Why aren't more Bankers/Finance people moving out of U.S./EU ?

Family? Friends? Good life?

Yeah..a lot people dont just care about the money, they live here their whole life, why would they want to leave for another job?

Also there is the psychological barrier that comes with leaving a country. People cringe at the thought of having to go through the paperwork to switch nationalities, as well as finding a new job and learning the system. Objectively, the benefits may far out way the costs, alas human beings are emotional and lazy, and the escalation of commitment will keep most people from taking the jump. I personally have been considering making the move upon graduation, and will attempt to switch internally to another country after a 2 year stint. This is obviously a lazy mans solution, since I'm hoping my company will foot the bill/take care of the paper work......

I don't want to leave my state let alone my country.

middle east ? australia? what a joke thread. why not do ibanking in the pacific ocean i hear you can do BIGWHALINGM&A deals there.

cause America is the shit

Pointless question is pointless.

I'd love to move out of here. Just got to find a job that will allow it.

can't believe no one has mentioned the most obvious reasons

1)language barriers 2)work permit/visa

Being Chinese, trust me, you don't want to move to China for the long run.

Although if you're American and rich, you'll be worshipped, have 100 servants and make more money because of a messed up tax system. Trust me, it's not worth it.

1. Quality of Life - money can't take away air pollution, noise, overcrowding
2. Corruption - want a deal? How about invite your prospectives to a $10,000 dinner, and buy them a S-class Mercedes, maybe they'll think about it.
3. Security
4. Irregular markets - no one really knows how stock markets work and how to value companies in China, because almost all of it is made up on the spot.
5. Localization - why pay 10X for someone who doesn't know the language/culture, don't have contacts and do the same work as a local. Unless you're senior management (used to keep tabs on Chinese employees), this is what usually happens.

I may sound bitter, but yea, this is what happens in China. Of course, it might be fun to just be there for 2 years and get 10 girls to follow you around. Or if you have massive Yellow Fever.

I think its a great idea to move out and get exposed to countries that are growing in a depressed economy - the next 10-12 years will see a paradigm shift in terms of hiring, especially in banking. People with global exposure will generally lead senior management positions in most global banks. We live in a small world and things like language barriers and visa issues should be the least of our worries in considering relocation. Perhaps the biggest problem is inertia or laziness to move out of a comfort zone and re-establish somewhere else.