IB from Aus impossible?
Hey guys,
I am a second year at a target in Aus with good wam (deans list) and good extracurriculars. I have read a couple articles on this forum but it seems to be mostly from those applying to targets in US. My end goal is to end up in Ib in NYC but it seems impossible to do so. Is my best bet to do something like an ms in financial engineering there, even with that would it be really difficult due to Visa issues and stuff. Anyone in this forum actually made it? I have also thought about working over here for a couple years but the scene is not the best plus it would hinder my exit options compared to working earlier on in a US. What would you guys do?
thanks
If you hold Australian citizenship you may qualify for the E3 visa. But that is only a part of the solution, you'd still need to find a job.
You are allowed to visit, interview and even attend training courses on your visa waiver (tourist), you just can't work or get paid. The VWP allows for a leisure visit of up to 90 days.
You could...
- inform yourself about employers who are hiring (not that many atm)
- educate yourself about the E3 visa program
- get in touch with officials from either nation to get details and each process step/requirements
- get ready to educate US employers about this, as I don't think many people have ever heard of it
thanks for the reply. would you happen to know how difficult it is to get hired from e3 (like im assuming with all the paper work and such they probably won't want to hire an aussie)
I don't know the level of difficulty, but I do know three professionals from Oz who are in the US right now. All on E3 (they are not in finance/banking though).
Given that any other visa route is near impossible, I would say E3 might be a good option.
There aren't really that many options - either study in the US, marry a USC, get sponsored by family members, internal transfer through your existing company, or make a large investment and get the visa/GC with that.
Even if you study in the US or do any of the other visa avenues; at the end of the day the E3 visa might still be the better choice.
- H1b has very low odds now, investing that much money in a degree from the US doesn't seem that logical
- DV lottery is impossible to win, very few will make it (again, makes no sense if you have E3)
- Dating/marriage is an option if you are in the right group, but may take time/effort/money and again, E3 is easier than that
- If you have no direct family members in the US already, nobody can sponsor you
- The investments green card needs 1.8M $US (or 900K in an economically deprived area)
- ..
Inform yourself about the E3 visa, it really is a valid option and ask around whether someone would interview via teams first. Or, even better, ask Australian firms as well. There is no huge advantage in doing that, but maybe they will understand the process better.
I think most of this will be an educational process for the firm as well, I don't think there are that many Australians who use this visa. But I could be wrong, among my global travel Australia is the only place I haven't been to yet!
Any other questions - feel free to PM me.
Why not work at an Australian branch of an American BB like JP or Goldman then apply for a transfer around the 2-3 year mark?
This is how 99% of Aussies in London, NY etc have made the move
The odds of getting a graduate role out of UMelb or whatever to NYC are very very very low…. Focus on trying to get a job in Aus (not easy) and then make the move after 2y as analyst. Only real way you’ll be able to do this.
Also : not trying to be critical seeing you’re 19, but you haven’t offered any compelling reasons as to why NY > Sydney. Lifestyle here is much better, pay is great, same job. Working at a bank here in summer is probably the best IB gig in the world lol.
I want to work at a HF later down the line or go to PE. While I do agree that it may seem great, to me NY has always been the dream city.
Exit options are probably the biggest player here though.
Would you happen to know what banks is the most common among Aussies?
Cheers
Thats my current plan, was just wondering if there was any other reasonable options (like maybe H1b or E3) but it seems this is the only logical solution.
There are tons of Australians in NYC finance. If you start in the Syd or Melbourne office of a US BB or global Australian banks like Macquarie or asset managers like IFM or QIC, it doesn’t seem too hard to transfer over after a few years as that’s how they all seem to do it.
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