What are the disadvantages of trustee training?
Fiduciaries with a Federal Diploma of Higher Education (now known as Consulting and Fiduciary Specialists with a Federal Diploma of Higher Education) are qualified to advise their clients on matters of accounting, human resources administration, taxes, and legal issues, and to assist them with tasks such as tax returns, value-added tax (VAT) returns, or debt collection. In addition, they are responsible for bookkeeping and auditing for private and public companies. They analyze their clients’ documents to optimize their accounting and financial situations.
The main disadvantages of the fiduciary training program (now called "Fachfrau / Fachmann Beratung und Treuhand") are:
Since the trustee training program (now “Consulting and Trust Services Specialist”)typically part-time over five semestersis very time-consuming and restricts your free time.
Anyone who wants to work in the fiduciary sector needs not only specialized knowledge but also analytical skills, a solid understanding of business management, and a strong grasp of accounting. In addition, a service-oriented mindset and a strong sense of responsibility are essential.All of these skills cannot be acquired solely through training as a fiduciary (now known as a “Consulting and Fiduciary Specialist”).
The federal certificate is not recognized abroad.Anyone wishing to work abroad must therefore request official proof of this professional qualification from the State Secretariat for Education, Research, and Innovation SERI in order to prove their eligibility.
The Modulescannot be purchased individually, but rathermust be completed in an interdisciplinary manner by a specific date.TheThe pressure during the annual federal final exams is high,However, students are specifically prepared for this during their training as a fiduciary (now known as a “Consulting and Fiduciary Specialist”). This can be difficult for those who suffer from test anxiety. However, there are practice exams and progress assessments available beforehand.
As a trustee, you have to be flexible.When preparing financial statements or tax returns, you sometimes have to expect to work overtime. Self-employed professionals are often on the road to meet with clients in person.
After completing your training as a fiduciary, you can find work in accounting departments across all sectors of the economy, such as banks, fiduciary firms, industry, or public administration.
Provider of fiduciary training (new specialist in consulting and fiduciary services)
