Thousands of jobs are being cut in the banking sector, but big banks still offer training programmes for future bankers. Even for those who make it, the days of job security and easy bonuses are over.
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Raffaella Rossello
Despite incurring massive losses during the financial crisis and collecting negative press about tax evasion and rogue trading, UBS is still able to attract some of the brightest graduates into its training programmes. (Raffaella Rossello, swissinfo.ch)
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Who wants to be a Swiss banker?
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Last year, UBS and Credit Suisse slashed 7,000 global jobs between them (around 1,500 in Switzerland). UBS chief executive Sergio Ermotti expressed fears in a recent newspaper interview that 20,000 more jobs may be cut by Swiss banks in the coming years – a fifth of all current employees. “I fear there may be more…
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.