Salaries at Porsche disclosed - that's what you earn at the sports car manufacturer from Stuttgart

Created: 2022-06-27 04:47

By: Julian Baumann

Porsche AG has a total of 36,000 employees - all of whom receive a performance bonus in addition to their salary.

© Marijan Murat/dpa

The sports cars from Porsche AG are extremely popular but not exactly cheap.

The question arises as to whether this will also have an effect on the salaries of the employees - that's what the Stuttgarters really deserve.

Stuttgart - Porsche AG is known for its sports cars, which are delivered and sold worldwide, but are still only built in Germany.

The manufacturer has its headquarters in the Zuffenhausen district on the Stuttgart border with the Ludwigsburg district and also runs a very popular museum there.

As a manufacturer of premium sports cars and luxury SUVs, Porsche is a popular employer.

Accordingly, many car fans and technology enthusiasts would like to have a career at Porsche.

It should come as no surprise to anyone that Oliver Blume, CEO of Porsche AG since 2015, earns a substantial annual salary.

But is the proud selling price of popular models such as the Porsche Taycan, the 911 or the Cayenne also reflected in the salaries of the other employees?

That sums up

.

Porsche AG: The salary when you join the company - trainees and interns

The history of Porsche AG goes back to a small design office that was opened by Ferdinand Porsche in 1931 in the state capital of Stuttgart.

The brand, which is a subsidiary of Volkswagen AG, is now known and loved all over the world.

Although the Stuttgart company has around 36,000 employees worldwide, Porsche has retained the image of the small Swabian sports car manufacturer.

In contrast to Daimler AG, whose salaries are divided into management levels, there is a different hierarchy at Porsche.

However, the payment of many employees is also regulated by the collective agreement with the trade union IG Metall.

The recruiting platform

voted Porsche AG the most popular employer last year.

Apprentices are paid according to the IG Metall collective agreement for the metal and electrical industry, as reported by the

.

According to this, in the first year of training they can expect a gross monthly wage of 976 to 1,037 euros and in the fourth year 1,141 to 1,264 euros per month.

An internship is certainly the best way to start with the Swabian sports car manufacturer, even if such a project is not easy due to the high demand.

Anyone who snags a coveted internship at Porsche AG can look forward to a full-time annual salary of 15,100 euros, reports

, referring to information from the job portal

.

Working students, on the other hand, earn a gross annual salary of between 12,480 and 21,120 euros.

Porsche AG: Salaries at the Stuttgart sports car manufacturer - from skilled workers to CEO

Not only the salaries of the trainees at Porsche AG depend on the wage agreement of the IG Metall, but also the payment of many other employees.

A skilled worker in production earns around 50,400 euros gross per year and an industrial mechanic earns an average of 52,900 euros, as

reports.

Research engineers receive an average of 85,700 euros gross per year from Porsche and team leaders can look forward to an average annual salary of 100,600 euros.

At Porsche AG, the salaries of the specialists, who are paid outside of collective bargaining agreements, are higher than this.

These include, for example, chief buyers for certain vehicle parts groups with an annual salary of up to 150,000 euros or managers in prototype construction up to 170,000 euros gross.

A selection of annual salaries at Porsche AG for specific positions:

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)

At the top of the corporate structure of Porsche AG, both entrepreneurially and in terms of pay, is the Executive Board headed by Oliver Blume.

The Porsche boss himself earns around 4.76 million euros per year in good years like those before the Corona crisis, as the

reports.

The fact that the Porsche CEO drives a Taycan is almost a must.

After all, the Stuttgart-based company is celebrating great success with the electric sports car and even cracked an e-car milestone of 20,000 models sold last year.

The success bonus at Porsche AG, on the other hand, is already legendary, since it is given to each of the 36,000 employees.

In 2019, it was 9,700 euros per head, which for some employees corresponds to three full months' salary.

In addition, according to the

, there should still be an employee discount of 20 percent on the popular models.