Is job security in London much better than non-European offices?

Based on previous WSO threads, here are some insights regarding job security and work culture in London:

1. Job Security Concerns:

   • There are concerns about job security, especially with the current layoffs in the industry. For instance, an individual with a US BB (Goldman Sachs, JPMorgan, Morgan Stanley) IBD offer in London for FT 2023 expressed worry about the offer being rescinded due to industry layoffs.

2. Work Culture:

   • London is described as having a more relaxed work environment compared to other regions. The work culture is less politically correct and less obsessed with diversity/woke issues. This allows for a more relaxed atmosphere where jokes and laughter are more acceptable without the fear of HR repercussions.
   • There is a good after-work drinking culture, which can be a part of the social fabric of the workplace.

3. Challenges for Non-EU Citizens:

   • Finding a job in London as a non-EU citizen can be challenging. However, being admitted to prestigious programs like the LSE MSc Finance can improve your chances.

4. Comparison with Other Regions:

   • London offers better career prospects in finance compared to other European cities, especially for US citizens. The job market is more fluid, and salaries, although lower than in New York, are competitive.
   • Spending time in London can be beneficial for networking and visibility, especially for those aiming to become MDs in banking.

5. Social Dynamics:

   • The social scene in London can be segmented, with groups forming based on nationality or educational background. This can make it challenging to find a social group, especially for non-EU citizens.

In summary, while London offers good career prospects and a relaxed work culture, job security can be a concern, especially in times of industry layoffs. The social dynamics and challenges for non-EU citizens are also factors to consider.

Sources: How hard is it for a non-EU citizen to find a job in London?, Working Abroad - Regrets/Benefits, Why are the salaries in London so low?, London vs New York IB, Msc Finance ranking Europe