But anyways, the thread went a bit off topic, I used the wrong term in my title, now I know it's working student and not intern, but what are the hourly wages I can expect in this job?
Well, I believe I have good chances. I know, but with 15h/week that's only 2-3 days where I have to travel, and I assume since covid the home office possibilities are also better.
Say about 24 CHF/hour gross.
Again... i'm not looking for retail jobs.
Again, you may not have a choice and an office job for a 15/hrs week with no work experience will pay similar.
I will have almost 2 years of relevant work experience from part time work by the time I move to Switzerland (risk management, controlling/BI).
My plan B is a loan from either family or banks, depending on who offers a lower interest. Or if the bank offers any at all. I can spend my time better on relevant projects over working in retail or admin positions. (Not looking down on them, I'm just simply not interested in that kind of work at all.)
I’m confused. I thought that foreign students had to show that they had a minimum amount to live on in their bank account to get a permit?
OP you are really not coming across well. You need to get a better understanding of how the Swiss economy values workers in different roles. You may think that working in Lidl is beneath you or a waste of your talent, but on an FTE basis it pays more than an internship at a bank. Working as a staff on call will earn a bit more and these roles are expressly aimed at students. I’d strongly suggest reading some job specs before deciding you are too good for them.
Regarding working from home... as a new and unproven and untrained member of staff I know that my wider team are not keen on home working at least at the beginning. I believe this view to be common and wouldn’t expect working from home to be the norm.
All that eyebebee said. I very much doubt any bank will give you a loan.
As a student, I would think you need about 2000 CHF a month (1000 rent, 300 health insurance, 200 food, rest for books/entertainment etc) Rough estimate, could be less in St Gallen.
Companies do not often have the kind of job you are looking for (in fact want to say I have not seen it at all but there may be some out there). Multiple reasons also due to education system here where such jobs are reserved for training apprentices.
So if you are in real need to make money to study, a retail job is the answer. Many have told you this on this thread and starting off working life with a debt would not be ideal if you can avoid it.
In a large multinational I work for (based in Zurich), you could get from CHF 2,000 to CHF 3,700 (hourly wage from CHF 13.30 to 24.60) largely depending on the semester you are currently on.
We regualrly hire students in their last year of their studies to work part time (1-2 days a week), or those who finished studying but are still writing their thesis.
We don't call them interns - but working students. Interns for us are 80%-100%, for 3-6 months (usually as part of an apprenticeship)
Different field though I'm afraid...
eyebebee mentioned the bank deposit but did not provide further details.
Well, I may have old info but I think you need to show a bank account with 11'000 CHF to apply for an student permit for 1 year. The account needs to be in a Swiss bank. Either a local branch here in CH, or a Swiss bank with branches around the world. Ask the university, the must have the most recent info on this subject.
Being from EU matters because you can start working right away 15 hours per week maximum. More hours per week is only allowed during vacations. Students from 3rd countries can only work at the university. Check this info from ETH, should not be that different for other universities https://ethz.ch/en/studies/internati...mployment.html
The motivation behind the max 15 hours of work per week is to avoid wasting university resources. The university system judges that university is a near full-time job. If you have a near-full time job along the university it's quite probably you're not working enough on the studies, therefore wasting Swiss taxpayer's money.
Thank you for the information. You pay a tuition fee tho, so how are you wasting taxpayer's money? Foreign students pay even more than Swiss students.
First of all, University of St. Gallen is a public university (as are most/if not all "University of _Some Canton name_ ").
Second of all, even if you didn't know that (weird, since you applied to it...) do you honestly believe that it costs 3k CHF/semeter to study at a Swiss uni full time and that it would cover funding costs? Or that 730 CHF/semester is how much it costs to provide a degree from ETH Zurich?
You say you have 2 years of relevant finance experience. How much do you think it costs to run a university here? To attract professors, lecturers, researchers, postdocs, admin staff... and pay them well enough so they don't leave?
In a country where pizza costs 20-25 CHF, a handyman costs 70 CHF/hour and any moderately skilled professional labor costs 100+ CHF/hour. Now imagine how much Swiss-based professors are paid.
Heck, just compare the tuition here with what your Hungarian universities charge - 3000 EUR/semester or 3200EUR/semester . The latter is over 4x more expensive than ETHZ and about the same as St. Gallen. Now tell me with a straight face that the Swiss taxpayers are not involved.
If you want to know how much it costs to study w/o taxpayer money in Switzerland, you can have a look here . The fee numbers for most unis on that list are order(s) of magnitude higher than what you see in St. Gallen or ETHZ. I very much doubt that these hotel/business schools have 10x-100x better professors than ETHZ.
I understand that 3000~ a semester might seem little to upkeep a public university in Switzerland, but it's not like one student pays a professors wages and everything. Let's say an average class is 30 students, that's already 90000/semester for one class, that can cover the wage of a teacher and there is some remaining.
Now sure the rest will probably not cover the building upkeep, research allocations and administrator staffs wages, but I believe the university also gets donations. So if they do get money from the taxpayers, I think it's not that big of their total income.
I hope you never get asked a market sizing or brain-teaser type question at an interview, because your analysis here is ridiculous.
30 students - All foreign? Only having one class per semester? Donations cover most of the remaining costs?
How about the first link when you google „how are Swiss universities funded“?
https://www.mastersportal.com/articl...itzerland.html
„ Public Swiss universities receive significant funding from the government. That’s why tuition fees are more affordable when compared to fees charged by universities from the UK or the US.“
Some time ago I got numbers from University of Padova, Italy, which is one of the best in the country and has 70k students.
The total cost of the Uni divided by the number of students was more or less 8000 EUR/year, while tuition was a bit lower than 2000 EUR/year for courses with technical facilities. The rest was covered essentially by the State.
A rough adjustments to Swiss cost of living would be multiplying by a factor of 3 (just my experience of "average" salaries). I expect the costs of running the institution will be actually higher at ETH given the amount and level of infrastructure present, and I am actually surprised to see such low fees:
https://ethz.ch/content/dam/ethz/mai...-of-living.pdf
So... Uni education in CH is basically offered by the taxpayers, even compared to states with a strong tradition of public education.
Well, time to stop thinking and start searching for the data to understand how things work.