Excerpted from the Germany Career Guide
Most major German and international banks have their head offices in Frankfurt, thus its nickname ‘Main-hatten.’ Munich and Dusseldorf are also major financial services hubs. In Frankfurt, which offers the most opportunity to jobseekers in this sector, the financial services industry is made up not only of banks and other financial services providers, but also law firms, marketing agencies, data providers and other business providers.
Things are not looking great for Germany's financial sector. An Ernst & Young survey of 500 European banks, including 50 in Germany, reports nearly a quarter of German banks intend to make stuff cuts this year. According to the report, German banks have a pessimistic view of the financial market due to the continued sovereign debt crisis and slowing domestic growth. Only 12 percent of all surveyed banks expect an increase in employment.
Organizations and Trade Associations
Deutscher Bankangestellten-Verband (DBV)
German Bank Employees Association
The DBV is a large union for employees in the banking sector in Germany. It has more than 20,000 members. It promotes a generally cooperative approach toward employers in questions concerning pay and working conditions, with the argument that this is the best way to guarantee continued employment in the banking sector in Germany and avoid the transfer of jobs outside of the country.
Deutscher Bankangestellten-Verband DBV
Tel: +49 (0)211 36 94 558
Fax: +49 (0)211 36 96 79
Ver.di – Vereinte Dienstleistungsgewerkschaft
http://www.verdi.de/ (German, some pages in English, French, Spanish, Polish, Czech and Russian)
Ver.di, the United Trade Union for Service Workers, is the world’s largest trade union with more than three million members in more than 1,000 professions. In 2001, five German trade unions—the OETV (Oeffentlicher Dienst, Transport und Verkehr) for the public and transport sector, the HBV (Handel, Banken und Versicherungen) for the commercial, bank and insurance sector, the DPG (Deutsche Post-Gewerkschaft) for the postal sector, the IG Medien (Industriegewerkschaft Medien) for the media sector and the DAG (Deutsche Angestellten-Gewerkschaft) for white-collar workers—merged to form Ver.di.
Vereinte Dienstleistungsgewerkschaft Ver.di
Paula-Thiede- Ufer 10
Tel: +49 (0)30 6956 0
Fax: +49 (0)30 6956 3141
Die Sparkassen Zeitung
The Savings Bank Newspaper
Die Sparkassen-Zeitung is published by DSGV (Deutscher Sparkassen- und Giroverband) on a weekly basis and covers financial market topics from the state savings banks’ perspective. The online version contains good general job market information, including a separate classified section for apprenticeships, and job descriptions for all apprenticeship programs covered by the Sparkasse sector.
Deutscher Sparkassen Verlag GmbH
Am Wallgraben 115
Tel: +49 (0)711 782 0
Fax: +49 (0)711 782 16 35
This is just a short sample of what you’ll find in over 100 pages of information in the complete Germany Guide.