Highest Paying Jobs in the Caribbean!?
Hello all,
I have one simple dream - to be a rich man living and working in the Caribbean. I'm looking into a lot of different professions down there (medicine, law, business, government, etc.). Here in this thread I'm hoping to learn a little bit more about the financial sector down there.
The main question I have is this - what are the highest paying finance jobs in the Caribbean!? I know that a lot of the top funds are 'listed' in the Caribbean. But most of them have all of their highly paid professionals located in the states, right? I'm not talking about that. I'm talking about actually living and working IN the Caribbean.
hedge fund jobs? private equity jobs? venture capital jobs? investment banking jobs? Management consulting jobs? Investment Management jobs? Insurance jobs?I'm guessing that the highest paid finance jobs in the Caribbean are in Private Banking/Wealth Management or Insurance; and I'm guessing that they're located in one of the three 'off-shore financial centers' in the Caribbean - Bermuda, the British Virgin Islands, or the Cayman Islands. Is that correct?
In whatever field(s) is the highest paying, it'd be great to know a little bit more about who the top firms are, and how much those in the highest paid positions there earn (relative to those in Medicine, Law, Business, Government, etc. down there). If anyone has any information to share about this, it'd be greatly, greatly appreciated. Or, even better, if anyone has any actual experience down there, it'd be great to get into contact if possible and have an informal talk or two via WSO private message, AIM, Facebook, etc.
Thank you very much in advance for any help!






I have a lot of friends from
I have a lot of friends from college that are from the Caribbean and I dated a girl whose family came almost entirely from Bermuda and St. Kitts and I had the same dream you did--make a boatload of money and enjoy great weather, relaxed atmosphere, good food, etc. Sadly, I was forced into the realization that there are very very few jobs of any worth in most of those countries. Most of the 'good' jobs go to those well connected down there and there certainly are not many. Those who can get into some of the RE/development type stuff with resorts and whatnot can do well, but that has slowed dramatically, is saturated, and requires a lot of connections. Forget any sort of 'real' finance type position because they don't really exist to a large enough extent to worry about it. The stuff of value is going to be for either people that are already experienced or simply handled by people in the US or Europe. There are exceptions, but overall this is the case. There are some decent engineering prospects in places like Trinidad and Tobago with their huge nat gas resources that are not even close to being fully exploited.
I mean really, your best bet would be to do something remotely and live in the Caribbean (be it trading, running some sort of online business, etc.) or make your money and move there. There is a reason why pretty much all of the wealthy Caribbean folks that attend target schools tend to stay in the US or Europe and work there for an extended period of time before going back home (if they ever go back home).
I would say its necessarily
I would say its necessarily high paying, but I know at least EY has an office in Bermuda
If I had asked people what they wanted, they would have said faster horses - Henry Ford
drug mule
drug mule
Where I unload on Twits and take verbal S***s
Many HF/MF has offices in
Many HF/MF has offices in Cayman Islands
An associate of mine was
An associate of mine was working for a hedge fund down there out of school. He came back after two years. Apparently the dream isn't everything it's cracked up to be.
I had the same hope too. I
I had the same hope too. I noticed that UBS (or maybe someone else) had an office down there, Nassau I believe, for PWM. Kind of makes sense to have PWM offices down there given all the rich people who probably either live or spend lots of time on the beaches there. Definitely worth looking into. I would guess there isn't much else though.
josabankhard- why didnt your friend like it? A hedge fund in the Carribean sounds awesome to me.
Is this blue or whatever with
Is this blue or whatever with a new screen name?
A dream of any sane man. I'm
A dream of any sane man. I'm sure it's easy to miss NYC when it's plastered all over TV no matter where you go, but when you get back here, you realize what you had lost.
Ever see a guy say good-bye to a shoe?
thank you all very much for
thank you all very much for the responses! I do have some follow up questions though...
FIRST - GENERAL COMMENTS - It sounds like there's not going to be any high paying jobs in private equity, venture capital, investment banking, and management consulting due to the lack of big businesses in the caribbean. so, that leaves me with basic investments, hedge funds, mutual funds, private banking/wealth management, etc. i'm guessing that those who responded didn't say because they don't know...but for anyone else who joins this thread...i'm still wondering how much can be made in these fields relative to other prestigious professions down there (md's, lawyers, high public officials, hotel managers, etc.)...and who are the top firms/funds paying those salaries down there?
#1) jerome marrow - i really appreciate you taking the time to write that response. it seems like there are some contrasting opinions? maybe those are just the exceptions though. if there are high paying financial jobs down there, with a superior american education at a top school, it seems like i'd at least have a fighter's chance though, right?
#2) happypantsmcgee - I'm sorry, but I don't know what EY is? Could you please give a little more info? I'd love to follow up on it.
#3) cfaboston28 - Is there any chance that you could provide some more information about those HFs and MFs. It's really hard to find information on firms that are actually physically located in the Caribbean via google.
#4) jos.a.bankhard - This might be a little bit out of line, but could you put me in touch with your friend, via private message or whatever. People with experience like that are really the ones I need to be talking to.
#5) ibintx - I'm sorry, but I don't know what UBS is? Could you please enlighten me? I'm eager to follow up on any leads.
#6) Hank Scorpio - I'm not a big fan of big city life. I was raised in a small town. I went to college in a big city. And I definitely prefer the former. I also studied abroad (and lived) in the Caribbean for six months, and have vacationed there many times. I absolutely love it down there and know that it's the place for me. So, no worries there.
thank you again in advance for any help!
be a hitman, pay is great
be a hitman, pay is great
bigpun wrote: #2)
#2) happypantsmcgee - I'm sorry, but I don't know what EY is?
#5) ibintx - I'm sorry, but I don't know what UBS is?
Ernst and Young - http://www.ey.com/
Financial Services, Audit, Tax, Accounting, Advisory.
UBS - http://www.ubs.com/
A bank from Switzerland, looks to be focusing on PWM.
Google is your friend.
ibintx - He said there's just
ibintx - He said there's just not that much to do there socially, especially for a young guy. Hitting on tourists gets old after a while, and believe me this guy could clean up on chicks. Unless you're cool with just lounging away your 20s, it might not be that fulfilling.
pun - sorry dude, he was an acquaintance from school, i don't have his current contact info