EU people working in London after Brexit

Hi all,

After Brexit is it difficult, being an EU citizen, to work in the UK? I read something about sponsorship required by the companies if you are actually living in the EU and you would like to work in LN for ex. However, the legislation itself is pretty recent...any suggestion / personal experience? I have seen that many companies haven't relocated yet.

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Comments (23)

  • Intern in IB - Ind
Mar 1, 2021 - 5:44pm

HR from the BB I'll intern this Summer confirmed to me today that EU citizen require a visa for London and that we will soon be reached by their lawyers to assist us in the process. It does not sound like a big deal for them and I do not imagine large companies refraining from hiring EU citizens just because of Brexit

Mar 1, 2021 - 6:00pm

Good to know. People were finding difficult to complete applications. EU citizens can work in the UK? It seems YES. A sponsorship is required but it does not seem a big deal for those companies. What do you suggest putting in an application process? Putting NO could be a possible rejection? I mean, the situation is still a bit complicated and sometimes those application forms are not updated.

  • Intern in IB - Ind
Mar 1, 2021 - 6:25pm

I am just a last year student so my suggestion does not mean a lot... Until now I always said that I was legally authorized to work in the UK, and that I would not require sponsorhip, in my application forms. I got a SA offer and today I had to fill the onboarding form, and the same question came up, so I asked HR how I souhld answer. She told me that as a EU citizen I would require sponsorship. Given the Brexit, I don't think that this would still lead to a rejection (not even sure if that used to be the case) in the application forms, but I cannot assure anything.

  • Intern in IB - Gen
Mar 2, 2021 - 4:52am

It's actually pretty simple. EU banking is covered by geography: French people cover the French market, Germanic speakers cover DACH, etc. So, if investment banking activities stay in London, banks won't have a problem sponsoring Europeans. And if they decide that the cost of sponsoring their employees is too much, they'll simply relocate these activities to Continental Europe. Either way, as a European, you still have a de facto leg up on non-Europeans for London IB and you can't be replaced by Brits because of language/cultural issues. So no need to worry

Mar 2, 2021 - 5:30am

That's a more general answer about the issue - people in comments are talking about application forms especially for SA - but it's a good answer. With friends and colleagues from various parts of Europe we are thinking the same. There will still be demand for European workers in Finance in the City or where they will relocate.

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Mar 6, 2021 - 4:14am

That's partly true, but you are not considering that, at least for the next 2-3 years, there will be several EU (non UK) citizens for junior positions with pre-settled status that could be hired without sponsorhip.

Mar 25, 2021 - 5:32pm

It's now a lot more complicated than this.
 

If you have bankers in London covering French clients and offering them any regulated activity (eg underwriting, advising on securities etc.), that's solicitation and that is now strictly prohibited...

Essentially London will become a smaller place financial centre and a lot clunkier as a result of Brexit

But hey it's good for politics so whatever works

Mar 19, 2021 - 9:05pm

EU Citizen who just started working in London here. With Brexit and everything that comes with it, us EU citizens are now on the same level as other non-UK citizens. Negotiations in regards to reciprocity between countries and work visas are still in the works, so for now you would still need a work visa like anybody else.

I came here before the official Brexit date and was able to apply to the pre-settled scheme so don't need sponsorship but I don't think that it is too difficult for people to get sponsorship at large firms. Most banking and finance roles are considered qualified jobs so not much issue with Immigration office there. I think it's just a question of paperwork that the company has to do on your behalf but there's no such thing as a lottery system as in the U.S. I also don't think that it's an immediate reject if you put "sponsorship needed" in the application forms as it is in other countries. I have many non-UK citizen friends that applied to jobs here and they never had issues with immigration and their applications at large firm. Really does change from when I was applying in the U.S. where I would get an immediate automated rejection email after submitting my application because I needed sponsorship in the future. Also this is just speculation but the UK will probably still have more favorable rules towards citizens of some EU countries in the future because many Brits also work in those countries. 

Hope this helps and feel free to DM if you have questions!

Mar 20, 2021 - 10:34pm

Why is everyone giving half-ass replies here. It's so misleading. Europeans will be favoured over non-Europeans that's just so stupid.

There is no limit to Visa applications and only if the company wants to employ you then getting the visa won't be a problem. In the past Europeans were employed so popularly just because there was an access to greater pool of talent freely at a time when the visa process was very complex for non-Europeans. Similarly, the UK students only from Tier-1unis used to get employed in the Europe. Now these guys would have equally been in demand for the rest of the world. But the visa flexibility was not available so they limited to Europe.

Now not only the Europeans are facing similar difficulties as non-Europeans, the non-Europeans have much of the issues relaxed too.

But, it's not all done and doom here.

Offices are actually moving Europe. The Brexit negotiations were not very favourable for the financial services sector so they are moving to different European cities and New York.

A very wise monkey would say there are more chances in Europe than in the UK at junior-level.

Just don't have that ridiculous thought that your European visa application will be favoured over a non-Europeans applicant. The assessment stages don't bother about all this mess but when you start the application you will be asked about the Residency status, 'Permanent Resident or Student Visa?'. Hence, it's much about getting auto-dinged by the system. Most big firms welcome international applicants but it's just about an equal playing field from now on.

Mar 27, 2021 - 3:04am

Probably. Splitting the business with both EU and US. News have done rounds about the EU major cities competing among themselves for the portions which get here and also new offices coming up. The major transfer of assets by IBs is also something we all have heard.

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