Investment Banking Abroad
Another networking question! Has anyone had any luck networking into a position in another country? I am an undergraduate student in the US who wants to get global IB experience
Another networking question! Has anyone had any luck networking into a position in another country? I am an undergraduate student in the US who wants to get global IB experience
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Career Resources
I know BNP and SocGen hire few non-French speaking interns. But banking internships in France are off-cycle and usually at least 6 month long with a salary ~2k €. You also need to be enrolled as a student to intern in France. For anything boutique/MM you need fluent french. Depending on the school you attend, its career portal will have exclusive offers and HR emails to post your resume to. So I guess the school probably matters more than networking.
Thanks. I am planning on attending HEC Paris next fall semester and I am planning ahead. I am fluent in french and have some knowledge of italian and spanish. Off-cycle is typically February to August...would it even be possible to secure an August to January position?
If you are going for grand ecole, you can take a full gap year and do the internship in whatever timeframe suits you.
I'm not sure if the dates are flexible in Msc Finance program
Investment banking overseas (Originally Posted: 07/25/2009)
Does anyone know if the BB investment banks recruit jobs overseas? If so, how does the process work?
What does this mean? Of course there are jobs overseas...
lolz i know ... of course there are jobs overseas....
I can give you some insights on Asian recruiting. There will be a team of HR people visiting core schools for either FUll TIME or INTERNSHIP every year. They will give you an info session explaining their firms, culture, opportunities, blah blah ... then you apply on website or with the HR officials.
Emerging market might be good place to start nowadays :)
Hope this helps
I-Banking Abroad (Originally Posted: 05/26/2013)
Most WSO discussions and groups are centered around experiences drawn from American financial firms or firms based in the US. I wanted to reach out to all fellow monkeys for recruiting and on the job experiences acquired in foreign countries/companies (canada, UK, switzerland or others). Is recruiting very different than in the US, is it easier or harder to get your foot in the door, will N-American degrees from good schools be privileged/recognized over local schools? What are the differences on the job and in the different categories I-Banking, PE, equity research? I am not looking for a comprehensive account or analysis or anything precise just send a probe in the community to hear different stories.
For Europe & UK, citizenship mean a lot. Even if you are not an EU citizen, you'd still have some opportunities if you are good enough. No OCR in Europe and UK, students apply together, but target school is still extremely important. Same in Asia, but with more connection hiring. Job content is basically the same.
The H-key will open any door. [Explanation: By H-key I mean Harvard].
Analyst/I-banking abroad (Originally Posted: 12/10/2010)
Right now i'm in my second year of an Honours BA in Econ at a B.C(canada) uni, and was hoping to get a starting job abroad with an investment bank, analyst hopefully and specifically in Eastern Europe(Russia, Ukraine, etc) i was wondering if anyone has worked abroad and if they accept North Americans for positions as analysts in Europe, im hoping maybe DB or Commerzbank
You need to be a) fluent in Russian b) eligible to work there without a work permit. I also know that people have a huge bias against foreigners, at least in Moscow. If you really want to work there you're best chances are to get transferred after moving up in a company.
Oh, i see, im fluent, and i have citizenship, im originally from St.Petersburg. So essentially i'm not a total foreigner, thanks for the reply, do you know by the way if there is any jobs situated in St.Petersburg rather than the moscow region.
That's great! I just noticed your nickname, that kinda gives it away haha I don't know if they have any jobs in St. Petersburg.
If you have time/interest you could consider doing an MA at a target over there(Высшая Школа Экономики comes to mind) which would make recruiting a lot easier i assume. i also know that they have online apps but idk how effective that can be! good luck!
IBD Analyst/Internships Abroad (Originally Posted: 02/18/2010)
Hello,
If you attend a target school, how does one go about applying for internships and analyst positions for offices abroad, particularly in London?
If I somehow managed a goldman internship/analyst offer, would it be easy to work in their London office or is this almost unheard of for Americans?
It is tough to get a work visa. Your firm will have to sponsor you and it will be expensive/a hassle for them. They most likely will not do it. This is especially true since they have their pick of Oxford/Cambridge/Imperial (British target schools) students over there.
Most firms will only send you over there if it there is a business need for you. Also, the economy is not doing well over there making it less likely that they will sponsor you. That being said, I suppose it couldn't hurt to ask anyways.
edit// I forgot to mention before, there is a difference in accounting standards which means a slightly steeper learning curve for you. That is another consideration that they will have.
The above is incorrect. Visas in the UK are not nearly as annoying as they are in the US, and firms are therefore much more accommodating to foreigners. You will need a convincing reason for "why London over NYC?," but the visa itself won't be an issue; this is why lots of US banks send Canadian applicants to their UK offices rather than NY. As for how to apply, all London applications are online.
The second part of your question, if you do get an offer from a firm, be it goldman or any other, it will be for a specific office, and they will not be likely to accommodate a request to move to another office until you have proved yourself where you are, and unless a business case can be made for moving you. If you do, for instance, a SA in NYC and get a return offer and ask to move to London, it would be highly unlikely; both HR and your team will view it as a personal insult and a waste of their time training you.
Thank you for the great responses. I will keep these things in mind.
It helps if you study abroad in London as well because then you have a UK student visa and (correct me if I'm wrong) as a result it's easier to get a work permit.
Is there any particular reason in the UK ALL applications have to be online where as in the US it's mainly networks and OCR?
International Positions in I-Banking (or Consulting) (Originally Posted: 02/12/2007)
Greetings monkeys!
As this is my first post on the IB Oasis forum, I might as well give you some background info about myself. You can skip this part if you want:
I'm a junior finance major at the University of Florida with a 3.8 GPA. Before beginning university, I spent five years in the U.S. Navy as an aircraft electronics technician.
I worked on the USS Kitty Hawk (an aircraft carrier based out of Yokosuka, Japan). I busted my ass for 14-16 hours a day, every day (NO weekends), for periods up to six months at a time. I worked on the flight deck and in an electronics repair shop inside the ship.
During this time I was able to travel extensively throughout Asia, Australia, the Middle East, and Europe.
I currently work at a chemical plant 40 hours per week, and take 16 credit hours of upper level business courses at UF. I don't sleep.
I'm really interested in getting into investment banking. I'm also interested in hedge funds, or management/finance consulting.
However, with all the traveling I've done, I've really developed a taste for living overseas.
On to my main questions....
1) How tough is the competition for getting into a bulge-bracket overseas?
20 I know the NYC offices go after Harvard/Yale/Wharton/etc grads, and non-target schools aren't given much of a chance. But are their foreign offices as selective? What can I do to get through their doors?
3) As a student at the University of Florida, how can I boost my chances of getting an interview?
4) Would taking the Level 1 CFA exam boost my chances at all?
5) Most of you here are either in, or trying to get in, I-Banking. Why did you choose this over hedge fund management or consulting?
I read an article in the Financial Times on how hedge fund employees out-earn their IBanking peers by a substantial margin.
Thanks, guys, for your insight.
Certain firms have large groups of ex-military personnel....Bear comes to mind, i would try to hook up with some ex-navy guys.
It's almost impossible as an American without an MBA to get hired into a European office. I say this from experience. I am starting as an analyst in London this year and researched the Visa rules. The employer must prove to the government that the position could not be filled by an EU citizen. It's much easier to justify this for a foreign applicant if they have an MBA or at least one degree from a European university.
However, if you speak a foreign language fluently that would be very desirable in Europe.
Do you have a graduate degree? Did you go to London to look for jobs, or did you get hired in the States?
UFlorida has a program where I can earn a Master of Arts in International Business and a Master of Science in Finance in 1.5 years.
Do you think if I went this route it would give me an edge, or should I get some banking experience first before I do a graduate degree?
Thanks for your replies, I really value your input!
If I were you, I would get a banking job first. That sets you up for a better business school. Secondly, when you get your Masters, I would lean towards an MBA and then an MS Finance. MA in International Business probably wouldn't be too special. Thirdly, when it comes to getting your Masters, don't do the 1.5 year programs, as you will miss out on getting summer associate opportunities that are available that are available to people in the two-year programs and are highly valued when job hunting after that.
Also, to go abroad, you need to be fluent in a foreign language, unless you go to the UK.
I wouldn't take the CFA. I personally have not taken it, but I still do not see any value there.
I am in IBD rather than a hedge fund due to lack of interest. I am in IBD rather than consulting because I am not gay.
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