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Old 12.01.2008, 14:52
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IT Jobs in Swiss Banks

hello all,
i am trying to find a job for tier1 banks in Switzerland.
I have 9 years of experience as Software Developer, i was wondering if anyone could tell me what salary could i expect from IT Banking positions....

thanks in advance and regards
Marco
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  #2  
Old 12.01.2008, 15:30
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Re: IT Jobs in Swiss Banks

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hello all,
i am trying to find a job for tier1 banks in Switzerland.
I have 9 years of experience as Software Developer, i was wondering if anyone could tell me what salary could i expect from IT Banking positions....

thanks in advance and regards
Marco
Have you searched jobserve.co.uk, cwjobs.co.uk etc? (which have Swiss jobs)
Have you searched this forum for Engish speaking agencies that deal with big banks?

And of course we'll be able to help if we knew more about your skills, previous experience etc?
Are you a database god, Microsoft master or helldesk monkey?

Best guess: CHF 83546.45 with free crayons
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Old 12.01.2008, 15:40
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Re: IT Jobs in Swiss Banks

hello,
well, most job adv does not advertise salary......... i was just passing by here and wondered to ask it here..
i m a sw monkey , worked for Nokia, for a smal lLogistic company and now for an investment bank in london (in mid-office)...
work with Java/J2EE/C#,XML/XSLT, webapps, over Sybase/DB2/Oracle..using JBoss/Websphere/Tomcat/WAS to extremely summarize my skills.......

well, if i get free crayons, i suppose in spare time i can improve my drawing skills

thanks for reply

marco
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Old 12.01.2008, 16:02
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Re: IT Jobs in Swiss Banks

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hello,
well, most job adv does not advertise salary......... i was just passing by here and wondered to ask it here..
i m a sw monkey , worked for Nokia, for a smal lLogistic company and now for an investment bank in london (in mid-office)...
work with Java/J2EE/C#,XML/XSLT, webapps, over Sybase/DB2/Oracle..using JBoss/Websphere/Tomcat/WAS to extremely summarize my skills.......

well, if i get free crayons, i suppose in spare time i can improve my drawing skills

thanks for reply

marco
Hi there, if your skills are right as you wrote them, I think you could get 100K+ year salary.
I work for the biggest swiss bank as software engineer and I see high wages for people with your expertise. Try to have a look at http://www.efinancialcareers.co.uk or http://www.theitjobboard.com/index.p...=en&currpage=2
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Old 12.01.2008, 17:00
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Re: IT Jobs in Swiss Banks

Can you post your exact salary? On what are you basing 100k+?

There is a website that gives fairly reliable stats but last time I posted it a moderator removed it because the info is in german. Except for the numbers, they were in arabic.
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Old 12.01.2008, 18:09
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Re: IT Jobs in Swiss Banks

If you have a true 9 years experience, some decent projects under your belt for some decent companies, and you are any good you can expect 115k - 130k depending on your age. If you are really good and have held some senior positions you can maybe swing 130k-150k.

Not all banks will offer free crayons in the current environment, but a free unsharpened pencil and some post-it notes are possible with some tough negotiation.
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Old 12.01.2008, 18:18
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Re: IT Jobs in Swiss Banks

hi all,
thanks for replies..
i think i m lost with this crayons, pencil and post-it notes.....
could anyone explain ?

thanks and regards
marco
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Old 12.01.2008, 20:20
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Re: IT Jobs in Swiss Banks

Any banks out there offering magnets?
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Old 12.01.2008, 21:06
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Re: IT Jobs in Swiss Banks

At some banks the project managers will beg you on hands and knees to work for them. The benefits are just great - for instance the pole dancers in every office, gaming area with X-Boxes and Playstations. We even get around to writing code some days.

Cheers,

Nick
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Old 09.07.2008, 12:35
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Re: IT Jobs in Swiss Banks

Using CS as an example, your contract rate would be around 760 CHF per day. Your salary, you can expect in the 80 - 120K region.

Your skills - unfortunately for you - are exactly duplicated by 7m Indian IT graduates every year. The experience is something to trade on but reading your posts say that you are not that experienced in banking (yet).

In Switzerland, it is worth noting that the UN, chemical, Insurance industries tend to pay more than the banks (e.g. 30-50% more) so don't make the mistake that just because banking in London is the 'nuts' that it is here. In Switzerland most of the banking contract job market (about 85%) is taken up by 2 banks UBS and CS and most of the work is in the private banking area. Since private banking makes money and its clients are there anyway, they tend not to be installing the latest wonderful products because there is no need. You may have heard of Calypso or Murex. I donít think a Swiss trader will have though. (I standby to be corrected!).

In London, you, I suppose would be looking at 450-500 gbp pd contract and 60K salary. Benefits are less here, but so is tax. Costs are less to.

Smart (or at least mobile) people should be going to asia now. Nuff said.
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Old 01.11.2011, 14:20
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Re: IT Jobs in Swiss Banks

Would somebody that works or have worked in IT for Swiss banks (or in the financial field) care share their opinions about working conditions: work-life-balance, working environment (are colleagues nice, is it a shark's pool), are the tasks interesting/challenging, must a suit be worn everyday...
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Old 01.11.2011, 14:39
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Re: IT Jobs in Swiss Banks

A bit about your background would be useful, so we can help with comparisons...
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Old 01.11.2011, 14:46
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Re: IT Jobs in Swiss Banks

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A bit about your background would be useful, so
we can help with comparisons...
I'm in Software development, 8.5 years experience, 4 of them here in a very family friendly and cool small company.
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Old 01.11.2011, 14:56
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Re: IT Jobs in Swiss Banks

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I'm in Software development, 8.5 years experience, 4 of them here in a very family friendly and cool small company.

then a bank will be very much worse
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Old 01.11.2011, 14:58
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Re: IT Jobs in Swiss Banks

The Banking world is very much like the rest of the world (don't we all eat caviar and drink Champagne at lunch?).

It all depends on which part of the bank you work for.

If you end up on the Trading Floor, then you can be busy as hell all day in a very aggressive environment. If you're working in one of the Back Office areas, it can be quiet. There really is no "general", as I've worked in both those locations for different banks and had a totally different experience every time.

Larger organisations (UBS, CS, DB) will have larger HR departments, and whilst you will be more of a number than an actual person, things like max working hours will be more regulated than a smaller private bank, where you have to take a half day holiday if you work anything less than 12 hours.
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Old 02.11.2011, 08:46
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Re: IT Jobs in Swiss Banks

if it is CS - you're career path will be littered with TCS and Cognizant consultants who'll be marginally more expensive than you but backed by a big machine.

If it is UBS - you'll not be getting a bonus any time soon and work with a bunch of folk that hate Investment bankers. Hell, even Investment bankers hate investment bankers in that office...

They are also both making redundancies so I would wonder about the logic of moving there.
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Old 02.11.2011, 09:16
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Re: IT Jobs in Swiss Banks

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if it is CS - you're career path will be littered with TCS and Cognizant consultants who'll be marginally more expensive than you but backed by a big machine.

If it is UBS - you'll not be getting a bonus any time soon and work with a bunch of folk that hate Investment bankers. Hell, even Investment bankers hate investment bankers in that office...

They are also both making redundancies so I would wonder about the logic of moving there.
TCS consultants = OVOID getting onto any project where you are reliant on them. I hope nobody takes offence at my sweeping generalisation, but every time I've done a project with these guys involved, it's always resulted in much less sleep.

It's basically 20 year old software that they keep patching to hopefully make work (and not always well at that)
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Old 02.11.2011, 10:06
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Re: IT Jobs in Swiss Banks

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TCS consultants = OVOID getting onto any project
Never employ egg-shaped consultants. They crack easily under pressure.
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Old 02.11.2011, 11:03
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Re: IT Jobs in Swiss Banks

Sorry. Thats what happens when you post before your 4th coffee in the morning......
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