In the field of economic development, companies are supported to grow and succeed, whether by providing information, financial support, or by creating a positive business climate. Employees in economic development often work with local governments, businesses, and other organizations to develop strategies that promote economic growth.
The average salary in Germany varies according to position, professional experience and location. The average salary is about €51,600 per year. Salaries can range from €47,050 to €130,000 per year, with an average of about €58,500. Regional differences are also to be taken into account: in Baden-Württemberg, salaries range from €5.488 to €68,046, in Bavaria between €5.35 and €66,340 and in Berlin between €5.3 and €6.600. For management positions, such as the head of economic development, one can expect a median salary of €5.4178.
A career in economic development usually requires a degree in business administration, economics, or a related field. Many universities offer special courses or courses that focus on economic development and funding opportunities. Practical experience through internships or internships is also an advantage.
There are many career paths in economic development. You can work in various fields, such as regional economic development, business consulting or public administration. With sufficient experience, it is also possible to achieve positions in the upper management level or to become self-employed and offer your own consulting services.
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