Madrid's labor market remains quite open to foreign professionals despite its high unemployment rate. Find out more in this article.
Madrid, the Spanish capital city, is Spain's main expat destination. Every year, Madrid welcomes thousands of expatriates seeking new career opportunities. Today, Madrid's economy has started to improve although some effets can still be felt. Hence, finding a job or an internship there should not be difficult. The city has a dynamic economy while its labor market is open to skilled foreigners. In fact, Madrid offers many job opportunities in various sectors.
But before anything else, you are advised to inquire on its labor market and on procedures to follow to be able to work in Spain. Like elsewhere in the country, expatriates are likely to be hired provided they have exceptional skills that can be beneficial for the local economy and that are not available locally.
Apart from being Spain's biggest and most densely populated city with more than 3.2 million inhabitants, Madrid is also known to be the country's economic center. In fact, its economy has gradually recovered from the world economic crisis, its Gross Domestic Product (GDP) reaching 203,626 million euros in 2015 with a growth rate of 3.4%. Figures are expected to rise in the following years due to the efforts of Madrid authorities in order to revive the economy.
Madrid's economy is primarily based on the service sector due to deindustrialization. Its main economic pillars are financial services, business, industry, construction, food, high technology, electronics, information technology and communication, automotive and shipbuilding. Agriculture, meanwhile, is less important for some years now.
Madrid is also one of Europe's main tourist hubs. In fact, tourism has become another important economic pillar due to various related activities including leisure, cultural events, exhibitions and conferences, etc. As Madrid is also a great place for shopping, especially due to the presence of many shops, many opportunities also exist in the commercial field.
Madrid's unemployment rate is very high for a few years, reaching 20.9% at the end of 2015, which is still quite high despite a considerable decline since the past few years. However, it has been facing a shortage of skilled and qualified workforce. Thus, skilled foreigners are likely to be hired in various sectors, especially in health care (general practitioners, ophthalmologists, speech therapists and other specialists), information and communication technology, industry, automotive and shipbuilding fields, as well as financial services.
Jobs are also available in call centers, tourism and in the food sector, especially if you know master a few foreign languages.
Find a job
Job offers in Madrid are available on the internet and in classified ads in local newspapers. You can also spot a few companies operating in the region and send them spontaneous applications.
Employers in Madrid are also quite active on social networks. Consider creating and updating your account on professional social networks such as LinkedIn which can definitely help during your job search in Madrid.
If you are already in Madrid, you may also seek the assistance of a recruitment agency.
Expat.com - Jobs in Madrid
Madrid’s job portal www.madrid.org
Linked In www.linkedin.com
Info empleo www.infoempleo.com
Go Abroad jobs.goabroad.com
Xpat Jobs www.xpatjobs.es