Overview of Switzerland Finance & Banking Jobs

In the first Quarter of 2010, the number of jobs available in the Swiss financial sector was around a total of 3,508 jobs. This is an increase of 19 percent over the same quarter in 2009. From the latest report by Finance & Operational Recruitment (FOR) the number of job vacancies in the Swiss financial sector has increased since the summer of 2009 by 35 percent.

Based upon a total of 1,400 banks, insurance companies, accountants and other consultants currently there are 3’508 finance jobs are advertised. That is 35 percent more than in June 2009.

Across the banking sector banks in Switzerland had a total of 1,457 jobs at the end of March 2010. This is 110 percent more than in June 2009.

In Insurance we have seen a slight decline. Across the insurance industry, including health insurance, in the summer of 2009 there was 1,086 open insurance jobs. At the end of March 2010 this had declined to 1,016. This represents a decline of -6.4 percent.

Across the other financial sectors & support industries (Accounting, consulting, IT, etc.) jobs have increased from 819 to 1,035 (+26.4 percent).

The main reasons for this development, is the banks are replacing staff originally cut when they had to reduce costs – during the previous 2 years. For many insurance companies, cost cutting is ongoing. In addition, increased regulatory pressure meant additional experts were necessary.

The report used an index which shows the evolution of online Switzerland job vacancies in the financial sector in Switzerland and Liechtenstein. The index is produced every three months by the Swiss financial portal finews.ch with data of the portal JobDirectory.ch.

Switzerland Banking Jobs in focus:

Most banking jobs were offered in late March 2010, Credit Suisse, with 395 jobs, followed by UBS with 336. While at Credit Suisse, the demand last year grew more constant and rose sharply from 2010, at UBS as early as October 2009, there was a significant increase which lasted up to February 2010.

Foreign banks are recruiting

Coupled with this the Foreign Banks in Switzerland are recruiting for banking jobs. This increase reflects recruitment having a high turnover, but also the fact that many institutions consider the adjustment in the private banking as an opportunity to recruit good people.

Swiss Banking looking to the customer:

Almost two-thirds of all vacant banking jobs in Switzerland are for specialists and executives. Only ten percent of the jobs are for employees on the level of clerk or assistant.

The greatest demand for workers is at the customer front. The most common available banking job is for Account Managers in the retail and SME business, followed by Investment advisers in the so-called affluent area (average retail segment).

In relative terms, the number of classical Private Banker -which to serve wealthy clients has grown the most. Since summer 2009, the number of private banking jobs presented has increased from 19 to 45, representing an increase of 140 percent.

Overall – good recruitment growth:

In the first Quarter of 2010, the number of jobs available in the Swiss financial sector was around a total of 3’508 jobs. This is an increase of 19 percent over the same quarter in 2009.

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Top Ten Finance Jobs – The Best Financial Jobs

If you’ve got no idea which finance job would suit you best, worry not we’ve compiled a list of ten of the most popular financial jobs.

Auditor – there are two types of financial auditors, internal and external. The principle difference between the two types is who the employer is. If you wanted to be an external you would be employed by one of the big city financial firms. While internal auditors normally work within the company. As a consequence only companies of a certain size can justify employing internal auditors.

Banking – there are dozens of branches on every high street in every town, and that’s only the frontline staff for customers. By the time you’ve factored in all the behinds the scenes staff and the people working at head offices, the scope jobs offered by banks is huge. As well established companies, they offer some great benefits for employees with reliable job security.

Underwriter- insurance is a dynamic and interesting sector to work in. Underwriters are ultimately responsible for working out how much your premium is. Whether its car, holiday, health or any other kind of insurance there are specialist underwriter jobs which can provide engaging job opportunities.

Private Equity – though hugely complex, those working in private equity usually work funding business start ups. Often they are looking for a portfolio of investments where the individual projects might be quite risky but collectively creates a rewarding investment. Private equity typically attracts two types of people, industry experts who are able to identify the companies that offer the best chance of proving successful and those with more of a financial background who are responsible for managing the portfolio and the investments.

Payroll – the most important person in any company is the person responsible for payroll, they make sure you get paid! The larger and more complex the structure of the company the more difficult the role becomes. A good understanding of payments as well as the various tax and pension laws is vital for anyone thinking of pursuing a career in payroll.

Accounts Assistant- for many people it’s difficult to know where to start when looking for a career in finance, especially if you have no specific qualifications or experience. An Accounts Assistant job may be an ideal opportunity. These entry level positions offers a chance to experience many of the different disciplines which are involved in finance, which may help you decide where you would like to specialise.

Credit Controller – Accounts Receivable is one of the most popular departments to work in within a busy account department. Credit controllers roles can vary enormously but normally they job is based around ensuring that invoices created by the company are paid in a timely manner.

Financial Director – When it comes the Finance the FD is the top dog. Of course the size company makes a huge difference, but whether it’s a SME or a FTSE 100 company FDs are normally in charge of everything financial in the company. With these positions comes great responsibility but usually the experience of FD enables them to carry out their roles with confidence.

Management Accountant – Of all the disciplines of accountancy management accounts is among the most popular, usually they focus more of forecasting the future than assessing the past like auditing.

Business Analyst – while you get many different kinds of business analysts specialising in different industries, there are a significant number of financial business analysts who fulfil a role not dis-similar to management accountants. They are given responsibility for analyzing the needs of their businesses customers and stakeholders to highlight financial business problems and suggest solutions.

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M&A Jobs – A 360-Degree Approach to Prospecting Boutique Banks

Lazard and Evercore Partners are part of a slew of boutique banks reporting healthy upticks in revenue. Deals are flowing, earnings are up and everyone is in a jovial mood. This is a good time to introduce yourself to the boutique banks you want to work for. But heed my advice and do not become overly complacent. In a market where I am seeing applicants from bulge bracket families knocking for months on investment banking doors, consider employing a comprehensive 360-degree job strategy.

360-degree thinking is an increasingly popular method of improving effectiveness from the manufacturing floor to workplace culture. It recognizes the importance of decision making that involves and impacts all levels of an organization. In 360-degree job hunting, we focus on impacting all levels of your position sphere – the job position you are targeting and opportunities above, below and parallel to it. Let’s say your target job is a junior investment banker. It looks easy. Send in the resume. Trouble is, several intermediate bankers from Goldman Sachs, Lehman Brothers and Bear Stearns also have their resumes in.

Let’s do a 360. First, let’s spin around from side to side. What other opportunities are open in the firms you are applying to? Consider looking at analyst opportunities. Good experience as a technology analyst will help you make a lateral move as the M&A technology market, which is heating up, continues hiring. Boutique banks are gaining business by emphasizing specialized services such as financial advisory. This implies that they will need to bolster their pool of analysts. Asset management and restructuring are other core services increasingly in demand from boutique banks. What opportunities exist in corporate M&A? The bank may turn you down but you could land a job in the corporate finance department of its biggest client.

Next, consider jobs that will help you move up as the economy picks up and the demand for M&A staff grows. Is there a summer research assistant job open in the equity research department? Analysts were the first to be cut during the downturn but the big and boutique banks alike are all staffing up on analysts. The corporate finance department is a good place to be if you have M&A ambitions, and they always need accounting staff. Cut your teeth helping crunch numbers on equity and bond financings, acquisitions and divestitures. In the secondary market, consider slicing up tranches and selling securities. You will gain important knowledge of securities valuations and risk profiles of investors in the secondary market, which will be an asset when structuring and valuing corporate financings.

Aiming your job search higher may appear more challenging. The upper echelons can provide unsurpassed opportunities if you are realistic. Consider more junior positions working alongside more senior players. You can gain invaluable experience and contacts – and a little clout – working as an assistant to a managing director of mergers and acquisitions. Wall Street was built by modest bankers who worked their way up from the mailroom.

Conducting a 360-degree job search is an opportunity to become master of your universe. When you do land the junior M&A banking interview, you will have a repository of knowledge and contacts from informational interviews at all levels of the investment bank and its corporate clients.

Neil Venters is a finance professional with M&A and hedge fund experience. Neil is currently focused on providing freelance consulting services as well as Wall Street career advice.

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Medical Administrative Assistant Jobs: How to Become a Medical Administrative Assistant

As one of the fastest growing career fields in the United States, there are a lot of people that want to know how they can become a Medical Administrative Assistant today. Jobs are not at a surplus these days, but the demand for help is there if you know where to look and looking for jobs as a Medical Administrative Assistant is a great place to start.

As is the case with many career paths and fields there are several different ways that you can become a medical administrative assistant depending on the path you personally want to take. The following three options are good for deciding what you want your path to be, but more may exist beyond these options.

1. Vocational or Technical Institute: Most local vocational institutions or technical institutions will offer a program that teaches you how to become a medical administrative assistant. Unlike a college program in a certain degree, vocational institutions stick to the specifics in terms of what you will and will not need to know for your specific goals. This is a great option as you are bound to have opportunities in your area to get in to one of these programs and learn this great skill.

2. Job Seeker Websites: Large online websites that have to do with listing open jobs for people will often have job opportunities listed in the field of medical administrative assisting. When they have the job listed they will often show you what you have to do to be certified to apply for the job you are interested in. This listing will show you alternate ways to go about getting certified as a medical administrative assistant. What you must realize is that not all of these options will be cost-free to you so make sure your finances are right for a career change.

3. Temporary Employers: Many companies survive financially by employing a small workforce and relying on agencies to supply them with temporary employees when necessary. Many medical offices will work this way and there are large agencies that supply these offices with the employees they need who are already trained to handle the work. These agencies that provide the temporary employees will often have large training departments that do nothing but train people in how to do the job. Many medical administrative assistants start their fulfilling careers by doing this.

Again, these are not the only ways to become a medical administrative assistant or to be certified as one, but they are the most popular and most likely to succeed.

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