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 To go or not to go ?

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TShrevijay
post May 25 2012, 10:22 PM, updated 14y ago

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Hi guys. I'd like to pick your brains on something. I'm seriously considering going overseas to complete the final part of a professional qualification I'm currently pursuing locally. However I'm uncertain as to the merits of it. I'm looking for valuable input on this matter. The following is my situation: 

About me: I'm a mid twenties working adult currently pursuing chartered accountancy(ACCA). I'm in the last leg of it and am thinking of completing it in the UK next year. It should take approximately one year, after which I intend to stay abroad and work for a couple of years. 

Why I think it'll be a good idea to go: 

Exposure: I'm in my mid twenties and have been in Malaysia all my life. Somehow I get the feeling that my personal development has reached a plateau. I think a new country, a new environment would be a great to place reinvigorate myself and gain fresh perspective. 

Experience: I'd very much like to work overseas for a couple of years. It'd enable me to gain useful experience in my field. As i am pursuing a financial course, it'd be beneficial to work in a financial capital like London. I think it'd be easier to go into the UK as a student then as a job applicant. I'm worried as i've heard many rumors of stringent rules preventing students from staying to work after completing their studies leaving. This is a very important issue to me as working abroad is the primary reasons for me wanting to go. 

My concerns 

Finance: I am a working adult and would have to finance the initial cost of my plans using savings. The cost, based on rough calculations, even for a year, appears daunting. I'm weary of whether it's a good idea to use a significant portion of my savings for this purpose, when I very well know that I can complete my education here for a fraction of the cost. If i do go, I expect to work part time while studying to cover the cost of living. However I'm unsure of the feasibility of this as I'm aware of rules in the UK restricting the hours you can work. Also, I'm not sure how possible it is to obtain work in London. 

Location: London is where I want to be. I realize that the cost would be significantly reduced if I were to opt for Birmingham or Manchester but I'm biased towards London as I don't see the point of going abroad, only to spend my time there in a sleepy hollow. 

So that's it. There's my problem. Do I go next year or try my luck getting a job after completing my education here. What do you think ? 

Constructive information and comments are welcomed, especially from people who've been to the UK to study. I'd appreciate it if sarcastic and rude comments could be refrained from. 

Thank you
TShrevijay
post May 25 2012, 11:09 PM

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QUOTE(sukun @ May 25 2012, 10:50 PM)
london? job prospect in ur mentioned field?
btw, besides ur acca which u soon be completing, what sorta past education background u possess? if u don mind me asking, of all the 14 papers, how many left?
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Np. Thank you for asking. I've no past qualifications. I've completed 7 papers, 9 by year end. So basically completed knowledge and skill modules by the time I'm there. Complete professional level there- 5papers.

This post has been edited by VijayHari: May 25 2012, 11:09 PM
TShrevijay
post May 25 2012, 11:29 PM

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QUOTE(maru&box @ May 25 2012, 11:18 PM)
If you haven't noticed, Europe isn't exactly thriving now with the exception of Germany and a handful of other nations. They are struggling to even provide jobs for their own people and you expect them to take you in rather than giving the job a local?

Maybe during the happy years before the economic collapse it was worth the investment. The rule of thumb for hiring a foreigner nowadays is for the person to have exceptional skills that cannot be found in the local talent pool.

In most cases, maybe you are a well established professor,or a medical specialist with many years of invaluable experience. Otherwise, you need to have connections with the right people if you want to get in.

Most of my friends who wanted to stay and work overseas are already planning to pursue their masters,PhDs etc. There are a lot of people in the world with the exact same idea as you. And they might even be much better than you and also looking for the same jobs as you.

It may seem exciting to leave the small pond but you have to think about the big fish before you jump in.
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Point noted. Thank you very much. Btw, is it right for me to assume that pursuing masters/doctorate would allow me to stay back there ?
TShrevijay
post May 26 2012, 01:54 AM

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QUOTE(feynman @ May 26 2012, 01:05 AM)
Big gamble there.

The government has scrapped a lot of classes. Check out the website of the border agency.

Essentially it means unless you get a job offer and pass some assessment I think, you won't get to stay back. Companies would bother considering your job app unless you already have an authorisation to work in the UK. Big or small companies alike. So if you're thinking of getting a job somewhere from entry to managerial level. It's gonna be tough.

Like some fellow pointed out, a company will only do the legwork if you know someone inside really well, so well that the company really wants you to work for it. Which means those jobs are usually quite high up the corporate ladder.

Better finish your studies in Msia. Join a big firm, do well and shine for 3-4 years then request for a intra-company transfer. Going over with already working with a firm is much easier than go it alone.
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Ty. Your post was very informative. Btw, I understand from your profile that you currently work in Switzerland. May I ask how were you able to land a job there ? Did you complete your education here or were you there all throughout ? Hopefully your journey will shed some light in my quest.
TShrevijay
post May 26 2012, 08:36 AM

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QUOTE(feynman @ May 26 2012, 07:15 AM)
I knew someone who knew someone who was hiring. So through network. The position wasn't even advertised.

So I imagine if you are going to stay back in the UK, you have got to gain employment through contacts like that. Trying to get into a big firm via the normal route given the current immigration restrictions would likely be futile. Many firms make it very obvious that you should have the right status in the requirements section. Firms have computers to do the filtering. No matter how illustrious your CV is, the moment you answer no to the work authorisation question, your application is automatically rejected. Your CV won't be reviewed by HR. You don't even have a chance to sell yourself.

i was a bit curious so i went to check it out. This is from PwC UK.

On 19 July 2010, the UK Government introduced a temporary limit on the number of migrant workers coming into the UK from outside the EU. This interim limit applies until 31 March 2011 when a permanent limit will be set by the UK Government. PwC, along with all other employers, is subject to such a limit. This may prevent PwC from being able to sponsor your Certificate of Sponsorship if PwC has already reached the limit it is set by the UK Government.

I would take it as they are willing to sponsor if the right candidate is found but can't guarantee an approval. Very risky to bank in on this.

You can still gamble but you should know the risk. If you fail and have to return to Msia. You will be poorer. What's the return on investment?

The only country that I know that doesn't have any restrictions is Canada. Once degree is granted, work permit is given if conditions are met. No need job offers. Can work at Burger King if you want. I know a schoolmate, went to nova scotia to do accounting. After graduation, got the work permit. Became an accountant. Now in the process of becoming a PR. She's happy to live in Halifax.
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I understand. Definitely going there to study without having first worked out employment arrangements appears to be a wrong move. Considering the initial investment I'm required to fork out, it could be a catastrophic blunder. Looks like I've to seriously work on amassing overseas contacts. 

Anyways, I know I've made it sound like UK is the only place that I'm keen on going to in terms of work. Far from the truth, I'm actually open to other places as well. Do you happen to know how's the immigration situation like in other countries. Europe ? Australia/NZ ? 

Also, I remember once reading somewhere that the best way to get into the UK is through one of the other EU countries. Obtaining a work permit in the UK after first obtaining PR in say Norway or Austria, would be a lot easier. How true is this ? 

Btw are you an accountant/auditor ? 


Added on May 26, 2012, 8:45 am
QUOTE(limeuu @ May 26 2012, 08:29 AM)
1. if exposure is intended, then of course go....it will be an eye opener....

2. if working after is intended, the only way is getting a firm job offer (tier 2 visa)....and under present economic climate, and in the financial field, it will be difficult...no job, no stay.....

3. if you go on to do master/phd, then you will be a student (tier4 visa), need to pay fees, and restricted to 20hrs/week work....at the end, your chances of getting a job will likely be better, but still difficult....

4. this will cost money....so it depends on how willing you are to spend it.....is spending this money just for the 1 year experience worth it? (as you are likely not going to be able to stay on after).....only you can decide this....
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Makes sense. . Anyways, if you were in my position, how'd you go about it ? What would be the best course of action ? The one with highest chance of securing employment abroad.

This post has been edited by VijayHari: May 26 2012, 08:45 AM
TShrevijay
post May 28 2012, 07:39 PM

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QUOTE(feynman @ May 28 2012, 05:10 PM)
Yes that is correct. There are no restrictions to work in the UK if you have a EU/EEA resident status. That said, how are you going to get this status, when you don't speak the language and don't work there? France is nice and all, but do you speak French well enough to be able to work there for 3-4 years?
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Je ne sais pas.

This post has been edited by VijayHari: May 28 2012, 07:40 PM

 

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