Working in Investment Banking (London) as a foreigner - possible?

Recently I've been thinking about moving to London to continue my career as an Analyst in Investment Banking/M&A. I live in one of CEE countries. I have a Bachelor degree in Finance from the best school in the country and currently I'm pursuing Masters degree. I work as Analyst in M&A team in one of Big4 companies and I plan to stay there before end of my studies.In 2021 I had an opportunity to work as an Intern in a local bank which has its own small Investment Banking Division.In November I plan to pass CFA level examMore and more often I think about trying to apply for Summer Analyst program in London or even give a shot to apply for full-time Analyst position in IB.Question to you is: Do you know anyone who achieve this the way I want to do it? I see a lot of people from CEE who work in the industry but has at least Masters from LBS etc.Thanks for any comments!

Comments (15)

  • Intern in IB - Cov
1y 

Keep in mind that, if I'm correct, you may need a visa sponsorship for your SA internship from the babble of your choice. Hopefully someone more experienced will tell us here how eager they are to grant one, because I'm also looking into a similar option now!

  • 1
Most Helpful
  • Prospect in PE - Other
1y 

Definitely possible. Loads of kids from HEC, Bocconi et al come for SAs and they need to be visa sponsored, but depends if the bank will recognise your university or not and if they'll let you do SA having already started FT.

  • 2
1y 
CelticChimp, what's your opinion? Comment below:

On another note, do you think it might be easier to lateral than to get the SA? For instance 1-1.5 year of being an Analyst and lateral to either A1 or A2?

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1y 
HardestOfHardos, what's your opinion? Comment below:

Very possible for foreigners. Assuming you'll need sponsorship, which will make it a bit harder for smaller firms. Not a problem otherwise (obvs assuming ur good lmao)

  • 1
Funniest
1y 
Vænnen, what's your opinion? Comment below:

Great, more immigrants... Just what we need

  • 2
  • 5
  • Analyst 2 in IB-M&A
1y 

Good luck getting deals done across Europe without them. Or do you genuinely think that a bank has any realistic chance of doing a Merger between two Italian companies with only Englishmen on the team?

The "price" (because getting high qualified culturally similar immigration if anything is a gift)  of London being the finance hub of Europe is, well, European immigration. 

1y 
Vænnen, what's your opinion? Comment below:

Western European immigration is fine I guess, but anything from the (South) East is just not what we need.

  • 1
  • 5
1y 
Wabalabadoodoo, what's your opinion? Comment below:

Of course possible especially if you're interested in cee ib or other more generalist geographically product groups. You'll fine all kinds of people in tech m&a for example or in lev fin, but if you look at eg rothschild cee like you'll find many Greeks, Czechs, Poles, Russians

Tough to break in but not a matter of nationality

A Dutchman in London

  • 1
  • Analyst 1 in IB-M&A
1y 

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