Go Back   English Forum Switzerland > Help & tips > Employment  
Reply
 
Thread Tools Display Modes
  #1  
Old 23.08.2011, 11:00
Newbie
 
Join Date: Aug 2011
Location: Zurich
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
cityhopper has no particular reputation at present
Someone in IT/Banking?

Hi all,
I am exploring opportunities to move to Switzerland working in IT/Banking. I'd like to get in touch with someone working in the industry.
Anyone involved? Please drop a line.
Thanks
Michael
Reply With Quote
  #2  
Old 25.08.2011, 12:04
Newbie
 
Join Date: Aug 2011
Location: geneve
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
petronio has no particular reputation at present
Re: Someone in IT/Banking?

Hi there

Im working in IT/banking in Spain and looking to move to Switzerland.
Maybe I can show some info about whats going on.

I made some interviews to Geneva, Lausanne and Neuchatel.

I try to apply to similar roles I have now (IT Auditor, Processess, CMMI/ITIL/COBIT, Quality, ETL development and Project Manager).

What I found about SW job market is:

- They require technical staff, sys and hardware admins, network controllers (Cisco)
- Need java, j2EE, c#, .net, lamp...
- IT Auditor, CMMI assurance, ITIL, Process improvement etc are positions "reserved" for their own staff.
- But they need project managers with strong technical skills

about salaries, I only applied to the french part, and salaries offered to me were from 85k sf to 110k sf

they are definitely lowering the salaries. 2 years ago it was easier to find 120k+ sf offers

the last offer (waiting for their reply), is a PM with technical skills 95k sf in neuchatel

speaking french is mandatory for 90% offers. most english speaking friendly offers come from neuchatel and lausanne

hope this helps
Reply With Quote
  #3  
Old 19.09.2011, 22:14
Newbie
 
Join Date: Aug 2011
Location: Zurich
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
cityhopper has no particular reputation at present
Re: Someone in IT/Banking?

Hi Petronio,

Thanks for your answer.
What I found out is that the higher paying jobs in IT are located in the German part of Switzerland, in particular in Zurich/Zug area.
I usually found that German was an advantage but not a requirement, but that was more for developer and hangs-on jobs. I can imagine the situation is different for PM jobs.
Reply With Quote
  #4  
Old 19.09.2011, 22:21
stephen_NE's Avatar
Forum Veteran
 
Join Date: Feb 2011
Location: Luzern
Posts: 1,488
Groaned at 1 Time in 1 Post
Thanked 1,577 Times in 748 Posts
stephen_NE has a reputation beyond reputestephen_NE has a reputation beyond reputestephen_NE has a reputation beyond reputestephen_NE has a reputation beyond repute
Re: Someone in IT/Banking?

Quote:
View Post
What I found out is that the higher paying jobs in IT are located in the German part of Switzerland, in particular in Zurich/Zug area.
Bear in mind though that the cost of living (in particular renting/buying property) is much higher in these places than in western Switzerland, with the exception of Geneva.
Reply With Quote
  #5  
Old 19.09.2011, 22:25
Junior Member
 
Join Date: Apr 2009
Location: Not switzerland
Posts: 74
Groaned at 0 Times in 0 Posts
Thanked 86 Times in 19 Posts
henrytkhau has earned some respecthenrytkhau has earned some respect
Re: Someone in IT/Banking?

Yes
.
You can PM me with:
- a description of what work you are looking for
- how much experience you have
- how much you expect to earn
- your timeframe
- your language abilities
Reply With Quote
  #6  
Old 11.02.2012, 06:08
Newbie
 
Join Date: Feb 2012
Location: Melbourne, Australia
Posts: 9
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
pek_khi1 has no particular reputation at present
Re: Someone in IT/Banking?

Hi guys,

I am currently working in lending/investment banking and looking at changing my career into IT as I am finding it difficult to find a job in CH within their banking industry. Would someone please advise me on what to study to improve my chances of moving to CH? I currently hold a Bachelor of Commerce and Masters in Financial Planning. But possibly looking at a Diploma course in Zurich.

Any advice would be greatly appreciated.

Thanks

Pk
Reply With Quote
  #7  
Old 12.02.2012, 01:18
Senior Member
 
Join Date: Oct 2007
Location: SZ
Posts: 432
Groaned at 3 Times in 2 Posts
Thanked 349 Times in 184 Posts
dmarkd has earned some respectdmarkd has earned some respect
Re: Someone in IT/Banking?

Quote:
View Post
Hi guys,

I am currently working in lending/investment banking and looking at changing my career into IT as I am finding it difficult to find a job in CH within their banking industry. Would someone please advise me on what to study to improve my chances of moving to CH? I currently hold a Bachelor of Commerce and Masters in Financial Planning. But possibly looking at a Diploma course in Zurich.

Any advice would be greatly appreciated.

Thanks

Pk
What languages do you speak? To some extent, the banking industry and IT is one and the same thing here, especially if you speak only English.
Reply With Quote
  #8  
Old 12.02.2012, 10:48
Newbie
 
Join Date: Feb 2012
Location: Melbourne, Australia
Posts: 9
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
pek_khi1 has no particular reputation at present
Re: Someone in IT/Banking?

Hi, When I was working for Citibank, I was dealing with a lot of Australian and International clients specializing in Hong Kong, Indonesian, Malaysia, Singapore clients. Thus, I speak English, Chinese - Cantonese, Indonesian and basic German (comprehension is better than spoken).
Reply With Quote
  #9  
Old 13.02.2012, 13:50
Newbie
 
Join Date: Feb 2011
Location: Zurich
Posts: 8
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 3 Posts
turingmachine has no particular reputation at present
Re: Someone in IT/Banking?

I work for an investment bank as a programmer. The best way to get in is through a recruiter. Different teams have different hiring methods and conditions for employment so there might be a hiring manager willing to take someone without banking experience if they very strong programming skills.

A lot of people trying to break into banking believe that they should build up a knowledge of finance rather than improve their algorithms knowledge but this is not true. No one will care if you know the black-scholes model but don't know how to write something basic like a sorting algorithm.

PM if you want more advice.
Reply With Quote
  #10  
Old 18.02.2012, 12:22
Junior Member
 
Join Date: Jan 2012
Location: aargau
Posts: 50
Groaned at 14 Times in 6 Posts
Thanked 35 Times in 15 Posts
alt-f4 is considered a nuisancealt-f4 is considered a nuisancealt-f4 is considered a nuisance
Re: Someone in IT/Banking?

The bottom has fallen out of the IT/banking market here. The investment banks are still losing money faster than a drunken sailor and are racing to downsize. IT is very much for the off-shore chopping block in all of them.

Rates, as a consequence, are being driven downwards. Due to the unique nature of Swiss banking there will always be some well-paid jobs here, but the competition for them is growing more and more intense.

The poster above is right about not needing to know finance as well. Bankers, particularly investment bankers, seem to assume that nobody else is clever enough to understand what they do, and thus tend to look down on IT as a kind of necessary riff-raff, like those people who clean the toilets and guard the Porsches in the car-park.

Fortunately banks are not the only companies that use IT in Switzerland and there are much better opportunities in telecoms or pharma, which is where most of the better-paid IT workers are to be found nowadays.
Reply With Quote
This user would like to thank alt-f4 for this useful post:
  #11  
Old 18.02.2012, 14:49
Forum Veteran
 
Join Date: Nov 2007
Location: Vaud
Posts: 1,467
Groaned at 115 Times in 75 Posts
Thanked 1,624 Times in 911 Posts
yacek has a reputation beyond reputeyacek has a reputation beyond reputeyacek has a reputation beyond reputeyacek has a reputation beyond reputeyacek has a reputation beyond repute
OK, tell me the names of the telecom places, but just not the carriers, please, where is the telecom and networking infrastructure industry here?
Reply With Quote
  #12  
Old 18.02.2012, 18:13
Member
 
Join Date: Nov 2007
Location: Zug
Posts: 214
Groaned at 20 Times in 8 Posts
Thanked 51 Times in 31 Posts
NikItaly has made some interesting contributions
Re: Someone in IT/Banking?

Quote:
View Post
I work for an investment bank as a programmer. The best way to get in is through a recruiter. Different teams have different hiring methods and conditions for employment so there might be a hiring manager willing to take someone without banking experience if they very strong programming skills.

A lot of people trying to break into banking believe that they should build up a knowledge of finance rather than improve their algorithms knowledge but this is not true. No one will care if you know the black-scholes model but don't know how to write something basic like a sorting algorithm.

PM if you want more advice.
Ahaha... do you still keep writing sorting algorithms yourself in the investment bank you're working at?
Reply With Quote
  #13  
Old 18.02.2012, 18:39
nickatbasel's Avatar
Mod, Chips and Mushy Peas
 
Join Date: Sep 2006
Location: Albisrieden
Posts: 5,311
Groaned at 160 Times in 98 Posts
Thanked 8,349 Times in 3,092 Posts
nickatbasel has a reputation beyond reputenickatbasel has a reputation beyond reputenickatbasel has a reputation beyond reputenickatbasel has a reputation beyond reputenickatbasel has a reputation beyond reputenickatbasel has a reputation beyond repute
Re: Someone in IT/Banking?

Correction. The best way in is knowing somebody who works in a team where there is a vacancy for which you may be suited.

Cheers,
Nick

Quote:
View Post
I work for an investment bank as a programmer. The best way to get in is through a recruiter.
Reply With Quote
  #14  
Old 18.02.2012, 20:12
WilliamTell's Avatar
Member
 
Join Date: Feb 2012
Location: Zurich
Posts: 215
Groaned at 11 Times in 5 Posts
Thanked 193 Times in 81 Posts
WilliamTell has earned the respect of manyWilliamTell has earned the respect of manyWilliamTell has earned the respect of many
Re: Someone in IT/Banking?

I work in sourcing for a large insurance company in Zurich, and my job is to find and hire IT contractors. Most of the CVs I see today, are from former Credit Suisse or UBS contractors. The competition is tough, and the rates are going down (but still quite good at CHF 120 to 140 an hour).

Your best bet is to register with a placement agency, like Swisslinx, RMIT, or a smaller more localized agency like Bosshard and Partners.

Good luck.
Reply With Quote
  #15  
Old 18.02.2012, 22:33
gva
 
Posts: n/a
Re: Someone in IT/Banking?

Quote:
View Post
I work in sourcing for a large insurance company in Zurich, and my job is to find and hire IT contractors. Most of the CVs I see today, are from former Credit Suisse or UBS contractors. The competition is tough, and the rates are going down (but still quite good at CHF 120 to 140 an hour).

Your best bet is to register with a placement agency, like Swisslinx, RMIT, or a smaller more localized agency like Bosshard and Partners.

Good luck.
That makes 130*8*5*4.3=22.5K CHF a month, assuming you work 5 days/week, 8h / day.

270K CHF / year? Is this serious or am I doing the wrong job?
Reply With Quote
  #16  
Old 18.02.2012, 22:51
Salsa_Lover's Avatar
Junior Member
 
Join Date: Jan 2012
Location: Zrich
Posts: 93
Groaned at 5 Times in 4 Posts
Thanked 98 Times in 46 Posts
Salsa_Lover is considered knowledgeableSalsa_Lover is considered knowledgeableSalsa_Lover is considered knowledgeable
You are doing the wrong job, or maybe the right job in the wrong place

You don't get that net though and it depends on how full is your work schedule on the calendar year.
Reply With Quote
This user would like to thank Salsa_Lover for this useful post:
  #17  
Old 18.02.2012, 22:59
gva
 
Posts: n/a
Re: Someone in IT/Banking?

Quote:
View Post
You are doing the wrong job, or maybe the right job in the wrong place

You don't get that net though and it depends on how full is your work schedule on the calendar year.
Probably the wrong job @ wrong place , but anyway... what is then the interest to have an employee status if as a contractor you earn 2x?
Reply With Quote
  #18  
Old 18.02.2012, 23:06
Junior Member
 
Join Date: Jan 2012
Location: aargau
Posts: 50
Groaned at 14 Times in 6 Posts
Thanked 35 Times in 15 Posts
alt-f4 is considered a nuisancealt-f4 is considered a nuisancealt-f4 is considered a nuisance
Re: Someone in IT/Banking?

Quote:
View Post
That makes 130*8*5*4.3=22.5K CHF a month, assuming you work 5 days/week, 8h / day.

270K CHF / year? Is this serious or am I doing the wrong job?
No, you're doing the wrong math.

He pays 130. That doesn't mean we get paid 130. That figure includes all the so-called "costs of employment".

So, take off 30 for the recruitment agent commission immediately, deduct another 5 or so for the "employer's" social charges (several of them), 8-11 for the employee's social charges, another 8 and a bit for holiday allowance, and around 3 to 5 for mandatory sick-pay. Choose your own pension plan and double the cost, since we have to fund the "employer's" portion as well. Take off another 300-600 per month for the payroll charges, and around a 1000 per year to pay an accountant to check it all. Deduct another 35 per diem which is what is assessed as our additional costs through not being an employee. That brings us down to around 65 per hour gross pay left out of the initial 130 and we haven't even thought about income tax yet. Then you also have to consider our hours are often capped at 19 days per month, maximum 48 weeks per year. Now do the math.

As a rule of thumb it's better to do the calculation you did, then half it to see what the pay really is.
Reply With Quote
This user would like to thank alt-f4 for this useful post:
  #19  
Old 18.02.2012, 23:34
JKUser's Avatar
Junior Member
 
Join Date: Jun 2009
Location: North Western Switzerland
Posts: 61
Groaned at 1 Time in 1 Post
Thanked 36 Times in 18 Posts
JKUser has no particular reputation at present
Re: Someone in IT/Banking?

Quote:
View Post
No, you're doing the wrong math.

He pays 130. That doesn't mean we get paid 130. That figure includes all the so-called "costs of employment".

So, take off 30 for the recruitment agent commission immediately, deduct another 5 or so for the "employer's" social charges (several of them), 8-11 for the employee's social charges, another 8 and a bit for holiday allowance, and around 3 to 5 for mandatory sick-pay. Choose your own pension plan and double the cost, since we have to fund the "employer's" portion as well. Take off another 300-600 per month for the payroll charges, and around a 1000 per year to pay an accountant to check it all. Deduct another 35 per diem which is what is assessed as our additional costs through not being an employee. That brings us down to around 65 per hour gross pay left out of the initial 130 and we haven't even thought about income tax yet. Then you also have to consider our hours are often capped at 19 days per month, maximum 48 weeks per year. Now do the math.

As a rule of thumb it's better to do the calculation you did, then half it to see what the pay really is.
Agree but it should be noted that you can deduct all employer related expenses e.g. Employer share of AHV, BVG contributions as well as per diems, travel, etc thus reducing the company tax burden. Obviously this needs to be done in consultation with a treuhand (assuming you are not one)
Reply With Quote
  #20  
Old 18.02.2012, 23:41
Salsa_Lover's Avatar
Junior Member
 
Join Date: Jan 2012
Location: Zrich
Posts: 93
Groaned at 5 Times in 4 Posts
Thanked 98 Times in 46 Posts
Salsa_Lover is considered knowledgeableSalsa_Lover is considered knowledgeableSalsa_Lover is considered knowledgeable
True, but also depends on how good was your deal with the agency.

Two guys could be doing the same position and their agencies invoicing that to the customer, but one could be on a 90K/year pseudo-perm and the other as contractor getting 150K/year brut.
Reply With Quote
Reply




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
IT/CH banking? burntoutmatch Finance/banking/taxation 0 23.08.2011 06:40
Is it easy to find a job in banking? alextarki Employment 6 06.12.2010 22:11
Career advice [IT - Swiss banking]? archie Employment 12 21.09.2009 16:43
How much is an IT Project Manager in Investment Banking worth? gmk Employment 22 26.05.2008 12:00
Mainframe IT in the Banking sector TracerZA Employment 0 20.02.2008 08:56


All times are GMT +2. The time now is 06:35.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0