Its been mentioned that technology jobs may be eligible for exemption of the 2 year requirement
my question is: are there exemptions of the 2 year requirement for investment banking jobs with firms like Morgan Stanley, Goldman Sachs, JPMorgan, etc. (or hedge funds, private equity, etc. jobs)?
i’ve worked in banking and investment banking at two US bulge brackets (in Canada and Hong Kong), but only a combined 13 months
also quoted on another thread
“In general, work permits for people in the high tech industry and finance are issued readily. You should apply even if it appears that you do not meet the requirements.” forumosa.com/taiwan/viewtopi … nce#829572
for the masters + 1 year experience requirement, can the experience be before the master’s degree ?
Let’s just say that if one of those houses has agreed to employ you, you can be comfortably sure of getting a work permit. You can also be comfortable letting them do it for you.
Yuanta’s local but quite large. Usually it’s not a problem, but it depends how much they want you and how switched on HR are.
I would have thought finance was well covered under that new attract foreigners thing. In such a case, it;s usual to display some area that you should be employed ahead of a local. That’s HR’s headache when you work for a good firm.
well i just got a call from one of the US banks i mentioned above
they sounded kinda reluctant to do a visa for me
i believe it was HR that called me and told me they would have to ask HR and get back to me, soo…
i’m guessing that it’s either i don’t meet the 2 year experience requirement or they just don’t want the hassle of doin one
Investment banking jobs now? You gotta be kidding. Maybe a job packing up the stuff, loading it onto trucks, mopping the floors and looking for new tenants.
I know a banker who had a table full of offerings five months ago and headhunters after him. Since he lost his job from a recently large bankrupted bank, he has gone back to searching and has found only one available job, which is shocking considering his experience and ability.
Getting a work permit with an international house should be no problem, you will need a degree, and they will specify only a native English speaker can do the job, whether it’s research or sales, or whatever. At the international houses, however, they will probably have a freeze on foreign headcount, even if it’s just editors, so that might explain their reluctance.
At local houses it’s a complete lottery.
It appears to me that everyone’s getting the sack in banking, so it’s probably the worst time in ten years to looking for an IB job. Forensic accounting and bankruptcy work on the other hand must be booming.
Personally, I’ve not been head-hunted for entry level I.B. jobs, despite being eminently qualified, according to BJ. Can’t really manage ‘ass-kissing’ because I have an almost Tourette’s like ability to say what i’m thinking, and I’m not really greedy because I already have tons 'o cash. Got the rest, though. I mean, I could work on the ass-kissing as long as there would be a guarantee that the world would return to its natural order and people would start kissing mine again before long. I’d need to know there’d be progression, y’know?
Almost. But definitely when topped off with a good pair of shoes and a snooty attitude. Why didn’t he mention cufflinks? I love my wanker banker cufflinks.
And on investment wankers, a rejigged primer on dairy economics.
SOCIALISM: You have 2 cows. The State nationalizes one and gives it to your neighbour.
COMMUNISM: You have 2 cows. The State takes both and gives you some milk.
FASCISM: You have 2 cows. The State takes both and sells you some milk.
NAZISM: You have 2 cows. The State takes both and shoots you.
BUREAUCRATISM: You have 2 cows. The State takes both, shoots one, milks the other, and then throws the milk away…
TRADITIONAL CAPITALISM: You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
SURREALISM: You have two giraffes. The government requires you to take harmonica lessons.
LEHMAN BROTHERS VENTURE CAPITALISM: You have two cows. You sell three of them to your publically listed company, using letters of credit opened by your brother-in-law at Bear Stearns, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States , leaving you with nine cows. No balance sheet provided with the release. The public then buys your bull.
AN AMERICAN CORPORATION: You have two cows. You sell one, and force the other to produce the milk of four cows. Later, you hire a consultant to analyze why the cow has dropped dead.
A FRENCH CORPORATION: You have two cows. You go on strike, organize a riot, and block the roads, because you want three cows.
A JAPANESE CORPORATION: You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. You then create a clever cow cartoon image called ‘Cowkimon’ and market it worldwide.
A GERMAN CORPORATION: You have two cows. You re-engineer them so they live for 100 years, eat once a month, and milk themselves.
AN ITALIAN CORPORATION: You have two cows, but you don’t know where they are. You decide to have lunch.
A RUSSIAN CORPORATION: You have two cows. You count them and learn you have five cows. You count them again and learn you have 42 cows. You count them again and learn you have 2 cows. You stop counting cows and open another bottle of vodka.
A SWISS CORPORATION: You have 5000 cows. None of them belong to you. You charge the owners for storing them.
A CHINESE CORPORATION: You have two cows. You have 300 people milking them. You claim that you have full employment, and high bovine productivity. You add melamine and arrest the newsman who reported the real situation.
AN INDIAN CORPORATION: You have two cows. You worship them.
A BRITISH CORPORATION: You have two cows. Both are mad.
AN AUSTRALIAN CORPORATION: You have two cows. Business seems pretty good. You close the office and go for a few beers to celebrate.
A NEW ZEALAND CORPORATION: You have two cows. The one on the left looks very attractive…
Personally, I’ve not been head-hunted for entry level I.B. jobs, despite being eminently qualified, according to BJ. Can’t really manage ‘ass-kissing’ because I have an almost Tourette’s like ability to say what I’m thinking, and I’m not really greedy because I already have tons 'o cash. Got the rest, though. I mean, I could work on the ass-kissing as long as there would be a guarantee that the world would return to its natural order and people would start kissing mine again before long. I’d need to know there’d be progression, y’know?[/quote]
I think the world of investment banking is for you, if you can accept the ass-kissing to getting ass-kissed function:
Ka = kissing ass
Ak = getting ass kissed
n = number of years in the business
s = phase of the stockmarket: (1 = mark down phase, 2 = accumlation phase 3 = mark up phase 4 = distibution phase)
For people of roughly equal greed and good shirtedness, the ratio
of getting one’s ass kissed to kissing ass is:
Ka/Ak = (n * s) /10
So, if the market is at its peak and you have 2.5 years of experience, it should be about equal. If the market is in a down phase, you would need 10 years of experience. On the way up, between 3 years 4 months to 5 years of experience.
So, on average, it would take just over 5 years for things to even up, in the arse puckering department.
