The twelve highest paid jobs in Luxembourg
Luxembourg, known for its pleasant living environment and economic stability, continues to attract professionals thanks to its particularly attractive salaries. In 2024, the average salary in Luxembourg exceeds €70,000 gross per annum, well above its European neighbours.
But which professions are offering the highest salaries this year? Let's explore the sectors and positions that stand out for offering the highest salaries.
These salaries are taken from our 2024 Luxembourg salary guide, in which we present salaries by sector and for each profession, for different levels of experience.
Risk manager, Banking & Financial Services
Luxembourg's banking and financial services sector is known for its attractive remuneration packages, particularly for Risk Manager positions.
A professional starting out in this field can expect a gross annual salary of between €55,000 and €66,000 for 0 to 3 years' experience. For 3 to 5 years' experience, salaries rise to between €66,000 and €83,000. For those with 5 to 8 years' experience, salaries range from 83,000 to 99,000 euros. Finally, Risk Managers with more than 8 years' experience can earn a gross annual salary of over €121,000, with some salaries even exceeding €200,000.
How much does a risk manager earn?
- 0 to 3 years: between €55,000 and €66,000
- 3 to 5 years: between €66,000 and €83,000
- 5 to 8 years: between €83,000 and €99,000
- +8 years: between €99,000 and €121,000
Agency Manager, Architecture & Engineering Consultancy
In Luxembourg's Architecture and Engineering sector, salaries for the position of Agency Manager are particularly attractive for experienced professionals.
After more than 8 years' experience, an Agency Manager can expect to earn between €85,000 and €110,000 gross per year. This salary range reflects the expertise and skills these professionals have acquired over the years in this demanding and creative field. The role of Agency Manager is crucial to the success of architectural projects, which justifies these competitive salaries.
How much does an Agency Manager earn?
- +8 years: between €85,000 and €110,000
Sales Director, Sales & Marketing
Salaries in this sector are generally high, with notable differences depending on the variable elements.
In the Sales & Marketing sector, a Sales Director can expect a gross annual salary of €75,000 to €95,000 excluding bonuses for 5 to 8 years' experience, and €95,000 to €130,000 after more than 8 years' experience.
How much does a Sales Director earn?
- 5 to 8 years: between €75,000 and €95,000
- +8 years: between €95,000 and €130,000
Financial Director / CFO, Finance & Accounting
In the Finance & Accounting sector in Luxembourg, an entry-level Finance Director (0 to 3 years' experience) can expect a gross annual salary of between €85,000 and €96,000. For 3 to 5 years' experience, salaries rise to between €96,000 and €113,000. For those with 5 to 8 years' experience, salaries range from €113,000 to €136,000. Finally, CFOs with over 8 years' experience can earn a gross annual salary of more than €135,000, excluding variable compensation.
How much does a CFO earn?
- 0 to 3 years: between €85,000 and €96,000
- 3 to 5 years: between €96,000 and €113,000
- 5 to 8 years: between €113,000 and €136,000
- +8 years: more than €135,000
Compliance officer/Chief compliance officer, Tax & Legal
In Luxembourg's Tax & Legal sector, remuneration packages for a Compliance officer/Chief compliance officer are very attractive, with bonuses that can sometimes double the fixed salary.
A professional starting out in this field (0 to 3 years of experience) can expect a gross annual salary of between €51,000 and €67,000. For 3 to 5 years' experience, salaries rise to between €67,000 and €82,000. For those with 5 to 8 years' experience, salaries range from €82,000 to €97,000 euros. Finally, Chief Compliance Officers with over 8 years' experience can earn a gross annual salary of between €98,000 and €133,000 (excluding bonuses).
How much does a Compliance officer/Chief compliance officer earn?
- 0 to 3 years: between €51,000 and €67,000
- 3 to 5 years: between €67,000 and €82,000
- 5 to 8 years: between €82,000 and €97,000
- +8 years: between €98,000 and €133,000
Head of tax, Tax & Legal
Another attractive salary in Luxembourg is that of a Head of tax. The salary for this position is among the highest in our salary guide: after more than 8 years' experience, a professional can expect a gross annual salary of between €133,000 and €205,000.
How much does a Head of Tax earn?
- +8 years: between €133,000 and €205,000
Project Manager, Real Estate
In the Luxembourg real estate sector, remuneration for a Project Manager heavily depends on experience.
A professional starting out in this field (0 to 3 years of experience) can expect a gross annual salary of between €38,000 and €45,000. For 3 to 5 years' experience, salaries rise to between €45,000 and €52,000. For those with 5 to 8 years' experience, salaries range from €52,000 to €62,000. Finally, Project Managers with over 8 years' experience can earn between €62,000 and €90,000 a year.
How much does a project manager earn?
- 0 to 3 years: between €38,000 and €45,000
- 3 to 5 years: between €45,000 and €52,000
- 5 to 8 years: between €52,000 and €62,000
- +8 years: between €62,000 and €90,000
Site Manager, Industry & Engineering
In the Industry & Engineering sector in Luxembourg, salaris for a Site Manager in large scale industry (automotive, food, cosmetics, textiles, agricultural equipment) varies considerably depending on experience.
A Site Manager with 5 to 8 years of experience can expect a gross annual salary of between €80,000 and €120,000. For those with more than 8 years' experience, remuneration can go up to between €110,000 and €180,000 per year.
How much does a Site Manager earn?
- 5 to 8 years: between €80,000 and €120,000
- +8 years: between €110,000 and €180,000
HR Director, Human Resources
In Luxembourg's human resources sector, salaries for a Human Resources Director also depend strongly on experience.
A HR Director with 5 to 8 years' experience can expect a gross annual salary of between €96,000 and €112,000. For those with more than 8 years' experience, remuneration can go up to between €112,000 and €146,000 per year.
How much does an HR Director earn?
- 5 to 8 years: between €96,000 and €112,000
- +8 years: between €112,000 and €146,000
Purchasing Manager, Supply chain, purchasing & logistics
In the supply chain, purchasing and logistics sector in Luxembourg, salaries for a Purchasing Director are high from the start.
A professional starting out in this field (0 to 3 years of experience) can expect a gross annual salary of between €90,000 and €102,000. For 3 to 5 years' experience, salaries rise to between €102,000 and €119,000. For those with 5 to 8 years' experience, salaries range from €113,000 to €136,000. Finally, Purchasing Directors with over 8 years' experience can earn a gross annual salary of €121,000 to €154,000.
How much does a Purchasing Director earn?
- 0 to 3 years: between €90,000 and €102,000
- 3 to 5 years: between €102,000 and €119,000
- 5 to 8 years: between €113,000 and €136,000
- +8 years: between €121,000 and €154,000
Chief information security officer, Technology
The tech sector is well-known for its attractive salary packages.
In Luxembourg, the position of Chief Information Security Officer stands out, with a salary of €80,000 to €100,000 gross per annum for 5 to 8 years' experience. After eight years' experience, this salary can rise to €150,000 gross per year, reflecting the high demand and added value of these professionals.
How much does a Chief Information Security Officer earn?
- 5 to 8 years: between €80,000 and €100,000
- +8 years: between €100,000 and €150,000
Chief information officer, Technology
Another Tech position with a high salary is Chief Information Officer (CIO). It’s actually one of the best-paid positions in salary guide. After eight years' experience, a Chief Information Officer can earn up to €250,000 gross per year. This salary shows not only the high demand for these professionals, but also the importance of their contribution to the company.
How much does a Chief Information Officer earn?
- +8 years: between €120,000 and €250,000
To find out more about the Luxembourg job market and understand the latest industry trends, check out our 2024 Luxembourg salary guide.