Malta’s economy is booming and new industries are flourishing, like the iGaming (not so new) medical cannabis, bitcoin and crypto currencies. Most people who come to work and live in Malta fall in love with its great history and culture, beautiful beaches, and great weather, and end up settling on the island for good.
And even though the average Maltese salary is below the EU average, it is complimented by equally low and reasonable income tax rates that ensure enough financial security to afford a nice place to stay, good medical care, insurance, a healthy savings account and all the other costs that come with “adulting”.
However, rental property in Malta has gone up by about 40% in the past 3 years. Hence, the need for a better paying job. There are certain job positions in Malta that enable you to earn higher than the average salary, so that you can increase your investment portfolio, travel a little more and perhaps give back a little.
What is a high salary in Malta? Well, according to our research, which involved speaking to various professionals in different fields, € 8,000 per month is the highest salary available to Maltese residents and expats alike.
Now, if you’re looking for such a high-earning job opportunity in Malta, then you’ll want to look into the following positions.
Quality Manager
Working as a Quality Manager in Malta means that you’ll have the potential to earn anything from € 80,000 to € 120,000 per annum, which translates to about € 6,500 to € 10,000 per month.
What does a Quality Manager Do?
Quality Managers typically work on property development and construction projects to ensure that all operations on the plant and behind the scenes run smoothly. As such, applicants are required to have a background in engineering as well as some experience in working on the quality management of residential, commercial or hospitality projects.
Key Account Manager
Key Account Managers typically earn around € 6,000 per month and some companies are even willing to help candidates relocate for this position due to the lack of skilled personnel that apply to jobs like this. Plus, it’s a position that usually comes with attractive bonuses and benefits as well, which means that you’ll have more of your salary left each month to do with as you wish.
What does a Key Account Manger Do?
The work of a Key Account Manager is to act as client liaison between a company and its clients, while ensuring that the partnerships formed remain strong and enduring. They’ll also be given the responsibility to develop and execute account plans that will drive the business’ goals towards fruition, and this involves monitoring KPIs and account metrics.
They’ll also be required to sell and up-sell the company’s products or services, and inform and teach customers about the company’s products and/or services.
As such, Key Account Managers are required to have a background in account management, B2B direct client sales and a proven track record as an excellent communicator who’ll be able to successfully fulfill the role of client liaison. It also helps to have some experience in the particular industry that the company you’re applying to is involved in, as well as strong planning and strategic capabilities.
Project Manager
Project Managers typically earn between € 6,500 to € 8,000 per month in Malta, and because of their universally applicable skills they have the opportunity to work in a wide range of industries.
What does a Project Manager do?
The responsibility of a Project Manager involves quality management and overseeing the implementation of a project from start to finish. Their duties could include the following:
- Organizing the teams responsible for the implementation phase
- Performing risk assessment
- Advising team leaders on how to carry out certain aspects of the project that they might be struggling with
- Ensuring the achievement of the project’s goals
- Recruitment of sub-contractors and specialists
- Keeping track of progress and individuals that are responsible for that progress using specialized IT systems
- Supervising the costing
- Managing the billing and accounting end of the project
- Updating the senior shareholders and management on the project’s progress on an ongoing basis
Doctor
The salary of a doctor in Malta starts at € 6,000 per month, and while this amount doesn’t seem like much it comes with a lot of perks that reduce your expenses so that you have more of your income left at the end of each month than you would with other positions.
For example, doctors in Malta are often offered fully furnished accommodation with complimentary cleaning services and catering, free transport to and from work, medical insurance, 30 days’ worth of paid leave and a complimentary mobile phone.
So, you’ll be able to save most of your money and build a healthy investment portfolio while you work to develop your skills as a doctor at a state hospital.
What does a Doctor do?
The responsibilities of a physician differ according to their unique field of expertise. So, for example, a doctor of gynecology/obstetrics would concentrate on the female reproductive system, pregnancy and child birth, whereas a surgeon’s job is to perform surgery in order to treat disease, heal injuries and correct deformities. Then you have eye specialists, ear specialists, pediatrics (children’s doctors) and even geriatric doctors who earn significantly more with experience and because of their specialty.
Compliance Officer
Compliance officers in Malta make €60,000-70,000 per year, which amounts to about €6, 000 per month. While Compliance Officers do work within a team, much of their work is done independently, which is why this position requires someone who is self-driven and motivated.
What does a Compliance Officer do?
The work of a Compliance Officer involves the procurement and maintenance of licenses on behalf of a company, organizing AML and RG training, liaising with authorities, taking measures to properly manage compliance guidelines, investigating and resolving compliance issues, processing internal agreements, and maintaining all compliance related files and documents.
Compliance Officers are also responsible for developing, introducing, managing, and reviewing company policies among many other duties, and experience in MGA and UKGC regulations is very beneficial to this position.
Senior Full Stack Developer (Java)
Thanks to the rapid growth of the IT and finance sectors in Malta, the demand for Full Stack Developers has risen considerably as well. Senior Full Stack Developers specifically, are the highest earners in this job category, and typically get paid about €55,000 per year, which amounts to €4,600 per month.
What does a Senior Full Stack Developer do?
This position entails a lot of coding and testing of complex applications, the creation of highly functional and easy to manage application, as well as estimating project expenses for project managers and clients. As such, the applicant must have thorough understanding of SDLC and know how to design, build and execute both front-end (Angular) and back-end (JEE) applications.
They should also have knowledge of how to carry out training for Sun CERT Secure Coding Techniques on a regular basis, while ensuring that the company is in compliance with InfoSec Policies & Procedures, as well as Acceptable Use Policy.
Now, it’s important to note here that the salary figures displayed above are contingent on one’s education level and the amount of experience they have in the particular field or position featured. In some cases, you may be eligible for a raise after several years working in the same company, unless the position is based on a limited contract. Plus, the more experience you have in a particular field or position, the higher salary you’ll be able to command.
If you consider yourself such a candidate, then you may be able to find suitable positions in places like Vacancy Centre Recruitment, which features a variety of job offers from different industries and companies in Malta.