Standing on the banks of the River Israr, Munich lies at the north of the Bavarian Alps. It is the seat of the Bavarian administrative region of Upper Bavaria and is also the second-largest city in the Bavarian dialect area, after the Austrian capital of Vienna.
Today, Munich is one of the foremost global hubs and centres of art, science, tech, finance, publishing, culture, tourism, business and education. As per the recent Mercer survey, Munich’s standard of living was recognised as the highest in Germany — and the third highest in the world! It was also rated as the world’s most liveable city according to a recent Monocle’s Quality of Life Survey. It’s also won the accommodate of being an “alpha-world city” (a global city, also called a power city, world city, alpha city or world centre, is a city which is a primary node in the global economic network). It is not surprising that Munich is also one of the most prosperous and fastest-growing cities in Germany.
High tech, the service sector, IT, biotechnology, engineering, electronics and automobiles drive Munich’s progressive economy. The Bavarian city is the headquarters of many multinational companies such as BMW, MAN, Linde, Allianz, MunichRE and Siemens. The metropolis is also home to two world-class research universities and an array of scientific institutions. The city is also known for its globally acclaimed museums including Deutsches Museum and BMW Museum.
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