Frosty reception in overheating Sydney
Fancy taking your talents to Australia's finance centre? They may not be well received.
Jobseekers commenting on an article on our Australian site accuse Sydney's finance recruiters of short-sightedness and inflexibility.
On one hand, Australia's 4.5% unemployment rate means the country is crying out for skilled financiers who've spent time abroad. On the other, it seems bankers coming into the country aren't being hired because they've got no experience of the local market.
Here's a fairly typical posting:
Having just returned from a tour of Asia (3+ years), now I am in the Oz job market, thus far I have been told on numerous occasions that:
i) My skills and level of experience are too high for Australia and I should head to New York.
ii) I am a threat to anyone more senior to myself in an organisation.
iii) I do not have enough pieces of paper.
iv) My knowledge could show up fellow staff.
Recruiters commenting on the thread admit there's a problem - with their banking clients, who are often averse to taking a risk on overseas hires.