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  #21  
Old 09.09.2018, 02:04
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

I am 21 years old, after my master I will be 23 years old - I think someone in my age can't be an expert.

Of course, everything that belongs to the sphere in which I can act will be fulfilled.

By the end of my master I will have at least a year of work experience (at least 2 internships, but probably more), fluent in 3 world languages (German, English, Russian), good grades, professional certificates (currently CFA L1, L2 next year)... and finally... the brand HSG.
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  #22  
Old 11.04.2019, 19:58
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

As a non-EU student at HSG, possibly in the program you are interested in, all I can tell you is that if your goal is to work in Switzerland after, find a Swiss partner to marry because even with top grades, experience and specific qualifications for certain roles, firms have been clear in saying they are not keen on the immigration process because of how stringent it is.
Life is Switzerland is expensive and had I known that the prospects were this impossible I would have never made the move to St. Gallen. I just wish I had someone to inform me about this as my expectations and the reality are light years apart.

I would suggest you look for schools in Germany, the immigration requirements are much more tailored to non-EU people and an additional factor is that you won't have to spend tons of money on tuition and living expenses in Switzerland when your chances of an entry level consulting/banking job are as close to zero as it can get.

Feel free to reach out to me if you have any questions.
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  #23  
Old 11.04.2019, 23:56
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

Dear Mattttt, thanks for reply!

Update from my side: My thread was originally written for MaccFin program. I actually got an offer for the most prestigious master program at HSG (Master in Banking and Finance). Will this fact change my chances? (6th best Finance master in the world)

In the meantime, I'm currently doing an internship at one elite boutique investment bank in Frankfurt.

In September 2019 will begin HSG program and at the same time recruiting for summer internship 2020 in Zurich, which would further lead me to the full time offer at the end of my master. In September 2019 - In my humble opinion, I will have profile better than +90% of a group of people who will compete with me for the same positions.


But...

Quote:
c) Hohes wissenschaftliches lnteresse:
In Frage kommen qualifizierte Wissenschaftlerinnen und Wissenschaftler in Bereichen, in
denen sie ihre erworbenen Fahigkeiten auf hohem Niveau ausuben konnen. Es handelt sich
dabei in der Regel um wissenschaftliche Arbeiten in der Forschung und Entwicklung, in der
Anwendung neuer Technologien oder um die Anwendung von erworbenem Know-how in
Tatigkeitsgebieten von hohem wirtschaftlichem lnteresse.
d) Hohes wirtschaftliches lnteresse:
Ein hohes wirtschaftliches lnteresse kann vorliegen, wenn fUr die abgeschlossene Fachrichtung ein ausgewiesener Bedarf auf dem Arbeitsmarkt besteht, die abgeschlossene Fachrichtung hoch spezialisiert ist und auf die Stelle zugeschnitten ist, die Besetzung der Stelle im
Rahmen einer Projektinvestition unmittelbar zusatzliche Stellen schafft oder neue Auftrage
fUr die Schweizer Wirtschaft generiert.
1) I'm not an expert - it's not possible for someone to be an expert at the age of 22.
2) I doubt that finance has scientific significance for the community

Unfortunately, the whole situation seems to me very bad and I do not see how a young NON EU graduate can get a job in the financial sector of Switzerland.
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  #24  
Old 12.04.2019, 10:37
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

The top Masters at HSG is the SIM, and in all honesty the program is great, giving you tons of access to the best consulting and banking firms in Zurich. But the truth still remains, regardless of your profile, justifying hiring a new graduate for an entry level positions is something these firms will not do.

I am speaking from experience as I had jobs that were tailored to my experience but the work permit issue was always an obstacle.

At the end of the day the decision is yours to make but if you want to work in Zurich, being the best, having internships/work experience, will not make you unique, as every HSG student has that profile and firms need to make work permit efforts for specialists not recent graduates.

But I did read an article that the government wants to scrap quotas for non-EU graduates, if you are a gambler you can take your chances and hope that by the time you graduate this initiative will be in place, hence your job chances will look significantly different.
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  #25  
Old 12.04.2019, 10:41
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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But I did read an article that the government wants to scrap quotas for non-EU graduates

Where did you read that? Doesn´t seem to be in line with what is currently happening
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  #26  
Old 12.04.2019, 10:45
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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The top Masters at HSG is the SIM, and in all honesty the program is great, giving you tons of access to the best consulting and banking firms in Zurich. But the truth still remains, regardless of your profile, justifying hiring a new graduate for an entry level positions is something these firms will not do.

I am speaking from experience as I had jobs that were tailored to my experience but the work permit issue was always an obstacle.

At the end of the day the decision is yours to make but if you want to work in Zurich, being the best, having internships/work experience, will not make you unique, as every HSG student has that profile and firms need to make work permit efforts for specialists not recent graduates.

But I did read an article that the government wants to scrap quotas for non-EU graduates, if you are a gambler you can take your chances and hope that by the time you graduate this initiative will be in place, hence your job chances will look significantly different.
Adding to my above statement, out of all the non-EU people I know at HSG, only one landed a job in Switzerland and that was in 2015, the rest are all in Germany or some other part of the world.
Try to reach out to the MBF office and get real statistics on non-EU people hired in Switzerland and insist that you mean real non-EU students not students with dual nationalities who they qualify as non-EU to embellish employment statistics.

Thats all from me, and the decision at the end of the day is yours. If you do go ahead and move to St. Gallen I advise you to be positive and get used to rejections and an extremely exhausting, for me, still unsuccessful job hunt.
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  #27  
Old 12.04.2019, 11:57
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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Where did you read that? Doesn´t seem to be in line with what is currently happening
This article in the local...and it is Parliament

https://l.facebook.com/l.php?u=https...0hHmITrcZ198hP
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  #28  
Old 12.04.2019, 12:12
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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This article in the local...and it is Parliament

https://l.facebook.com/l.php?u=https...0hHmITrcZ198hP

It´s behind a paywall
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  #29  
Old 12.04.2019, 15:51
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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It´s behind a paywall
I got a a bit of it before the paywall popped up. It's from March 21. What I could get (all copyright to LOLcal and such):

Quote:
The senate voted overwhelmingly in favour of the proposal despite government opposition.

The planned changes affect graduates of Swiss universities and technical institutes from so-called 'third countries', as nations outside the European Union (EU) and European Free Trade Association (EFTA) are known.

Under the plan, graduates from these countries who have skills required by the Swiss workforce would no longer be subject to the quotas which normally apply to third-country nationals who want to work in Switzerland.

By law, people from these third countries are currently only admitted if it is considered to be “in the general economic interest” of Switzerland and if yearly quotas for third-country nationals (a total of 8,500 this year) have not yet been filled.

The result of this policy is that only around 10–15 percent of non-EU/EFTA graduates of Swiss higher education institutions stay on in the country, according to figures from Swiss industry group economiesuisse and quoted by Swiss newspaper NZZ.

The total number of graduates in this group is not high – just under 3,000 in 2017.

But for Swiss MP Marcel Dobler – the politician behind the proposal to scrap the quota system for these graduates – the fact that most of them do not remain in Switzerland is a problem on a number of fronts.

Firstly, Switzerland is paying a lot of money to educate these people without reaping the benefits.

Secondly, over 50 percent of these students have studied mathematics, informatics, natural sciences, and technics (the ‘so-called’ MINT subjects) – precisely the areas where Switzerland has a skills shortage.

Lastly, as Dobler also pointed out in the text of his original motion, these graduates are already well-integrated in Switzerland. They can be placed in Swiss companies immediately and many of them are likely to set up start-ups after graduating, making them the sort of innovative people the country needs.
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  #30  
Old 12.04.2019, 20:42
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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It´s behind a paywall
Just try googling it, I had a few free articles to view and this was one of them, now it is behind a paywall too.
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  #31  
Old 13.04.2019, 13:35
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

As a Swiss graduate you also have 6 month L after graduation, not that much time but might increase your chances in finding something
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  #32  
Old 14.04.2019, 12:31
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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As a Swiss graduate you also have 6 month L after graduation, not that much time but might increase your chances in finding something
This Initiative is deceptive as it doesn't highlight the fact that even if you are offered a job, you will still be subject to the restrictive quotas.
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  #33  
Old 14.04.2019, 12:55
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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This Initiative is deceptive as it doesn't highlight the fact that even if you are offered a job, you will still be subject to the restrictive quotas.
"Gainful employment following study in Switzerland (Art. 21 para. 3 FNIA)
Foreign nationals can be admitted to work without having to provide evidence of their status under the precedence rule in Art. 21 FNIA if there is a significant academic or economic interest in their employment. This rule applies only to degrees from recognised Swiss higher education institutions (universities and universities of applied sciences)."

https://www.sem.admin.ch/sem/en/home...ml#Derogations from the admission requirements
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  #34  
Old 14.04.2019, 13:36
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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"Gainful employment following study in Switzerland (Art. 21 para. 3 FNIA)
Foreign nationals can be admitted to work without having to provide evidence of their status under the precedence rule in Art. 21 FNIA if there is a significant academic or economic interest in their employment. This rule applies only to degrees from recognised Swiss higher education institutions (universities and universities of applied sciences)."

https://www.sem.admin.ch/sem/en/home...ml#Derogations from the admission requirements
The loophole lies in how academic or economic interest is defined by the Labour office, an explanation I got from the office in Zurich. So this doesn't mean you won't be subject to quotas or the intensive scrutinization process used to determine if a Swiss or EU citizen couldn't be found to fill the position.
In addition to that, the poster wants to land an entry level position in banking. That is not considered an economic interest position at all by the Swiss authorities.
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  #35  
Old 14.04.2019, 13:56
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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The loophole lies in how academic or economic interest is defined by the Labour office, an explanation I got from the office in Zurich. So this doesn't mean you won't be subject to quotas or the intensive scrutinization process used to determine if a Swiss or EU citizen couldn't be found to fill the position.
In addition to that, the poster wants to land an entry level position in banking. That is not considered an economic interest position at all by the Swiss authorities.
Yeah, really depends on what they class as economic or scientific interest.
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  #36  
Old 22.04.2019, 01:22
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

Last month I attended the event hosted by major banks and AM companies, a few of them from CH.

I explained my situation to a representative of a Swiss bank and she said openly, alluding to my origin and the big number of "Yugos" in CH, that during my studies it would be smarter to find a woman to marry in CH instead of doing various internships and having perfect GPA.

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The loophole lies in how academic or economic interest is defined by the Labour office, an explanation I got from the office in Zurich. So this doesn't mean you won't be subject to quotas or the intensive scrutinization process used to determine if a Swiss or EU citizen couldn't be found to fill the position.
In addition to that, the poster wants to land an entry level position in banking. That is not considered an economic interest position at all by the Swiss authorities.
Thanks Mattttt!

Could you please write what is the exact definition of academic or economic interest according to labour office in Zurich?
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  #37  
Old 23.04.2019, 19:02
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Re: Non EU + Swiss university master diploma - is it possible to get a work permit?

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Last month I attended the event hosted by major banks and AM companies, a few of them from CH.

I explained my situation to a representative of a Swiss bank and she said openly, alluding to my origin and the big number of "Yugos" in CH, that during my studies it would be smarter to find a woman to marry in CH instead of doing various internships and having perfect GPA.
Just wanted to reiterate that what Mattttt has said in this thread is completely true. From my experience (HSG Master in Economics), it is incredibly tough for non-EU graduates to find placement unless they are very well networked and have someone else pulling for them on the inside already.

I've seen some of my smartest and most competent colleagues have to relocate to Germany or the UK simply because no company within Switzerland was willing or able to go through the process required to grant them a working permit.

The best that I have heard that non-EU graduates were able to secure were limited-time internships until their student visa would expire, and then an additional 6 months on an L permit, but no more.
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