Israeli Tech and Finance Salaries Surge Amid Economic Recovery
Translated & summarized from NEWSru Israel by baba
Israel's average gross salary hit a record 15,223 shekels in June 2026, up 7.7% year-over-year, as the job market recovers. High-tech salaries rose 13.7% to 35,760 shekels, while the financial sector saw a 17.9% increase to 27,143 shekels due to record bank profits. These high-paying sectors contrast with education and healthcare, which employ more people but offer salaries significantly below the average.
The story in 5 lines · by baba
- Average Israeli salary reached a record 15,223 shekels in June 2026, up 7.7% from the previous year.
- High-tech salaries increased by 13.7% to 35,760 shekels in May.
- Financial sector salaries surged 17.9% to 27,143 shekels in May, driven by bank profits.
- High-tech and finance sectors employ 12.1% of workers but account for 28.8% of wages.
- Education and healthcare sectors have lower average salaries, around 30% below the national average.
The average gross salary for an Israeli employee reached a record 15,223 shekels in June 2026, according to preliminary data from the Central Bureau of Statistics. This figure represents a 7.7% increase from June of the previous year and a 6.7% rise from May. The number of jobs for Israeli employees also climbed to 4.216 million in June, up 1.1% from May and 2% year-over-year, indicating a continued labor market recovery following a dip in March due to "Operation Lion's Roar."
In the high-tech sector, the average salary in May was 35,760 shekels, a 13.7% increase compared to the previous year, though the number of jobs remained stable at 397,100, with the sector's share of total employment dropping to 9.5%. High-tech employees earn, on average, 2.5 times more than the general workforce.
The financial sector, encompassing banks, insurance, investment companies, and institutional investors, saw the most significant salary growth. The average salary here reached 27,143 shekels in May, a 17.9% annual increase. This surge is attributed to record profits in the banking sector, with the five largest banks earning over 32 billion shekels in 2025, leading to higher employee bonuses tied to capital returns.
Together, the high-tech and financial sectors account for approximately 505,000 jobs, or 12.1% of the total workforce, but contribute 28.8% to the overall wage bill. In contrast, the education sector employs 645,300 people with an average salary of 10,091 shekels, and healthcare and social services employ 633,300 with an average salary of 9,815 shekels. These sectors, representing nearly a third of all jobs, offer salaries approximately 30% below the national average.
