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Career in Banking

Shanghai Expat Forum Index » Community Discussion Forums » Business Discussions

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YohaYoha

Talker

Joined: Nov 23, 2005
Posts: 120

Status: Offline

Posted: Jan 01, 2006 - 04:44 PM
Post subject: Career in Banking

Hey guys, kind of need your induction/advice on this.
How to start/develop a career in banking, headquarters/branches, Investment bank/commercial bank?
Education, knowledge, information, networking¡

Thanks

nanar747

Raver

Joined: Jan 29, 2003
Posts: 407
Location: stamford,ct
Status: Offline

Posted: Jan 01, 2006 - 08:51 PM

where are you from?
what do you know?
what is your background in banking?
how did you end up in shanghai?
are you western or chinese?
what are you willing to do?
what are your expactations?
how much salary will you ask for? etc etc

and a lot more questions are going to be asked of you from people that could help you
i can not but thereis a lot of things you got to tell people if you want them to help you

good luck

nanar747

clc349

Rocker

Joined: Mar 20, 2003
Posts: 673
Location: California, USA
Status: Offline

Posted: Jan 02, 2006 - 06:16 AM

not a good thing if you have to ask....
look up the different job requirements on local classified ad...

YohaYoha

Talker

Joined: Nov 23, 2005
Posts: 120

Status: Offline

Posted: Jan 02, 2006 - 07:01 PM

clc349 wrote:

not a good thing if you have to ask....
...

I think so.

But...

YohaYoha

Talker

Joined: Nov 23, 2005
Posts: 120

Status: Offline

Posted: Jan 02, 2006 - 07:06 PM

Let me put it this way,
Is here anyone in banking business section who is willing to give advice? (commercial bank)
Ta.

YohaYoha

Talker

Joined: Nov 23, 2005
Posts: 120

Status: Offline

Posted: Jan 02, 2006 - 07:11 PM

nanar747 wrote:

You could be a sweet tailor.

thegoodgirl

Barker

Joined: Nov 06, 2005
Posts: 153

Status: Offline

Posted: Jan 02, 2006 - 08:57 PM

Could be hard for you to compete with interns who are paid peanuts.

Anyway spend time in polishing up your resume and send it directly to the banks and pray hard it will be answered. Beats sending it to employment agencies who charge the employers very high fees.

tanginchina

Newbie

Joined: Nov 29, 2005
Posts: 4

Status: Offline

Posted: Jan 05, 2006 - 04:49 PM

Short of being a "financial consultant," finance is the hardest field in mainland china to find work in as a non-chinese citizen. First of all, there aren't many positions availible to begin with. All of the real finance work (ibanking, trading, operations, commercial banking) is done in Hong Kong. For the few positions that are open, it's very competitive at least at the entry level. (analyst/associate/VP) Reasoning behind this is that foreigners have very few competitive advantages since there are literally hundreds of thousands of chinese guys that can do the modeling. Even if your Chinese is really good, chances of finding something are quite slim.

Because you asked this question in the first place, I'm assuming that you're not qualified for anything at the higher levels. (i.e. managing director) As for running a retail branch....I assume that you'll need prior experiance, which would mean that you worked as a branch manager for a few years back home.

In any case, I can gaurantee that pay for non-chinese citizens is significantly lower than it would be in NYC, London, HK. If you have the reading/writing skills, it is possible to break into it, but you'll be able to easily make more money doing something else. I personally am giving up a-lot to work in finance here. More importantly, I'm giving up a-lot to be in China to begin with.