Working Abroad a Requisite for a Career in Finance

Experience of working abroad should be high on the agenda for individuals who wish to pursue a career in finance according to research that was published this week.

In their Movement of Finance Professionals Survey involving 3,019 finance professionals in the Asia Pacific region, online recruitment company eFinancialCareers found that 88% of those surveyed felt that overseas experience was important or very important to their career prospects.

The survey, which took place between May and June this year, also found that 91% of finance professionals would consider accepting a job opportunity that was based overseas, and 68% felt that the strongest job prospects were available in Asian cities.

The career opportunities available in Asia were reflected in the destination’s attractiveness to finance professionals, with Singapore and Hong Kong taking the top spots for the cities that those interviewed were most interested in relocating to. Head of Asia Pacific at eFinancialCareers, George McFerren, attributed Singapore’s allure to lower taxes, better career opportunities and higher pay levels in comparison to other cities in Asia. He also disclosed that more banks are relocating management operations into Singapore and as a direct consequence of this he expected to see an increase of job opportunities in the city-state.

Despite the fact that the United Kingdom was named by HSBC as the worse place to raise children in their recent Offshore Offspring report, London still remains appealing for financiers, with 12% of those surveyed stating that they would like to work there.

“These results show the level of intra-Asian mobility in financial markets,” said George McFerran, Head of Asia Pacific, eFinancialCareers.

“New York and London will always be popular choices for financial career development, but this confirms our belief that Asia is a top destination for expanding career horizons.”’

“In today’s highly mobile environment, staying at home is no longer an option,” he added.

Top Cities Financial Professionals Would Like to Relocate To

Singapore 18%

Hong Kong 14%

London 12%

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