Salary Biography in Germany 2019
I give an incomplete translation of the study “Development of wages depending on age”. Hamburg, august 2019
Cumulative income of specialists depending on their age in gross euros
Calculation: the average annual salary at the age of 20 35,812 * 5 years = 179,060 by the age of 25 years.
The annual salary of specialists depending on age in Euro gross
The annual salary of managers depending on age in Euro gross
Specialists earn 1.8 million euros during their careers (between the ages of 20 and 60), and managers 3.7 million euros.
Women leaders at the end of their careers (at the age of 60) receive a salary of 92 thousand gross. Male leaders - about 126 thousand
Learning is worth it. At the age of 50, the difference in the annual salary of workers with and without higher education is almost 30 thousand euros, in favor of academics.
During his career, the electronics industry receives 1.6 million euros, the banker - 2.3 million.
Care for the elderly brings 1.3, and software development 2.4 million.
Retail woman earns 1.3 million.
If she starts a family, receives parental benefits and works part-time, she will earn 1.14 million euros.
The experience of patent engineers has the greatest impact on wages: at the beginning of a career, they earn about 50 thousand and after 9 years - more than 97 thousand per year (+ 94%)
The top industry for executives is banking. Here at the age of 60 you earn almost 180 thousand a year.
For comparison, in the hotel and restaurant sector - about 88 thousand.
For the study, 216,711 salary data were analyzed. Almost 40% of the respondents are women and 60% are men.
The average age of male specialists is 38 years, women - 39 years. The average age of male executives is 46 years, women - 44 years.
About 3% of women hold a leadership position, among men this indicator is 11%.
Access to education and knowledge plays a key role in the development of your career.
Companies are looking for well-trained professionals and managers. Career opportunities are significantly improved through in-depth knowledge.
Thus, the best investment is your own education.
This applies not only to young people. Even after the age of forty, on-the-job training or higher education will bring significantly greater income for many years to come.
The study presents various scenarios in order to show their impact on wages.
Source: cdn.gehalt.de/cms/Gehaltsbiografie-2019.pdf
Cumulative income of specialists depending on their age in gross euros
Calculation: the average annual salary at the age of 20 35,812 * 5 years = 179,060 by the age of 25 years.
The annual salary of specialists depending on age in Euro gross
The annual salary of managers depending on age in Euro gross
Summary of the result
Specialists earn 1.8 million euros during their careers (between the ages of 20 and 60), and managers 3.7 million euros.
Women leaders at the end of their careers (at the age of 60) receive a salary of 92 thousand gross. Male leaders - about 126 thousand
Learning is worth it. At the age of 50, the difference in the annual salary of workers with and without higher education is almost 30 thousand euros, in favor of academics.
During his career, the electronics industry receives 1.6 million euros, the banker - 2.3 million.
Care for the elderly brings 1.3, and software development 2.4 million.
Retail woman earns 1.3 million.
If she starts a family, receives parental benefits and works part-time, she will earn 1.14 million euros.
The experience of patent engineers has the greatest impact on wages: at the beginning of a career, they earn about 50 thousand and after 9 years - more than 97 thousand per year (+ 94%)
The top industry for executives is banking. Here at the age of 60 you earn almost 180 thousand a year.
For comparison, in the hotel and restaurant sector - about 88 thousand.
Data
For the study, 216,711 salary data were analyzed. Almost 40% of the respondents are women and 60% are men.
The average age of male specialists is 38 years, women - 39 years. The average age of male executives is 46 years, women - 44 years.
About 3% of women hold a leadership position, among men this indicator is 11%.
Output
Access to education and knowledge plays a key role in the development of your career.
Companies are looking for well-trained professionals and managers. Career opportunities are significantly improved through in-depth knowledge.
Thus, the best investment is your own education.
This applies not only to young people. Even after the age of forty, on-the-job training or higher education will bring significantly greater income for many years to come.
The study presents various scenarios in order to show their impact on wages.
Source: cdn.gehalt.de/cms/Gehaltsbiografie-2019.pdf
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