Job Market in Malta
Malta is a small country with a rapidly developing economy. It attracts many foreign workers seeking new professional experiences. The main employment sectors in Malta are tourism, information technology, and the financial sector.
The rising demands of the tourism industry encourage the creation of new job opportunities. Meanwhile, the IT sector in Malta is growing at a rapid pace, attracting specialists from around the world.
Salaries in Malta
Working in Malta offers a successful blend of a good quality of life and attractive salaries. The average salary on the island is around 19,000 euros per year. However, salaries vary depending on the industry and the employee’s professional experience.
For instance, in the financial sector, earnings can range from 20,000 euros to even 40,000 euros annually. Specialists in the IT field can expect a salary ranging from 25,000 to 50,000 euros per year.
Cost of Living in Malta
The cost of living in Malta is not the lowest, but it is comparable to other Western European countries. Renting an apartment in the capital, Valletta, or popular tourist towns is relatively expensive. The monthly cost of renting a studio can range from 700 to 1000 euros.
In comparison, renting a room in a shared apartment costs about 300-500 euros per month. Other expenses, like food and transportation, are also moderately high but still manageable with average salaries.
Jobs for Foreigners
For foreigners, Malta offers many employment opportunities, especially in international companies. However, it is important to note that proficiency in English is often required. Knowledge of Maltese can also be an additional advantage.
The procedure for obtaining a work permit in Malta is relatively straightforward for EU citizens. You just need to secure a job agreement and register with the relevant authorities. For non-EU citizens, this process can be slightly more complex but is still achievable.
Summary
| Industry | Average Annual Salary (euro) |
|---|---|
| Tourism | 15,000 – 25,000 |
| Finance | 20,000 – 40,000 |
| IT | 25,000 – 50,000 |
Malta offers an attractive job market with many opportunities across various professions. Despite the cost of living, high salaries can compensate for it. Working on this picturesque island, one can enjoy both a fascinating career and a high standard of living.
