A pretty good article in Bloomberg covering many of the reasons why it is difficult for unaccomplished expats / fresh grads and even mid-tier professionals, to get a job in the finance industry.
https://www.bloomberg.com/news/artic...a-deals-beckon“Young junior bankers without language skills are so rare these days,” said Quinlan, 33, who now runs his own financial consulting firm.
Most global banks have tried to bring in Chinese power brokers. Many of these bankers are not only bilingual but also bicultural -- products of elite Western universities who can move seamlessly between China and the global Wall Street. Many also bring deep connections to China’s leadership and state-owned enterprises. Now mostly in their 40s and 50s, they include Morgan Stanley’s Wei Sun Christianson and Credit Suisse Group AG’s Janice Hu.
For the most part, divisional and regional leadership roles in Hong Kong are still held mostly by expatriates. But a new generation of Chinese financial pros, most with language skills and many with top degrees, have filled the lower ranks -- and seem destined to rise.