What certifications required for getting a entry level banking job in Canada

[Mayursharma86]

Hiiiii,

I am a Credit Manager in a Govt bank in india , I am planning to Migrate to Canada soon,Done with Ielts and WES evaluation.I am very much concerned about the Jobs Opportunites in Canada,i have gone through various discussions in this blog,where the picture shown is quite dull and drab about the job opportunities.much has been said about the hard facts you will witness as a migrant and the employers will not consider your qualification and expereince at all and wont provide you with jobs and one has to take the survival jobs at the beginning,which perhaps is the only option available to the helpless migrants

I being a banker wish to pursue the same career abroad as well,Can somebody please guide me about the various certificatons i can take in order to get a entry level job atleast in banking and finance if not a middle management job.and If that certification can be attained before even landing in canada ,that would be a great help and will save me some dollars.

If somebody has another suggestion of some different career one can opt for as a migrant,whose certification can be attained in less time and job opportunities are better can also enlighten me. i would really thankful.

Please help and guide.I am very much concerned and heart broken after reading so much negetivity about the job market in canada.

 

[Hansdza]

Hiiiii,

I am a Credit Manager in a Govt bank in india , I am planning to Migrate to Canada soon,Done with Ielts and WES evaluation.I am very much concerned about the Jobs Opportunites in Canada,i have gone through various discussions in this blog,where the picture shown is quite dull and drab about the job opportunities.much has been said about the hard facts you will witness as a migrant and the employers will not consider your qualification and expereince at all and wont provide you with jobs and one has to take the survival jobs at the beginning,which perhaps is the only option available to the helpless migrants

I being a banker wish to pursue the same career abroad as well,Can somebody please guide me about the various certificatons i can take in order to get a entry level job atleast in banking and finance if not a middle management job.and If that certification can be attained before even landing in canada ,that would be a great help and will save me some dollars.

If somebody has another suggestion of some different career one can opt for as a migrant,whose certification can be attained in less time and job opportunities are better can also enlighten me. i would really thankful.

Please help and guide.I am very much concerned and heart broken after reading so much negetivity about the job market in canada.

I would say don`t work in a Bank. The salary sucks big time. My friend works as an analyst in a Bank here and we discuss about salary and stuff everyday during lunch. He said it is too low..
Getting a job is much more difficult than a PR. It needs combination of luck, connection and hard work.

Good luck

 

[Lammawitch]

I would say carefully target & hone your cv/applications/LinkedIn account.

I know several "middle level managers" in banking who have successfully gained employment in Canada as immigrants; networking & recce visits helped.

There is no extra certification you can do for entry level jobs in banking: I have no experience nor qualifications in that field but have twice been offered entry level jobs there.

 

[Mayursharma86]

I would say don`t work in a Bank. The salary sucks big time. My friend works as an analyst in a Bank here and we discuss about salary and stuff everyday during lunch. He said it is too low..
Getting a job is much more difficult than a PR. It needs combination of luck, connection and hard work.

Good luck

Thank's for the reply,You are very right ,but i guess perhaps getting a banking job even though less paid can be a boon for a new immigrant keeping in mind the negative approach of the employers towards New immigrants. can you please ask your friend ,how did he got a analyst profile as a new immigrant,did he took some certifications ,it would be really helpful for me.thanks .

 

[Mayursharma86]

I would say carefully target & hone your cv/applications/LinkedIn account.

I know several "middle level managers" in banking who have successfully gained employment in Canada as immigrants; networking & recce visits helped.

There is no extra certification you can do for entry level jobs in banking: I have no experience nor qualifications in that field but have twice been offered entry level jobs there.

Thanks for the reply,Quite helpful,Its amazing you got a banking job twice even though you didnt had any experience and qualification.I hope i get one atleast.But i guess for better banking profiles some certification are required,perhaps you can help me by asking few of your friends about the same.thanks.

 

[Lammawitch]

Thanks for the reply,Quite helpful,Its amazing you got a banking job twice even though you didnt had any experience and qualification.I hope i get one atleast.But i guess for better banking profiles some certification are required,perhaps you can help me by asking few of your friends about the same.thanks.

(I had a lot of other experience which was judged as transferable skills ).

I gave you a hint in my previous post about how my friends did it:

"Canadianized" their CVs, fine-tuned their LinkedIn profiles; targeted the places they wanted to work, & followed the vacancies advertised. Arranged a trip to Canada & contacted key players explaining they had PR, were visiting before moving permanently (giving timescale), and set up "informational" interviews.

One was offered a job just after getting back home, on condition he could start within 6 weeks. It was a bit of a scramble, but he accepted and moved - his wife followed after tying up all the loose ends in country of origin.

The other was told there was nothing available, but to get in touch once he had permanently moved to Canada. He did so, & his CDN contact still had nothing to offer him, but invited him to a networking event, where he met several useful contacts, eventually interviewed with several banks (3, I think), and had a job offer at his level within 3 months of arriving.

 

[Mayursharma86]

(I had a lot of other experience which was judged as transferable skills ).

I gave you a hint in my previous post about how my friends did it:

"Canadianized" their CVs, fine-tuned their LinkedIn profiles; targeted the places they wanted to work, & followed the vacancies advertised. Arranged a trip to Canada & contacted key players explaining they had PR, were visiting before moving permanently (giving timescale), and set up "informational" interviews.

One was offered a job just after getting back home, on condition he could start within 6 weeks. It was a bit of a scramble, but he accepted and moved - his wife followed after tying up all the loose ends in country of origin.

The other was told there was nothing available, but to get in touch once he had permanently moved to Canada. He did so, & his CDN contact still had nothing to offer him, but invited him to a networking event, where he met several useful contacts, eventually interviewed with several banks (3, I think), and had a job offer at his level within 3 months of arriving.

Thank alot,this was very helpful and motivating too.removed much of my hesitation and fear about the job opportunities in canada. ;D ;D ;D

 

[dobes]

(I had a lot of other experience which was judged as transferable skills ).

I gave you a hint in my previous post about how my friends did it:

"Canadianized" their CVs, fine-tuned their LinkedIn profiles; targeted the places they wanted to work, & followed the vacancies advertised. Arranged a trip to Canada & contacted key players explaining they had PR, were visiting before moving permanently (giving timescale), and set up "informational" interviews.

One was offered a job just after getting back home, on condition he could start within 6 weeks. It was a bit of a scramble, but he accepted and moved - his wife followed after tying up all the loose ends in country of origin.

The other was told there was nothing available, but to get in touch once he had permanently moved to Canada. He did so, & his CDN contact still had nothing to offer him, but invited him to a networking event, where he met several useful contacts, eventually interviewed with several banks (3, I think), and had a job offer at his level within 3 months of arriving.

In Canada, networking is absolutely everything. Meet everyone in your field that you can as soon as you arrive, and stay in touch over coffee, etc.

I am not in banking, but a good friend of mine from Slovakia came to Toronto years ago, and that is his field. His salary is quite good (he works in Wealth Management, whatever that is, for one of the major banks here) but his first year in Toronto he had to work as a house painter for a cousin while he took multiple exams and courses the bank required before employing him. He had already taken courses in these subjects in Slovakia, but had to re-do them the Canadian way - which is a common requirement here. It still only took a year, and then he spent another year in a lower level position, and quickly moved up. Within 4 years he had made enough to buy a condo, so in the end he did just fine. Network, get to know as many people in your field as possible as quickly as possible, and find out if you are going to need recertification. The job market is tough, but not impossible. Good luck!

 

[Hansdza]

Thank's for the reply,You are very right ,but i guess perhaps getting a banking job even though less paid can be a boon for a new immigrant keeping in mind the negative approach of the employers towards New immigrants. can you please ask your friend ,how did he got a analyst profile as a new immigrant,did he took some certifications ,it would be really helpful for me.thanks .

We both graduated from Canadian University. We are not a PR yet. Even I was surprised he got his job. He applied himself online through Indeed. I dont know if it was a pure luck or not but he got it. So far most of my classmates got their first full time job through connection (including me). I would say he is an exception. I cant even remember how many resume I have sent before. Please note that this resume of mine has been revamped, retouched. Revised by many people not only me. It might sound silly or stupid but I even paid over 500 dollar to "professional" resume writer to see what is wrong and to have them refined it.

So my friend is very proud of his achievement because he didnt "owe" anybody for the job. As for me I actually got two jobs and both of them are from recommendation (i.e. connection)

Actually During our program, we are taught about how to make a good resume. Mock interview. Networking. Linkedin profiling. Informational interview. Mentoring. Job shadowing. Etc. We even had one course specific for career development. Still, in classroom setting it looks easy. But when you really do it. It's really tough man.. at least from my experience..

Like other people say.. it is difficult but it is not impossible.. if you cannot get what you want do not regret and keep being positive.. your endurance and patience will be really tested... and if you are a determined and perserance. You will get it... never ever compared whatever you have in your country with the environment in Canada.. otherwise you ll lose your focus and give up.

Lots of employment agency as well. You might want to use them..

Good luck