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Old 28.11.2015, 04:04
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Internships in Switzerland

Hi,

I'm sure that this has been posted about thousands of times, but I'd prefer up to date information, and my question has many parts. Sorry for any double posting

Two of my friends and I are considering getting internships in Geneva during the week, and then travelling up to Valais where my parents live (just moved), on the weekends.

Could I please have some advice on what to expect rent and utilities-wise, salary (we're going for jobs in banking), transport, tax, and visas.

So:

1) Is living in France and commuting into Switzerland each morning a good idea? Is the border tighter now as a result of the the attacks in Paris?

2) How does income tax work? What's the minimum to be taxed on, is it done as a minimum monthly salary, or as a gross income p.a.?

3) As non-residents how do we get insurance on a car?

4) As non-residents but EU citizens, do we need any special work permits as Switzerland is still part of the European Economic Area?

5) Is it worth getting a car if: we are travelling across the border on a daily basis, and travelling to Valais every weekend?

6) Salary wise, what can we expect? One of my friends has a degree in business from an Ivy League University, the other has a degree in Physics from Bath in the UK, and I have graduated from high-school. Many of you may say that I won't get a job in finance, but fortunately one of my dad's childhood friends broke the trend of being bluecollar workers and became a bigshot in the banking world so I have an in - legitimate or illegitimate as it may be. So what will we be expecting from UBS/Credite Suisse/Agricole etc as a salary for interns working for 6 months?

7) Are there any other vital pieces of information that we should know about?

Thanks for the help, and from what I've seen of the forums everyone seems really supportive, and helpful.
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Old 28.11.2015, 08:42
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Re: Internships in Switzerland

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Two of my friends and I are considering getting internships in Geneva during the week,

......(we're going for jobs in banking)
You might want to research where the banking sector is mainly based before you apply/interview
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Old 28.11.2015, 11:35
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Re: Internships in Switzerland

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Hi,
1) Is living in France and commuting into Switzerland each morning a good idea? Is the border tighter now as a result of the the attacks in Paris?
Yes, probably... Rent is lower, thousands of us do it every day. Border security: they've put customs officers on the border a few times. There's usually no-one. Can double travel times...

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2) How does income tax work? What's the minimum to be taxed on, is it done as a minimum monthly salary, or as a gross income p.a.?
Deducted from each pay slip as though you would earn that amount every month for the full year. Find the tax tables by Googling.

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5) Is it worth getting a car if: we are travelling across the border on a daily basis, and travelling to Valais every weekend?
Depends where you live and where you work. Public transport France/Geneva is generally poor. Check out the excellent Blablacar trip sharing app. See if the journeys that you want to make are offered frequently.

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6) Salary wise, what can we expect? What will we be expecting from UBS/Credite Suisse/Agricole etc as a salary for interns working for 6 months?
With a relevant degree, I reckon that you can expect 1500-2500CHF/month. My son's buddy got 3500 at Deutsche Bank in Geneva, but he already had half of a Masters in Security.
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Old 28.11.2015, 13:11
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Re: Internships in Switzerland

Not sure on the residence side of things. Normally if an EU national lives in France and works in Switzerland they'd be issued with a G (cross border) permit, but I'm not sure they'd do that for a 6 month internship. Better check on that with the Geneva migration office.

Commuting can be a nightmare in Geneva. Best to make sure your workplace is on the same side of the city rather than right across on the other side. Otherwise it could take you ages and any savings you make from living in France will be eaten up in petrol/public transport costs.

If you plan to share accommodation you're looking at a minimum of 4 rooms - 3 bedrooms and a living room. Check these websites to get an idea of prices - but Geneva is expensive due to the shortage of accommodation.

www.immoscout24.ch
www.immostreet.ch
www.homegate.ch
www.home.ch
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