As the capital of the Czech Republic, Prague is the major economic and financial center of the country. Those working in the capital account for roughly a quarter of the country’s GDP.
The city’s central location within Europe has made it a popular destination among foreign investors. Most multinational companies operating in the Czech Republic have their headquarters in Prague, as do many of the largest Czech companies.
Another plus for those who are considering working in Prague is the low unemployment rate. In recent years, it has been hovering around six to seven percent of the total labor force, which is relatively low compared to the EU member state average of 9.6%. Prague’s favorable economic conditions have not gone unnoticed by the global expat community and the number of foreign workers arriving in Prague is still on the rise.
In recent decades, Prague has turned from an industrial city to a modern service and R&D-based economy. During this process, local entrepreneurs have been very successful in attracting both foreign and domestic investments.
Nowadays, the service sector is the city’s growth engine and employs around 80% of the workforce in Prague. The most important are the financial sector as well as trade-related services. Another increasingly relevant industry in Prague is that of tourism.
The number of those working in Prague’s traditional industry is declining. The automobile, pharmaceutical, and electrical engineering industries remain of importance for the city, however. And, yes, there are still some breweries, too — although their actual economic significance is marginal.
The golden days when you could simply come to Prague and find a job the following day are over. Nevertheless, job opportunities still exist, especially for expats with concrete skills in the fields of finance, IT, and business development. These are also the fields which boast the highest average salaries: with the average monthly wage in the Czech Republic being 45,900 CZK, all the previously mentioned job categories generate above average incomes.
There are also manifold opportunities for foreign language teachers in Prague — although the monthly wage here will be closer to the 25,000 CZK mark. For more info, check the section on teaching English below.
For those who would like to start working in Prague, there are several ways to find a job there. Since multinationals in Prague are generally the most likely to hire expats and offer the most competitive salaries, it is advised to start your search there. A good starting point is to check your national chamber of commerce or diplomatic representation in Prague for a list of companies from your home country with offices in Prague.
Alternatively, you might want to check out some of the following websites for job offers in Prague:
If possible, consider coming to Prague for a couple of days to go job hunting on the spot. Depending on the type of position you are looking for, this might just be the most effective way to find the right type of work.
As in many other countries, working in Prague teaching English (or another language) is a popular option for those who would like to get a chance to experience the country, its culture, and its people. In Prague there is a continuously high demand for native English and German speakers in particular.
The majority of jobs at private language schools or companies require a degree as well as either sufficient teaching experience or a TEFL certificate. Alternatively, giving private lessons can be a profitable line of work, too.
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