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中国留学生在加拿大的提示 | Tips for Chinese International Students in Canada

(商学院或經濟貿易)

我们收到了来加拿大完成本科学位的中国留学生的大量问题。这些国际学生中有超大比例选择商学院或經濟貿易.

不確定情況是否隨著中加關係惡化而改變去加拿大唸書理想的結果是會找到進階的工作而薪金比在上海/北京/深圳 同类型的工作要高得多(但薪金不比香港高,相等的入门职级,香港的薪金跟纽约看齊也是申請居留權的途徑和短暫地離開高度競爭的中國社會的方法。

当然,每个人都渴望要进入并在一家顯赫的公司从事投资银行业务。这是否可行?答案是可行。但有可能吗?答案是沒有可能。最终,国际学生必须务实,积极主动地进行规划,否則就會一事無成。

为新到加拿大的中国留学生準備投身投资银行业务

当国际学生从中国抵达温哥华和多伦多时,他们通常会发现这很新奇有趣。虽然由于公共交通和支付系统的效率相对较低,可能会出现一些初期的文化冲击,但对于昂贵与廉价(食品价格昂贵,豪华车和房地产价格便宜)的看法,人口密度的惊人差异,城市蔓延和隐私,很多人都漸漸喜欢这个新国家,因為生活節奏較慢,也有像家鄉般的方便和舒適。

現在問題是你如何取得居留權?(如果你想留在加拿大)?

除婚姻或成为投资移民(需要大量资金和相對繁重的工作之外,最简单的方法是通过雇主赞助获得高质量的工作,使永久居留申请更有勝算,本科学位课程附带3年工作签证。在加拿大从事技術工作有助于永久居民申请。

理論上,中国国际学生在加拿大获得一份好工作实际上非常容易,因为整个社会的竞争說不上激烈,而且基础教育在硬科学和数学方面也不那么深奧。在这方面,中国留学生通常比80%的当地同龄学生優勝並有能力取得很好的成绩。

在加拿大,留学生要在大學考取优秀成绩

優秀成绩是获取面试的最简单方法。去申請投资银行和其他高质素,高薪厚職的工作,絕對要有優秀的成绩。

中国留学生得分低,原因通常有两个。

第一个原因是因为他们大一,大二兩年,闲逛浪費時間和參加派對(或者談戀愛,这不是中国留学生的獨有問題。所有大学生都有一定比例陷入这个陷阱,他們突然拥有大量自由和消失了在原居地的規範,行為的改變更為明显。例如当你拥有一部M6寶馬汽車時(BMW),你的生活会发生变化,我以經驗告訴你,因为我有一部M6寶馬(BMW)。

到第三年的时候,他们開始恐慌并在学习模式上全力以赴。有些学生可以趕上,有些則做不到。 雇主通常会对这个不成熟的阶段表示同情,如果第3年及以上的成绩都是高於85%以上,那么这些影响可以在简历中掩盖。

因此,除了3.3的累积GPA之外,(Grade Point Average)一些学生还会选择强调他们的核心GPA”专科GPA”3.8 第一階段的CFA*考試及格也可以幫助帶出個人的主动性和努力,(或者至少可以信任他们能夠完成分配的工作并能解決常規的事情)

*(CFA = Chartered Financial Analyst,特許金融分析師)

国际学生通曉流暢的英语水平对考取金融財務職位至关重要

其次是在阅读理解和分析情景中,要能貫通上文下理深奧的語景關係,更需要掌握英語運用自如。很多学生可以在微积分I中获得100%的成绩,在微观经济学和财务会计方面同样获得高分,但商业法律和英语不合格,成绩就會被钟形曲線拉低到CC +的水平。

一般来说,这里有两种类型的国际学生。那些对英语有足够理解并且自信的人最终會找到了很好的工作而没有太多困难。那些英語能力欠佳,拘謹內向害羞的人,就算他们擁有亮麗的成绩,最多祇可以在机構中層找到工作,例如风险管理或运营。

作为資深投资银行家,我们可以告诉您,我们雇佣了很多畢業生,祇有B + GPA但是我们不會雇用一些我们沒有信心他們可以用英语进行有效沟通的人仕。

如果你说英语時覺得紧张,那你的英语就不够好
如果非中国人不享受与你交谈,那你的英语就不够好
如果你不能理解95%非技术性谈话,那你的英语就不够好
很多国际学生回到中国後,英语比刚到加拿大的时候退步了,因为他们到埗後,立即加入了一个普通话的朋友圈。停留在你的舒适区域是很自然的,但你最终只会留下怀旧和浪费了时间。

没有中国国际学校教育或优秀私人補習教师的中国学生需要踏实地评估自己的強項,并善用时间获得最大的边际收益 – 学习英语和与非中国学生交朋友,而不是花時間在己經考取98的管理经济學去追求100%。

这一点尤其重要,因为与人交往可能会在社会和文化背景方面具有启发性,而这种背景无法从书本中收集到。很多沟通和文化都是非语言的,只能通过實際情况来理解。如果不能与加拿大当地人轻松交谈,那么會面是徒然浪费时间。

中国留学生三,四,五年级或新毕业生行动计划

理想情况下,与本地有志向從事投资银行业务的学生一样,途徑是在财富管理方面获得第二年实习,第三年投资银行夏季分析师职位,實習圓滿結束後,銀行提供一份全職工作。留学生跟本地学生不同之处在于有更高的赌注,找不到工作,就要离开加拿大。

實際情况是,95的国际学生畢業後不会获得令人想望的入门级投资银行分析师職位。与大多数其他情况一样,人们必须重新评估适当的路径。

你等待的时间越长就越难找到工作。现实是艰难的,虽然3年的工作簽證似乎有足够长的時間找工作,但现实是,拥有盛譽的高质素投资机構通常不愿意在雇員的工作签证期结束后要負責贊助居留權。6个月后,这些同样拿A級成績的畢業生意識到要續漸降低他們的要求,開始申請企業銀行職位,之后申請商业银行職位,最后環境逼人,甚麼工作都要接受了。

骑牛搵马(Ride an ox to look for a horse)

许多新毕业生或即将毕业的学生在开始他们夢想投身投资银行期間都不愿意申請较低水平的职位。

對留学生來說,永久居留权可能比投资银行职位更重要。商业和企业银行业的工作竞争程度要低得多,并且拥有著名品牌,供良好工作,这些品牌銀行優厚的薪酬足以维持在加拿大所有大城市的美好生活。

在倒数第二期(夏季分析师职位)和最后几年申请投资银行职位时,学生应同时向商业和企业银行家,大型财富500强企业的公司财务部门申請職位和請求飲咖啡會面介紹自己(coffee chat,tea chat),并尋求其他就业机会和消息,像在我們网站討論過的資料。

一些学生认为,如果他们接受了一份普通的銀行工作,日後申請投资银行職位時會造成障礙。这是不正确的 –投资银行在非聃請週期會僱用一個在品牌銀行供職的業者,多於僱用一个成绩优秀但沒有工作的畢业生。

此外,学生可能会认为商业銀行(甚至零售银行作为出纳员或共同基金销售人员)在短期工作後,當他们申請更好的职位時會受到限制。这是一個誤點,當有一个卓越的机會去轉換較佳的工作,就應該準備面對不舒服的對話,去辭掉目前的職位。关键是找到工作并继续寻找更好的工作,同时改善永久居留申请

当然,在获得永久居留权和获得公民身份之后,就有机会考取享有盛誉的MBA学位或无限制地返回中国工作。毕竟,哥伦比亚MBA是一个像LV Alma一样的顯赫品牌。


We have been getting a lot of questions from Chinese international students that come to Canada to complete their undergraduate degrees. An outsized proportion of these international students choose to study business or commerce (which is a fake degree that only requires grade 10 math after Calculus I).

This is not legal advice and should not be taken as such but from what people are telling us this is what we think.

Not sure if the situation has changed with deteriorating Canada-China relations, but nonetheless going to Canada for school ideally results in a much higher paying entry level job versus the same equivalent in Shanghai/Beijing/Shenzhen (but not Hong Kong, where salaries for equivalent entry level positions are in line with New York), a path to permanent residency and a way to get away from the hypercompetitive Chinese society for a little while.

Naturally, everyone immediately goes in and aims for an investment banking job at a top firm. Is this doable? Yes. Is it probable? No. And ultimately international students have to be pragmatic and proactive in their planning or end up with nothing at all.

Preparing Chinese International Students New to Canada for an Investment Banking Role

When international students arrive from China and land in Vancouver and Toronto, they generally find that it is a lot of fun. Although there may be somewhat of an initial culture shock owing to the relative inefficiency of public transportation and payment systems, perspectives on what is expensive versus cheap (food is expensive, luxury cars and real estate are cheap), staggering differences in population density, urban sprawl and privacy many grow to like the new country that offers a slower pace while retaining the comforts of home.

So now, the question is how do you stay here (if you would like to stay here)?

The easiest way other than marriage or via becoming an investor immigrant (which requires a large amount of money and a reasonable amount of work) is to get a high quality job with employer sponsorship that makes the permanent residency application more attractive. An undergraduate degree comes with a 3 year work visa. Working in a skilled job in Canada helps with a permanent resident application.

Now on paper, it is actually very easy for Chinese international students to secure a good job in Canada because society on the whole is not as competitive and the educational foundation is not as strong in terms of hard sciences and mathematics. In that regard, Chinese international students will generally have a leg up on 80% of their local peers and have the ability to get very good grades in school.

Getting Good Grades in a Canadian University for International Students

Good grades are the easiest way to be selected for an interview. Good grades absolutely do matter for investment banking and other high quality jobs.

Chinese international students usually get low grades for two reasons.

The first one is because they loaf off and party for the first two years (or relationship problems) – this is not unique to Chinese students. A certain percentage of all university students will fall into this trap, but to some extent it is more pronounced for the international students who suddenly have a large amount of liberty and less societal constraints than what they are accustomed to. Also, life changes when you have a BMW M6 (I know, because I have an M6).

By the time third year rolls around, they panic and go into full on study mode. Some students recover and some do not – employers are generally somewhat sympathetic to this immature stage and the effects can be masked on a resume if grades in 3rd year and above are all 85% plus.

So in addition to a cumulative GPA of 3.3, some students will choose to highlight that their “Core GPA” or “Specialization GPA” was 3.8. A CFA level I may also help to show initiative. Ultimately, GPA goes to show that students are reasonably intelligent (or at least can be trusted to do the work that is assigned and figure out things that are not hard).

Fluency in English for International Students is Essential in Securing a Finance Job

The second area is anything that involves reading comprehension and analysis in areas that are context heavy and require a good grasp of English. A lot of students can get 100% in Calculus I and similarly high marks in Microeconomics and Financial Accounting but fail Commercial Law and English before being bell curved to a C or C+.

Generally, there are two types of international students here. The ones that have an adequate understanding of English and are confident speakers end up finding excellent jobs without much difficulty. The ones who do not and are more demure and shy can at best settle for a job in middle office such as risk management or operations if they have stellar quantitative grades.

In a previous life as investment banker, we can tell you that we hired a lot of people with B+ GPAs but we hired nobody who we felt could not be trusted to communicate effectively in English.

  • If you are nervous speaking English your English is not good enough
  • If non-Chinese people do not enjoy conversations with you, your English is not good enough
  • If you cannot understand 95% of every non-technical conversation you are engaged in, your English is not good enough

A lot of international students actually go back to China with worse English than when they first arrived because they immediately join a Mandarin-only friend circle. It is natural to stay in your comfort zone but you will ultimately leave with only nostalgia and wasted time.

Chinese students that do not have the benefit of going to international school in China or good private tutors need to honestly assess their skillset and spend time where the largest marginal benefit is – studying English and befriending non-Chinese students instead of trying to get 100% in managerial economics when you are batting 98%.

This is especially important because interacting with people can be illuminating in terms of social context which cannot be gleaned from a book. A lot of communication and culture is non-verbal and can only be understood through being put in certain situations. Without being able to comfortably converse with Canadian locals, the interview is a write off.

Action Plan for Chinese International Students in their Third, Fourth and Fifth Year or New Graduates

Ideally, the same as with local investment banking aspirants, the path is getting a 2nd year internship in wealth management, a 3rd year investment banking summer analyst position and a return offer to work full time. The difference is that there are much higher stakes (you have to leave the country).

The reality is that 95% of international students will not get the coveted entry level investment banking analyst role. As with most other situations people have to reassess what the appropriate path to take is.

The longer you wait the harder it gets. The hard reality is that although the 3 year work permit seems sufficiently long to secure a job, the reality is that the top quality investors with big brand names are often reluctant to know that they will have to sponsor a candidate after the visa period ends.

After 6 months, these same A students will start settling for corporate banking jobs, before realizing that they would take a commercial banking job and then realizing they would take just about anything.

Ride a Donkey (Cow) Look for Horse

A lot of new graduates or soon to be graduates are reluctant to pick up a lower level position before starting on their grand investment banking dreams.

Permanent residency may be even more important than the investment banking role. Commercial and corporate banking jobs have far less competition and are good jobs with prestigious brand names that pay well enough to sustain a good life in all large Canadian cities.

While applying for investment banking jobs during the penultimate (for summer analyst positions) and final years, students should be concurrently applying and grabbing coffees with commercial and corporate bankers, corporate finance divisions of large Fortune 500 institutions and considering the other job opportunities discussed on this website.

Some students are under the illusion that if they take up one of these jobs it precludes them from an investment banking job in the future. This is incorrect – investment banks are far more likely to hire off-cycle from a brand name versus an unemployed student with excellent grades.

Also, students may think that commercial (or even retail banking as a teller or mutual fund salesperson) would handcuff them from quitting after a short period of time for a better position. This is misguided – people need to be prepared for uncomfortable conversations quitting their jobs if it is what is best for them. The key is to get a job and keep looking for better jobs while improving the permanent residency application.

Of course, after obtaining permanent residency and a path to citizenship, this allows for an opportunity to get a prestigious MBA or return to work in China without restrictions. After all, a Columbia MBA is a designer item just like an LV Alma.

Canada中国留学生在加拿大的提示 | Tips for Chinese International Students in Canada · Breaking into Investment Banking: Applying for MBAs in Canada · Why Are Canadian Oil & Gas Companies Down? · Major Oil And Gas Basins: Viking Formation · Major Oil and Gas Basins: Montney · Investment Banking Exits: Is Private Equity the Dream? · Overview of Senior Gold Producers in Canada · Should You Enroll in the Company Employee Share/Stock Purchase Plan (ESPP)? · Trends in Real Estate in Canada · Am I Too Old For Investment Banking? Should I Give Up On Investment Banking? · No Bubble in Vancouver and Trends in Real Estate in Canada · Major Oil & Gas Basins: Alberta Deep Basin · Best Languages To Learn For Investment Banking – Part II: Chinese · Chinese Energy Companies in Canada · Investment Banking Meal Allowance and Taxi Chits (or UberX) · Interview with: Foreign Exchange Trader · Major Oil & Gas Basins: Duvernay Formation · How to Analyze REITS – Case Study: RioCan · Analyzing Oil Sands Stocks · Investment Banking Training and Orientation Program · Metals & Mining Streaming Primer · Precious Metals – Gold, Silver and PGM · Asset Management Trends · Bitumen in Canada · Oil and the Canadian Economy · Telecom and Media Trends in Canada · Power & Utilities Trends · Interview with: Equity Research Associate · Liberalization of Chinese Markets and Oil · Oil & Gas Mergers & Acquisitions in Canada and Trump Energy Policy Consequences · Investment Banking and Finance in Calgary · Macroeconomic Drivers of the Price of Oil on the Supply Side · The Price of Oil and the Canadian Dollar · How to Answer “Why Investment Banking”? · 2 Common Interview Mistakes · Investment Banking in Vancouver · Financial Institutions Group in Canada · Weed Stocks Up In Smoke – Canopy Growth · Investment Banking in Canada · Private Equity in Canada · Corporate Banking and Loan Syndications in Canada · Landing an Investment Banking Interview in Canada ·

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Matt
ex investment banking associate
https://www.linkedin.com/in/matt-walker-ssh/

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