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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.

Munich is one of Europe'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.

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Munich may be one of the most expensive cities in Germany, however in terms of salaries it is also the second highest paid city.

Munich's economy

Munich owes its economic success and prosperity to various sectors. Bavaria's Gross Domestic Product (GDP) amounted to some 549.2 billion euros in 2015, with the country's second highest growth rate. Its main economic pillars are namely automotive manufacturing, biotechnology, aerospace, financial services, scientific research, tourism and information and communication technology. 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, Amazon, Philip Morris, Siemens, Oracle Deutschland, MAN, Linde, Microsoft, IBM Deutschland, MTU Aero Engines, Osram, Arri, GlaxoSmithKline, Deutschland RedHat and many more. You will also find many bank head offices such as Stadtsparkasse München, Bayrische Landesbank, BNP Paribas, HypoVereinsbank, etc. making Munich the second biggest finance centre after Frankfurt. It outranks Frankfurt in the insurance sector hosting companies like Allianz or Munich RE. The media and publishing sector is equally well established with Süddeutsche Zeitung, ARD, ProSiebenSat.1 Media and Random House.

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Munich's economy also relies on Small and Medium sized Enterprises (SMEs). According to the Bavarian authorities, more than half of the region's active population is employed in these sized organizations.

Labour market in Munich

The unemployment rate in Bavaria stood at 3.3% in late 2016 with about 234.525 job seekers. To date, job vacancies are available in various fields such as the processing industry, trade, financial services, insurance, health care, social services, mining, agriculture and forestry. But you can also be hired in the information and communication technology, automotive and education fields provided you have the required skills.

The labour market in Munich continues to develop positively and is also largely unaffected by the generally weaker economic development. Munich’s diversified economic structure is a positive factor. 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 in Munich

During your job search in Munich, you can check out offers on the Internet and in classified ads in local newspapers. Consider 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.

 Useful links:

Jobs in Munich
Linked In
Muenchener Jobs
München Stadtportal
Jobbörse Arbeitsamt

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