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The German-language newspaper examined the (unpublished) figures of the 2016 wage structure survey.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.
This content was published on
Nemo brought the Eurovision Song Contest to Switzerland with a victory on Saturday evening in Malmö, Sweden. It is Switzerland's third victory in the history of the music contest.
Switzerland abstains from vote on Palestinian bid for full UN membership
This content was published on
On Friday, Switzerland abstained from the vote at the General Assembly on granting the Palestinians new rights at the United Nations (UN).
Protein in abdominal fat could help shape obesity treatment
This content was published on
The study analysed fat cells from different locations in the body, and found that those in the abdomen have unique properties.
North African asylum claims fall after rapid Swiss processing
This content was published on
The accelerated procedure, now out of its test phase, has resulted in a significant drop in applications from North African countries.
This content was published on
The artist's song "The Code" focuses on their journey as a nonbinary individual. It is one of the favourites to win this year's contest.
Beware of exploitative part-time jobs in Switzerland
This content was published on
Gaurav tries to find a job in Indian restaurants to pay the bills but is shocked when asked to work long hours for a pittance.
This content was published on
HSBC study finds expats in Switzerland remain the highest earners globally, bringing home an average annual income of $202,865 (CHF202,516).
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.