The city of Munich, located in the region of Bavaria, has many job opportunities. Here is an overview.
Munich, which is found in Bavaria (Bayern), is one of the main German cities. In May 2014, its population amounted to over 1.4 million people, making it the country's third largest city after Berlin and Hamburg. It is also one of the main German destinations in terms of expatriation, particularly due to its numerous places of interest as well as for the professional opportunities it offers.
Note that Munich is one of the European Union's most prosperous cities after Paris and London. So if you wish to settle there, finding a job should not be difficult provided you have the skills which are required locally.
Munich owes its economic success and prosperity to various sectors. Bavaria's Gross Domestic Product (GDP) amounted to some 470.2 billion euros in 2013, with the country's highest growth rate. Its main economic pillars are namely automotive manufacturing, biotechnology, aerospace, financial services, scientific research, tourism and information and communication technology, etc. The processing industry, as well as insurance, tourism, social services also contribute significantly to its economy.
Moreover, Munich hosts many large German and international companies head offices and subsidiaries such as BMW, Allianz, Amazon, GlaxoSmithKline, Philip Morris, Global Media, Siemens Fujitsu, Oracle Deutschland, MAN, Linde AG, IBM Deutschland, Deutschland RedHat, Adidas and many more. You will also find many German banks's head offices such as Deutsche Bank, Dresdner Bank, Commerzbank, Postbank and Hypovereinsbank, etc.
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Munich's economy also relies on Small and Medium Enterprises (SMEs). According to the Bavarian authorities, more than half of the region's active population is employed in this field.
Unemployment rate in Bavaria stood at 4.4% in early 2014. However, the number of job seekers had known a rise during the same period. To date, job vacancies are available in various fields such as processing industry, trade, financial services, insurance, health care, social services, mining, agriculture and forestry, etc. But you can also be hired in the information and communication technology, automotive and education fields provided you have the required skills.
As regards the most sought after jobs in Munich, these are in the mechanical engineering, automotive manufacturing, metallurgy, information and communication technology, energy, electrical engineering, health care and tax advising fields.
Find a job
During your job search in Munich, you can check out offers on the Internet and in classified ads in local newspapers. You can also try your luck by sending spontaneous applications to big companies operating across the city. If you are already on the spot, you can also register with a recruitment agency.