Swiss finance sector: ‘Hiring freezes are history’

UBS bank branch Zurich

by Malcolm Curtis|The Local Switzerland|October 7, 2013

After a two-year period of retrenchment, Swiss banks, finance and insurance companies are hiring again, according to the latest quarterly job vacancy figures.

The number of positions to be filled in these sectors reached 3,590 at the end of September, the highest level since June 2011, according to an index published online by, a German-language financial news site.

Despite concerns over attacks on Swiss banking secrecy and the impact of the international fight against tax evasion, the volume of vacancies is up 7.6 percent from the same period a year earlier.

In the banking sector alone, the number of vacancies rose to 1,227 jobs, up 20.9 percent from January 2013, Finews reported.

Other financial companies (including accounting, IT and consulting) saw a 17.8 percent jump in vacant positions, the website reported, citing figures from the internet portal

Positions advertised for insurance companies increased 11.4 percent to 1,180.

Among the biggest insurers, Zurich Insurance advertised 110 vacancies in September, up 30 from three months earlier.

“Hiring freezes are history,” Finews said.

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About Malcolm Curtis

Freelance English-language communications professional (writing, editing, translations) based near Geneva, Switzerland. Let me know if I can help you.
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