Expatriates ranked Switzerland as the number 1 living & working place

According to a recently published study, the home to most of the giant private banks, pharma companies, and commodity Traders, was ranked as the best working & living place. Switzerland climbed from number 8 last year to number one, as it gathered top marks for its job opportunities and stability.

The average salary in Switzerland of US $111,587 is 47 percent higher than the US $75,966 average pay across the 33 nations surveyed by HSBC in the 12th edition of their yearly expatriate country ranking. 7 out of 10 expatriates stated that they had more disposable income after they moved to Switzerland.

With the nation of incredible ski resorts from Verbier & Zermatt to St. Moritz scored well for the quality of life, Switzerland is not the place for a sense of fulfillment or making friends with people as it was ranked 31st & 24th in those respective categories. On the other hand, it is perceived to be a great place for raising children & making a long-term home.

Chief of HSBC’s expat unit, John Goddard said in a Bloomberg Television interview that the expatriates are progressively looking at more than just what they get financially after moving to a new market. They are looking at the general environment where they would want to raise their children and at the work-life balance, they are looking at the safety & Switzerland marks pretty well against all those different categories.

Singapore was placed second on the list after topping the ranking for the consecutive past four years.

Other giant gainers included Turkey, which rose from 22nd to 7th, earning top marks for its open, as well as, hailing communities and for the ease, expatriates find in settling in. Spain rose to 4th, after coming 1st in the sub-categories of quality of life, as well as, physical and mental well-being.