The best salaries in Germany are paid by medium and large companies. See which ones they are, their salaries, and the companies involved!
Living and working in Germany is the goal of many professionals. The reputation of the European country is often consistent with reality, and today we’re going to show you the 20 companies with the best salaries in Germany.
Althoug, salary is determined by a worker’s qualifications, experience, and the size of the company. But did you know that the sector you work in also influences your salary?! That’s right, and if you’re wondering which sectors offer high salaries and what the average salaries are in Germany, a study conducted in that European country has gathered information that answers your questions.
Besides learning about the companies, we’ll also have access to the salaries they pay their employees. Check it out!
20 companies with the best salaries in Germany
The survey was conducted by the Glassdoor portal, which year after year uses data provided by the companies’ own employees regarding different topics. Areas of greatest job growth, salaries, and other information that can make all the difference for those seeking a new job opportunity in Germany, but also in other countries around the world.
Below is a list of the 20 companies with the best salaries in Germany:
20th – Horváth
Horváth is a German multinational company operating in the field of international management consulting. The company employs approximately 1,000 people worldwide and has sales exceeding €196 million. Founded in Stuttgart in 1981, Horváth has offices in Germany, Austria, Hungary, Romania, Switzerland, Saudi Arabia, the United Arab Emirates, and the United States. Employees of this international management consulting firm earn an average of €75,777 per year.
19th – Valeo
Valeo is a French automotive parts supplier. In 2018, the group achieved a turnover of €19.1 billion and employs over 110,000 people in 33 countries and 186 production sites and since then there have been annual turnover. Furthermore, the multinational has 21 research centers, 38 development centers, and 15 distribution platforms. The company pays an average of €75,777 per year in Germany.
18th – Vitesco Technologies
Vitesco Technologies is a German automotive technology supplier. The company develops solutions for electric drives and internal combustion engines. With approximately 40,000 employees, it is one of the highest-paying companies in Germany, paying its employees an average of €76,070 per year.
Highest salaries in Germany – 17th – Bayer
With nearly 100,000 employees, Bayer has its global headquarters in Leverkusen, Germany. The multinational chemical and pharmaceutical company is managed through three divisions (pharmaceuticals, consumer health, and agriculture) and in 2020 generated sales of approximately €40 billion. A Bayer employee in Germany can earn an average of €76,350 per year.
16th – BSH
BSH Hausgeräte GmbH, headquartered in Munich, is a manufacturer of household appliances. It was founded as a joint venture between Bosch and Siemens but is now a wholly owned subsidiary of the Bosch Group. A market leader in Western Europe, BSH holds a market share exceeding 20% ​​and has 38 factories across Europe, the USA, Latin America, and Asia. Employing approximately 60,000 people, its German employees earn an average of €76,387 per year.
15th – Infineon Technologies
Infineon Technologies is the largest German semiconductor manufacturer. It was founded in 1999 when the semiconductor operations of its former parent company, Siemens AG, were spun off. Infineon has approximately 46,000 employees and is one of the ten largest semiconductor manufacturers in the world. It is one of the companies with the best salaries in Germany, paying its workers an average annual salary of €76,425.
14th – Evonik
Evonik Industries AG is a German specialty chemicals company headquartered in Essen. It is the second-largest chemical company in the European country and one of the largest specialty chemical companies in the world. Employing approximately 37,000 people, Evonik operates in more than 100 countries. Its employees receive an average of €77,004 per year.
Best salaries in Germany –Â 13th month bonus – Oracle
Oracle is an American multinational technology company. Headquartered in Austin, Texas, the company sells database software and technology, cloud engineering systems, and enterprise software products. The American software and hardware manufacturer pays its employees in Germany an average annual salary of €77,478.
12th – Roland Berger
Roland Berger is an international management consulting firm headquartered in Munich. With 2,400 employees and 52 branches in 35 countries, it has a presence in all major industrial and emerging countries. It is a market leader in Germany and has an annual turnover of approximately €600 million (2018), and growth has been experienced annually since then. It is one of the companies with the best salaries in Germany and pays its employees an average of €78,438 per year.
11th – Intel
With over 110,000 employees, Intel Corporation is an American multinational technology company headquartered in California. It is the world’s largest manufacturer of semiconductor chips by revenue and ranked 45th on the 2020 Fortune 500 list of the largest U.S. corporations by total revenue for nearly a decade. In Germany, Intel pays its employees an average of €80,829 per year.
10th – Novartis
Novartis is a pharmaceutical and biotechnology company headquartered in Switzerland. In 2020, the company sold US$48.7 billion and is considered one of the largest pharmaceutical companies in the world. It is one of the companies with the best salaries in Germany, paying an average of €81,057 per year to its employees.
Best salaries in Germany – 9th – Merck
With nearly 60,000 employees, Merck is a German chemical and pharmaceutical company headquartered in Darmstadt. Merck’s origins date back to 1668, making it one of the oldest pharmaceutical and chemical companies in the world. Merck pays its employees well in Germany, with an average annual salary of €81,440.
8th – Microsoft
Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best-known software products are the Microsoft Windows operating system line, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. The technology company is one of the best-known in the world, and in Germany, it pays its employees an average of €82,070 per year.
7th – Salesforce
Headquartered in San Francisco, California, Salesforce is a publicly traded software company that offers cloud computing solutions for businesses. It is one of the highest-paying companies in Germany, paying an average of €83,277 per year.
6th – Sanofi
Sanofi is a French multinational pharmaceutical company. In the healthcare sector, the company ranks third in the world in revenue (€34.46 billion) and employs more than 100,000 people in about one hundred countries. In Germany, the French pharmaceutical company pays its employees an average of €85,000 per year.
Best salaries in Germany –Â 5th – BCG Platinum
The subsidiary of the Boston Consulting Group is among the top five companies with the best salaries in Germany. Operating in the management sector, the company employs thousands of people worldwide, and in the European country, it pays its employees an average of €87,000 per year.
4th – Porsche Consulting
The management consulting firm and subsidiary of the German sports car manufacturer Porsche pays its employees an average annual salary of €87,682. It is therefore the fourth highest-paying company in Germany.
3rd – Kearney
Kearney is an international management consulting firm founded in Chicago in 1926. Currently, the company has 60 offices in over 40 countries, employs more than 3,600 people, and is one of the largest and most recognized strategic management consulting firms worldwide. In 2016, the company was the highest-paying company in the United States (average salary of US$168,000) and ranks third among the best-paying companies in Germany. Its employees receive an average of €91,061 per year in the European country.
2nd – Nokia
With nearly 100,000 employees, Nokia Corporation is a multinational company from Finland. Specializing in telecommunications, information technology, and consumer electronics, it was founded in 1865 and has its main headquarters in Espoo, Finland, in the Kelsink metropolitan area. The Finnish telecommunications group pays its employees an average annual salary of €96,620 in Germany.
Best salaries in Germany – #1 – Bain & Company
Bain & Company is an American management consulting firm headquartered in Boston, Massachusetts. The company advises public, private, and non-profit organizations and was founded in 1973. This multinational is one of the largest management consulting firms in the world and ranks first among companies with the best salaries in Germany. It pays an average of €100,048 per year to its employees working in the European country.
Read Also: Top 10 Fully Funded Scholarships in Germany for International Students
Companies with the best salaries in Germany
If salary is your primary concern when looking for a job in Germany, we believe the list above can be helpful. However, keep in mind that there are many interesting companies to work for in Germany, and living in another country and gaining international professional experience goes far beyond simply receiving an excellent salary.
