The Alpine country offers “the complete expat package” with improved quality of life alongside excellent salaries and “swift career progression”, according to the report which ranks 33 countries globally and is based on interviews with just over 18,000 people in 163 locations.
Spain was ranked fourth in the overall rankings, for very different reasons. Germany was ranked eighth while France was 17th.
A total of 82 percent of survey respondents based in Switzerland said their life had improved since moving to the country while 67 percent of people said they felt safer in Switzerland than in their home country.
There were also very high levels of satisfaction with the country’s political and economic stability.
Top for incomes
The HSBC Expat Explorer breaks down its findings into three different categories: ‘living’, ‘aspiring’ (which refers to finances and career prospects) and ‘little expats’ – or family life and education.
Switzerland ranks relatively highly in all three categories, coming seventh overall for living and fourth for children and family life.
But it is in the realm of incomes that the country excels. Expats, or immigrants as many foreigners prefer to be called, earn an average $111,587 in Switzerland, against a global average of $75,966, according to HSBC.
That sees Switzerland score top for salaries, while it comes second for disposable incomes behind the United Arab Emirates (UAE).
However, Switzerland does less well on metrics such as career progression (15th place) and work–life balance, where it comes 16th.