The Michael Page Swiss Job Index recorded a decrease in advertised jobs of 1.5% between June and July 2017. Across Switzerland the year-to-date growth in advertised jobs was +10.7%.

The index also showed that demand for investment and private bankers, IT and insurance specialists reached a new high for 2017 as year-to-date (January – July 2017) growth in advertisements for such jobs was as high as 30%.

“Financial institutions are looking for top revenue drivers and operational efficiency specialists,” Nicolai Mikkelsen, Director, Michael Page, said. “We’re seeing strong demand for investment bankers with a successful track record of winning profitable business and private bankers with strong client portfolios.”

“On the operational side there is a continued strong demand for IT specialists with both banking and specific systems skills,” Mikkelsen said. “The demand has further accelerated for such candidates thanks to major regulatory programs such as Foreign Account Tax Compliance Act.

Among the regions, the Canton of Zurich showed the highest growth rate between June and July (+2.3%) with Lake Geneva showing the greatest decline (-17.3%).

The Michael Page Swiss Job Index lists the number of jobs advertised on the websites of companies based in Switzerland.  The index covers the main market trends in recruitment in enterprises, regional characteristics, segmentation specific sectors and professions.