If you’re a graduate studying in the UK, but struggling to get a front office position in the City, it might be worth looking to opportunities in Asia. While investment banks are filling their London roles increasingly early, large institutions are trying to highlight the opportunities they have in Asia to students here.
It’s a common tactic, with large banks like Goldman Sachs and J.P Morgan having told us previously that students studying in the UK are a sought-after commodity. Now, Deutsche Bank has gone one step further – arranging a series of networking events for UK students keen on interning in Asia next year, targeting student societies and even launching an app highlighting the opportunities it has there.
Still, when working in Asia – particularly mainland China – language skills, along with knowledge of how business is done in the region, are often prerequisites for a role. What’s more, an increasing number of Asian students studying in the UK are keen to secure roles back home upon graduation. Deutsche Bank appears to be merely tapping into this trend.
“An increasing number of Asia-national students are looking to secure employment back in Asia, after graduation; however, 82% of Asian students in Europe feel that they do not have enough information about career opportunities available in Asia,” says Faye Woodhead, head of graduate recruitment for Europe, the Middle East and Africa (EMEA) ex-Germany at Deutsche Bank.
The bank is targeting Asian nationals to “educate them regarding the quality of career opportunities available to them in the Asia Pacific region”. Interested students should look here.
For British or European students, the key to gaining a position in Asia is demonstrating some sort of desire to work in the region early on. This can mean studying out there, learning Mandarin, or securing a summer internship. Unfortunately, the latter is hard than you’d think, because banks are less willing to consider foreign students for short term roles.
What’s more, you’d have to be really certain that you wanted to work in Asia; most banks restrict the number of applications that a single student can make, some, such as UBS, require you to make just one application globally.