Top 5 Global Cities to Start Banking Career
Megha Raizada
Megha Raizada is a professional writer working with the premium job portal Naukrigulf.com. She has a keen interest in the global job market, but also loves to keep a track of everything interesting happening around the globe. When not writing or browsing the Internet, you will find her creating furniture out of used tires. You can reach her at Twitter and Google+.
Source: Pixabay
There are always some parameters that people use to assess how their decisions today will turn out in the future. Financial analysts assess the financial power of cities across the world against parameters like business competitiveness, their monetary exchange rate and the inflation index, etc. Similarly, the most important factor to judge the attractiveness of job market and career opportunities in the banking industry of a particular city is the number of financial institutions and banks present in that city. The more the merrier.
Jobs in the banking sector can be found in almost all the cities. Yet, most youngsters choose to settle abroad. Not just to live their travel dreams but to also make the most of the opportunities presented by the global market. Professionally speaking, job seekers must study the economic health, financial power and the cost of living before deciding to settle in a particular city.
To narrow down your search, we have prepared a list of top five cities to start your banking career:
- New York
Source: Pixabay
New York is one of the strongest contenders in the list of top cities for a banking career. The Big Apple is home to a long list of banking giants such as Morgan Stanley, Goldman Sachs, Merrill Lynch, J P Morgan, Citigroup and numerous other large global financial institutions. Moreover, it has NASDAQ and the New York Stock Exchange. If that’s not enough, read this and you will not want to be anywhere else but New York.
- London
Source: Pixabay
New York or London – the debate about which city is the financial capital of the world is ongoing. But London is undoubtedly the financial capital of the United Kingdom. Most banking jobs in the UK are placed in London. The city is home to numerous international banks like Morgan Stanley and Goldman Sachs to name a few. Aspiring banking professional can also turn to homegrown institutes such as Barclays for work.
As for living in the city is concerned, many people dread England’s dull weather, it is noteworthy that the city offers world-class music, vibrant food, and a bustling fashion scene.
- Dubai
Source: Pixabay
Dubai is one of the fastest-growing cities in the world and the financial capital of the entire Middle East. It houses offices of renowned banks such as the Africa’s Standard Bank and Credit Suisse. Other financial institutions are also establishing their base in the city to gain the foothold of the Middle Eastern and African markets. What’s great about banking jobs in Dubai is that the eligibility criteria don’t require you to know Arabic. English is the preferred language.
Putting aside the professional talk, Dubai is considered the entertainment capital of the Middle East. It is known for offering a great standard of living to qualified professional as the income is tax-free.
- Zurich
Source: Pixabay
Switzerland is the European hub for banking jobs and Zurich is the hub for banking jobs within Switzerland. It has headquarters of prominent banks such as UBS and Credit Suisse, both of which are important for the wealth management of the private sector and businesses. To get work in the banking sector, you need to know a little bit of German or French besides English.
For travel buffs, Switzerland offers spectacular landscapes, clean air and proximity to cities such as Rome, Paris, Berlin and Prague. Also, the crime is low, making it a great place to live.
- Singapore
Source: Pixabay
Though a recent entrant, but Singapore is one of the most preferred cities amongst seasoned and prospective investment bankers. The island-city is home to one of the busiest seaports in the world. Although exports and refining imports are the main industry, yet Singapore is considered the 4th largest financial center in the world. Banks like Citigroup, J P Morgan, and BNP Paribas already have their presence in the city. In addition to this, more US and European financial institutions are investing heavily in Singapore for expanding their operations in South East Asia.
Talking about more exciting stuff, Singapore is popularly known as the heaven for shopaholics and has numerous cultural attractions. However, beware of the weather as it gets very humid during the rainy season which happens twice a year.
Before you decide to settle base in one of the cities mentioned in this list, do your own research about the job opportunities in that city. Most importantly, answer this question, “Can you picture yourself living in that city?”
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Well written but where is Hong Kong? Tokyo?
Singapore should be above Zurich, that’s if the cities are ranked according to the best.
Additionally, Singapore is not the 4th financial city. That position belongs to Hong Kong. The former is 3rd, the latter lost that position because of the incessant pro-democracy protests (something you cannot see in Singapore. Imagine shutting down the city-center?).
http://www.zyen.com/research/gfci.html
https://en.wikipedia.org/wiki/Global_Financial_Centres_Index
Nonetheless, good job.