Foreign role is vital for career
How much does overseas experience count if you want a successful financial career? A lot, according to a survey by a financial website. Overseas experience is crucial to developing a career in finance, a survey by eFinancialCareers shows.
The poll was conducted among 3,019 Asia-Pacific finance professionals last month and the first half of this month by the website.
The survey shows that 88 per cent of those polled think overseas experience is important or very important to their career, while 91 per cent would consider a role abroad.
In Hong Kong, 86 per cent of finance professionals surveyed think overseas experience is important or very important to their career, while 87 per cent would consider taking a role abroad. In terms of job opportunities, 68 per cent of respondents from all markets believe Asia-Pacific has the most job opportunities, while 85 per cent of those surveyed in Hong Kong believe the same.
When asked which city they are most keen on relocating to, Asian destinations are the most popular choice.
Singapore (18 per cent) came out on top for finance professionals across all markets, closely followed by Hong Kong (14 per cent) and London (12 per cent). An interesting fact thrown up by the survey is that Shanghai is the top destination of choice for Hong Kong-based finance professionals, with 23 per cent choosing the mainland city.
'These results show the level of intra-Asian mobility in financial markets,' says 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 [the] top destination for expanding career horizons.
'Given the opportunities on our doorstep, there really is no excuse for Asian finance professionals not to have some international experience on their resume,' McFerran says.
'In today's highly mobile environment, staying at home is no longer an option.'
According to the survey, the financial job market is livelier than in the previous year.