Time to Quit Wall Street for a Job in Mexico? The Caribbean? Central America? Dan Butcher - efinancialcareers
go to original February 1, 2016

In the Caribbean, life's a beach, even for bankers. (Myrko Thum)

Want a job in the Caribbean or somewhere else with a warm climate? Recruiters say the jobs are out there.

“There’s a lot of interest for financial services experts in the Caribbean, Mexico and Central America,” said Larry Rubin, managing partner of Mexico at DHR International, a recruiting firm.

Rubin says demand is strongest for auditors, comptrollers, CFOs, directors and finance managers. Most of the positions are pretty senior because hiring in an expat is costly – it only makes sense for the biggest hitters on the market.

Mexico and Central America

Morgan Stanley is currently hiring a vice president of Latin American mid-cap equity research in Mexico City. Also in Mexico, UBS is looking to hire a client wealth management adviser and a research analyst for its global Chief Investment Office. Citibank is looking to hire a range of AVPs, VPs and SVPs in Mexico City, as well as credit portfolio analysts.

Recruiters say Santo Domingo, the capital of the Dominican Republic, also has a significant number of foreign nationals operating in the financial services industry. So too does San Jose, the capital of Costa Rica, along with Guatemala and Panama.

BBVA/Bancomer, Citi/Banamex, BofA/Banco Santander, HSBC, Banorte and Scotiabank all have a significant presence in Panama, which Rubin calls “the strongest country [in terms of its] financial industry in Central America.” Additionally, Panama has many Colombian banks, as well as Banco de Guayaquil, Banco de Colombia and Korea Bank.

Needless to say. pay is lower in Mexico and South America. Glassdoor puts average salaries for analysts at Goldman Sachs in Mexico City at $69k. In New York City, the average is slightly higher at $84k.

Read the rest at efinancialcareers

Related: Moving to Mexico Allowed Me to Quit My Job and Retire Early (International Living)

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