Are you a STEM professional who wants to earn more while being productive and effective? Or, are you seeking to start a career in STEM and you want to know the most profitable places to practice as a STEM professional? Then this article is for you! In this article, we’ll explore the top countries that are most profitable for STEM professionals to work in.
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Table of Contents
Why study STEM?
- Encourages problem-solving: STEM involves research. Students learn the cause of problems and the possible lasting solutions that can solve such problems. This is one of the reasons why STEM professionals are in high demand in the world today.
- Enhances creativity: Creativity is also enhanced when students study STEM courses. They find out the best possible way to solve a problem while thinking about the impact on our world. They push their minds to be creative.
- Encourages innovative thinking: The world is dynamic and it changes. So, as humans, we also have to be dynamic and find a way to adapt to the changes in time. Students who study STEM courses learn to observe, analyze, and come up with reasonable and workable solutions to problems.
- Encourages communication and collaboration: Because the STEM field is broad, one person can’t know all about it. Each field is also equally important. This is the reason why STEM professionals have to collaborate and work together on projects that will be beneficial to everyone.
- Access to opportunities: Because of the changes in society and the adaptation of the world to technology and technological tools, the demand for STEM professionals is on the rise. Additionally, STEM professionals are also entitled to attractive salaries.
Top 10 countries for STEM JOBS
The top 10 countries to land profitable STEM jobs include:
1. Canada
Canada is an English-speaking country making it easy for people who understand and speak the English language to fit in. Its robust economy, abundant natural resources, strong infrastructure, conducive environment, and progressive infrastructure put it on the map for STEM professionals who are seeking employment. Canada is a country that embraces science and technology and it is also home to some of the top universities that offer STEM courses like the University of Toronto, the University of British Columbia, the University of Waterloo, etc. Those who are looking for employment in fields like petroleum engineering, and chemical engineering, will find opportunities in Canada. The average yearly payment for engineers in Canada is $90,677.
2. India
India is one of the emerging countries in the Asian continent. This implies that there are opportunities for professionals in the STEM field to tap into the changing development. India accepts engineers and professionals in all specializations to help contribute to its growing economy and infrastructure. There is no shortage of STEM-related jobs for professionals in this field as India has a growing population of about 1.3 billion people. Some of the popular industry jobs for professionals in the STEM field in India include biomedical engineering, computer engineering, aerospace engineering, and civil engineering among others. For young graduates, India serves as a suitable destination as the demand for professionals in the STEM field is on the rise.
3. England
England has continued to be a top spot for scientists and STEM majors generally. Some of the top STEM universities in the world are located in England. Where there is a university, there will be research and research leads to more findings and opportunities that will be beneficial to everyone. Although getting a job might be quite tasking, it is worth it as STEM jobs are generally profitable in the country. For engineering professionals, England
Is a viable location because of its standing as an international hub with one of the largest economies in the world. As an English-speaking nation, international students who speak English do not have to worry about a second language. Some of the top STEM jobs in England include system administration, data analysis, architecture, engineering, and computer science among others. The average salary of an engineer is about £73,000 per year.
4. Switzerland
Switzerland is among the top wealthiest countries in the world. Its wealthy economy, economy guarantees that its workers will be paid reasonably. It is also recognized for its contributions to the development of different sectors like manufacturing machinery, and watchmaking among others. Since manufacturing requires research, it is a vital component of the Swiss economy, professionals like mechanical and chemical engineers would have opportunities here. Switzerland is the brain behind products like aluminum foil, the Swiss Army knife, Velcro, and absinthe. In addition to the job opportunities offered here, Switzerland also provides quality education as awesome of its universities rank top worldwide including the University of Zurich and the University of Geneva among others. The academic institutions are fully funded and have low enrollment fees. The average base pay for an engineer in Switzerland is $117,123.17 per year
5. United States of America
The average salary of an engineer in the United States is $103,795 per year. Additionally, the country is also a good place for STEM professionals to pitch their careers. The growing economy, dedication to research, and the flexibility to adapt to changes give professionals an edge to thrive in this country. Moreover, the United States is home to some of the top 10 universities in the world like Massachusetts Institute of Technology (MIT), Stanford University, University of California, Berkeley (UCB) among others.Â
6. China
According to World Population Review, China is responsible for 28.4% of the entire world’s manufacturing output. To maintain this feat consistently, certainly, the need for professionals will also be on the increase. The Chinese government is dedicated to investing in various sectors like technology, science, and infrastructure. This means that there is an attractive opportunity for professionals in the STEM field to be a part of this development. The country also prioritizes globalization, which means that international students in the STEM field can start their careers here. Some of the cities with big opportunities in China include Shanghai, Beijing, Guangzhou, and Chongqing among others. The average salary for an engineer in China is $39111.46 per year.Â
7. France
France is popularly known for its arts, beauty, and the huge role they equally play in science. STEM professionals can work in various sectors including manufacturing. There is a diverse range of fields one can explore like robotics, machines, vehicles, and lots more. STEM professionals are in high demand and there are many engineering jobs in major cities like Paris, Lyon, Marseilles, and others. Being multilingual can also increase your chances in France. If you are skillful, knowledgeable, and effective, then all of these additionally put you in a favorable condition. The average salary of an engineer is $49,789.67 per year.
8. Luxembourg
Luxembourg is one of the smallest countries in Europe but stands among the highest-paying countries in the world. STEM professionals who desire to be profitable in their careers can pitch their tent in this small but mighty country. An engineer in Luxembourg can earn as much as 73,107.06 per year. Consequently, the low unemployment rate (4.7%) and skilled workforce might make the chances of getting employed a bit slimmer.
9. Germany
All through history, some of the great mathematicians, physicists, and biologists had Germany as their country of origin. Additionally, Germany has a history in engineering. It also has the largest economy in Europe. There is a high demand for professionals in the industrial sector so STEM graduates have the opportunity of getting employed. Moreover, some of the most lucrative jobs are found in major cities like Berlin, Frankfurt, Hamburg, and Munich. Some of the fields with high demand for STEM professionals include automobile, mechatronics, and pharmaceutical engineering. The average salary for an engineer in Germany is 76,200.25 per year.
10. New Zealand
New Zealand has a strong economy and opportunities for professionals in the STEM field, especially engineers. Although it is growing at a steady rate, it provides professionals willing to start their careers an opportunity. Civil, mechanical, and geotechnical engineers are some of the high-in-demand professionals in this country. The average salary of an engineer in New Zealand is $ 44,781.75 per year.
Best universities to study STEM courses
Below is a list of the top universities in the world to study STEM-related courses according to the 2022 QS world ranking.
- Massachusetts Institute of Technology (MIT)
- University of Cambridge
- University of Oxford
- Nanyang Technological University, Singapore (NTU Singapore)
- Stanford University
- ETH Zurich
- National University of Singapore (NUS)
- Imperial College London
- University of California, Berkeley (UCB)
- Delft University of Technology
- EPFL
- Harvard University
- Politecnico di Milano
- Tsinghua University
- California Institute of Technology (Caltech)
- Georgia Institute of Technology
- The University of Tokyo
- Carnegie Mellon University
- Technical University of Munich
- KAIST – Korea Advanced Institute of Science & Technology
Let’s help you
Desire to start a profitable career in STEM? The first step is to get a degree or a post-graduate degree in the STEM field of your choice. As an international student, you can study at some of the best universities in the world without having to worry about the cost of the student loan plan.
MPower Finance and Prodigy Finance are some of the best student loan providers for international students. They also do not require any cosigner or collateral before application. Reach out to us today and let’s help you get started.
Also, read: What Are The Highest-Paying STEM Jobs In The UK?
What Are The Highest-Paying STEM Jobs In Australia?
This Is How Long You Can Stay In The US After Studying STEM
What Are The Highest-Paying STEM Courses In Europe?
