Chatter patter: chat thread 8

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return_to_hades

@return_to_hades

Stunner

+ 6

Posted: 11 years ago

#191

Originally posted by: charminggenie
45 K is decent salary for a fresh out of college grad, unless you are living in a city like NY where living standard is high.

$42,000 is decent on the surface. But doesn't seem as decent when you have almost $100,000 in student debt. Add to it car loans, rent/mortgage. It really erodes your cost of living. These surveys don't really account for unemployed or non-reporting students.

Originally posted by: charminggenie
For all the advantages you posted, only a very small percentage of International Students get jobs both In US or elsewhere because of strict Visa restrictions.

That is true, Visa is a pain.

However, based on my experience it appears that South Asian/Asian immigrants tend to be better employed than white US counterparts with same compensation. Of course observation isn't fact. And it doesn't truly statistically explain the cause. My "advantages" were my best guesses at explaining the difference I observe.

There are also many financial, IT and other consulting firms who hire graduates from Asia itself and process their work visas. The US graduate cannot always compete with them on wages.

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charminggenie

@charminggenie

Stunner

+ 2

Posted: 11 years ago

#192

Originally posted by: return_to_hades

That is true, Visa is a pain

There are also many financial, IT and other consulting firms who hire graduates from Asia itself and process their work visas. The US graduate cannot always compete with them on wages.

To be hired from Asia itself you need to be in top Universities where not only the entrance is tough but fees is also very substantial for eg CAT you need to score around 99 percentile to make it to these institutions. Hence the education and competitive level of such graduates will always be higher than an average US grad. These competitive advantages propel American or European firms to hire from Asia inspite Visa issues and even by paying high wages.

The best comparison will be between an International Student studying in the same University as the American counterpart. Their the probability of an Asian student getting selected for the "same job" is lesser because of Visa issues.

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hindu4lyf

@hindu4lyf

Rocker

+ 2

Posted: 11 years ago

#193

Genie it's even harder than what you've mentioned. From personal experience, 95% of employers have no interest in a perfect looking CV. Hence why the application forms are so long and contain tailored questions which require a lot of time and effort. Just to give the rest a rough idea..After the application is approved, online tests are sent. This consists of numerical tests, verbal reasoning tests, diagrammatic tests and often situational judgement tests. If you pass those, you have a telephone interview. If you pass that, a skype/video interview, then an assessment centre which includes a written exercise, group exercise(s), more numerical tests, impromptu presentations and usually an interview. If you pass that, the top companies will call you back for a panel interview and finally an interview with the partner. Yeah, that's how hard we have it!!

I think the average grad salary is pretty decent. At least in finance there's scope to work your way up. Bankers have it good ;) lol and lawyers too as the training contracts pay a lot but damn, the effort and hard work required to get in to either field is crazy and not to mention very competitive.

In the US, it's usually as simple as upload CV and wait for interview - so ridiculously lucky. (to be fair, they do pay crazy amounts for student fees) but hey, scholarships/funding support is a lot more common in the US (and India) than here.

Regarding the international students - they have it very hard now. There was a period where they were guaranteed jobs but many companies are no longer willing to sponsor students and prefer to take home students with new laws and regulations.

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charminggenie

@charminggenie

Stunner

+ 2

Posted: 11 years ago

#194

@H4L - I hear you, was an international student myself and got hired through the same system. First screening of the application (only top Unis make the cut), online tests , 2-3 interview and assessment centres. Finance Jobs are toughest to crack. generally the ration is one to hundreds and thousands.

The irony is if you are doing Masters your concentration is on getting the job not the grades, since there is cyclic recruitment. Most banks/Finance companies/consultancies shut shop by Jan for September hiring.

Banks pay well no doubt, so does Top 4 consultancies . Rest need to slog for couple of years to expect a decent package.

They have stopped the PSW Visa , so it doesn't even give time to International Students to go for job process .

Getting a job in UK is hard.

Edited by charminggenie - 11 years ago

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enigmatic_zephy

@enigmatic_zephy

Inactive

+ 3

Posted: 11 years ago

#195

Originally posted by: charminggenie
@H4L - I hear you, was an international student myself and got hired through the same system. First screening of the application (only top Unis make the cut), online tests , 2-3 interview and assessment centres. Finance Jobs are toughest to crack. generally the ration is one to hundreds and thousands.
The irony is if you are doing Masters your concentration is on getting the job not the grades, since there is cyclic recruitment. Most banks/Finance companies/consultancies shut shop by Jan for September hiring.

Banks pay well no doubt, so does Top 4 consultancies . Rest need to slog for couple of years to expect a decent package.

They have stopped the PSW Visa , so it doesn't even give time to International Students to go for job process .

Getting a job in UK is hard.

And that is why US remains the quintessential dream city..😆

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enigmatic_zephy

@enigmatic_zephy

Inactive

+ 3

Posted: 11 years ago

#196

all said and done,

if my daughter turns out to be materialistic, i will tell her to focus on her looks and acting skills and people management skills only😛

nthg better than HW..

padhai ka kya karna😛

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charminggenie

@charminggenie

Stunner

+ 2

Posted: 11 years ago

#197

Zephs - Not a bad idea , check this article http://www.dailymail.co.uk/femail/article-2557949/I-spend-fortune-send-girl-private-school-shell-marry-rich-never-work-An-unashamed-confession-RACHEL-RAGG.html

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return_to_hades

@return_to_hades

Stunner

+ 6

Posted: 11 years ago

#198

Originally posted by: hindu4lyf
In the US, it's usually as simple as upload CV and wait for interview - so ridiculously lucky. (to be fair, they do pay crazy amounts for student fees) but hey, scholarships/funding support is a lot more common in the US (and India) than here.

I don't think it is as simple as that. But I guess, it maybe more complicated than UK.

Jobs reminded me. There was a special on NPR last year. They did a study in a lot of companies across the country. Existing employees at all levels applied for jobs in the online application system. Just their names and current employer name was changed. Every other detail of their resume, education and experience was the same. HR ended up rejecting 90% of the applicants - some existing managers. The focus was that current policies and screening systems were inefficient and arbitrary.

Edited by return_to_hades - 11 years ago

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hindu4lyf

@hindu4lyf

Rocker

+ 2

Posted: 11 years ago

#199

Originally posted by: return_to_hades

I don't think it is as simple as that. But I guess, it maybe more complicated than UK.

Jobs reminded me. There was a special on NPR last year. They did a study in a lot of companies across the country. Existing employees at all levels applied for jobs in the online application system. Just their names and current employer name was changed. Every other detail of their resume, education and experience was the same. HR ended up rejecting 90% of the applicants - some existing managers. The focus was that current policies and screening systems were inefficient and arbitrary.

I should have clarified, it's just a handful of US based MNC's that I came across where the recruitment process was as I stated. I'll admit it's all personal experience and no facts.😳

Regarding the report - there's been plenty of articles about how companies discriminate against POC. So many instances of people changing their name and surname to something more "white sounding" and seeing an increase in response.

@CG: Ever used wikijobs? That site is freakin' awesome!!!! After reading responses, I almost answered an interview question even before the full question was asked.😆

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charminggenie

@charminggenie

Stunner

+ 2

Posted: 11 years ago

#200

H4L - I remember reading a blog post on a day's job in an investment bank. Starry-eyed and dreamy. But that site posts a good number of questions and is a decent site. I think the toughest is to get the application approved , once that,you atleast have a chance to score a job.

Honestly , I think i lucked out, most of my friends had to drop an year to the jobs.

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