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CFO, CIO, CMO and COO. These are not typos, but abbreviations for job titles on corporate floors. From Finance Manager to Chief Operating Officer. Many employees, especially in large companies, rarely communicate with their superiors at the top of the company, and they still want to know one thing: How much does my boss actually make?
Personnel consultant Michael Page’s 2024 salary outlook and hiring trends provide insight on this matter. Unsurprisingly, jobs in the financial services sector are performing very well. Three of the five highest-paid professions in Switzerland come from this sector.
| Job title | Minimum (CHF) | Average (CHF) | Maximum (CHF) |
| Head of Private Banking | 250,000 | 320,000 | 500,000 |
| Chief Financial Officer (in multinational companies) | 280,000 | 360,000 | 450,000 |
| Investment Director (in financial services industry) | 220,000 | 320,000 | 450,000 |
| Human Resources Director (in multinational companies) | 240,000 | 300,000 | 400,000 |
| Trade Manager (Commodity) | 200,000 | 300,000 | 400,000 |
IT bosses’ salaries are not increasing
The research, based on more than 20,000 job interviews, also examines salary increases. Job categories that saw the biggest increases over the last twelve months include digital sales and marketing (+10 percent) and IT (+6 percent).
Particularly exciting: The tech industry is seeing pay increases at every level except management. It’s a development that doesn’t happen every day. The most in-demand IT professions are infrastructure engineers, business analysts and developers.
Those who do more earn more
So how can these salary increases be explained? Page Group Switzerland Managing Director Yannick Coulange says: “Wage increases are performance-oriented. This is a direct result of the current economic environment where ambitious growth targets are more difficult to achieve.
This makes discussions about wage increases more important than ever, as the study shows.
Nine out of ten people who started a business last year are already open to new opportunities. You’re ready to leave your new found job for a new one. However, employers may object to this. Proactive salary discussions aim to prevent salary expectations from diverging from professional development expectations. But still the hunger for more pay is rarely fully satisfied.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
