World’s highest-paid expats toil in land of fondue and watches

(Jan 2): It pays to be an expatriate in Switzerland.

Expats living in the home of UBS Group AG, drug maker Novartis AG and commodity trader Glencore Plc earn an average salary of US$188,275 ($273,046) a year. That’s the highest in the world and almost twice the global average, according to data published Monday by HSBC Holdings. Switzerland also tops the bank’s expat career ranking for a second year.

“Expats ranked Switzerland highly for both financial and personal well-being criteria,” said Dean Blackburn, head of HSBC Expat. “The combination of high salaries and excellent work culture has placed Switzerland at the top of the careers league table.”

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