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Local Germany
2 days ago
- Business
- Local Germany
What to study in Germany to land a high-paying career
Most German universities offer high quality teaching, world-class facilities, courses in English, and internationally recognised degrees. Tuition is also state funded at Germany's public universities and colleges. The only additional charge for non-EU/EEA international students is a small 'semester fee' of between €100 and €300. That is except in the state of Baden-Württemberg -- home to Heidelberg University -- which levies a fee of €1,500 per semester on non-EU/EEA students. But which courses, and universities, offer the best prospect of a high-flying career? It's no big secret that to land a high-paying job in Germany, you'd be well advised to study something in the field of engineering or IT. In an effort to advise the next generation of skilled workers who may want to emigrate to Germany, the Nigerian newspaper Vanguard recently compiled a list of the top courses to study with high employment opportunities in the country. Unsurprisingly, six out of ten of those subjects fell into the IT or engineering fields. But arguably as important as picking the right subject to study is picking the right university. After all, the school you enrol in determines the quality of your courses as well as the peers you're exposed to, and often also the opportunities you'll get upon graduation. With all of that in mind, here's The Local's guide to the subjects that are ideal for those looking to secure a well-paid job in Germany after their studies -- and a few of the top German institutions for studying them. READ ALSO: The best-paid jobs you can get without a university degree in Germany Note that the institutions listed here are internationally recognised in the fields indicated, but they're only the tip of the iceberg. With roughly 400 universities and technical colleges, Germany has something to offer everyone. Visit the DAAD website for a comprehensive overview. All salary estimates are from Payscale . Engineering A recognised global centre of excellence for all things engineering, Germany is home to industrial giants including Siemens, Bosch, Volkswagen, and BMW. Graduates in engineering from universities including the Technical University (TU) of Munich, RWTH Aachen University, and Karlsruhe Institute of Technology are at the heart of Germany's energy transition, as well as numerous new developments in automation. Advertisement Courses in mechanical engineering, electronic engineering, automotive engineering and environmental engineering place a strong emphasis on research, design, and real-world applications. An engineer works in the clean room of the pilot production plant for SOEC electrolyzers of Thyssenkrupp. Photo: picture alliance/dpa | Martin Schutt According to Payscale, the average salary for an engineer in Germany in 2025 ranges from €44,000 for an environmental engineer to €57,000 for an automotive engineer. TU Berlin, the University of Erlangen Nuremberg, and TU Dresden are particularly well-regarded for electrical engineering. For budding automotive engineers, TU Munich, the University of Stuttgart, and Wolfsburg University of Applied Sciences have strong connections with BMW, Mercedes Benz, and VW respectively – offering access to potential internships and entry-level positions. READ ALSO: Weimar to Heidelberg - The best German university towns for foreign students Computer science, IT, and machine learning Advertisement Like engineering, computer science is a catch-all term covering a range of university courses and an even greater variety of career opportunities, from IT and AI to cybersecurity and software development. Germany is currently investing heavily in digitalisation and AI across sectors including finance, logistics and health – and leading universities typically partner with start-ups and multinationals to provide hands on experience as well as pathways into rewarding tech roles. According to Payscale, the average salary for a computer scientist in Germany is currently €55,000. According to the Study in Germany website, TU Munich, TU Berlin, RWTH Aachen University, the University of Munich, and Karlsruhe Institute of Technology are the top five institutions in Germany for a degree in computer science. Architecture There are times when it feels as if all of Germany is a building site. With ambitious plans to add to the country's housing stock, as well as to modernise and re-purpose existing buildings, there are numerous opportunities for ambitious young architects. Graduates who want to work abroad will also benefit from the focus at German universities on green design, urban planning, and energy efficiency. Arch20 has a useful list of the top ten architecture schools in Germany, featuring Weimar University, Brandenburg University, and Wuppertal University. The average salary for an architect in Germany is €39,000. Business Administration & Management As with engineering and computer science, German universities offering business administration courses make a point of encouraging students to gain as much hands-on experience as possible. Advertisement Courses typically begin by covering the basics of economics, marketing, and accounting, before offering students an opportunity to focus on a specific area. The University of Mannheim, the Frankfurt School of Finance and Management, and the School of Business & Economics at Berlin's Free University are all renowned for their business administration courses. Payscale estimates that the average salary for business administration graduates in Germany is €55,000 – but, as with many of the jobs listed here, the sky's the limit. Medicine, Healthcare & Psychology Germany is currently suffering from a well-publicised and acute shortage of doctors and healthcare professionals. A strong command of German is required to study many of these subjects in Germany (more so than for subjects such as engineering or computer science), but international students willing and able to make the effort are almost guaranteed to walk into a secure position on graduation. Psychology is currently one of the most popular fields of study in Germany. Photo by Alex Green from Pexels While psychology is currently one of the most popular fields of study in Germany, the number of graduates does not seem to be slowing demand in the workplace. Depending on the area students choose to focus on, a degree in psychology can lead to opportunities across a range of different fields – including healthcare and counselling, as well as jobs in the private sector such as human resources, market research, and marketing. The average wage for psychology graduates varies wildly depending on the chosen career path. As a general rule, however, a career in business tends to attract the highest salary. There are many renowned medical schools in Germany, including Heidelberg University, the Charité in Berlin, and the University of Lübeck. Ludwig-Maximilian University in Munich, Humboldt University in Berlin, and the University of Mannheim enjoy similarly stellar reputations for psychology. RANKED: The 'best' universities in Germany for 2025
Yahoo
12-05-2025
- Business
- Yahoo
Why young people are leaving Florida — and what to know before making a big move
When Cody Bunch was in high school, he created a scrapbook of his dreams and his goals. Moving to Miami Beach was on that list. "There's Miami, there's Miami Beach," Bunch told CBS News, pointing to pictures in his scrapbook. "I live right behind that now." Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Bunch achieved his dream of living in South Florida in 2021. But just a few short years later, he's packing up and heading to Atlanta instead. It seems surprising to leave a place he had dreamed of for most of his life, but Bunch has his reasons — and he's not alone in leaving the Sunshine State. Here's why more residents are packing their bags and saying goodbye to South Florida for good. Although Florida's population growth surged in recent years, new data shows a shift. In 2023, about 511,00 people left the Sunshine State, while just 637,000 moved in — nearly half the number that arrived the year before. The American Prospect called it "the largest drop in net migration in a decade." Young people like Bunch are leading the exodus, departing not just from Miami-Dade but from surrounding counties such as Broward and Palm Beach, as well as from other major metro areas like Tampa. About 25% of those leaving Florida are between the ages of 20 and 29. Those moving in are older, wealthier and affected by the sluggish job market and soaring housing costs, driving Bunch and others away. "Younger residents, particularly those aged 20-29, are leaving in significant numbers," said the latest migration report from the Florida Chamber of Commerce. "Factors cited include the high cost of housing and perceived limited in-state job opportunities for early-career professionals." Both of those factors pushed Bunch to give up his dream of life in Miami. "The salaries don't add up to the cost of living here," Bunch said. "Overall, the cost of everything is so much more expensive than it was four years ago." He's not wrong. While Florida's unemployment rate in March 2025 was 3.1% — lower than the national average of 4.2% — the quality of job opportunities is another story. The median annual salary in Florida was $52,400 in 2024, compared with the national median of $59,400, according to ADP Pay Insights. Meanwhile, the cost of living in Miami is 19% higher than the national average, according to Payscale. High housing costs are another major issue. Redfin data shows Miami home prices surged from a median of $390,000 in January 2021 to $632,500 in January 2025. Miami is now ranked the second least affordable metro area for renters. Bunch said he's moving into a beautiful Atlanta apartment — complete with a coworking space, pool, and city view for $1,500 less than what he's paying for a Miami studio apartment. Read more: BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Bunch is heading for Georgia, a popular destination for ex-Floridians. But before relocating, it's important to research your destination carefully. Anyone who is considering a move to a new city should look into: Housing costs, including the median rent and home prices The overall cost of living The local job market Typical salaries for the area The unemployment rate The demographics — is the area growing and attracting younger residents, or is it aging? Quality-of-life amenities like restaurants, museums, parks and entertainment Plenty of online resources can help, including the Bureau of Labor Statistics for wages and unemployment data, and Redfin for housing market trends. You can also use job boards to explore employment options and rental sites to gauge how far your money will go. Finally, consider visiting sites like Reddit and City-Data to connect with current residents and get an unfiltered view of daily life in your potential new hometown. By doing your homework, you may find a city where dreams become reality — and unlike Bunch, you might just decide to stay and put down roots. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
12-05-2025
- Business
- Yahoo
Why young people are leaving Florida — and what to know before making a big move
When Cody Bunch was in high school, he created a scrapbook of his dreams and his goals. Moving to Miami Beach was on that list. "There's Miami, there's Miami Beach," Bunch told CBS News, pointing to pictures in his scrapbook. "I live right behind that now." Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Bunch achieved his dream of living in South Florida in 2021. But just a few short years later, he's packing up and heading to Atlanta instead. It seems surprising to leave a place he had dreamed of for most of his life, but Bunch has his reasons — and he's not alone in leaving the Sunshine State. Here's why more residents are packing their bags and saying goodbye to South Florida for good. Although Florida's population growth surged in recent years, new data shows a shift. In 2023, about 511,00 people left the Sunshine State, while just 637,000 moved in — nearly half the number that arrived the year before. The American Prospect called it "the largest drop in net migration in a decade." Young people like Bunch are leading the exodus, departing not just from Miami-Dade but from surrounding counties such as Broward and Palm Beach, as well as from other major metro areas like Tampa. About 25% of those leaving Florida are between the ages of 20 and 29. Those moving in are older, wealthier and affected by the sluggish job market and soaring housing costs, driving Bunch and others away. "Younger residents, particularly those aged 20-29, are leaving in significant numbers," said the latest migration report from the Florida Chamber of Commerce. "Factors cited include the high cost of housing and perceived limited in-state job opportunities for early-career professionals." Both of those factors pushed Bunch to give up his dream of life in Miami. "The salaries don't add up to the cost of living here," Bunch said. "Overall, the cost of everything is so much more expensive than it was four years ago." He's not wrong. While Florida's unemployment rate in March 2025 was 3.1% — lower than the national average of 4.2% — the quality of job opportunities is another story. The median annual salary in Florida was $52,400 in 2024, compared with the national median of $59,400, according to ADP Pay Insights. Meanwhile, the cost of living in Miami is 19% higher than the national average, according to Payscale. High housing costs are another major issue. Redfin data shows Miami home prices surged from a median of $390,000 in January 2021 to $632,500 in January 2025. Miami is now ranked the second least affordable metro area for renters. Bunch said he's moving into a beautiful Atlanta apartment — complete with a coworking space, pool, and city view for $1,500 less than what he's paying for a Miami studio apartment. Read more: BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Bunch is heading for Georgia, a popular destination for ex-Floridians. But before relocating, it's important to research your destination carefully. Anyone who is considering a move to a new city should look into: Housing costs, including the median rent and home prices The overall cost of living The local job market Typical salaries for the area The unemployment rate The demographics — is the area growing and attracting younger residents, or is it aging? Quality-of-life amenities like restaurants, museums, parks and entertainment Plenty of online resources can help, including the Bureau of Labor Statistics for wages and unemployment data, and Redfin for housing market trends. You can also use job boards to explore employment options and rental sites to gauge how far your money will go. Finally, consider visiting sites like Reddit and City-Data to connect with current residents and get an unfiltered view of daily life in your potential new hometown. By doing your homework, you may find a city where dreams become reality — and unlike Bunch, you might just decide to stay and put down roots. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
2025 raises fell short of employers' recent projections, Mercer finds
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. Dive Brief: Employers doled out an average merit increase of 3.2% (a base salary increase for merit) and an average total bump of 3.5% (all salary increases, including merit, promotional, cost-of-living and other adjustments) in 2025, according to findings from the March 2025 Mercer QuickPulse® US Compensation Planning Survey, released April 24. That's below the 3.3% in merit increases and 3.7% in total raises that employers said they expected to deliver, per Mercer's November 2024 projections, and under what companies gave in 2024: 3.3% for merit increases and 3.6% in total salary increases, the company said. Mercer said the losses indicate 'an ongoing decline in annual compensation budgets, suggesting a return to pre-pandemic norms, driven by [a] softening labor market.' Dive Insight: 'Our latest data indicates a moderation in base pay increases, reflecting the evolving dynamics of the labor market,' Lauren Mason, Mercer's U.S. workforce solutions leader, said in a statement. 'With heightened economic uncertainty, employers are focused on maximizing compensation impact through strategic decisions, such as proactively rewarding high performance.' In the survey of more than 800 U.S. companies, employers said they expected to promote about 10% of their workforce, up from 8% the previous year, and to award an average raise of 8.5% with promotions. Among the 44% of companies that rely on a five-tier performance rating system, top performers received average raises of 5.6%, while those who fell in the middle on performance earned 3.3%, Mercer said. To better address job satisfaction for hourly workers, companies should consider 'a comprehensive total rewards strategy that integrates affordable benefits, a positive working environment, and clear paths for skills-based career growth,' instead of relying on minimum wage increases, Mason said. 'By investing in these areas, organizations can improve hourly employees' pay progression, financial well-being, and overall engagement,' Mason said. Payscale's chief people officer previously said 2025 could be a 'year of contention' over pay 'between employers tightening budgets and employees advocating for fair pay and better working conditions.' In Payscale's 2025 Compensation Best Practices Report, organizations identified compensation as a bigger challenge than recruiting or retention, and nearly 1 in 3 of those surveyed cited unfair pay as the primary reason they lost talent. Pay expectations for recent graduates aren't being met either, according to an April ZipRecruiter report. About 42% of recent graduates said they didn't get the pay they wanted in their job search. And soon-to-be graduates said they expected to earn $101,500 on average, while the average starting salary among recent graduates was $68,400, ZipRecruiter found.
Yahoo
23-04-2025
- Business
- Yahoo
Over 50% of US Workers Don't Negotiate Their Starting Salaries — How To Improve Your Offer
Not negotiating your starting salary at a new job could cause you to miss out on thousands of dollars a year — if not more. Add that amount up over the course of multiple years or decades and you could be losing out on a substantial amount of cash. Discover More: Find Out: More than half (55%) of people don't negotiate their first salary, according to Resume Genius' 2025 Salary Negotiation and Expectations Survey of 1,000 full-time U.S. workers. Here are the other key findings of the survey, as well as some well-known strategies for negotiating salaries during the hiring process. Even though more people are starting to negotiate salaries during the hiring process, it's still not as common as you might think. Roughly 45% of survey respondents negotiate their starting salary, while 55% people simply accept what they're offered. Other key findings include: Seventy-eight percent of those who negotiate receive a better offer. Fifty-one percent get an offer matching what they ask for. Just 22% of those who negotiate don't receive a better offer. The survey also found that men (51%) are more likely to negotiate than women (39%). Interestingly, when women do negotiate, they often end up getting better results: A whopping 82% of women who negotiate get a better offer, compared to 76% of men. Fifty-four percent of women who negotiate receive a matching offer, compared to 50% of men. Age appears to play a role in people's willingness to negotiate their starting salary, as well: Fifty-five percent of Gen Z negotiate. Forty-eight percent of millennials negotiate. Forty-two percent of Gen X and baby boomers negotiate. Again, the majority of people who negotiate get a higher starting salary. Read Next: Perhaps unsurprisingly, most people (57%) regret either not negotiating or asking for more during the process. Nearly a third (30%) say they wish they'd negotiated more, but still felt it was the best decision at the time. About a quarter (27%) of those who didn't negotiate at all regret not doing so. If you feel like you deserve a certain starting salary but aren't sure how to go about it, here are some top strategies to consider: Know What You're Worth. Before going to a job interview or applying for a job with a low salary, make a list of the experience and skills you can talk about. Look into typical salaries in your area based on experience. Compare Salaries. Use a site like Glassdoor or Payscale to find what companies in your industry and area are offering. Know Your Rights. Pay transparency laws exist to help you get a fair offer. Check with the U.S. Department of Labor or Equal Employment Opportunity Commission to see the state or regional laws. Use Tact When Discussing Salary. If the interviewer asks what you expect, tell them you're willing to negotiate or are comfortable with the listed salary range. If they don't have a range, ask about their budget. Be Prepared To Demonstrate Your Worth. This means preparing before the interview. Conduct mock interviews with a friend about how your experiences align with the job — and make you the best candidate (and worth a higher salary). Come With Your Own Salary Range. Sometimes, you might have to come to the table with your acceptable minimum salary. Give a range of the salary you'd accept based on your experience and what other companies are offering. Don't Overshare. Keep your previous or current salary to yourself. Otherwise, a potential employer might use that to give you a lowball offer. Be Open To Negotiate. If you receive a low offer but still want to proceed with the opportunity, see if you can bridge the gap. If the company can't increase the base pay, consider other compensation — like stock options or retirement contributions. These can add up, too. More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying These 10 Used Cars Will Last Longer Than an Average New Vehicle 4 Things You Should Do if You Want To Retire Early 4 Affordable Car Brands You Won't Regret Buying in 2025 This article originally appeared on Over 50% of US Workers Don't Negotiate Their Starting Salaries — How To Improve Your Offer Sign in to access your portfolio
