For example, when I first went there in 1988, your security traders who worked the exchanges especially in the American and European time zones were mainly Europeans and Americans.
It was very much a niche market as few Japanese investors were all that interested and fewer Japanese business school graduates were interested in working for a Goldman Sachs when more stable jobs were available with a big marquee Japanese company.
The high compensation package in the field changed all that. Even with a shrinking population overall, the Japanese dominate this industry today. In the late 1980s, you could get hired as a foreigner with just a little better skillset than the average bear in the industry; today it has to be way better.
[The high compensation package in the field changed all that. Even with a shrinking population overall, the Japanese dominate this industry today. In the late 1980s, you could get hired as a foreigner with just a little better skillset than the average bear in the industry; today it has to be way better.]
That’s interesting; it seems most developed countries protect their workers better than we do. As I understand it, Canada makes it hard for foreigners to legally take Canadian jobs.