C-Suite Agenda

Switzerland’s 6 Tech Universities Boost The Economy By $14.24 billion

Switzerland’s six federal institutes of technology account for 98,000 jobs and $14.24 billion in added value to the economy, according to a report by British consulting firm BiGGAR.

In 2016, the two Federal Institutes of Technology: ETH Zurich and EPFL employs around 21,000 staff and has an annual budget of $3.75 billion.

However, the estimated gross added value to the economy, is almost 4 times as much, at $14.24 billion.

The report also claims that another 100,000 jobs in Switzerland depend on the federal technology (ETH) domain, which means that each staff position is responsible for the creation of 5 more.

The six members of the Domain of the Swiss Federal Institutes of Technology (ETH Domain) are:

Federal institutes of technology

1. ETH Zurich (the Swiss Federal Institute of Technology in Zurich)
2. EPFL (the Swiss Federal Institute of Technology in Lausanne)

Federal research institutes

3. PSI (the Paul Scherrer Institute)
4. Empa (the Swiss Federal Laboratories for Materials Science and Technology)
5. EAWAG (the Swiss Federal Institute of Aquatic Science and Technology)
6. WSL (the Swiss Federal Institute for Forest, Snow and Landscape Research)

The ETH Domain is governed by the strategic unit Board of the Swiss Federal Institutes of Technology (ETH Board). Dr Fritz Schiesser is the president of the ETH Board and the chairman of the Executive Committee since 2008.

Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine. Follow CEOWORLD magazine on Twitter and Facebook. For media queries, please contact: info@ceoworld.biz

Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

You can follow Prof. Dr. Amarendra Bhushan Dhiraj on Twitter, Facebook, and LinkedIn.