Average Salary in Moscow
Are you curious about the average salary in Moscow? Whether you’re considering moving to the capital of Russia or want to compare salaries, understanding the average wage can be helpful. In this article, we’ll look at the average salary in Moscow, including factors that impact wages, job opportunities, and cost of living.
According to recent data, the average salary in Moscow is around 83,000 rubles monthly. This translates to roughly USD 1,100 per month. However, it’s important to note that salaries vary widely based on many factors, including industry, experience, and education.
Generally, salaries in Moscow are higher than in other parts of Russia. This is partly attributed to Moscow’s status as the country’s primary business hub, housing numerous domestic companies and multinational corporations.
Here are the average salaries in Moscow, Russia:
• Average salary (all occupations): 53,300 rubles (~$677) per month or $8,128 annually. Salaries tend to skew much higher for specific domains, especially high-skill jobs.
• Junior software developer: 50,000 – 100,000 rubles (~$636 – $1,273) per month.
• Mid-level software developer: 200,000 – 500,000 rubles ($2,545 – $6,364) per month.
• Senior software developer: 400,000 – 1,000,000 rubles ($5,091 – $12,727) per month.
• Data scientist: 200,000 – 500,000 ($2,545 – $6,364) monthly.
• Systems administrator: 90,000 – 300,000 rubles ($1,145 – $3,819) per month.
• Teacher: 30,000 – 120,000 rubles ($382 – $1,530) per month.
Salaries in Moscow tend to be significantly higher than average salaries across Russia due to the higher cost of living and wealth concentrated in Moscow. For context, the average wage in Russia is about 40,000 rubles ($509) per month.
So average salaries in Moscow range from about $500 – $1,000 per month for entry-level jobs to over $10,000 for highly specialized, technical, or senior-level positions. But there is undoubtedly wide variation depending on the job seeker’s occupation, skills, and experience.
What are some of the highest-paying jobs in Moscow?
Here are some of the highest-paying jobs in Moscow:
• Investment Banking – Salaries for investment bankers in Moscow can reach $200,000 – $300,000 per year for senior positions. This includes jobs like mergers and acquisitions analysts, investment managers, and corporate finance specialists.
• Energy Sector – Oil and gas jobs pay extraordinarily well in Moscow due to Russia’s extensive energy industry. Engineers, geologists, and executives in the energy sector can earn $150,000 – $250,000 per year.
• Management Consulting – Consultants at major international firms like McKinsey, BCG, and Bain can make $150,000 – $250,000 annually in Moscow. Senior partners can earn well over $500,000.
• Software Development – Highly skilled software engineers and programmers are in high demand and can command salaries of $100,000 – $200,000 per year or more. Specialists in areas like AI, machine learning, and blockchain tend to earn the most.
• Medicine – Specialists in high-demand fields like cardiology, oncology, and neurology can earn $150,000 – $250,000 per year working in private hospitals and clinics.
• Law – Partners at major international law firms in Moscow, especially those focusing on areas like corporate law and finance, can earn $200,000 – $500,000 per year.
• University Professors – Professors in areas of study with shortages, especially at top Russian universities, can earn $150,000 – $200,000 or more per year.
Those are just some of the highest-paying fields and occupations in Moscow.
What is the highest-paid city in Russia?
There is no definitive highest-paid city in Russia. Salaries vary widely across the country based on cost of living, industry, and job role. However, some of the cities with the highest average wages in Russia tend to be:
• Moscow – Not surprisingly, the capital city has some of the highest salaries in the country due to the concentration of economic activity and multinational corporations located there. Average wages in Moscow can be 1.5 to 2 times higher than in other Russian cities.
• St. Petersburg – Russia’s second-largest city, also has above-average salaries, though typically lower than in Moscow. Wages are higher for those working in IT, finance, and consulting.
• Novosibirsk – One of the largest cities in Siberia, Novosibirsk has a thriving IT industry that contributes to above-average salaries, especially for tech workers.
• Nizhny Novgorod – Another central tech hub in Russia, salaries in Nizhny Novgorod, especially in IT, tend to be higher than the national average.
• Kazan – The capital of Tatarstan, Kazan has a diversified economy focused on industry, technology, and banking. As a result, average salaries can be 20-40% higher than in other Russian cities of comparable size.
So, in general, the highest-paid cities in Russia tend to be large metropolitan areas with a highly skilled workforce and a concentration of higher-paying industries like technology, finance, and consulting. But Moscow remains the undisputed leader regarding average wages and salaries across professions.
Factors that Impact Salaries in Moscow
As mentioned, many factors impact salaries in Moscow. Here are a few of the most important:
- Industry: Salaries can vary widely based on the industry you work in. For example, those in finance or IT tend to earn higher salaries than those in retail or hospitality.
- Experience: As with most places, experience plays a significant role in determining salary in Moscow. Generally, the more experience you have, your salary will increase.
- Education: Higher education can also impact salaries in Moscow. Those with advanced degrees in finance or engineering tend to earn higher wages than those with only a high school diploma or primary college education.
Job Opportunities in Moscow
As mentioned, Moscow is home to many large companies and multinational corporations. This means there are often many job opportunities for those with the right skills and experience.
Some of the most in-demand jobs in Moscow include those in finance, IT, engineering, and healthcare. However, there are also many marketing, sales, and hospitality opportunities.
Cost of Living in Moscow
While salaries in Moscow may be higher than in other parts of Russia, the cost of living in the city is also higher. This is partly because Moscow is a large and bustling city with many amenities and attractions.
Some of the most expensive aspects of living in Moscow include housing (especially in central neighborhoods), transportation (particularly if you own a car), and dining out. However, many affordable options exist for those looking to live in the city on a budget.
FAQs
What is the average salary for IT professionals in Moscow?
The average monthly salary for IT professionals in Moscow is around 130,000 rubles.
What is the cost of housing in Moscow?
The cost of housing in Moscow can vary widely based on location and other factors. However, in general, accommodation in central neighborhoods can be pretty expensive.
What industries are most in demand in Moscow?
Some of the most in-demand industries in Moscow include finance, IT, engineering, and healthcare.
How does the cost of living in Moscow compare to other cities in Russia?
The cost of living in Moscow is generally higher than in other cities in Russia, partly due to the city’s financial and business center status.
Is it easy to find a job in Moscow?
There are often many job opportunities in Moscow, especially for those with the right skills and experience. However, competition can be fierce, so preparing carefully when applying for jobs is essential.
Conclusion
Overall, the average salary in Moscow is around 83,000 rubles per month. Salaries vary widely based on many factors, including industry, experience, and education. Additionally, the cost of living in Moscow is relatively high, so it’s essential to consider all factors when deciding whether to move to the city.
READ MORE: Commerce With IP Career Options?