Salary Benchmark Report Munich 2022
May 10, 2022
After creating a salary benchmark report for Amsterdam and Berlin it’s time to dive deeper into the next hub…
As Munich is growing closer to Berlin as one of the leading startup hubs in Europe, we decided it was logical to create a report on the Munich scale-up industry as well. And highlighted the most important differences between Berlin and Munich.
So again, why are we doing this?
The tech landscape is getting more and more competitive! With the war for talent and great resignation at a record height, it’s more than ever important to stay competitive. But how do you stay competitive? It all starts with having a good understanding of fair compensation.
We’ve conducted thorough market research and accumulated our findings, combined with our experience, to share key insights on salaries for all common functions, specifically for the Munich ecosystem. Banking on our experience serving 150+ scale-ups and hiring 1.500+ talented professionals across Europe.
A separate salary benchmark report for Berlin & Munich
Over the last years, the German scale-up ecosystem has flourished, with Berlin as the #1 most active start-up location in Germany. But Munich is growing closer to Berlin, being one of the leading startup hubs in Europe. In recent years, Munich is consistently ranked among the top 10 best startup cities in continental Europe, closely competing with the likes of Stockholm, Amsterdam and Lisbon. Some even mention Munich as the fourth tech hub in Europe, after Berlin, London and Paris.
But why create a separate report? While conducting the research for the Berlin report, we noticed the big differences between Berlin and Munich in regard to cost of living and compensation. For example, did you know that the cost of living in Munich is 9% higher than in Berlin?