Here is an interesting slide show from Forbes. It suggests that there is a plethora of jobs in Asia from which foreigners can take advantage of.
Forbes.com makes a pithy explanation...
``The rationale? Asia is where wealth is growing the fastest. As a result, banks need to take on more money managers to look after all that newly invested cash, as well as more equity derivatives traders, commodities buyers and math-whiz portfolio managers.
``It's not just financial jobs that are in demand. As banks expand, there is a trickle-down effect on hiring practices. That's good news for all job-seekers in the region. Positions up for grabs include traditional ones, like those for lawyers, accountants and information-technology mavens.
``But places like the Philippines are also adding posts for mortgage processors and insurance underwriters, as those services are beginning to be outsourced to emerging markets. And competent HR heads will be needed to oversee all the new employees."
More...
``Call centers in India and the Philippines employ thousands of people who answer the phones and provide customer service or back-office support for major multinational companies. Such a big group requires a talented executive to guide them. "For every one expat manager, he's going to on average manage a group size of between 200 people for an IT operation and 600 for a call center operation," says Richard Mills, chairman of Manila-based Chalre Associates.
``For top-tier positions, experts say many companies are looking either for Asian-born workers who may been educated abroad or have risen through the ranks of a major multinational company. However, expatriates who have spent much of their career in Asia are equally sought-after, and there's even a need for recent graduates with specialized skills.
``But back in the world of finance, certain traders are particularly coveted, according to Doron Vermaat, managing consultant at English-language job Web site New China Careers. Algorithm/quant traders juggle high-frequency trades and must have facility in math, computer science or engineering. For these posts, language skills and nationality are secondary to technical expertise, Vermaat says.
``Burgeoning fields, like that of corporate social responsibility, are also boosting employment opportunities. Advisors ensure a company is seen as having a social mission, to better the community and the world, in addition to its stated business goals. From reducing carbon emissions to sponsoring charity events to promoting transparency and diversity, CSR is now a mainstay in most Western companies. "It's just Asia catching up with the Western world when it comes to implementing this into their businesses," Vermaat says. "It was always a relatively new concept in many Asian countries."
Forbes.com makes a pithy explanation...
``The rationale? Asia is where wealth is growing the fastest. As a result, banks need to take on more money managers to look after all that newly invested cash, as well as more equity derivatives traders, commodities buyers and math-whiz portfolio managers.
``It's not just financial jobs that are in demand. As banks expand, there is a trickle-down effect on hiring practices. That's good news for all job-seekers in the region. Positions up for grabs include traditional ones, like those for lawyers, accountants and information-technology mavens.
``But places like the Philippines are also adding posts for mortgage processors and insurance underwriters, as those services are beginning to be outsourced to emerging markets. And competent HR heads will be needed to oversee all the new employees."
More...
``Call centers in India and the Philippines employ thousands of people who answer the phones and provide customer service or back-office support for major multinational companies. Such a big group requires a talented executive to guide them. "For every one expat manager, he's going to on average manage a group size of between 200 people for an IT operation and 600 for a call center operation," says Richard Mills, chairman of Manila-based Chalre Associates.
``For top-tier positions, experts say many companies are looking either for Asian-born workers who may been educated abroad or have risen through the ranks of a major multinational company. However, expatriates who have spent much of their career in Asia are equally sought-after, and there's even a need for recent graduates with specialized skills.
``But back in the world of finance, certain traders are particularly coveted, according to Doron Vermaat, managing consultant at English-language job Web site New China Careers. Algorithm/quant traders juggle high-frequency trades and must have facility in math, computer science or engineering. For these posts, language skills and nationality are secondary to technical expertise, Vermaat says.
``Burgeoning fields, like that of corporate social responsibility, are also boosting employment opportunities. Advisors ensure a company is seen as having a social mission, to better the community and the world, in addition to its stated business goals. From reducing carbon emissions to sponsoring charity events to promoting transparency and diversity, CSR is now a mainstay in most Western companies. "It's just Asia catching up with the Western world when it comes to implementing this into their businesses," Vermaat says. "It was always a relatively new concept in many Asian countries."
click on the image below to redirect link to the slideshow
If this serves as an opportunity for foreigners, this should be similarly an opportunity for the locals (me too?).
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