Do I need to live abroad to make a living as an investment banker?

Prepwise AnswersCategory: Finance CareersDo I need to live abroad to make a living as an investment banker?
Greston Wise Staff asked 7 years ago
1 Answers
Kate McKeon Staff answered 6 years ago

“Need” is the operative word here. Of course, the US has an immense background in investment banking, but with an overbearing sense that American banking is overregulated, and the economy can be a stifling place for those with bulging wallets, the market abroad is growing ever more attractive.

With hubs sitting across the globe, from London to Hong Kong, it can be a tempting proposition to up shop and move to a place where investment opportunities seem to be “ever-emerging”.

Looking at the figures, though, the public offering of the United States is second to none, with 75 IPOs raising almost $40 billion at their height. Place this impressive statistic up to the likes of China, where 41 IPOs raised only $8.1 billion, and the seeming “financial paradises” overseas no longer look so appetizing.

There is no harm in trying investment banking abroad, and no-one can say that the emerging markets are not offering some serious opportunity to make big bucks, but if ever things get a bit financially rocky overseas, you’re always welcome back to US shores. Home sweet home, as they say.