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Austria.
Where Your Profits Grow Sky High.

Austria’s vocational training is tops

students at the university © ABA / Richard Tanzer

The index compares the employment, education and further education rates of people aged 16-24 from 34 OECD countries. Austria is rated fourth behind Switzerland, Germany and Iceland.  

Apprenticeship training as well as the education guarantee up to the age of 18 are responsible for Austria’s good performance. As a result, there is a comparatively low drop-out rate among young people who are neither in school or undergoing vocational training. Austria has a rate of 11.7% for the young people at the age of 20-24, slightly behind Germany with 9.3% but ahead of the overall winner Switzerland with 12.2%. The OECD drop-out average is 17%. PwC experts also gave Austria good marks in its measures to strengthen mathematical and scientific competencies (MINT subjects – mathematics, informatics, natural sciences and technology).

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Located in the heart of Europe, Austria offers an optimal base for our internationally orientated business. The great funding options as well as the support of institutions such as ABA – Invest in Austria and the Vienna Business Agency have turned out to be real USPs for the business location Austria. More and more skilled workers are drawn to Austria, because of it’s high living standard. This has helped us tremendously finding highly qualified employees for our company. We feel right at home within the steadily growing international ecosystem and easily built a network with local parties. One can feel the spirit and the will to grow into a bigger startup hub like Germany or Sweden. We hope, that by sharing our positive experiences, we can help attract more global talent to come to Austria.

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