Malta’s economy is booming and new industries are flourishing, like iGaming, bitcoin, and cryptocurrencies. 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. For expats, Malta is a country full of golden opportunities. Then, this will lead us to one question: What jobs are in demand in Malta?
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Below are just some of the hottest jobs in Malta today. As its economy continues to grow and more new, exciting, and disruptive businesses choose to make this island their home, we can expect the need for highly-skilled and talented individuals to continue to rise. If you are thinking of relocating somewhere for a better career, then Malta could be the place for you! But, before we go any further, you’d better know the best things you can get by working in Malta.
Why Malta?
The top reasons to choose Malta for an overseas career can be its laidback lifestyle and temperate climate. Additionally, the booming economy is a favorable factor to work in Malta. Besides, the other factors acting in favor of the country include the tax structure, low cost of living, and the quality of life. In fact, the World Happiness Report 2018 ranks Malta to be the 22nd happiest country in the world. Also, a high standard of education and health facilities are available to everyone.
The indices for Malta are comparable to the best countries in terms of cost of living, safety, health, freedom, environment, and climate. An InterNations survey of 2017 of expats from 191 countries revealed that 92% of expats were in favor of Malta because of its weather and the ease of settling down in the country.
And even though the average Maltese salary is below the EU average, it is complemented 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”.
So, without further ado, let’s check out the jobs that are high on demand in Malta at the moment.
What Jobs are in Demand in Malta?
1. Blockchain Developers
Malta is currently on track to become the first country in the world to legislate in favor of blockchain technology, ICOs, and cryptocurrencies. This means that it is fast becoming a hot-bed for crypto and related industries. Good blockchain application developers are hard to come by and while there are many app developers around, finding ones with the right specialty is hard. This is an exciting new sector in Malta and demand and salaries are high for skilled individuals.
And, one of the places where you want to peek at is Binance. Particularly, Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of the trading volume. In March 2018, Binance announced its intentions to open an office in Malta.
In short, for more information on the opportunities, you can get on Binance, visit its career page here.
2. iGaming Experts
An industry already responsible for 12% of Malta’s GDP, the iGaming industry shows no sign of halting its tremendous growth. On the contrary, industry forecasts predict a global online gambling market value of 94.4 billion US dollars by 2024. Ever since Malta became the first EU member to regulate online gaming in 2004, the iGaming industry has steadily grown to embed itself within Malta’s economy.
Hence, it is no surprise that the companies within the iGaming industry invest significantly in developing the talents and skills of their employees. In particular, the companies do this through training and mentoring programs across all departments. All in all, the iGaming industry has brought along with it an excellent offering of roles that are necessary for all companies to operate successfully.
Today, a number of job openings are available for international as well as local individuals seeking a career in iGaming.
3. IT Specialists
The Information Technology (IT) industry in Malta has long been on the rise. In fact, many companies are opening a number of gaming vacancies in Malta over the past few years.
In addition to the booming gaming industry, IT departments in financial services companies heavily recruit individuals with skills in IT. Also, specialized IT services companies are working hard to employ bright individuals. Fascinatingly, due to the high demand, salaries and benefits are in general significantly higher than averages in other industries.
4. Web & Graphic Designers
With so many digital industries making their mark in Malta, there is a big demand for people to create artwork to reflect the power of the brand. Particularly, freelance, agency, and in-house graphic designers are highly sought-after to create logos, web graphics, and other promotional materials. Hence, if you are someone skilled, then Malta could be the perfect place for you to spread your wings.
5. Accountants
Interestingly, the Maltese financial services industry has witnessed rapid growth over the last decade. In reality, there are over 6,000 people presently employed in the financial services sector (excluding law firms and accountancy firms). Thus, the industry is contributing a significant 12% to the country’s GDP.
In fact, Malta is home to the Big Four accounting and auditing firms. Besides, a huge range of boutique and specialist corporate services providers start their journey here. Then, are you a qualified and accredited accountant? If so, you will get snapped up in an instant the minute you set foot in the country.
6. Full Stack Developers
Again, thanks to the rapid growth of the IT sectors in Malta, the demand for full stack developers rose considerably as well. In fact, full stack developers specifically, are the highest earners in this job category. Typically, they get paid about €55,000 per year, which amounts to €4,600 per month.
In particular, this position entails a lot of responsibilities, such as:
- Coding and testing of complex applications
- Creating a highly functional and easy to manage application
- Estimating project expenses for project managers and clients
As such, you must know how to design, build and execute both front-end and back-end applications.
7. Doctors
Lastly, what jobs are in demand in Malta aside from the IT and finance industries’ jobs? In fact, working in the healthcare industry in Malta is something worth trying. Additionally, the salary of a doctor in Malta starts at €6,000 per month. And, while this amount doesn’t seem like much, it actually comes with a lot of perks that reduce your expenses. Therefore, you’ll 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 the following perks:
- Fully-furnished accommodation with complimentary cleaning services and catering
- Free transport to and from work
- Medical insurance
- Thirty days’ worth of paid leave
- A complimentary mobile phone
As result, you’ll be able to save most of your money while you work as a doctor at a state hospital. Also, you will be able to build a healthy investment portfolio in the meantime.