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Finance staff are biggest earners

Financial sector staff are the highest paid Swiss employees, taking home SFr5,000 ($4,809) a month more than the lowest earners.

Monthly wages for top financial services workers averaged SFr8,572 while hotel and restaurant staff earned around SFr3,902, according to a detailed study of salaries from 2004-2006 published by the Federal Statistics Office on Friday.

Salaries in around half of the sectors increased compared with 2004, rising from SFr202 in the textile industry to SFr1,032 in financial intermediation, while they dropped in the transport industry.

Women’s wages were consistently lower than men’s, with the biggest disparity of SFr1,519 in the highest qualified professional posts.

Foreign residents’ salaries overtook Swiss nationals’ in top qualified posts but were matched in professional fields. They were lower in specialist professional fields and in routine jobs.

Swiss gross average wages were ranked second highest in Europe after Denmark.

The survey is carried every two years and is based on a questionnaire sent to the private and public sector. It does not include agricultural wages.

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SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR