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Old 08.04.2015, 22:27
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Economics student looking for career tips

I am under my first semester of Msc in Germany, I really look forward to working in Switzerland once I graduated. What should I prepare?

Brief introduce myself:
I graduated in UK, Bsc Economics, good 2:1 degree (what a shame, did not get first).
Currently study in Germany, Msc Economics, second semester.

I am 21 years old, Chinese nationality with fluent English, A2 German, Chinese and Japanese.

I am under process of ACCA Exam,completed 7 out of 14 and CFA level 1 this Dec. I am trying to improve my German. Hopefully I can reach B1/B2 in next year.

1. Should I continuous my ACCA Exam? Is ACCA well recognized in Switzerland? I also plan to take the 'P6 advance taxation (UK standard)' in the future, should I focus on other advance module?

2. What about CFA? Is CFA well recognized in Switzerland? Is worth to invest time on it?

3.I see many cases for people who got some working experience, however, how to get a entry level job in Switzerland? Is it possible for a non-EU citizen get a working permit at entry level?

4. Do my Chinese & Japanese language help me to earn a job in Switzerland? Which kind of position will require those language ability?

Thanks in advance.
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Old 08.04.2015, 22:45
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Re: Economics student looking for career tips

I can't answer all your questions, but I can tell you it's not easy for a non-EU to get a job here without unique qualifications and experience. Swiss employers have to prioritize Swiss/EU nationals and people already living here who have a valid permit first. Here's a link with information on the non-EU hiring process.

https://www.bfm.admin.ch/bfm/en/home...zulassung.html
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Old 08.04.2015, 23:21
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Re: Economics student looking for career tips

you can try to apply for a post-doctoral in some universities here
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Old 12.04.2015, 22:09
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Re: Economics student looking for career tips

I'm a non-EU citizen, and a CPA + MBA with considerable experience. So here's my 2c:

1. No one cares about your tax education. ACCA may be useful for getting an interview, but I don't think it will matter much. My employer won't even reimburse my CPA dues -- that sort of tells you how much they value foreign designations here.

2. My perception of CFA is based on my work experience ex-CH... but it's not worth it if you're not going to work in investments or equity research. If you're interested in any field outside those 2, they may be open a door or 2, but they are not necessary. It's a lot of effort unless you're really set on staying in the field. CFA (all levels passed) + ACCA may open some doors in equity research, but keep in mind that you'll still be competing with hundreds of others with similar qualifications.

3. Can't speak for entry-level jobs. But it was a lot of work for my company to bring me over. You may want to target companies in industries that are used to sponsoring foreigners (i.e., banks, consulting firms, etc.).

4. Highly unlikely -- at least while you're in Switzerland.
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Old 12.04.2015, 22:21
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Re: Economics student looking for career tips

It seems that working experience is the key.

Thank so much for you reply.
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Old 13.04.2015, 15:29
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Re: Economics student looking for career tips

Good luck with all your goals! Wow what a lot!


My opinion:


ACCA is well recognised in Swiss multinationals (not small or medium sized firms though) and will help you with any reporting and controlling functions.


CFA is well recognised in Swiss banks.


P6 will not help you. If you take the Swiss version, you'd need fluent German and your employer would expect you to then specialise in tax only. Which means that your ACCA and CFA would be wasted.


Chinese and Japanese are good for niche positions and should help in the future, but you may not find much demand for it at the moment.


Good luck!


P
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Old 13.04.2015, 22:30
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Re: Economics student looking for career tips

As a Chinese working in CH with similar qualifications, I agree with all the points.

Especially the last point, unless you want to sell watches to tourists in Interlaken.

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I'm a non-EU citizen, and a CPA + MBA with considerable experience. So here's my 2c:

1. No one cares about your tax education. ACCA may be useful for getting an interview, but I don't think it will matter much. My employer won't even reimburse my CPA dues -- that sort of tells you how much they value foreign designations here.

2. My perception of CFA is based on my work experience ex-CH... but it's not worth it if you're not going to work in investments or equity research. If you're interested in any field outside those 2, they may be open a door or 2, but they are not necessary. It's a lot of effort unless you're really set on staying in the field. CFA (all levels passed) + ACCA may open some doors in equity research, but keep in mind that you'll still be competing with hundreds of others with similar qualifications.

3. Can't speak for entry-level jobs. But it was a lot of work for my company to bring me over. You may want to target companies in industries that are used to sponsoring foreigners (i.e., banks, consulting firms, etc.).

4. Highly unlikely -- at least while you're in Switzerland.
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Old 14.04.2015, 15:52
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Re: Economics student looking for career tips

xiongqiyuan, if I were you, I would look for companies that hire chinese nationals.

As a real example, I know that Glencore hires many chineses every year, usually fresh MBAs from the USA or UK.
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Old 14.04.2015, 16:27
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Re: Economics student looking for career tips

I had a chat with HR people from a Big Four company in the context of non-EU graduates.

Short story short:

Even if the company adores you, the Migrationsamt is highly unlikely to ever issue a permit for a graduate non-EU. Primarily because they reserve the few precious visas for specialised people.

So if they give a permit to a graduate, that to be honest can be replaced by anyone, then a position that requires specialisation could/would not be filled in the same calendar year because they ran out of permits. It's obvious that it is much more beneficial for the economy to put any swiss/EU graduate in the first non-specialised position, and keep that spot open for the expert.

I know a lot of Chinese nationals in ETH that are having very hard times getting something in Switzerland because of this.


Also things for graduates are getting increasingly difficult across the board, regardless of EU-status or not. Especially for non-German speakers
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Old 14.04.2015, 23:35
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xiongqiyuan, if I were you, I would look for companies that hire chinese nationals.

As a real example, I know that Glencore hires many chineses every year, usually fresh MBAs from the USA or UK.
Thanks so much!!

Quote:
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I had a chat with HR people from a Big Four company in the context of non-EU graduates.

Short story short:

Even if the company adores you, the Migrationsamt is highly unlikely to ever issue a permit for a graduate non-EU. Primarily because they reserve the few precious visas for specialised people.

So if they give a permit to a graduate, that to be honest can be replaced by anyone, then a position that requires specialisation could/would not be filled in the same calendar year because they ran out of permits. It's obvious that it is much more beneficial for the economy to put any swiss/EU graduate in the first non-specialised position, and keep that spot open for the expert.

I know a lot of Chinese nationals in ETH that are having very hard times getting something in Switzerland because of this.


Also things for graduates are getting increasingly difficult across the board, regardless of EU-status or not. Especially for non-German speakers
Quite disappointed, but It seems still get a chance.

Thanks so much for your help!!!

Last edited by 3Wishes; 14.04.2015 at 23:49. Reason: merging successive posts
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Old 14.04.2015, 23:53
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Re: Economics student looking for career tips

Since March 2015, non-EU needs 3 years work experience to get a permit, at least in Zurich, not sure about Switzerland.
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Old 31.12.2015, 00:26
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Re: Economics student looking for career tips

If you really want a job here…you can get it! it is just a question of want! nobody should tell you what is difficult do do or impossible…it is they own perception of life not yours!

You have to stand for your choices..the real reason which got you to those studies is the reason which you bring you to your next adventure!
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Old 31.12.2015, 13:04
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Re: Economics student looking for career tips

CFA, ACCA, CPA...all fine and a testimony to work ethics, perseverance..etc
But think about building yourself a network...
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Old 31.12.2015, 13:23
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Re: Economics student looking for career tips

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If you really want a job here…you can get it! it is just a question of want! nobody should tell you what is difficult do do or impossible…it is they own perception of life not yours!

You have to stand for your choices..the real reason which got you to those studies is the reason which you bring you to your next adventure!
If only it were that easy.
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Old 08.01.2016, 00:45
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Re: Economics student looking for career tips

Would say you have a few things going for you.

Firstly you are young. You have time. As you have started CfA , finish it. If you get it done in the next few years you will still be young with a decent set of qualifications under your belt. Do as much education while you are under 27. It gets a lot harder to balance life and education after that in my experience.

A few banks have night desks to cover Asian clients from Switzerland. I would aim to target a team like this.

Slowly start to work out what area of finance you want to work in. It's quite easy to get pigeon holed once you start in an area. Having cfa will let you transition more easily
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Old 08.01.2016, 01:28
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Re: Economics student looking for career tips

I'm not an economics student, but I have some older non-eu friends (mostly Chinese nationals plus a few Russians) that attended economics in EU faculties and had to choose their career path. Basically for them was easier to land a job in Eu countries, especially if they already possessed a long term residence permit for a EU country (most of them actually were raised in Europe and did not come directly from mainland china). All of them started in one of the consulting-auditing companies like Deloitte, McKenzie. They moved to other jobs after 2-3 years of experience. It seems to me that there is a great demand for chinese graduates and post-graduates right now, given the number of acquisitions of european companies made by chinese investors. The new proprietors are replacing intermediate levels with these euro-chinese managers, that are compentent and possess valuable soft skills being culturally well suited to operate both in a chinese working environment and in a western one. Hence, if I were you I'd rather apply for a position in one of those companies, irregardless of their location (of course after an apprenticeship period in a consulting auditing company, which seems a sine qua non condition to enter the job market nowdays for an economist).

Here's my two cents.

Last edited by Charles Bukowski; 08.01.2016 at 01:39.
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Old 09.01.2016, 12:06
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Re: Economics student looking for career tips

CFA is a good idea if you have time to do it.
Good luck!
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Old 09.01.2016, 13:11
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Re: Economics student looking for career tips

Someone has already mentioned I think but an academic route is your best bet.
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Old 11.01.2016, 00:18
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Re: Economics student looking for career tips

If you are stil studying try to do am erasmus semester here. I am Italian but I study at Usi in lugano (Msc in Management) and I can twll you that speaking chinese and Jap is an incredible plus. A friend of mine who got a low degree score got hired asap because he was able to speak chinese...
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