Banking, investment and insurance : Opportunities abroad

Many of the large companies operate on a global basis providing opportunities for their employees to work abroad. Working abroad could involve learning a foreign language and adapting to a different workplace and culture.

What are my chances of getting a job overseas?

The opportunity to work abroad depends on a particular country’s financial market. For example, it may be easier to find work in China or India as their markets are expanding. Speaking the language of the country you wish to work in and having a good level of knowledge of the industry can increase your chances.

If you are offered a job with a global firm with headquarters or offices overseas, your role might involve training and working abroad or this may be part of your career progression. For example, some US firms send new members of staff to their US headquarters for training. Also, if you are given responsibility for a particular region as part of your role, e.g. Russia or the Middle East, you may get the opportunity to work there on a long-term basis.

Will my qualifications be recognised?

For most countries a relevant degree in business administration, economics, finance or mathematics is essential for entry into the industry. However, you may find that your degree is not regarded as highly abroad as it is in the UK. Despite this, the skills you acquire during your degree are highly transferable.

Qualifications for investment banking or insurance may not be recognised internationally as each professional body is different. Contact the relevant professional body in the country you wish to work in for more information.

Where are the opportunities?

Opportunities for graduates are available globally:

• New York is the financial centre for the US. However, there are also major banking districts in Chicago (home of the leading derivatives market), Miami ('Gateway to the Americas'), Boston, Los Angeles, Washington DC and San Francisco.
• Tokyo, Hong Kong, Shanghai and Singapore are Asia’s financial centres.
• Europe is dominated by Zurich, Geneva, Paris and Frankfurt.
• Countries such as Brazil, Russia, India and China are going through a period of rapid economic growth and also have opportunities for graduates. Other countries on the edge of a surge in growth are Mexico, Australia, Vietnam, Indonesia, Nigeria and South Africa.

For further information see country profiles, working abroad and graduate job search.