Not only will you become a lot more adaptable and pick up new skills, but such an opportunity will impress potential future employers and demonstrate your knowledge of the global markets. Whether your company has offered you the chance to work in an office abroad or you’re thinking of making the move on your own, there are many ways to make the most of this opportunity.
Countries of Interest
New York, London, Hong Kong and Tokyo are some of the world’s financial capitals and obvious choices to move to and mingle with other successful financial traders. These are a hotbed for jobs, with all the largest financial companies having bases in most of them.
Nowadays many large businesses are setting up in countries that have great growth potential. China is a big leader in this area, due to its massive economic growth. While the Middle East, Latin America and Eastern Europe all possess a lot of potential and are destinations many financial companies are sending workers to or recruiting within.
If you’re seeking employment abroad off your own back then the first choice is to decide whether to head for a financial powerhouse, such as New York, or an upcoming area like China. Then you can decide whether to find an employer who will hire you for an overseas position or visit the country and try to find a role.
Word of mouth is one of the best methods to discover opportunities, while global investment banks will have many positions available in numerous countries worldwide. Speaking to people already doing similar roles abroad is the best way to get an idea about what it’s like.
Becoming a freelance trader allows you to work from almost anywhere in the world. All you need is a good trading platform, strategy and internet connection. Be sure to check you have the legal right to live and work in the country of choice and are paying the correct amount of tax to the right government too. Freelancing abroad demonstrates drive and the willingness to immerse yourself in another culture too.
Working as a financial trader abroad isn’t for everyone, and there are a few limitations it can bring up. Language is the main one, as working in another country may require you to speak the local tongue. It will certainly open up a lot more opportunities though isn’t always necessary if working for a US/UK firm.
You may also have to take something of a pay cut if the cost of living is a lot lower in the country. Plus, while a new culture can be exciting, it may also not be for you and find it difficult to adapt. On the whole, working as a financial trader abroad is a great experience and there are many opportunities available.