Skiplink Navigation

Main Features

Wages Bankers are no longer Switzerland’s top earners

briefcase with money

The gross median monthly salary in Switzerland is CHF6,502 (2018).


The pharmaceutical industry and insurance companies have overtaken banking as the best paid sectors in Switzerland, according to the NZZ am Sonntag.

In 2016, bank executives took home an average gross salary of CHF220,000 ($220,394) per year, which is CHF 40,000 less than ten years ago.

The pharmaceutical sector, in contrast, is paying CHF280,000.

The German-language newspaper examined the (unpublished) figures of the 2016 wage structure survey.

The same picture emerges at the top level of management.

When it comes to senior bank managers, the average salary shrank from CHF660,000 to CHF530,000.

That’s about a fifth lower than what pharmaceutical and insurance company executives get.

Hans-Peter Portmann, vice-president of the Zurich Bankers Association (ZBV), explains that above all the variable remuneration and bonuses of banks have fallen significantly.

"At the middle management levels, the state sometimes even pays higher wages than the banking sector", he said.



Neuer Inhalt

Horizontal Line

The citizens' meeting

How the Swiss are moving back to the mountains

How the Swiss are moving back to the mountains

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters