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enrisa
Newbie
Joined: July 11, 2005
Posts: 1
Status: Offline
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 Posted:
July 11, 2005 - 03:15 PM |
 
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| Post subject: Banking jobs in China |
Hi everyone, I'm new to the forum *waves* I have read a very interesting article by Michael (thanks!) that was pinned in one of the forums here. I hope to receive some advice pertaining to the following:
I'm currently based in Malaysia and I have decided to take my career abroad so that i can gain more international exposure. I've 3 years of working experience in the area of Corporate Banking with a local investment bank.
My partner has also decided to go with me to pursue his career abroad. He has 4 years of audit experience (with one of the top4 acctg firms) and 1 year+ of corporate finance/advisory experience in a local investment bank as well. We both graduated from Australia with Degrees.
My question is, are banking jobs in demand there? Whilst I do not foresee my partner having a problem in getting a job in areas such as audit (apparently it's very in demand there?), what about the China investment banking scene? I'm worried that I may not be able to secure a job there.
We are serious in going abroad but a set back is that my partner speaks / understands a little mandarin while I only know very basic words. We are willing to take up classes there, however we feel that because of our inability to speak the language, we might be shunned by potential employers who may not even grant us an opportunity to attend an interview. |
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nanar747
Raver
Joined: Jan 29, 2003
Posts: 407
Location: stamford,ct
Status: Offline
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July 11, 2005 - 04:54 PM |
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it is the same for a lot of people when they come in china (myself included) i am a chef so it is a little better but to find a job without the language is hard espacially that western people (expat) demand a lot higher salary and package than locals .locals get not minimum wages i am not even sure that tere is a minimum wage in china ( if there is one can someone let me know) so if they have the choice between a local that will cost the bank 2 or may be 3000rmb per month and an expat who is going to take a minimum of let say 20000rmb and do not speak the language guess who is going to be hirred?????????
i may be wrong i hope for you but ...i am not very hopefull
anyway if it works let me know
good luck
nanar747 |
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Victorian
Reacher
Joined: May 03, 2004
Posts: 367
Status: Offline
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July 11, 2005 - 07:26 PM |
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Why don't you go the sites of the big banks having business in China, e.g. HSBC, Standard Chartered, Citibank, Bangkok Bank, Bank of America, any more?
Same for accounting, he's in the top 4, he should be able to get a transfer or work through his connections to secure a job in China.
The local banks which hire expats usually head hunt aboard, so check out the head hunters specialising in banking in asia. |
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chinick
Barker
Joined: Sep 13, 2004
Posts: 171
Location: SH (as in s*** hole)
Status: Offline
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July 11, 2005 - 08:01 PM |
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yeah try HSBC, they REALLY need help down here... |
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Victorian
Reacher
Joined: May 03, 2004
Posts: 367
Status: Offline
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July 11, 2005 - 09:17 PM |
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Chinick - Why did you say that? Some bad experience with HSBC? If you have, Standard Chartered is worse. I'm talking about personal banking. Haven't tried Citibank yet. |
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baridi
Talker
Joined: June 11, 2005
Posts: 120
Location: shanghai
Status: Offline
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July 12, 2005 - 08:34 AM |
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ibanking jobs are rare, and without strong connections they are rarer. i assume both you and your husband will demand expat compensation package, you will have to look real hard for such jobs in Shanghai.
it would be easier if both of you come to Shanghai with jobs already, e.g. have your existing employers from Malaysia transfer you to Shanghai.
you will probably get offers soon enough if you don't mind the compensation trade-offs. |
_________________
"The mind is its own place and in itself can make a hell of heaven or a heaven of hell." - John Milton in "Paradise Lost" |
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