Questions about Ibanking in Israel
Hi, I'm currently living in Israel and I'm very interested in entering Ibanking after my undergrad but I had a few questions first:
Does anyone know how the salaries fare here? Salaries tend to be a lot lower in Israel (usually up to 75% lower). Does anyone know if that's the case with International firms? e.g. Will the salary at Morgan Stanley be the same in the US as it will in Israel? or is the salary in Israel expected to be much lower?
Assuming the salary in Israel is lower. I've heard that the big Ibanking companies recruit from "target schools". If I wanted to apply to an office of theirs in the US would I have a chance, coming from an Israeli University? (Top university in Israel... but not internationally ..) or would it be worth it to me to study in the US/Canada? (I'm fluent in English by the way).
I know it's probably tough to answer these questions but I'd really appreciate anyone who has any insight on the subject.
Thanks,
dress code over there: black suit, white shirt, baby blue tie
oh, I forgot, and a bullet proof vest
I am pretty sure that the pay is pretty similar to that of the US in banking. And it is not easy to break into Israeli banking, maybe even harder than American, as they hire top candidates from around the world.
without specific knowledge of the israeli scene, i'd imagine that most analysts they hire are coming from israeli universities - haven't really heard of people from us/canada being recruited over there.
so if your goal is to work over there, you'd probably have a shot coming from a top israeli school. i'd definitely recommend contacting people who work in the industry in israel though to get more specific advice about how recruiting works.
if your goal is to work chutz la'aretz, though, it will probably be way harder if you're in israel for school, since everything about the recruiting process and interviews will be pretty inconvenient - aside from the fact that people may have never heard of your school.
hope that's somewhat helpful - biggest piece of advice is to talk to people in israel about it, since they'll know best
one additional thought though - there are certainly israelis, or american-israelis, in the american i-banking scene, so you would have somewhere to start from at least in terms of networking.
and assuming you served in tzahal, that's an advantage over here too - military experience gets you points, especially in the leadership area
Friend of a friend is currently in the Israeli Army and he told me that its almost impossible to get a job over there without having done your mandatory service. I don't know if you have, or even how true that is, but it could be a consideration.
There's nothing to be "considered" about army duty in Israel lol
It's very true. I have done it though :)
Quas et esse maxime illo quasi ex esse. Adipisci ex sint eum enim voluptates.
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