An inquiry for foreign students or workers in US
Hi. I'm throwing this post to foreigners especially who have interned or worked in firms in US. Since it is less costly and safer for US companies to pick up US students or workers considering Visa issue, language, and other stuffs, it seems definite that foreign student willing to work in those firms need to have their unique advantages over domestic students. As far as I know, those competitive edges include capability on a couple of languages of countries considered important in the finance industry, exceptional network in those countries, and proven work experiences in the finance industry. And my question is, what else should be included here? What kind of competitive advantages do foreigners need?
Thanks for your sincere and invaluable responses. :D
Out of experience: 1.) NETWORK
Gap
2.) internship experiences (preferably with BBs, just harder otherwise) (maybe with a US firm so you would be able to lateral that experience or have connection(s)?)
Small gap
3.) pedigree of your undergrad school and GPA
Gap
4.) languages (nobody really cares unless you are covering a specific sector and you will probably be a generalist as an analyst anyway)
I mean international experience is good and everything, but you should probably target your country as it will be A LOT easier (assuming you are currently not studying in the US)
If you really want help, you have to give more info about your school, work/internship experience, GPA, etc.
And the pedigree of your education could quickly move up at least one spot. so could languages and international stuff, but, again, it depends on your profile and group that you are targeting.
I've just PM you. Thank you.
Let me just tell you this - as an international student who seeks employment in the US, consider yourself as a non-target kid regardless of your undergrad institution. Likewise, you need to show the hustle and drive of a non-target to get selected for an internship over your "target"(US-work authorized) peers. I know this may be hard to swallow especially if you are coming from very prestigious schools (ex. ivy league) but that's the way you're going to need to approach recruiting in IB.
To think of it more simply, trying to answer "Why should we pay thousands of dollars to sponsor your over plenty of other US-work authorized students" is the same as trying to answer "Why should we hire you from a non-target school when we have plenty of ivy league graduates knocking on our door for a job?". The answer is the same : because he/she wants it more than they do.
As to how can you "show" that you want it more than others? Well I'll let you figure that out on your own, and there is a plethora of information on that exact topic in WSO, M&I etc.
Not sure about banking/consulting etc but I heard it's nigh impossible to get hired in biz dev/marketing/HR and some other fields as an international.
The only field that really welcomes internationals is engineering.
not true.
i second his opinion- while it's still possible to find a job in finance as an international, it's very difficult the only industry that ACTIVELY welcomes internationals is engineering, possibly because international students are more qualified than their american counterparts
The reasoning I got for it was that internationals simply don't have the necessary local knowledge to operate in certain fields. Marketing, HR, Sales and BD require a person to be aware of local conditions, attitudes etc. Hard to hire someone in advertising or marketing if he isn't aware what boxing day is.
Hell, this can even extend to certain engineering jobs, eg. would you hire an international to be the factory floor manager in China?
Also, smaller finance and consulting firms wouldn't bother with the visa hassles. Many "internationals" that schools use to proclaim their diversity are basically kids who grew up in the US and at least did their undergrad over there. For absolute newcomers, it is going to be a nightmare, especially in the current economic climate.
big 4 has a lot of internationals. For big companies, they don't care about the visa fees. As long as they like you, they won't waste time looking for other candidates that are us citizens. For big companies, time>money.
For small companies, it's true that the visa fee matters. I have an international friend who offers to pay all the fees, and agrees to minimum salary to offset the fees required to pay by employers. the boss seems to have agreed
I agree with you, I feel that your words are extremely correct. I think it must be really hard for me to break in. Thanks a lot !!
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