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Executive Agenda

Highest Paying Cities For Expats, 2018 Ranking By HSBC

With an average annual earnings of $217,165, Mumbai, India’s financial capital, tops global rankings for expat salaries, according to HSBC survey, more than twice the global average of $99,903.

San Francisco, meanwhile, took second position on the salary ranking with an average salary of $207,227, while Zurich took third position with $206,875.

Shanghai emerged as the 4th most lucrative city for expats. Foreigners working in China’s financial hub can expect an average salary of $202,211.

Expats working in Geneva can typically expect to bring home a sizable $184,942 salary.

Highest Paying Cities For Expats, 2018 Ranking By HSBC

RankCityCountyAverage expat salary
1MumbaiIndia$217,165
2San FranciscoUnited States$207,227
3ZurichSwitzerland$206,875
4ShanghaiChina$202,211
5GenevaSwitzerland$184,942
6New YorkUnited States$182,240
6Los AngelesUnited States$161,126
8JakartaIndonesia$152,589
9Hong KongHong Kong$148,410
10ParisFrance$139,602
11DubaiUnited Arab Emirates$138,177
12MoscowRussia$135,909
13SydneyAustralia$134,368
14TokyoJapan$132,508
15DohaQatar$131,408
16Abu DhabiUnited Arab Emirates$127,456
17Kuwait CityKuwait$123,041
18BangkokThailand$119,601
19NairobiKenya$119,182
20SingaporeSingapore$117,904
21Kuala LumpurMalaysia$117,515
22RiyadhSaudi Arabia$116,679
23OsloNorway$114,538
24MuscatOman$113,733
25Sao PaoloBrazil$113,516
26LondonUnited Kingdom$107,863
27AucklandNew Zealand$107,500
28ViennaAustria$103,342
29BrusselsBelgium$102,482
30IstanbulTurkey$100,577
31TorontoCanada$100,024
32Mexico CityMexico$97,381
33WarsawPoland$96,443
34MelbourneAustralia$95,342
35VancouverCanada$94,655
36JohannesburgSouth Africa$92,416
37DublinIreland$91,419
38StockholmSweden$91,184
39MadridSpain$88,862
40ManamaBahrain$88,841
41SeoulSouth Korea$86,115
42BerlinGermany$84,162
43CairoEgypt$81,952
44TaipeiTaiwan$76,788
45Buenos AiresArgentina$73,000
46PragueCzech Republic$68,622
47ManchesterUnited Kingdom$66,480
48GlasgowUnited Kingdom$66,176
49BarcelonaSpain$65,070
50BirminghamUnited Kingdom$61,950
51LisbonPortugal$60,913
52EdinburghUnited Kingdom$56,250

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Prof. Dr. Amarendra Bhushan Dhiraj, Ph.D., DBA
Prof. Dr. Amarendra Bhushan Dhiraj, Ph.D., DBA, is a publishing executive and economist who serves as CEO and Editor-in-Chief of CEOWORLD Magazine, one of the world's most influential and widely read business publications. He also chairs its Advisory Board, shaping the magazine’s editorial vision and global strategy.

Dr. Amarendra earned his Ph.D. in Finance and Banking from the European Global School, Paris, a Doctorate in Chartered Accountancy from the European International University, Paris, and a Doctorate in Business Administration (DBA) from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He also holds an MBA in International Relations and Affairs from the American University of Athens, Alabama.

Equal parts economist, strategist, and publishing visionary, Dr. Amarendra has built CEOWORLD Magazine into a trusted platform where CEOs, executives, and high-net-worth leaders turn for ideas that matter and insights that last.


Prof. Dr. Amarendra Bhushan Dhiraj, Ph.D., DBA, serves on the Executive Council at CEOWORLD Magazine. Follow him on LinkedIn, Facebook, and Twitter for insights, or explore his official website to learn more about his work.