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Market for finance jobs improving

After announcing in October 2012 that it would cut 2500 jobs in Switzerland by 2015, UBS – like many other financial services companies – seems to be on the rebound Keystone

The number of finance jobs listed on the market in Switzerland has reached 3,590 – the highest level since June 2011. The figure reflects an increase of almost 17 per cent from the beginning of 2013 to the end of September, reports the Finews Job Directory Index.

The index, published by the Swiss finance portal, includes jobs in banking, insurance, and related financial firms.

Banks in particular are hiring more personnel, according to the report, with the number of listed positions increasing by almost 21 per cent since January 2013.

According to the report’s authors, one potential reason for the increase in advertised positions is the tightening of regulatory requirements in the financial sector. In order to meet the requirements, banks need more competent and better educated employees, they said.

There were contrasting developments at the two major banks, UBS and Credit Suisse. Whereas the number of positions advertised by UBS increased, the number advertised by Credit Suisse decreased steadily, ostensibly due to savings measures.

The Finews Job Directory Index is based on data from the web portal The report evaluated the job offerings of 1,400 employers.

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SWI - a branch of Swiss Broadcasting Corporation SRG SSR

SWI - a branch of Swiss Broadcasting Corporation SRG SSR