How Mike Baur left a well-paying banking career to follow his passion

Mike Baur is an accomplished entrepreneur who was born and brought up in Switzerland. He spent his early years in Freiburg region where he attended school. He was fortunate to get admission at the prestigious Bern and Rochester University where he earned his business degrees. To top it, he was even luckier to launch a banking career while he was only sixteen years. In 1991, Mike Baur joined the Union Bank of Switzerland as a trainee.


Mike was good in numbers and showed excellent leadership skills. Within no time, the hiring manager realized that the young man had massive potential in him. He took the initiative of mentoring the young Mike Baur by encouraging him and listing down all the promotions that Mike would likely receive before he retired. Things did not, however, work as they had planned as Mike Baur left UBS and began working for other companies.


Mike Baur’s role as a banker

The apprenticeship program at UBS offered a great opportunity for Mike Baur to learn the nitty-gritty of the banking industry. He worked in the company throughout the 1990’s where he was promoted to a consultant before he clocked 30 years. Mike Baur was tasked with the role of offering financial advice to various Swiss investors. During his career, Mike Baur has worked with some of the wealthiest investors in Switzerland.


Mike Baur’s move from UBS

Mike Baur achieved a lot of success when he was working for the UBS. He was elevated to various leadership positions where he has left a legacy. However, despite his massive success at UBS, Mike decided to leave the organization and began working for Clariden Leu. His main was to move to an environment that was more challenging and with better opportunities for his career growth. Mike held a high ranking position at the institution for close to six years.


Mike Baur’s unexpected move in 2014

Although Mike benefited from generous compensation from Clariden Leu, the renowned entrepreneur decided to shift gears in 2014. Mike Baur quit his career at Clariden Leu to establish Swiss Startup Factory. Mike realized that the post-recession banking environment was no longer appealing to him. During his career as an advisor, Mike also realized that a lot of startups in Switzerland failed to pick up because they were faced with a string of challenges.


In 2014, Mike Baur wanted to concentrate on a new passion that he had discovered while working in the banking industry. He wanted to devote his time and resources to help tech entrepreneurs to build their businesses. This is where the idea of starting an incubator program came from.