Go Back   English Forum Switzerland > Help & tips > Employment
Reply
 
Thread Tools Display Modes
  #1  
Old 04.11.2016, 15:51
Newbie
 
Join Date: Nov 2016
Location: Copenhagen, Denmark
Posts: 4
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Burbaki has no particular reputation at present
Salarium / LohnRechner

Hi everyone.

In an effort to avoid opening another of the hated "how much am i worth"-Threads I decided to check out the lohnrechner / Salarium website.
The result however is baffeling me, and thus I turn to your expertise.

I used to live in Switzerland as I was born here, both my parents are however danish. My experience with swiss salaries is thus based on my dads experience and an estimate of inflation (as we left Switzerland 10 years ago).

I am in the last year on my Master in Law from my Danish University, and expect to finnish a Graduate Certificate in Business Administration shortly after.

I will be applying for jobs in both Law as well as Business Development. In positions such as Junior Compliance Officer, Business Development analyst etc.

On the website i set my "Kader Funktion" to 0 (As im looking for entry level salaries) as well as setting my Job Expereince to 0 (I do not expect the algorythm to count studentjobs and Internships as job experience).

The result i recieved was 8800-9100 CHF monthly. This I considerably over my expectations! And hence im in a dilemma of whether to aim for the salaries posted on the website or if these, due to whatever reason, are highly exaggerated.

I apologize for the long post, as well as the nature of it - being yet another salary post.
Reply With Quote
  #2  
Old 04.11.2016, 16:30
Sbrinz's Avatar
Forum Legend
 
Join Date: Oct 2011
Location: Murten - Morat
Posts: 10,966
Groaned at 542 Times in 342 Posts
Thanked 10,568 Times in 5,406 Posts
Sbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond repute
Re: Salarium / LohnRechner

This one is considered to be accurate,

Swiss Salary - Personal Wages Calculator
Reply With Quote
  #3  
Old 04.11.2016, 16:34
Forum Veteran
 
Join Date: Feb 2012
Location: ZH
Posts: 593
Groaned at 38 Times in 30 Posts
Thanked 350 Times in 223 Posts
ivank has no particular reputation at present
Re: Salarium / LohnRechner

Sounds about right. Skilled labor is paid very well in Switzerland.

Heck, even low level unskilled jobs pay quiet generously, e.g Lidl has a 4000 Fr minimum cap
Reply With Quote
  #4  
Old 04.11.2016, 17:01
Newbie
 
Join Date: Nov 2016
Location: Copenhagen, Denmark
Posts: 4
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Burbaki has no particular reputation at present
Quote:
View Post
This one is considered to be accurate,

Swiss Salary - Personal Wages Calculator
That's actually the one I used! - If this is regarded as being accurate then I deffo won't complain

Quote:
View Post
Sounds about right. Skilled labor is paid very well in Switzerland.

Heck, even low level unskilled jobs pay quiet generously, e.g Lidl has a 4000 Fr minimum cap
Thanks! - appreciate it(I don't have the option to thank both of you for some reason?)

Last edited by 3Wishes; 04.11.2016 at 23:18. Reason: merging consecutive replies
Reply With Quote
  #5  
Old 04.11.2016, 17:12
eyebeebe's Avatar
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 1,095
Groaned at 11 Times in 10 Posts
Thanked 943 Times in 472 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: Salarium / LohnRechner

A new grad at a big bank gets paid a reasonable amount less than that. I would suggest somewhere in the 5-7k pm range is actually more realistic (industry dependent)
Reply With Quote
This user would like to thank eyebeebe for this useful post:
  #6  
Old 05.11.2016, 17:07
Newbie
 
Join Date: Nov 2016
Location: Copenhagen, Denmark
Posts: 4
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Burbaki has no particular reputation at present
Re: Salarium / LohnRechner

Quote:
View Post
A new grad at a big bank gets paid a reasonable amount less than that. I would suggest somewhere in the 5-7k pm range is actually more realistic (industry dependent)
The 7k was more in line with what i expected. 5k however seems low? - Especially if, as stated above, a supermarket employee makes around 4k? I am however relatively clueless when it comes to this(hence the post).
Reply With Quote
  #7  
Old 05.11.2016, 17:15
Corbets's Avatar
Forum Legend
 
Join Date: Mar 2007
Location: Zug, CH
Posts: 2,834
Groaned at 155 Times in 111 Posts
Thanked 5,374 Times in 1,836 Posts
Corbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond repute
Re: Salarium / LohnRechner

Quote:
View Post
A new grad at a big bank gets paid a reasonable amount less than that. I would suggest somewhere in the 5-7k pm range is actually more realistic (industry dependent)
A new grad in which field? Someone with a masters in law can easily start in the 80-100k range, annually.
Reply With Quote
  #8  
Old 05.11.2016, 18:43
Senior Member
 
Join Date: May 2011
Location: Dübi
Posts: 272
Groaned at 9 Times in 8 Posts
Thanked 183 Times in 116 Posts
Jaceq is considered knowledgeableJaceq is considered knowledgeableJaceq is considered knowledgeable
Re: Salarium / LohnRechner

It depends on a field... however I seem salaries are going down actually. Honestly I can't think of a fresh grad getting 8-9k / month...
Reply With Quote
This user would like to thank Jaceq for this useful post:
  #9  
Old 06.11.2016, 15:54
eyebeebe's Avatar
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 1,095
Groaned at 11 Times in 10 Posts
Thanked 943 Times in 472 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: Salarium / LohnRechner

Quote:
View Post
The 7k was more in line with what i expected. 5k however seems low? - Especially if, as stated above, a supermarket employee makes around 4k? I am however relatively clueless when it comes to this(hence the post).
The base cost of living in Switzerland is high, hence why things like supermarket work are seemingly paid well compared to other countries. Also you are at the beginning of your career and earnings trajectory, whereas the majority of supermarket workers will not have great potential to increase their salary.


Quote:
View Post
A new grad in which field? Someone with a masters in law can easily start in the 80-100k range, annually.
I know exactly how much the big banks pay new grads, including masters in law graduates - not sure why they would be worth more - they haven't passed the bar. Everyone thinks that banking pays more than any other industry, which is why I gave the range I did. I didn't include any bonus payments though. Which industries do you think pay a fresh grad 20% more than banking?
Reply With Quote
This user would like to thank eyebeebe for this useful post:
  #10  
Old 06.11.2016, 18:14
Forum Veteran
 
Join Date: Feb 2014
Location: The World
Posts: 622
Groaned at 98 Times in 52 Posts
Thanked 397 Times in 217 Posts
Capo is considered unworthyCapo is considered unworthyCapo is considered unworthy
Re: Salarium / LohnRechner

Quote:
View Post
I know exactly how much the big banks pay new grads, including masters in law graduates - not sure why they would be worth more - they haven't passed the bar. Everyone thinks that banking pays more than any other industry, which is why I gave the range I did. I didn't include any bonus payments though. Which industries do you think pay a fresh grad 20% more than banking?
It also depends on the area within the bank, no? I mean, for a recent grad the base salary across all areas will be similar, however core areas such as IB, WM, AM, etc., will pay much fatter bonuses.
Reply With Quote
  #11  
Old 06.11.2016, 19:04
Corbets's Avatar
Forum Legend
 
Join Date: Mar 2007
Location: Zug, CH
Posts: 2,834
Groaned at 155 Times in 111 Posts
Thanked 5,374 Times in 1,836 Posts
Corbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond repute
Re: Salarium / LohnRechner

Quote:
View Post
The base cost of living in Switzerland is high, hence why things like supermarket work are seemingly paid well compared to other countries. Also you are at the beginning of your career and earnings trajectory, whereas the majority of supermarket workers will not have great potential to increase their salary.




I know exactly how much the big banks pay new grads, including masters in law graduates - not sure why they would be worth more - they haven't passed the bar. Everyone thinks that banking pays more than any other industry, which is why I gave the range I did. I didn't include any bonus payments though. Which industries do you think pay a fresh grad 20% more than banking?
Actually, I have secondhand knowledge of people starting in banking who are in the range I mentioned.

Also, professional services start people in the same range.
Reply With Quote
  #12  
Old 06.11.2016, 19:41
eyebeebe's Avatar
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 1,095
Groaned at 11 Times in 10 Posts
Thanked 943 Times in 472 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: Salarium / LohnRechner

Quote:
View Post
Actually, I have secondhand knowledge of people starting in banking who are in the range I mentioned.

Also, professional services start people in the same range.
So do I in banking. But the lower end of the range. Big difference between 80k and 100k.

Last edited by eyebeebe; 06.11.2016 at 19:51.
Reply With Quote
  #13  
Old 06.11.2016, 20:17
Corbets's Avatar
Forum Legend
 
Join Date: Mar 2007
Location: Zug, CH
Posts: 2,834
Groaned at 155 Times in 111 Posts
Thanked 5,374 Times in 1,836 Posts
Corbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond repute
Re: Salarium / LohnRechner

Quote:
View Post
So do I in banking. But the lower end of the range. Big difference between 80k and 100k.
To be clear: I know relatively recent career starters in both those industries at both ends of that range. Sadly, I wasn't one of them.
Reply With Quote
This user would like to thank Corbets for this useful post:
  #14  
Old 06.11.2016, 21:09
eyebeebe's Avatar
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 1,095
Groaned at 11 Times in 10 Posts
Thanked 943 Times in 472 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: Salarium / LohnRechner

Quote:
View Post
To be clear: I know relatively recent career starters in both those industries at both ends of that range. Sadly, I wasn't one of them.
You said just starting... I guess we have a different interpretation of what that means.
Reply With Quote
  #15  
Old 07.11.2016, 07:51
Corbets's Avatar
Forum Legend
 
Join Date: Mar 2007
Location: Zug, CH
Posts: 2,834
Groaned at 155 Times in 111 Posts
Thanked 5,374 Times in 1,836 Posts
Corbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond repute
Re: Salarium / LohnRechner

Quote:
View Post
You said just starting... I guess we have a different interpretation of what that means.
No, I meant "relatively recent" as in "they were career starters within the last 3 years", but I'm defining "career starter" as "first role out of university."
Reply With Quote
  #16  
Old 07.11.2016, 11:17
Corbets's Avatar
Forum Legend
 
Join Date: Mar 2007
Location: Zug, CH
Posts: 2,834
Groaned at 155 Times in 111 Posts
Thanked 5,374 Times in 1,836 Posts
Corbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond repute
Re: Salarium / LohnRechner

Quote:
View Post
No, I meant "relatively recent" as in "they were career starters within the last 3 years", but I'm defining "career starter" as "first role out of university."
Re-reading that, I think it's still open to misinterpretation. I'm referring to the initial salary they got; it just might be that they didn't get it this year, rather 3 years ago.
Reply With Quote
  #17  
Old 07.11.2016, 23:03
Newbie
 
Join Date: Nov 2016
Location: Copenhagen, Denmark
Posts: 4
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Burbaki has no particular reputation at present
Re: Salarium / LohnRechner

Wow, I appreciate you guys taking the time to discuss this

It seems the Salarium did indeed set the salaries a tad high and more in line with what i had in mind.

In regards to field: I've taken courses in universtiy, during my masters, that would be suiting for a compliance job within the banking industry - this is a "booming" business as banks undergo stricker laws by the day. Especially Switzerland which has been "lagging" in compliance with AML-laws. Surely this will increase my chances as the jobs are many but the candidates (as of now) few.

Once again i thank you all for giving your point of view! I have definently taken note of all your comments.
Reply With Quote
Reply

Tags
business administration, law, salary




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Translation help with Salarium zerogre Employment 2 09.01.2014 12:23
In search of a little help using salarium mc02036 Finance/banking/taxation 0 06.05.2013 19:11
Help with lohnrechner.ch and accurity.ch River10 Employment 3 09.12.2009 11:21


All times are GMT +2. The time now is 14:14.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0