Excerpted from the Switzerland Career Guide
Switzerland has long been known as the banker of Europe. In addition to the country’s politics of neutrality, Switzerland served as the discreet private (and secret) banker for the world’s wealthiest individuals and institutions. This position came to a grinding halt when the global financial crisis shone a spotlight on Switzerland's secret finances. Several countries, including the US, charged Swiss private banks with abetting tax evasion and demanded information from the Swiss vaults. As a result, the large Swiss banks UBS and Credit Suisse posted massive losses and layoffs across the board. It has been a difficult few years, but Switzerland’s financial industry is coming back to its fighting strength. The good news is the Swiss financial sector is regaining its footing.
Certification and Education Requirements
The official Swiss qualifications for accountants and financial controllers are called Fachausweis Buchhalter, Fachausweis Controller and Diplomierter Buchalter/Controller (Diploma Accountant/Controller). These qualifications are supported and recognized by the Ministry for Professional Education and Technology. Swiss employers require one of the above-mentioned qualifications for managerial positions in accounting, finance or controlling when the candidate does not possess a higher-education degree in finance, economics or business administration.
A designation of Certified Public Accountant (CPA), Certified Management Accountant (CMA) and/or Certified Internal Auditor (CIA) will open doors to a wide range of opportunities in international companies.
Organizations and Trade Associations
ACI Suisse Financial Markets Association
ACI Suisse is a leading association representing the educational and professional interests of the Swiss financial markets. Membership includes financial market professionals who work in the foreign exchange, money market, capital market and derivative sectors of the Swiss marketplace. ACI Suisse is the Swiss chapter of ACI International, based in Paris. Founded in 1955, ACIFMA is now the largest international association of wholesale, financial market participants representing more than 13,000 individuals from more than 60 countries.
ACI Suisse - The Financial Markets Association
c/o UBS AG
Tel: +41 (0) 44 239 67 00
Fax: +41 (0) 44 239 67 16
Finanz und Wirtschaft
Finance and Economy
Finanz und Wirtschaft is the biggest biweekly financial newspaper in Switzerland. The areas covered include analyses of the Swiss and international financial markets, tax issues, portfolio theories, industry overviews and overall economic trends.
Verlag Finanz und Wirtschaft AG
Tel: +41 (0) 44 298 35 35
Fax: +41 (0) 44 298 35 17
This is just a short sample of what you’ll find in over 100 pages of information in the complete Switzerland Guide.