Moving around the world, to further career prospects is one of the main reasons people leave home and start a new life in another country.
A new global survey by HSBC, Expat Explorer Achieving ambitions abroad talked to 27,000 expats in 190 countries and territories. Their subsequent report, which has just been published, produces some key findings about jobs and careers around the world. So if you’re thinking of changing jobs and countries this year, take a look at the information below to find out what your best options are:
Singapore comes tops as the best country to live, work and bring up children.
Of those surveyed:
- 73% of expats in Singapore feel confident about the local economy
- 62% of expats living in Singapore say they are earning more than they would in their home country.
- 60% of expats living in Singapore say they can save more money than they did in their home country.
- 62% say it’s a great place to progress their careers and 58% say it’s a good place to start a business.
- Expats living in Singapore are also likely to enjoy higher incomes: USD139,000 per year on average, compared to the global average of USD97,000.
London and New York are attractive to expats looking to boost their careers
Of those surveyed 71% of expats working in the two cities say it will boost their careers and improve their job prospects when they go home.
Expats in Hong Kong, Dubai, Zurich and Shanghai enjoy the best financial rewards
65% of expats moving to Dubai or 68% of those from Hong Kong say their disposable income has risen, compared with 56% globally.
….. that said, if you want to earn the most money… move to Zurich
Head to Switzerland where 44% earn more than USD200,000 per year, compared with a global average of 11%. Shanghai expats also have good salaries, with 30% reporting an income of over USD200,000.
Millennials want to change careers and move abroad to do it
22% of expat millennials (aged 18-34) move to find a purpose for their career. Those heading to Japan (22%), Taiwan (22%) and UAE (20%) were the most popular destination for those searching for a better career purpose.
…. they also embrace the lifestyle to improve their career prospects with 37% saying this was a reason to move. 49% say they earn more in their host country and 45% say job security is better.
Expat finances thrive in the Middle East
If you’re hoping to increase your salary as well as your career prospects head to the Middle East. The report found that the highest levels of disposable income were in Qatar, Bahrain and UAE. This allowed expats to save the most money.
- 77% in Saudi Arabia, 70% in Oman and 65% in Bahrain say they are able to save more than at home, compared to the global average of 53%.
If you are considering a moving abroad PSS International removals can help. We are a family run company and our desire is to ensure your family receives a friendly, professional and stress free overseas move. We have specialised in international removals for over 34 years, so whether you are planning on sending a full or part household removal, excess baggage or a vehicle we recognise the importance of ensuring our customers receive the same level of care and attention that we would expect ourselves.
Contact us now for a free estimator’s survey, or simply fill in our online moving or baggage quote form.