Frankfurt's labour market

Updated 2019-10-09 13:31

Being home to the European Central Bank and the German Central Bank (Bundesbank) Frankfurt is considered a strong a financial epicentre, attracting foreigners looking for opportunities, and one of the most important connection points in Europe. This attention towards the city is not accidental. Frankfurt has been considered an imperial city in the Roman Empire, and an important economic hub and a trade centre in the Middle Ages. Fairs organised in the city brought additional fame. Today, some of the world's most important events are held there. The city's aesthetics reflect its economic importance, which is why it earned the nickname "Mainhattan".

Frankfurt has a strong growth rate and is continuously inviting newcomers who have the necessary expertise in different industries. The city is home to 43,000 companies, many of which collaborate with university research facilities to implement new ideas. Therefore, Frankfurt is a real land of opportunities for new graduates. Diversity is important in the whole region of Hesse, and research and development a must. The city hosts a large number of startups, but its primary source of opportunities are the large international corporations.

Booming industries in Frankfurt

Today, many industries are booming in Frankfurt. Some of the most important are finance, logistics, the creative industry, IT and telecommunications and life sciences. Frankfurt is also a research hub thanks to the Max Planck Institute of Biophysics and offers good study programs in its universities in the fields of medicine, biotechnology and pharmacy. It hosts a large number of chemical, pharmaceutical and biotechnological companies like DECHEMA, Merz Pharma, Frankfurt Biotechnology Innovation Center and many others.

The financial industry is also booming in the region, with institutions like the German Stock Exchange, the European Central Bank and the European Insurance and Occupational Pensions Authority, in addition to the many German banks and international insurance companies. Besides, the city offers good quality study programs in its universities, as well as “FinTech” courses.

The IT and telecommunication industry offers some of the best-paid jobs. There are numerous German and international IT companies in Frankfurt. Also, the city is home to DE-CIX, the largest exchange point of peak internet traffic in the world.

Being a trade centre, and having one of the most important airports in Europe, Frankfurt gives significant importance to logistics and mobility, both for studies and for work opportunities. Therefore, many institutes dedicated to research and training in the field of mobility have risen, like the House of Logistics and Mobility.

Creative industries are present along the river Main, and there are many prominent advertising and network agencies which benefit from the city's international character. The Creative Hub Frankfurt offers essential information regarding the creativity scene. Additionally, there are many coworking spaces, and the city offers opportunity both for office jobs and freelancing.

Work opportunities in Frankfurt

Frankfurt offers great opportunities and is generally not difficult to find a job. The city is trying to lean towards gender equality. However, even today, women are still earning less. This is especially the case for expats who struggle with the language. The good part is the constant employment growth thanks to the creation of new companies and the relocation of the headquarters of many multinationals. These are open to qualified workers with international experience. German knowledge remains a constant necessity, as it is spoken in every workplace.

Searching for opportunities can be done on some of the regular websites like and Stepstone, and especially on professional networks like XING and LinkedIn. Germans respect well-written application letters, with an organised CV and a professional photo.

Wages in Frankfurt

The city generally offers substantial salary opportunities, which are enough to cover significant life expenses. However, this might create difficulties for newcomers on a tight budget. Internships are only reserved for students, and often may not be paid. Besides, there are part-time jobs and mini-jobs which don't allow salary higher than 450 euros per month. The average wage in Frankfurt is around 56,124 euros yearly, and some of the most paid jobs are in the field of finance, engineering, and IT. Medical services are quite respected and well-paid while other industries like the creative ones have higher salaries than the other German cities.

Frankfurt is more than a city; it is a land of opportunities. It's not so hard for qualified individuals to find opportunities. Newcomers and students also find themselves in the right place.

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