Mobility Options From Australia

This is largely a repost with several tweaks to make it relevant to HF.

Context: Currently studying a strong finance course at an Australian university that historically has placed extremely well into investment banking. I tried investment banking over this summer and found that it did not suit me. Was going to aim for ER or HF in my penultimate year, to explore options that tie more into my initial interest of investment. Given that it is Australia, several HFs do offer graduate positions, but often are only Australia-based (would have to rehire to move internationally).

Given that Australia has a small HF industry compared to London/SG/NYC, I want to have that option to move overseas, but would love to build my investment acumen in a HF environment here. 

I was wondering if anyone had any info on:

  1. Is transferring internationally as a rehire in HF possible from Australia to SG/London/NYC? My preferences are in that order.
  2. Would an Australian grad be able to compete for grad roles in Singapore directly (either HF or ER)?
  3. Given that many funds in Australia (Pinnacle affiliates, Platinum, etc.) take grads directly, would it be worth going this route and then transferring overseas? I looking at ER as I thought the more intense environment would be a better training ground as a young professional, and the international brands would allow for international mobility
12 Comments
 

con60003, hey, look at the bright side, at least you didn't get a ton of monkey shit thrown at you...here is my best guess on threads that might be helpful:

More suggestions...

You're welcome.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
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  1. Yes - very doable, though firm policy / office politics would indicate you'd have to hang around for ~2yrs before applying for international transfer. Exception is when firms have a large focus on building foreign offices (ex: AusSuper with NYC and London offices in last 1-2 years).
  2. Definitely possible - have friend went from uni grad with decent internship --> IB role in Singapore (was advertised as looking for 0-2 YOE).
  3. Depends on risk tolerance. Might be slightly more difficult as a grad to differentiate yourself in a foreign market going for entry-level roles, particularly for a NYC based role (due to employers not understanding E3), though you will have less issue with Sing/London imo. If you're more risk averse, would suggest taking a role at a brand name for 1-2 years then plan transfer or apply directly, depends on how important it is for you to make the move and how soon you want to do it versus risk of longer hiring timeframe.

In terms of visas, my understanding is London (Youth mobility visa)  > Singapore (Employment Pass / S Pass) > NYC (E3) is the order of difficulty, though they are all mostly straightforward once you do your research. 

Above is general to the finance industry and not necessarily tailored to ER/HF.

 

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