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GermanInsights from our 2023 talent research in Switzlerland
- Students desire higher salaries and greater flexibility but are less inclined towards competitive and challenging work environments.- The gender wage gap persists, with significant differences in salaries between male and female. Hard factors such as salary and benefits alone cannot win the hearts of students on campus.
Universum officially released the 2023 results of their annual Talent Survey, in which 10,870 Swiss university students shared their career preferences and perception of their ideal employers of choice, defining the Most Attractive Employers in the country. Representing 6,3% of the total student population, the sample establishes Universum as the largest talent survey provider in Switzerland.
The survey, which was conducted just before the acquisition of Credit Suisse by UBS, revealed that banks are gaining position in the Business rankings (except for Credit Suisse) with the banking industry remaining a popular career start for business students in finance and accounting. Therefore, Generation Z prioritizes financial attributes with “Base salary” and “High future earning” ranking in the top 10 out of 40 attributes. This is especially true for management consulting firms and American banks.
The Big 4 and luxury brands remain stable, with the watchmaking sector growing in attractiveness after a strong year (2022) in regards to their business performance. The Swiss National Bank (SNB) is also gaining votes from other banks and even Google, being in the spotlight of the media for its damage control of the inflation.
Microsoft remains a stable number two in the IT rankings, likely helped by the ChatGPT buzz. Despite a global layoff announcement that has impacted its perception in key areas like “Embracing new technologies” and “Friendly work environment“, Google continues to hold the top spot. These attributes are highly valued by IT talent and could give competitors a chance to catch up.
The survey also found that Die Mobiliar is one of the highest climbers in the rankings and the only insurance company to do so. Swisscom has also made a strong climb in its core group, with the top ranks highly disputed. In addition, Swissquote, PostFinance, ZKB, Die Mobiliar, and Accenture have climbed to the top in the IT population.
Novartis and Roche are in the top 15 most attractive employers for IT students, while Bundesverwaltung ranks 13 for IT, its best rank in five years.
Despite McKinsey remaining the most attractive employer within the consultancy industry for engineering, the company dropped 10 positions in the engineering rankings. At the same time, there is an increase in the popularity of German multinationals Bosch and Siemens against the Swiss Champion ABB, who loses its place on the podium.
Moreover, the impact of the war in Ukraine is reflected in the rankings, with “Rheinmetall Air Defense” climbing 13 ranks. However, RUAG has failed to attract more young talent despite this trend, which could be partially explained by the fact the company span off to become RUAG and Beyond Gravity.
Flexible work is one of the most demanded attributes among IT students, and it has become a decisive factor in perception. The survey shows that the top 3 most perceived employers meet this requirement.
Novartis, the Swiss multinational pharmaceutical company, has regained its number one position among natural science students. Despite undergoing heavy restructuring in recent years, Novartis has managed to win over the hearts of young talent on campus. The survey also revealed that Sensirion and Givaudan have made significant gains in their rankings, climbing more than 30 positions within the field of study.
The pharma and chemical industries are still the top choices for natural science students. However, consulting, FMCG, and the Bundesverwaltung are emerging as interesting alternatives, challenging the dominance of the Swiss champions in the field.
