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Changing career? Why Switzerland should be your next Pharma destination

Posted on: 30 Jul
At first glance, the tiny nation state of Switzerland might not be the obvious place to secure your next job in Pharmaceuticals. However, once you know where to look, the potential is huge and the opportunities are ripe for the picking. Nestled between five different countries, and boasting a population of roughly 8.5 million- who speak four national languages between them- Switzerland has become a haven for big businesses looking to take advantage of the excellent tax rates and regulations that make it one of the best places in the world to do business.

That includes Pharmaceuticals. Switzerland’s favourable economic climate, position in the centre of Europe, and reputation for stability makes for a dynamic and interesting market that is growing year on year. For people thinking of making the leap and getting stuck into a career in Europe, there are many reasons why you should be doing so.

Here are some of them.

The quality of life 

It’s no secret that Switzerland has a great quality of life, ranking very highly compared to most other countries in the OECD Better Life Index. With health status, jobs and earning, work-life balance and environmental quality all ranking very highly in the index, it’s no wonder professionals are moving there, especially as the unemployment rate currently stands at an extremely low 2.4%, well below the EU average. 

That’s not all: Switzerland also boasts an excellent infrastructure, and many cultural benefits that draw people in from all corners of the Pharmaceutical industry. With multiple business languages to suit everybody, excellent transport links to the rest of Europe, cultural hubs in the form of Bern and cities like Lucerne, and the beautiful landscape to enjoy, moving to Switzerland is as much a lifestyle change as a job change. 

Get promoted 

Though Switzerland’s Pharmaceuticals market is growing rapidly, there remains a shortage of skilled professionals in the country, meaning companies are struggling to fill every vacancy. As a result, not only is the job pool smaller, but both small and large companies are pushing to recruit talent from abroad to fill the gap and make their mark in the industry.

This has two benefits. Firstly, it means that you’re much more likely to get promoted than you would be in the more populated markets of the UK or the USA, and secondly, the high demand for talented employees- combined with Switzerland’s reputation for offering some of the highest salaries in the world- means that you’ll likely earn much more than you would for another job. If you’re a competitive young professional looking to make your mark, then there’s no better place to start.

Spread your wings

With well-trained professionals, excellent infrastructure and a sophisticated test and sales market, it’s no wonder that Switzerland is the most important stock exchange for Life Sciences companies in Europe. Since Switzerland isn’t a member of the EU, it also has its own drug regulatory authority, Swissmedic, which works closely with the EU to ensure that drugs produced meet the required standards- and also makes for a very dynamic industry.

Indeed, Switzerland’s strong economy is a great draw for people wanting to make their mark in the industry: though it’s relatively small, Pharmaceuticals account for 5.7% of gross domestic product, and 30% of all Switzerland’s exports. This, combined with Switzerland’s strong tradition of innovation within the sector, means that if you’re looking for a good place to pick up a variety of skills quickly- as well as a good grounding in your sector of choice- then look no further.

Work with big brands

With such favourable business conditions, and strong links to the rest of Europe, Switzerland has long proven an attractive candidate to many international Pharma companies, some of them the biggest in the world, such as Novartis, Pfizer, Merck and Celgene, who all have global or regional headquarters within the country. As a result, it’s also remarkably diverse, and the perfect place to start looking if you want to find experience in a multitude of therapies and markets. 

Make the change with IQVIA

Whether you’re starting out in the Pharmaceutical industry or looking to take your next career step, Switzerland is the perfect place to be. Why hesitate? Make the leap today: browse our vacancies from across Switzerland, or indulge your curious side and see why you should work in one of our other European sites, Belgium.

Sources

http://www.worldometers.info/world-population/switzerland-population/
http://www.oecdbetterlifeindex.org/countries/switzerland/ 
https://tradingeconomics.com/switzerland/unemployment-rate
https://www.expatica.com/ch/employment/minimum-wage-switzerland-average-salary-in-switzerland_995110.html
https://www.s-ge.com/en/publication/fact-sheet/switzerland-pharma-hub 
https://www.interpharma.ch/sites/default/files/polynomics-2011_bedeutung-der-pharmaindustrie-fuer-die-schweiz_e.pdf