In its study entitled "Salary guide Luxembourg 2021", Hays, the world's leading specialist recruitment company highlights the general trends in recruitment and salaries in Luxembourg.
In this article, we decided to take a closer look at the Tax & Legal sector, to see how it is evolving in the market and have a look at the salaries.
Market developments and outlook for the future
The financial sector in Luxembourg has become much more dynamic in recent years. This can be explained by the arrival of new investors, new regulations as well as the modernisation of regulatory functions, whether in Compliance, Risk or Legal.
This evolution marks a new departure for companies which are more than ever in need of experienced, competent and specialised profiles to cope with the growth of this sector.
Tax: jobs and wages
- Head of tax
At the end of the career (after 8 years' experience), the salary can rise to more than €100,000 per year.
- Tax Manager
Between 5 and 8 years' experience: a professional can expect to earn between €75 000 and €85 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €110,000 per year.
- Tax advisor
Between 0 and 3 years' experience: a professional can expect to earn between €45 000 and €55 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €75,000 per year.
- VAT specialist
Between 0 and 3 years' experience: a professional can expect to earn between €40 000 and €50 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €70,000 per year.
Compliance: jobs and wages
- Head of compliance
At the end of the career (after 8 years' experience), the salary can rise to more than €100,000 per year.
- Compliance officer
Between 0 and 3 years' experience: a professional can expect to earn between €50 000 and €60 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €90,000 per year.
- AML / KYC officer
Between 0 and 3 years' experience: a professional can expect to earn between €40 000 and €55 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €75,000 per year.
Legal: jobs and wages
- Partner
At the end of the career (after 8 years' experience), the salary can rise to more than €120,000 per year.
- Head of legal
At the end of the career (after 8 years' experience), the salary can rise to more than €90,000 per year.
- Legal counsel
Between 5 and 8 years' experience: a professional can expect to earn between €70 000 and €85 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €100,000 per year.
- Legal officer / Jurist
Between 0 and 3 years' experience: a professional can expect to earn between €40 000 and €55 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €80,000 per year.
- Corporate officer / Corporate secretary
Between 0 and 3 years' experience: a professional can expect to earn between €35 000 and €50 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €75,000 per year.
Risk: jobs and wages
- Head of risk
At the end of their career (after 8 years of experience), the salary can rise to more than €100,000 per year.
- Risk manager
Between 5 and 8 years' experience: a professional can expect to earn between €75 000 and €90 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €110,000 per year.
- Risk officer
Between 0 and 3 years' experience: a professional can expect to earn between €40 000 and €55 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €80,000 per year.
- Risk analyst
Between 0 and 3 years' experience: a professional can expect to earn between €35 000 and €50 000 per year.
At the end of their career (after 8 years of experience), the salary can rise to more than €75,000 per year.
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