Go Back   English Forum Switzerland > Help & tips > Employment  
Reply
 
Thread Tools Display Modes
  #1  
Old 29.04.2007, 13:15
Member
 
Join Date: Oct 2006
Location: Zurich
Posts: 121
Groaned at 12 Times in 5 Posts
Thanked 7 Times in 6 Posts
barish is considered unworthybarish is considered unworthybarish is considered unworthybarish is considered unworthy
Got a new job in a bank but is the salary enough?

Hi everyone.

As of July 1st, I will have started my new job in a bank as junior project manager in IT and I am 26. We have agreed upon 85.000 CHF + %5-10 bonus as salary. THey will also pay for my german lessons and MBA either in their internal business school or in another one in switzerland.

Anyone works in IT for a bank?? any ideas about how well I did in this salary deal? I know bank salaries are quite high in switzerland and for me this offer was more than enough however i still have doubts..

Last edited by Lob; 02.05.2007 at 09:53.
Reply With Quote
  #2  
Old 29.04.2007, 13:18
Balerina's Avatar
Member
 
Join Date: Mar 2007
Location: Zürich
Posts: 114
Groaned at 1 Time in 1 Post
Thanked 25 Times in 17 Posts
Balerina has no particular reputation at present
Re: Got a new job in a bank but is the salary enough?

Considering your age, the MBA and your german lessons, I think you have done very well.
Reply With Quote
  #3  
Old 29.04.2007, 13:47
Creative_Path's Avatar
Junior Member
 
Join Date: Apr 2007
Location: BS
Posts: 71
Groaned at 8 Times in 1 Post
Thanked 8 Times in 7 Posts
Creative_Path is considered a nuisanceCreative_Path is considered a nuisanceCreative_Path is considered a nuisance
Re: Got a new job in a bank but is the salary enough?

I think it was a perfect deal. 85,000 bucks + MBA ----> Good Offer.


Reply With Quote
  #4  
Old 29.04.2007, 14:08
AnAustralian's Avatar
Forum Veteran
 
Join Date: Apr 2007
Location: Melbourne, Australia
Posts: 1,207
Groaned at 6 Times in 4 Posts
Thanked 560 Times in 318 Posts
AnAustralian is considered knowledgeableAnAustralian is considered knowledgeableAnAustralian is considered knowledgeable
Re: Got a new job in a bank but is the salary enough?

Yes I think many people would kill for such a deal.
Reply With Quote
  #5  
Old 29.04.2007, 14:28
Senior Member
 
Join Date: Nov 2006
Location: Zurich
Posts: 264
Groaned at 3 Times in 3 Posts
Thanked 61 Times in 51 Posts
Greenhill has earned some respectGreenhill has earned some respect
Re: Got a new job in a bank but is the salary enough?

Quote:
View Post
Hi everyone.

As of July 1st, I will have started my new job in a bank as junior project manager in IT and I am 26. We have agreed upon 85.000 CHF + %5-10 bonus as salary. THey will also pay for my german lessons and MBA either in their internal business school or in another one in switzerland.

Anyone works in IT for a bank?? any ideas about how well I did in this salary deal? I know bank salaries are quite high in switzerland and for me this offer was more than enough however i still have doubts..
For the post of Junior project manager you have done well in the negotiations . Probably you should take in writing about days off for classes, workshops and exams apart from the cost of tuition fees.

You can also opt for Distance learning as some international schools are ranked higher than normal Swiss ones (apart from IMD).

Last edited by Lob; 02.05.2007 at 09:53.
Reply With Quote
  #6  
Old 29.04.2007, 15:03
gbn's Avatar
gbn gbn is offline
Forum Legend
 
Join Date: Dec 2005
Location: Zuri Oberland
Posts: 2,753
Groaned at 107 Times in 73 Posts
Thanked 2,424 Times in 1,138 Posts
gbn has a reputation beyond reputegbn has a reputation beyond reputegbn has a reputation beyond reputegbn has a reputation beyond reputegbn has a reputation beyond repute
Re: Got a new job in a bank but is the salary enough?

If you're happy with it, then yes it is enough.
It is as simple as that.

Note the bonus is not guaranteed and counts for nothing in negotiations. Cash in hand is worth 2 in the bush etc

your employer pay for German lessons? You mean you pay then it is claimed back assuming you use a recognised provider...

Last edited by Lob; 02.05.2007 at 09:54.
Reply With Quote
  #7  
Old 29.04.2007, 18:51
Member
 
Join Date: Oct 2006
Location: Zurich
Posts: 121
Groaned at 12 Times in 5 Posts
Thanked 7 Times in 6 Posts
barish is considered unworthybarish is considered unworthybarish is considered unworthybarish is considered unworthy
Re: Got a new job in a bank but is the salary enough?

Quote:
View Post
You can also opt for Distance learning as some international schools are ranked higher than normal Swiss ones (apart from IMD).
I was told I could either take courses in their internal business school and earn MBA degree in project management or i could do external courses (in such case, they pay %80 of the tution). I found SBS (swiss business school) on the net. They seem to be pretty much credited and well known for mba courses. IMD is opt for ones with +7 years work experience and +30-35 years of age (numbers from IMD website). Apart from the topic itself, have you heard about SBS? or do you know how well could internal business school be?
Reply With Quote
  #8  
Old 29.04.2007, 18:52
Member
 
Join Date: Oct 2006
Location: Zurich
Posts: 121
Groaned at 12 Times in 5 Posts
Thanked 7 Times in 6 Posts
barish is considered unworthybarish is considered unworthybarish is considered unworthybarish is considered unworthy
Re: Got a new job in a bank but is the salary enough?

and.. thanks a lot for other's feedback! I am glad to hear that Ive made a good deal
Reply With Quote
  #9  
Old 29.04.2007, 19:46
CS_owns_Zurich_n_me's Avatar
Member
 
Join Date: Jul 2006
Location: Zurich
Posts: 168
Groaned at 0 Times in 0 Posts
Thanked 65 Times in 27 Posts
CS_owns_Zurich_n_me has made some interesting contributions
Re: Got a new job in a bank but is the salary enough?

Regarding German lesson, they have German lessons in the offices with a local very good company all bought and paid for (Group lessons though obviously)

Regarding the salary, at banks these things are generally tied to your position and level, salary increase are generally low for the whole population (the pot was 5% for everyone this year). Bonuses are good as is pay with promotion and the increases are significant.

It is a great company for fringe benefits and the Business School is very good. Well done for joining the major bank in Switzerland (from an investors point of view).

Enjoy, it will be challenging, but fun.

Last edited by Lob; 02.05.2007 at 09:55.
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
Need a safe bank Lechuga Finance/banking/taxation 11 13.04.2007 12:40
Salary must be fair? kfcfriend Employment 20 18.03.2007 19:44
how to apply a car loan from bank? rallywang Finance/banking/taxation 7 01.03.2007 15:07
Salary and Tax structure in Zurich kcpadhi Employment 0 20.02.2007 15:44
Consumer banking in Switzerland. Guest Finance/banking/taxation 50 30.11.2006 21:31


All times are GMT +2. The time now is 04:31.


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