Frankfurt provides various career prospects for expatriates. Here is an overview of its labor market.
Frankfurt, Germany's fifth biggest city, located in the Land of Hesse, has become quite popular with expats for a few years. Indeed, it has attracted thousands of foreigners worldwide, particularly from European countries, due to the various career opportunities it provides. Note that Frankfurt's population amounts to over 700,000 inhabitants within a metropolitan area with more than 2.5 million inhabitants.
Frankfurt is deemed to be an international city due to its developed economy and infrastructure, as well as its rich cultural heritage. It is also known to be one of the country's most expensive cities for foreigners. But with a job in hand, you are likely to enjoy your stay there.
Along with Germany's most prosperous city, Frankfurt is also one of Europe's most important financial and business hubs. This is partially due to the presence of its international airport which is Europe's third largest airport. Note that Hesse's Gross Domestic Product (GDP) amounted to more than 6.1 million euros in 2012, contributing up to 8.7% the country's global GDP.
Frankfurt's main economic pillars are trade, telecommunications, finance, services and the banking sector. In fact, Frankfurt hosts more than 200 German banks such as Deutsche Bank, Commerzbank, Dresdner Bank, etc., as well as its own stock exchange which is the second biggest stock exchange in whole Europe. Events, through exhibitions and car shows, advertising as well as the chemical industry, automotive manufacturing also contribute to the city's economy on a large scale.
Unemployment rate in Hesse stood at 6.0% in January 2014, representing 192,729 people, including 26,000 in Frankfurt. Meanwhile, some 437,400 people were employed in the transformation industry while 373,500 people were employed in the service sector and 331,800 people in trade. The health care and social services field, for their part, consist of 267,700 workers.
Foreigners in Frankfurt are more likely to be hired by big German companies such as car manufacturers like Volkswagen and Opel, banks like Deutsche Bank and Commerzbank, or even the Deutsche Bahn, Deutsche Lufthansa, etc. Jobs are also available in the technology, automotive manufacturing, health care, education and economic services fields. The sought after jobs are those of nurses and caregivers, medical professionals, engineers, mechanical and automotive specialists, energy specialists, mechatronics and electronics specialists, tax and financial advisors, etc.
Find a job
Sending spontaneous job applications to major German and foreign firms operating in Frankfurt may grant you more chances of being hired. A knowledge of German is nevertheless required. You can also view job offers on the Internet and in classified ads in local newspapers. If you have already moved to Frankfurt, consider registering with local authorities or recruitment agencies.