24-year-old Vanessa works for a renowned insurance company in Zurich. In the corporate organization department, she is responsible for monitoring the status of projects and processes in the area of household insurance. Her exceptionally efficient organizational talent, her understanding of internal company relationships and her analytical thinking skills support Vanessa in her day-to-day work. She maintains good contact with the teams and employees in the household insurance area, makes their progress in the area of company organization transparent and provides them with support and advice as required. Vanessa would like to develop into a specialist in the field of structure, project and process management through continuing education, further training as a business organization specialist. She wants to acquire additional methods and techniques and serve as a competent contact person between insurance departments and IT specialists. She can apply the knowledge she has acquired in quality management and business administration in interdisciplinary teams. After obtaining her federal certificate as a specialist in business organization, Vanessa would like to take on a responsible position in a specialist area of business organization. With this title, which is recognized in the business world, she has good chances on the job market, higher earning options and numerous opportunities for further development.

Financial benefits of continuing education, further training as a business organization specialist

As a specialist in business organization, Vanessa will receive CHF 1,508 more per month than before and will therefore have at least CHF 716,880 more at her disposal by the time she retires than if she had not done any continuing education, further training.

As this theoretical calculation does not take into account any further salary increases, promotions or interest on savings, the salary can still increase significantly.

Calculation in detail

Continuing education, further training FPE real estate manager:

• 12 months part-time
• School fees, documents: CHF 8,920 minus CHF 4,460 federal contribution = CHF 4,460
• Examination fee: CHF 2,500
• Total training costs: CHF 6'960

Wage difference and yield calculation:

• Difference in salary between the position as a Federal VET Diploma clerk and the position as a business organization specialist: CHF 6,332 - CHF 4,824 = CHF 1,508 per month and CHF 18,096 per year (12 x CHF 1,508 = CHF 18,096)
• She recoups the total training costs of CHF 6,960 in just over 4 months with her higher salary as a business organization specialist (CHF 6,960 / CHF 1,508 per month = 4.6 months)
• In the remaining 40 years until their retirement (25 to 65), this additional income will add up to CHF 723,840 (40 x CHF 18,096 = CHF 723,840)
• If the training costs are deducted from this additional income, an additional sum of around CHF 716,880 remains at her disposal(CHF 723'840 - CHF 6'960 = CHF 716'880)

Sources:

• The training costs correspond to an average of the courses offered in German-speaking Switzerland.
• Wages were calculated in the federal wage calculator www.salarium.ch with the following settings:
• Calculations with KV conclusionbefore the Federal Professional Examination:
  • Region: Zurich
  • Sector: 65 Insurance companies, pension funds
  • Occupational group: 41 General office and secretarial staff
  • Position in the company: Level 5 without management function
  • Hours per week: 42 hours
  • Education: Completed vocational training
  • Age: 24 years
  • Years of service: not specified
  • Company size: 50 and more employees
  • 12/13 monthly salary: 13 monthly salary (converted pro rata to 12 salaries)
  • Special payments: no
  • Monthly / hourly wage: Monthly wage
  • Result:Central value (median) ofCHF 4'824
• Calculationsafter the Federal Professional Examination "Specialist in Business Organization":
  • Region: Zurich
  • Sector: 65 Insurance companies, pension funds
  • Occupational group: 41 General office and secretarial staff
  • Position in the company: Level 3+4 Lower management
  • Hours per week: 42 hours
  • Education: Higher vocational training, College of Higher Education
  • Age: 25 years
  • Years of service: not specified
  • Company size: 50 and more employees
  • 12/13 monthly salary: 13 monthly salary (converted pro rata to 12 salaries)
  • Special payments: no
  • Monthly / hourly wage: Monthly wage
  • Result:Central value (median) ofCHF 6'332

(All figures as at November 2022)

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