The latest reports show that, based on their Gross Domestic Product (GDP), Switzerland is one of the top three wealthiest countries in the world. Although it took quite a hit from the pandemic, the Swiss economy is still booming as the government forecasts a 4% growth in 2021 and 2022. Swiss business culture is distinguished by its correctness, punctuality, and thorough planning. So, it’s safe to say that they know what they’re doing when it comes to the economy and business.
The skills you acquire while pursuing a business degree can be applied to various industries and in-demand jobs. So, studying business is a great idea on its own, but doing so in Switzerland is even better. From its universities to employment rates and networking opportunities, read all about why you should study business in Switzerland.
It Has Some of the Best Business Schools in Europe
Based on reputation, student satisfaction, teaching quality, and research quality, Switzerland has some of the top schools for business and economics across Europe with excellent programs that will help pave your road to success. EU Business School, a high-quality, private business school, is one of them. It offers bachelor’s, master’s, MBA, executive BBA, DBA, and seasonal short course programs, on numerous campuses located in Geneva, Montreux, Munich, Barcelona, and online.
EU directly prepares students for the always-evolving business world, as the numbers show that 93% of their graduates accept a job offer within the first six months of graduation. EU Business School has students representing over 100 nationalities, providing a multicultural setting where you’ll fit right in.
Affordable Tuition Fees
Switzerland is one of the most expensive countries. However, when it comes to university, tuition fees are quite affordable. The average cost of tuition and fees worldwide is estimated to be around $41,411 for private colleges and $26.809 for international students in public colleges. In comparison, schools in Switzerland have some of the cheapest higher education institution prices. Even top-rated schools with high-quality programs offer tuition fees below the average amount.
It Is a Financial and Commercial Hub
Switzerland, with its four main financial centers—Zurich, Geneva, Lugano, and Basel—remains significant to international economics. As one of the primary global banking centers, Switzerland hosts 243 banking institutions, including both private and universal banks. Swiss banks are highly attractive to international clients. Half of the GBP assets currently managed in Swiss banks come from overseas. This way, Switzerland holds a 25% market share in global cross-border assets.
A Leading Global Economy
Switzerland’s population is estimated to be 8.7 million people. This number is equivalent to 0.11% of the total world population. Yet, when it comes to economic impact, Switzerland is one of the world’s leading financial hubs, employing about 5% of the total workforce and being responsible for 9% of the overall economic output. The Swiss economy is focused on financial services, manufacturing, pharmaceutics, and electronics, among other fields.
Low Unemployment Rates
Switzerland is known for its low unemployment rates. Current data show that the rate stands at 2.8%. Due to its service sectors, tourism, manufacturing, and so on, combined with a relatively small population, there are plenty of jobs available for anyone who’s ready to commit to a career.
As a student, if you wish to improve your current financial state or even guarantee yourself a bright future financially, you can easily find a job here.
Great Networking Opportunities
Switzerland, as a financial hub, offers many opportunities for professional networking. Swiss business programs offer multiple opportunities for their students to have hands-on business experience. With that being said, pursuing an internship in a Swiss enterprise can help you meet the right people, who can have a heavy influence on your future. You can also network at different events organized in such institutions and by interacting with the community.
English—the Business Language—Is Widely Spoken
Seeing how English is one of the most popular languages worldwide, it’s only natural that it is also one of the most used languages in business settings. So, it should be no surprise that many people in international, business-focused Switzerland speak English. As an international student, you shouldn’t have any problems communicating with most people at university, in the workplace, or even on the street.
Switzerland is more than just chocolate, cheese, and pretty views. If you study business in Switzerland, you will benefit greatly. Remember that if you want to be the best, you have to learn from the best. The Swiss clearly know what they’re doing—and in a few years, so will you!