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Average Salary in Liechtenstein 2020

How much money does a person working in Liechtenstein make?


Average Monthly Salary
5,310 CHF
( 63,700 CHF yearly)

LOW
1,340
CHF
AVERAGE
5,310
CHF
HIGH
23,700
CHF

A person working in Liechtenstein typically earns around 5,310 CHF per month. Salaries range from 1,340 CHF (lowest average) to 23,700 CHF (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Liechtenstein

Median and salary distribution monthly Liechtenstein
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Liechtenstein range from 1,340 CHF per month (minimum salary) to 23,700 CHF per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 5,420 CHF per month, which means that half (50%) of the population are earning less than 5,420 CHF while the other half are earning more than 5,420 CHF. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 3,040 CHF while 75% of them are earning more than 3,040 CHF. Also from the diagram, 75% of the population are earning less than 14,900 CHF while 25% are earning more than 14,900 CHF.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Liechtenstein costs anywhere from 26,600 Swiss Franc(s) to 79,700 Swiss Franc(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender monthly Liechtenstein
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Liechtenstein earn 12% more than their female counterparts on avergae across all sectors.

Male
5,540 CHF
Female-10%
4,970 CHF
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Liechtenstein

How much are annual salary increments in Liechtenstein? How often do employees get salary raises?

Liechtenstein

Employees in Liechtenstein are likely to observe a salary increase of approximately 4% every 29 months.

Annual Salary Increment Rate Liechtenstein
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Liechtenstein is 2%.

Annual Increment Rate By Industry 2019

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Listed above are the average annual increase rates for each industry in Liechtenstein for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Liechtenstein

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Liechtenstein
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64% of surveyed staff in Liechtenstein reported that they haven't received any bonuses or incentives in the previous year while 36% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
36%
No Bonus
64%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant3,750 CHF
Accounting Assistant3,000 CHF
Accounting Manager7,900 CHF
Bookkeeper2,430 CHF
Chartered Accountant4,880 CHF
Corporate Treasurer7,430 CHF
Financial Analyst7,240 CHF
Financial Manager10,800 CHF
Internal Auditor5,210 CHF

Administration / Reception / Secretarial
Administrative Assistant2,980 CHF
Office Manager4,940 CHF
Receptionist2,090 CHF
Secretary2,530 CHF

Advertising / Grapic Design / Events
Art Director5,450 CHF
Creative Director5,240 CHF
Graphic Designer3,380 CHF
Photographer3,120 CHF

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer6,740 CHF
Air Traffic Controller5,920 CHF
Flight Attendant3,640 CHF
Pilot9,250 CHF

Architecture
Architect6,680 CHF
CAD Drafter2,820 CHF

Automotive
Mechanic1,940 CHF
Service Advisor3,750 CHF

Banking
Bank Branch Manager9,560 CHF
Teller2,130 CHF

Bilingual
Teacher4,040 CHF
Translator4,880 CHF

Business Planning
Business Analyst6,490 CHF
Business Development Manager8,330 CHF
Project Manager6,380 CHF

Care Giving and Child Care
Nanny2,270 CHF
Nursery Teacher2,120 CHF

Construction / Building / Installation
Civil Engineer5,140 CHF
Construction Project Manager8,910 CHF
Health and Safety Officer2,360 CHF

Customer Service and Call Center
Call Center Representative2,080 CHF
Customer Service Manager7,550 CHF
Customer Service Representative1,940 CHF

Engineering
Electrical Engineer5,320 CHF
Engineer4,840 CHF
Mechanical Engineer5,110 CHF

Executive and Management
Chief Executive Officer11,700 CHF
Chief Financial Officer11,600 CHF
General Manager9,790 CHF

Food / Hospitality / Tourism / Catering
Chef3,440 CHF
Executive Chef3,770 CHF
Hotel Manager9,400 CHF
Travel Agent3,470 CHF
Waiter / Waitress1,780 CHF

Health and Medical
Dentist12,900 CHF
Dietitian10,200 CHF
Laboratory Technician4,050 CHF
Nurse4,410 CHF

Human Resources
Human Resources Manager8,310 CHF
Human Resources Officer3,300 CHF

Information Technology
Computer Technician4,030 CHF
Database Administrator5,610 CHF
Developer / Programmer5,060 CHF
Information Technology Manager8,790 CHF
Network Engineer4,830 CHF

Law Enforcement / Security / Fire
Police Officer3,380 CHF

Legal
Attorney11,100 CHF
Legal Assistant2,760 CHF

Media / Broadcasting / Arts / Entertainment
Journalist6,260 CHF

Pharmaceutical and Biotechnology
Biomedical Engineer4,770 CHF
Pharmacist6,830 CHF

Sales Retail and Wholesale
Cashier2,110 CHF
Sales Manager8,890 CHF
Sales Representative3,430 CHF

Teaching / Education
Elementary School Teacher3,820 CHF
Secondary School Teacher4,570 CHF

Average Hourly Wage in Liechtenstein


31 CHF per hour

The average hourly wage (pay per hour) in Liechtenstein is 31 CHF. This means that the average person in Liechtenstein earns approximately 31 CHF for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Liechtenstein earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
4,890 CHF
Public Sector+14%
5,580 CHF
Percentage increase and decrease are relative to the previous value

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