basel is CHF 90,604 per year. That’s equivalent to 8,482 francs per month. That said, depending on qualifications, experience, and individual job roles, the salary range can vary significantly.But let’s look at the bigger picture. Basel is in Switzerland’s northwest corner and the third-most populous city in Switzerland. With a population of around 200,000, it’s also the country’s largest metropolitan area encompassing three regions across two countries: Basel-Stadt (Basel for short) and Basellandschaft (or Basel-Country) in Switzerland; and Alsace region of France.Given its economic vitality and range of skills and professions represented in this “Life Science Hot Spot”, higher wages are generally the norm in Basel. The average salary per month in Basel is 8,000 Swiss francs, although this number can change depending on a number of factors, including job industry and position. Those working in science and technology can expect to make slightly more than the average salary in Basel – upwards of 10,000 francs a month.

Job Industries With Highest Salaries in Basel

When it comes to the highest paying industries in Basel, those working in Investment Banking can expect to make between 11-17 thousand Swiss francs per month. But if you specialize in a niche within the banking sector—such as risk management, investments, or commodities trading—you could make between 12-20 thousand Swiss francs per month. Investment banking is also a high-paying sector outside of Basel.Those working in similar sectors—Financial Services, Real Estate, Forex Trading, Quantitative Analysis—can earn salaries ranging from 12-20 thousand francs per month. But salaries increase if you move up to management positions within these sectors.The highest salaries are usually found in pharmaceuticals and biotechnology industries. Those working at higher levels within the industry can make between 13-20 thousand Swiss franc per month.

Salary In Different Sectors Across Basel

Salary levels vary greatly depending on skill sets and job roles within various sectors. Marketing, public relations and IT professionals usually command total salaries starting at around 6,000 Swiss francs per month, with those specialized in data analysis tend to earn slightly more. Lawyers and legal professionals typically have starting salaries between 6-9 thousand Swiss francs per month. Medical doctors with specialized training can land even higher salaries that start at 10-13 thousand Swiss francs a month. The tech sector is growing rapidly in Basel and offers great potential for those looking for software engineering jobs; salaries range from 7-15 thousand Swiss francs for entry-level positions. Those specialized in coding and development, on the hand, can make upwards of 10-20 thousand Swiss franc a month, depending on their exact role and level of expertise. Those who are looking for positions in leading MNCs can expect to receive more attractive offers as compared to those within native companies or SMEs; corporate levels will attract higher salaries as well. That said salary expectations will vary depending on the qualifications, experience and level of responsibility that come with a particular job role.

Cost of Living Considerations

Although income levels across sectors could vary significantly among different categories of employees and ranges discussed earlier could be approximate numbers; based on cost of living considerations and purchase power parity formula; average salaries are clearly lower than in some other countries with comparable levels of prosperity such as UK or US; although average pay-packets in Switzerland are also sufficient to maintain a comfortable living in most areas of Basel. An analysis from Credit Suisse shows that relative purchasing power was highest for people living in Basel (in comparison to other cantons).The cost of housing is relatively high in comparison to other cities and there are some significant rents for those willing to stay outside of downtown areas such as Friedrichstrasse and Dreispitz. Those looking to rent flats can expect to pay at least 1,400 Swiss Francs per month while the figure can easily exceed 2,400 francs per month when renting properties closer to downtown areas. The study by Credit Suisse also adds that while housing rental costs relative to average income levels were highest during 2006-2008, however relative housing costs have since decreased and are now slightly more affordable than other cities around Europe such as Stockholm or Amsterdam for example. On top of renting costs; groceries, transportation, electricity and other services will also affect average salary levels for employees and individuals alike. So for a family of 4 with a two children below 18; the total expenses can easily reach 5,500 Swiss Francs without taking into consideration all other leisure activities such as theatre tickets or trips that require further investments that might further increase costs depending individual preferences.

Conclusion: What is an Average Salary in Basel?

As we’ve seen throughout this article; average salary levels very much depend on position or job industry and can also significantly differ according to qualifications, experience and level within respective sectors. Furthermore cost of living considerations can also influence income levels that must be taken into account when planning one’s budget or financial resources; while housing rental prices may have decreased slightly they still remain high when compared to cities around Europe when considering purchase power parity formulas or relative purchasing power within different regions. Alright so finally; based on all considerations mentioned thus far; we can conclude that average salary for an employee in Basel ranges around 8-10 thousand Swiss Francs per month; with those specialized fields or higher levels of expertise – such as risk management software engineering or law – being able to receive salaries at 12-20 thousand Swiss Francs per month; which eventually will also depend on actual job role held by one person. For more information about salary levels across different sectors and industries check Statistik Website from [Statistik Basel Stadt](https://www.statistik.bs.ch/haeufigkeiten/haeufigkeiten_dop_2).