Wages grew for three out of five of the largest currency groups, with median salaries paid in British pounds, U.S. dollars, and Chinese yuan increasing 10%, 5%, and 1%, respectively. Euro salaries were flat, while salaries paid in Japanese yen declined 5% over the last year.4
Over the longer term, median salaries have increased in all five currency groups. Pay in Chinese yuan has increased the most, rising 33% between 2011 and 2014, then remaining flat.
Pay for PhDs, the largest subset of survey respondents, is highest in either Switzerland or the United States at all career stages, followed by Australia. Germany and the Netherlands have the highest median wages in Europe, while South Korea and Japan are at the top in Asia.