Help... on my case! Please!

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  1. #1

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    Mar 2006
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    Help... on my case! Please!

    Dear all here,

    I am Austrlian chinese, would like to settle in HK to join my boyfriend who native HK guy. Could any of you give me some suggestions on the possibility to get a job and working permit?

    I got my masters degree from Top Australian university, majoring in Actuarial Studies and Information Science ( 2 Degrees ). I would like to find a job in Finance or Insurance industry, but I haven't got any working experience in that field, Since I just graduated in December 2005 from Actuarial Studies.

    My working experience came from IT field around 5-6 years ago for about 2 years, and from Marketing field ( hospitality marketing ) in year 2003 and 2004.

    I speak English, Mandarin and Cantonese ( not native ), currently on working-holiday visa in HK.

    I would like to know, if it is for me to get a job in HK, and hence the working-permit, as I understood as a fresh graduate, it would be very difficult for getting a working - permit with a entry-level job.

    Please, if anyone had the relavent information, or similiar experience, do share with me... thanks so much in advance!


  2. #2

    not sure whether it will be that difficult for you to get yrself secured with a job. a friend of mine graduated with a Ms in Econometrics overseas and came right after graduation to HK for career. found a job pretty quick. she didnt speak chinese at all and held no HKID. Actuarial science is not the same as Econometrics, but some similarity as much and heavy calculation is involved?


  3. #3

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    Thanks for your reply, it did encourage me a bit!

    Just wondering, what sort of companies did she work? is it a MNC? easy to get a working permit?

    Many Thanks!


  4. #4

    She started to work for ABN AMRO and after one yr headhunted to ML. Now she is headhunted again to Morgan Chase. Damn good remuneration!
    I am not sure how the suplus market of Actuaritist (the right term?) in HK is, but if I believe it is something like brother and sister of the Economitrist? Corrent me if I am wrong.


  5. #5

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    Really thanks for your information, it seems I need to focus more on those top-level MNC... thanks!

    And by the way, Actuaries are mainly working in Insurance or Investment fields, with more mathematics got involved... but may not have enough business economic sense about the Marcoecomonics...


  6. #6

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    Hi 902

    You probably already know this but econometrics focuses on recognising trends in financial and economic data and the application of models to describe the numerical relationships between key economic forces. The focus on finance and the economy is stronger than for actuarial studies with econometric models being used in things like the CAPM models, arbitrage/derivative pricing theory etc (i.e. the relationship between risk and return) and hence the jobs vonDutch's friend was able to get. Off the bat it may be difficult for you, with actuarial studies, to be in the same position re those jobs in IB. Having said that the strong qant nature, and presumably finance and economic subjects you studied while at uni, of your actuarial degree is a strong selling point that you'd be pitching to IBs for any of their front office structuring, derivative pricing type roles.

    The insurance and reinsurance market in HK is quite mature and covers the gammet - marine, fire, WC, life etc. I also understand that there's been some significant growth over the years so that's the obvious choice for you. You may also consider some of the acturial consulting firms but I'm not sure how developed that is in HK.

    Given the specialisation of actuarial studies you'd do best focusing your job hunt on that area of your studies rather than info sciences for the sake of better visa chances and better job chances. My bet is if you do land an acturial job the visa should be quite easy. But that's just my logic and immigration may think otherwise. For actuarial your prior experiences may not be of much value (apart from soft skill personal development), however can be utilised if you go down the information sciences route.

    Best of luck


  7. #7

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    Oops just missed your response


  8. #8

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    Thanks Nation for your advice,

    It seems you are quite professional in this area...

    I do want to find a job in insurance/re-insurance area, especially for life... but I can't find much postings from JobsDB or Classifiedpost for Actuarial openings.

    Are there any other resources? or Should I send my application to all the insurance company directly?

    And another question is, as fresh graduate from this area, what should I improve most to increase my chance to get a job offer?

    Thanks


  9. #9

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    Quote Originally Posted by 9025807:
    Thanks Nation for your advice,

    It seems you are quite professional in this area...

    I do want to find a job in insurance/re-insurance area, especially for life... but I can't find much postings from JobsDB or Classifiedpost for Actuarial openings.

    Are there any other resources? or Should I send my application to all the insurance company directly?

    And another question is, as fresh graduate from this area, what should I improve most to increase my chance to get a job offer?

    Thanks
    For very specialized jobs, I actually don't find jobsdb or monster helpful. Leverage your alumni network. I got all of my leads there

  10. #10

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    Quote Originally Posted by 9025807:
    Thanks Nation for your advice,

    It seems you are quite professional in this area...

    I do want to find a job in insurance/re-insurance area, especially for life... but I can't find much postings from JobsDB or Classifiedpost for Actuarial openings.

    Are there any other resources? or Should I send my application to all the insurance company directly?

    And another question is, as fresh graduate from this area, what should I improve most to increase my chance to get a job offer?

    Thanks
    Trust me not really I'm just a quack with only some idea

    Yeah as coolgirl said jobsdb and monster really deal in the bottom of the barrel clerical type jobs. Still worth just going on there and searching for actuaries once every few days though. Classified Post has a few more senior level or specialised roles and would be the pick of the HK jobs boards. You may also want to look at efinancial careers which focuses in the hard core front office roles:

    http://www.financeasia.efinancialcareers.com/

    It's mainly IB, hedge fund, VC/PE type jobs advertised but I've also seen a quite a few insurance jobs advertised - not sure what the roles were though. Unfortunately postings for HK jobs are very minimal but still something to hold onto for future reference.

    Your best bet really will be to get a list of insurers in HK and contact them directly. Ideally you will be contacting line managers directly (rather than
    the oft useless HR department - although it won't cause any problems if you did contact HR) the purpose being networking rather than asking them for a job i.e. "I will be arriving in HK, this is my background, I understand you've got significant experience in the industry and would like your advice/opinion,how do you see my skills sets, how best should I place myself, what are your recomendations on job hunting, any other contacts etc etc etc". Either this will land you a role with that network without directly asking for one or more contacts in the industry. At the very least it'll give you better insight as to how best to market yourself or what skills you need to develop. In tandem you can also contact actuarial specialist recruiters. Here's one in HK:

    http://www.darwinrhodes.com.hk/en/home.asp

    Unfortunately I'm not in the actuarial or insurance industry so I can't say who the actuarial recruiters are nor can I provide any potential industry contacts - sorry But if you do a google search for "actuarial recruiters Hong Kong" I'm sure some will come up. I would assume a lot of them may be offshore with a 1 or 2 person HK office, if at all. I doubt the mainstream Michael Page, Robert Walters, Ambition would be much help but you never know so still worth a getting in touch them and registrering your resume. You can get a list of general recruiters from Classified Post.

    In respect of potential netwroking contacts it may be worth checking out the Insurance Commission in HK (for a companies list) and the HK actuarial society (for members):

    http://www.oci.gov.hk/about/index.html
    http://www.actuaries.org.hk/

    It will also be worth checking out the Australian (and even US, Canada etc) actuarial society for a list of Oz actuaries working in HK. Those guys would be good first contacts in your networking. Also look to see what your uni can offer re helping you get in contact with potential employers in HK.

    As a fresh grad at first instance you'll be competing with other grads based on quality of degree and results attained. To set yourself apart you should be focusing on your other experience and how you can translate the soft skills gained into an insurance based actuarial role to compliment the technical. Generally these are quite similar across industries and roles but best to read some guides introducing the actuary industry to students (maybe your uni has them, or the Oz actuaries society or googled websites) for specifics and any particular qualities that really stand out. Once identified try and come up with tangibles linking your personal and professional development from your prior experience to what is required to be a successful actuary.

    Hope that helps. Feel free to shoot through any other questions there's a stack of knowledgable and helpful people on here
    Last edited by nation; 23-03-2006 at 01:42 AM.