Career in financial planning in different countries?
August 31, 2010 by Commission Master
Filed under Trailing Commission
Question by Vivian Yu: Career in financial planning in different countries?
I am now working as a paraplanner in Australia. However, my husband is working in China and I really want to be with him. But I do not want to give up my career as I believe that financial planning is a great career and I am so happy with my job. I have no idea about the Chinese market. Could I find a financial planning job there? How much will I be paid?
Best answer:
Answer by willmerr
Get HIM to come over, unless you think that living in China somehow beats living in Australia.
Add your own answer in the comments!
Financial planning is something that I would consider very “high touch”, which means that one can’t do remotely. In fact, a financial planner will have to speak the same spoken language, understand the culture, people and regulations.
As you move up in your career, you can’t afford to switch periodically. Every time you switch to another country, you are essentially starting over. As you reach a certain level, fewer companies would even give you a chance to start over.
Therefore as you consider this move, you need to factor whether you are creating an expertise domain that consists of Australia and China or you will be looking for moving to Europe in a few years. If your husband’s job takes him to a different place every few years, then this decision needs to be a conscientious one. Between the two of you, who’s career is going to be the driving force for where you’ll live.
I’ve read that there is a new generation of Chinese who are mostly entrepreneurs and with a lot more money than their parents. Although, there are markets for insurance types of products, Chinese are generally not open to discuss their personal finance with strangers (Consider where you are – Do you get a lot of Chinese clients?) Maybe you can be one of the pioneers who try to broaden financial planning concept to China.
Best wishes.