Wednesday 09, August 2017 by Jessica Combes

Dubai among the 30 best cities in the world to work in a start-up

 

Nestpick studied hundreds of cities, utilising 13 criteria to rank the best cities to work in start-ups.

Furnished apartment platform, Nestpick, have produced a ranking comparing 85 cities worldwide to discover which offer the best quality of life for those employed in the start-up industry. With an interest in the relocation patterns of young professionals across the world, Nestpick combined their professional knowledge with this insightful research project, examining the cities via 13 factors synonymous with start-up professionals.

“Certain cities may offer bigger pay checks, but after considering taxes and living expenses, the return may not be so high. Similarly, professionals should consider quality of life: will vacation days be adequate to visit home? Is healthcare as accessible as you would like it to be?” said Ömer Kücükdere, Managing Director of Nestpick. “We believe that time taken researching potential employers should not overshadow understanding the best cities in which to work. We hope that our study helps those looking to work in start-ups identify the cities which may best suit their needs.”

The factors can be broken down into five important criteria; the city’s start-up ecosystem, the salaries on offer in each location, social security and benefits the city offers, cost of living, and quality of life.

These criteria were further broken down into the following categories; for salaries, average salaries for entry level and experienced positions were taken into account for project management, tech, and marketing roles. Social security and benefits took income tax, health care quality and vacation into account, whilst quality of life analysed gender equality and safety in each location. Finally, cost of living looked solely at the Affordability of each city.

span style="font-size: small;">The results show that Singapore calculated as the best place for those looking to work in start-ups. The Asian hub scored well in terms of healthcare and safety and its offerings of a vibrant start-up scene, boosting career opportunities.  

Further Insights:

         San Francisco, USA has the highest salaries across all industries studied, for both entry level and experienced positions. However, despite high salaries, San Francisco ranks in the bottom 10 cities for affordability.

         Of the top 10 highest earning cities, 70 per cent are in the US.

         Cairo, Egypt has the lowest salaries across all industries for entry-level positions, while Tunis, Tunisia has the lowest salaries for experienced positions.

         Dubai, UAE has the highest overall Social Security & Benefits score*, with the best score for income tax, but ranks last for equality. Lagos, Nigeria has the worst Social Security & Benefits score, with the lowest ranking Health Care Quality and Vacation Days.

         50 per cent of the lowest ranking cities for Healthcare Quality are in Asia.

         Vienna, Austria and Valletta, Malta are the joint top ranking for Vacation Days, while six French cities (Nice, Toulouse, Marseille, Lyon, Nantes and Paris) rank jointly first for Health Care Quality.

         Munich, Germany has the highest overall score for Quality of Life whereas Sao Paulo, Brazil has the lowest—it also ranks last for safety.

         Bangalore, India comes out top for affordability, compared to New York City, USA which ranks last.

         Helsinki, Finland ranks top for equality while Singapore, Singapore ranks top for safety.

 

 

  

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