Banking jobs in Switzerland 2024 – Apply Now

Switzerland is known for its stable and secretive banking system. The country also has a booming financial sector with lots of job openings. Switzerland is a center for international banking, so it draws people who want to work in challenging and rewarding jobs. With a strong economy and a good business climate, Switzerland is a great place for people who want to move up in their banking jobs.

The Swiss banking industry is known for its strict rules, cutting-edge technology, and dedication to doing the best job possible. Large Swiss banks like UBS Group AG, Credit Suisse Group AG, and Julius Baer have a wide range of jobs, from entry-level to top management. Whether you are a recent finance graduate or have worked in banking for a long time, Switzerland is a great place to advance your job.

This piece will talk about the newest banking jobs in Switzerland, the skills and qualifications needed, and the steps to take to get a job in this highly sought-after field. We will also talk about the typical pay ranges, language requirements, and insider tips for people from outside of Switzerland who want to work in banking. If you’re looking for a job in Swiss banking, this guide is meant to help you, whether you’re from Switzerland or another country.

Top banks in Switzerland to work

In 2024, these are some of the best banks in Switzerland to work for:

• UBS Group AG: It was created in 1998 when the Union Bank of Switzerland and the Swiss Bank Corporation merged to form UBS Group AG.
• Julius Baer: One of the oldest and most well-known banks in Switzerland is Julius Baer.
• Raiffeisen Switzerland: This bank is known for the way its employees work together.
• Banque Cantonale de Genève (BCGE): is a bank for the canton of Genève that provides a range of banking services.
• Credit Suisse Group AG: is an investment bank, wealth manager, and financial services company with offices all over the world.
• HSBC Private Bank (Suisse): This is where the Swiss branch of the world bank HSBC is located.
• J.P. Morgan (Suisse): The Swiss part of the global financial services company J.P. Morgan is called J.P. Morgan (Suisse).
• Standard Chartered Bank (Switzerland):  This is the arm of the British global banking and financial services company Standard Chartered which works in Switzerland.
• Vontobel is a Swiss private bank that works with clients all over the world.

Benefits of Banking jobs in Switzerland

• Competitive Compensation: Compared to many other fields, banking jobs in Switzerland offer very competitive pay and bonuses.
• Stability: The banking industry in Switzerland is known for being stable, making it a safe place to work even when the economy changes.
• Career Growth: There are many ways to move up in your career in Swiss banks. You can work your way up the corporate ladder and take on more tasks.
• International Experience: As a global financial hub, Switzerland gives you the chance to work on a wide range of projects and meet people from around the world.
• Work–Life Balance: Swiss banks often put a lot of emphasis on work-life balance by giving employees flexible hours and lots of leave time.
• Professional Development: Swiss banks put money into their workers’ growth by giving them training, seminars, and certifications to improve their skills and knowledge.
• Health Insurance: Most people who work in Swiss banks get full health insurance, which includes medical, dental, and eye insurance.
• Retirement Plans: To protect their workers’ financial futures, banks offer appealing retirement plans and pension plans.
• Cultural Diversity: People who work in Swiss banks meet with coworkers and clients from a wide range of cultures, which creates a multicultural workplace.
• Visa Sponsorship: Some banks may be able to help qualified foreign candidates get visas, which makes it easier to legally work in Switzerland.

Latest banking job opportunities in Switzerland

The following are some of the newest banking jobs in Switzerland:

• BA Core Banking at BillEase. This is a full-time position.
• Senior Private Banker at AX Partners. This is also a full-time position.
• CRM Assistant In Private Banking at Bank J. Safra Sarasin AG in Gen
• Fund Accountant at Northern Trust. This is a 12-month Fixed Term Contract position based in Basel.
• Investment Controller (m/w/d) at a family office. The company is looking to strengthen its team.
• Trust Manager – Fr/En mandatory at Michael Page Belgium. It will be up to you to oversee a group of trust accounts.
• Head of Compliance & Risk at TMF Group. You will ensure AML risk management.
• Performance Analyst- Senior Associate at State Street. You will know about new rules and how the business world is changing.
• Transfer Pricing Director at Kingpin International. You’ll be at the forefront of shaping strategies.
• Senior Manager in Corporate Tax at Kingpin International. You’ll play a pivotal role in shaping tax strategies

Qualifications required for banking jobs in Switzerland

In Switzerland, the skills needed for banking jobs can be different based on the job and the bank. On the other hand, these are some general requirements that are often needed:

1. Education:

Usually, you need a bachelor’s degree in economics, finance, or accounting.In some jobs, like investment banking, having a master’s degree in a related area might be better.

3. Experience:

Having worked in banking or economics before can be helpful. Different jobs may need different amounts of knowledge. For example, you might need a few years of experience in a similar area to get a senior position.

4. Skills:

People often need to be able to think critically, pay close attention to details, and work well under pressure. It can be helpful to know how banks work and what the rules are. Good communication and people skills are also important.

5. Language:

English skills are often needed, and it can be helpful to know other languages as well, especially German, French, or Italian, which are the main languages of Switzerland.

6. Certifications:

For some jobs, you may need certain qualifications. For instance, becoming a Chartered Financial Analyst (CFA) may be helpful for financial experts.

Are there any specific visa requirements for foreigners applying for banking jobs in Switzerland?

Yes, people who want to work in banking in Switzerland need to get a certain type of visa. These are some important points:

1.  Work Permit:

Most people from outside of Switzerland need a pass to work there.How you get a permit varies on what kind of job you have and what country you are from.

2. Highly-Qualified Candidates:

In general, a work permit will only be given to people who are highly qualified, such as those who have a degree from a university or other higher education school and have worked professionally for several years.

3. Non-EU/EFTA Nationals:

People who are not from an EU/EFTA member state or Switzerland must have a work pass.The rules about how to get one are much stricter than in most of Europe, and they are often directly linked to having a job.In Switzerland, you can only work as a manager, expert, or college graduate with a few years of work experience if you are not from the EU or EFTA.

4. Documents Required:

For a Switzerland work visa, you need an application form, a copy of your passport, proof that the job opening was posted by the regional employment office (RAV) and in the EURES system, copies of job ads from professional journals, national weekly or daily newspapers in Switzerland, specialized online job boards and social media sites like LinkedIn, and details about other job searches you’ve done in Switzerland and the EU/EFTA area.

Read Also: Unskilled Jobs in Switzerland for Foreigners Visa Sponsorship

How to get a job in banking in Switzerland?

In Switzerland, there are several steps you need to take to get a job in banking. Here are some broad ideas:

• Skills and Education: Usually, you need a degree in finance, economics, or a related area. It can also be helpful to have specialized certifications and skills in banking.
• Internship: A lot of the time, you need to do an internship at a Swiss bank and pass the hiring process in order to get a job there.
• Job Search: There are a lot of common ways to look for work in Switzerland, such as online, in newspapers, through networking, and by sending out potential applications. A lot of bank and financial company websites have a section called “Careers” where they list open jobs.
• Application: You will need to send a CV and cover letter for most jobs. Your CV should show off your skills, experience, and education that are important to the job. In the cover letter, you should talk about why you want the job and the company, as well as how your skills and experience make you a good fit for the job.
• Meeting new people: Meeting new people can help you find a job. Go to events in your field, join professional groups, and talk to other people who work in the same field.
• Interview Preparation: If you’re asked to come in for an interview, make sure you’re fully prepared. Learn about the company and the job, and be ready to talk about your skills and experiences.
• Work Permit: To work in Switzerland if you’re not a Swiss national, you’ll need a work permit. Usually, you can start the process of getting a work pass after you’ve been hired.

What is the minimum requirements for Swiss bank?

In general, you’ll need these things to open a Swiss bank account:

• A legal EU/EFTA passport or ID card from the government.
• To be at least 18 years old.
• Proof that you live in or outside of Switzerland.
• A G pass for cross-border workers and proof of work are often needed.

In order for Swiss banks to meet certain minimum reserve standards, the Swiss National Bank (SNB) has made rules. As of July 1, 2024, the SNB raised the minimum reserve limit for banks in the country. This includes debts from callable customer accounts (but not pension assets that are tied down), which will be added up in full when figuring out the minimum reserve requirement.

Because of this, the exception that only 20% of these debts should be counted for the estimate will no longer exist. The required reserve ratio is also going up from 2.5% to 4% by the SNB. These changes are made to make sure that monetary policy continues to be carried out effectively and efficiently.

What is the entry-level salary in Switzerland banking?

The entry-level salary in the banking sector in Switzerland varies depending on the specific role. However, here are some general figures:

• The average banking salary in Switzerland is CHF 115’000 per year.
• Entry-level positions in banking start at CHF 68’750 per year.
• For a more specific role, an entry-level position for a banker starts at CHF 97’500 per year.

Who is eligible for Swiss bank?

In general, the following things must be done in order to open a Swiss bank account:

• Age: People who don’t live in Switzerland must be at least 18 years old.
• Residency: You must live in a country that lets people use Swiss banks.
• Identification Verification: Swiss banks look very closely at the official documents that prove who you are. For instance, you might need to show your real visa.
• No Criminal History: There shouldn’t be any proof of a criminal history or doing anything illegal, like moving money.
• Anti-money-laundering rules in Switzerland require people who want to open a bank account to show a number of documents. These include proof of their profession and where the money is coming from. These include copies of your passport that have been verified and papers that explain what you do for a living, like tax returns, company paperwork, professional licenses, and so on. They also include proof of where your money comes from.

Average salary range for banking professionals in Switzerland

In Switzerland, the average salary for bank workers depends on their job and how much experience they have. To give you some examples:

• Administrative worker in bookkeeping: CHF 78,000 per year
• Portfolio operations specialist: CHF 95,004 per year
• Analyst investment banking: CHF 99,996 per year
• Junior portfolio manager: CHF 110,006 per year
• Auditor: CHF 111,995 per year
• Financial analyst: CHF 113,997 per year
• Compliance officer/manager: CHF 120,003 per year
• Credit and risk manager: CHF 127,998 per year
• Associate investment banking: CHF 135,005 per year

A person who works in banks in Switzerland makes an average of CHF 136,000 a year. But the average pay can be anywhere from CHF 100,000 to CHF 200,000 per year.

Which job is most demand in Switzerland?

As of 2024, these are the jobs that people want the most in Switzerland:

• Nursing Staff: There are 6,395 job postings for people who work in nursing and care. There are lots of jobs for doctors, nurses, and other medical professionals in the healthcare business.
• As of today, there are 6,337 work openings for electricians. There is a lot of demand for skilled workers in Switzerland because there are more building projects.
• Helpers in sales: There are 4,056 job openings for helpers in sales. One industry with a lot of open jobs is retail.
• Builders: There are 3,377 job openings for builders. There are a lot of job openings in the building industry.
• People who are project managers: There are 3,256 job openings for project managers. This job is in high demand in many fields.
• Developers of software: There are 3,187 job openings for developers of software. There are also a lot of open jobs in the IT industry.
• People looking for jobs in polymechanics can find 3,128 of them. In the production and manufacturing areas, people want this job.
• Healthcare experts: There are 2,625 job postings for people who work as healthcare experts. In the nursing field, people want this job.
• People who work as service technicians: There are 2,606 job postings for service techs. People are looking for this job in many areas.
• Business Clerks: There are 2,559 job openings for business clerks. People are looking for this job in many areas.

Do Swiss banks pay well?

Yes, salaries at Swiss banks are usually pretty good. The exact amount may be different for each job and experience level. To give you some examples:

• Administrative worker in bookkeeping: CHF 78,000 per year
• Portfolio operations specialist: CHF 95,004 per year
• Analyst investment banking: CHF 99,996 per year
• Junior portfolio manager: CHF 110,006 per year
• Auditor: CHF 111,995 per year
• Financial analyst: CHF 113,997 per year
• Compliance officer/manager: CHF 120,003 per year
• Credit and risk manager: CHF 127,998 per year
• Associate investment banking: CHF 135,005 per year

A person who works in banks in Switzerland makes an average of CHF 136,000 a year. The average income, on the other hand, can be anywhere from 100,000 to 200,000 CHF per year.

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