Monday, 2 January 2017

New Year, New Career Destination

The start of a new year is often the trigger we need to consider longer term opportunities and goals. Working abroad is an exciting prospect which can bring plenty of opportunities, but choosing a destination that’s right for you isn’t always easy. From earnings to work-life balance; career progression to job security; there are lots of criteria you should consider when it comes to deciding on your next move.

In the latest Expat Explorer survey we asked more than 26,000 expats around the world to tell us all about their careers to help us uncover the best places to work abroad.

The results revealed that Europe is the best region for pursuing an expat career, with Switzerland, Germany, Sweden, Norway, Austria and the UK all featuring in the top 10 countries for a successful expat career.

Top 10 destinations for a successful expat career 
2016 Rank
2015 Rank
Switzerland
1
1
Germany
2
3
Sweden
3
2
United Arab Emirates 
4
6
Norway
5
-
Singapore
6
5
Austria
7
-
Hong Kong
8
8
United Kingdom
9
18
Bahrain
10
7














For the second year in a row, Switzerland is ranked as the best all-round destination for a career abroad; combining the highest earning prospects with a good work-life balance and an excellent work culture. The average annual expat income in Switzerland is USD188,275, almost twice the global average of USD97,419. More than two thirds (69%) of expats in Switzerland see an improvement in their work-life balance and a similar proportion say the work culture is better than at home.


More than half of the expats surveyed across Europe say they enjoy a better work culture than they did before moving. This is particularly true in Sweden, where almost three quarters (71%) of expats agree with this.  


New entrants to the 2016 Expat Careers league table include Norway, which was rated highly for work-life balance. Just over eight in ten (87%) expats in Norway agreed that the balance between their work and home life improved after their move. Another new entrant, Austria, scooped 7th place, with expats here also rating the work-life balance benefits of the country, and praising the work culture.


 Dean Blackburn, Head of HSBC Expat, comments:

“According to our survey, Europe is home to some of the best destinations for a successful expat career. Six European countries have made their way into the top 10 and are recognised for their strong work culture, great work-life balance and relatively good job security.

 “The start of the new year is a good time for expats and prospective expats alike to reflect on what they have achieved to date and start to plan the next steps in their international careers. What’s clear in our survey, is that working abroad offers a wealth of opportunities to suit many different career needs and personal priorities.

“Some expats are looking for an accelerated route to the top of the career ladder, some want to put themselves on a firmer financial footing, while others want to improve their work-life balance. There is an ideal destination to achieve one or more of these goals; and the Expat Careers tool is there to help them find it.”

Where in the world will you be in 2017? Use our Expat Careers tool to plan your next move: expatexplorer.hsbc.com/survey/careers


















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