Corporate heads in Zurich, Geneva and Sydney are the best paid in the world after taxes, according to a new iPhone application launched on Tuesday by Swiss bank UBS.
The head of a production department with a staff of around 100 will earn an average of 95,000 Swiss francs (83,700 euros, 120,500 dollars) per year in Zurich, compared to 73,000 francs in Geneva and 64,000 francs in Sydney, according to the application.
These are some of the information which can be garnered from the application, called "UBS prices and earnings", which allows users to obtain up-to-date international comparisons of a range of goods, services and incomes.
"Since 2009, the US dollar has slipped by more than one quarter against the Swiss franc, and the euro is down roughly 20 percent on the Swiss franc from two years ago," it said.
"Using exchange rates updated several times daily, it is virtually possible to follow (with the application) the latest fluctuations 'live'," UBS said.
In its statement, UBS said that Oslo, Zurich and Geneva were the most expensive cities in the world among the 73 surveyed, based on a basket of 122 goods and services.
Source: AFP Global Edition