Go Back  British Expats > Living & Moving Abroad > Middle East
Reload this Page >

Moving to Dubai as Financial Advisor

Moving to Dubai as Financial Advisor

Thread Tools
 
Old Dec 24th 2008, 12:11 pm
  #1  
Forum Regular
Thread Starter
 
Joined: Dec 2008
Posts: 203
Crushing has a brilliant futureCrushing has a brilliant futureCrushing has a brilliant futureCrushing has a brilliant futureCrushing has a brilliant futureCrushing has a brilliant future
Default Moving to Dubai as Financial Advisor

I am working in sales in uk but have plans to complete a qualification to help me secure job in Financial services in Dubai.
I have a family who can hopefully join me at a later time ( wife and two kids 5 and 10 years old).

I would appreciate any advice and tips from anyone who has experience in moving over there and especially from financial advisors on what I can expect in career terms etc.

Many thanks

Bal.........................
Crushing is offline  
Old Dec 24th 2008, 12:56 pm
  #2  
BE Forum Addict
 
Joined: May 2007
Location: Utopia
Posts: 1,644
benzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

My financial advice at the moment is not to go to Dubai.
benzonar is offline  
Old Dec 24th 2008, 1:13 pm
  #3  
Concierge
 
Blue Cat's Avatar
 
Joined: Feb 2007
Posts: 29,625
Blue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

My financial advice at the moment is not to go to Dubai.
Blue Cat is offline  
Old Dec 24th 2008, 1:43 pm
  #4  
BE Forum Addict
 
IndieG's Avatar
 
Joined: Apr 2005
Location: Melbourne
Posts: 4,553
IndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

Don't.....I know one major bank alone that will be cutting headcount by around 2,000...by Q1 2009
IndieG is offline  
Old Dec 24th 2008, 2:20 pm
  #5  
BE Forum Addict
 
Joined: May 2007
Location: Utopia
Posts: 1,644
benzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

Originally Posted by Blue Cat
My financial advice at the moment is not to go to Dubai.
Copy cat!
benzonar is offline  
Old Dec 24th 2008, 2:57 pm
  #6  
Lost in BE Cyberspace
 
Joined: May 2008
Posts: 5,125
busybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

dont come to the uae
busybee2 is offline  
Old Dec 24th 2008, 4:17 pm
  #7  
Not an evil hypnotist
 
typical's Avatar
 
Joined: May 2007
Posts: 1,975
typical has a reputation beyond reputetypical has a reputation beyond reputetypical has a reputation beyond reputetypical has a reputation beyond reputetypical has a reputation beyond reputetypical has a reputation beyond reputetypical has a reputation beyond reputetypical has a reputation beyond reputetypical has a reputation beyond reputetypical has a reputation beyond reputetypical has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

Sorry to be down, Bal, but the above speak sense. This is a very bad time to come to Dubai full stop, much less at the same time as restarting your career.
typical is offline  
Old Dec 24th 2008, 6:38 pm
  #8  
banned
 
Joined: Oct 2008
Posts: 7,611
commander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

Try PIC ******, you don't have much of a financial background but could sell snow to an eskimo.

Their ideal candidate
commander is offline  
Old Dec 25th 2008, 2:41 am
  #9  
Concierge
 
Blue Cat's Avatar
 
Joined: Feb 2007
Posts: 29,625
Blue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

I guess that might have spoilt his Christmas
Blue Cat is offline  
Old Dec 25th 2008, 3:38 am
  #10  
BE Forum Addict
 
Joined: May 2007
Location: Utopia
Posts: 1,644
benzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond reputebenzonar has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

Originally Posted by Blue Cat
I guess that might have spoilt his Christmas
Indeed, but he may find that we have just saved his next xmas.
benzonar is offline  
Old Dec 25th 2008, 5:13 am
  #11  
Concierge
 
Blue Cat's Avatar
 
Joined: Feb 2007
Posts: 29,625
Blue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

Originally Posted by benzonar
Indeed, but he may find that we have just saved his next xmas.
valid point
Blue Cat is offline  
Old Dec 25th 2008, 8:55 am
  #12  
BE Forum Addict
 
Joined: Aug 2008
Location: Far from home!
Posts: 1,024
Jim Smith is a splendid one to beholdJim Smith is a splendid one to beholdJim Smith is a splendid one to beholdJim Smith is a splendid one to beholdJim Smith is a splendid one to beholdJim Smith is a splendid one to beholdJim Smith is a splendid one to beholdJim Smith is a splendid one to beholdJim Smith is a splendid one to beholdJim Smith is a splendid one to beholdJim Smith is a splendid one to behold
Default Re: Moving to Dubai as Financial Advisor

Originally Posted by commander
Try PIC ******, you don't have much of a financial background but could sell snow to an eskimo.

Their ideal candidate
I thought they were called Professional InCompetence????????
Jim Smith is offline  
Old Dec 26th 2008, 10:15 am
  #13  
MODERATOR
 
Norm_uk's Avatar
 
Joined: Dec 2004
Location: Dubai
Posts: 6,373
Norm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

Originally Posted by Bal uk
I am working in sales in uk but have plans to complete a qualification to help me secure job in Financial services in Dubai.
I have a family who can hopefully join me at a later time ( wife and two kids 5 and 10 years old).

I would appreciate any advice and tips from anyone who has experience in moving over there and especially from financial advisors on what I can expect in career terms etc.

Many thanks

Bal.........................
The UAE is not regulated and no qualifications are needed here to call yourself a Financial Advisor, and there are unfortunately a good number of very unscrupulous and unhelpful people here bleeding people dry and giving everyone else a bad name.

Dubai is going into recession right now, people are being laid off left right and centre so it's not the best time to come over and try to flog savings plans or even to be a proper qualified advisor since only an established person with a few years of UAE experience will be prospering or at least surviving now.

My advise would be to stick with what you're doing but by all means keep studying - there is a huge shortage of experienced and/or qualified financial advisors in this country (and an even bigger shortage of ethical advisors!).

Things will return to normal within a year or two and when they do Dubai will pick up again...then it would be a good time to come over...especially if you are qualified and can find a firm that has good compliance.

N.
Norm_uk is offline  
Old Dec 26th 2008, 12:22 pm
  #14  
BE Forum Addict
 
IndieG's Avatar
 
Joined: Apr 2005
Location: Melbourne
Posts: 4,553
IndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond reputeIndieG has a reputation beyond repute
Default Re: Moving to Dubai as Financial Advisor

Excellent advice...
IndieG is offline  
Old Dec 26th 2008, 3:35 pm
  #15  
Forum Regular
Thread Starter
 
Joined: Dec 2008
Posts: 203
Crushing has a brilliant futureCrushing has a brilliant futureCrushing has a brilliant futureCrushing has a brilliant futureCrushing has a brilliant futureCrushing has a brilliant future
Default Re: Moving to Dubai as Financial Advisor

Originally Posted by Norm_uk
The UAE is not regulated and no qualifications are needed here to call yourself a Financial Advisor, and there are unfortunately a good number of very unscrupulous and unhelpful people here bleeding people dry and giving everyone else a bad name.

Dubai is going into recession right now, people are being laid off left right and centre so it's not the best time to come over and try to flog savings plans or even to be a proper qualified advisor since only an established person with a few years of UAE experience will be prospering or at least surviving now.

My advise would be to stick with what you're doing but by all means keep studying - there is a huge shortage of experienced and/or qualified financial advisors in this country (and an even bigger shortage of ethical advisors!).

Things will return to normal within a year or two and when they do Dubai will pick up again...then it would be a good time to come over...especially if you are qualified and can find a firm that has good compliance.

N.

Thanks for sound advice I will consider all aspects of my move and am in no hurry to throw myself in the deep end without careful thinking.

I will be monitoring the progress of this awful recession we are in globally as well as Dubai itself and wait until the market picks up.

In the meantime keep me posted with any help and guidance or indeed opportunities that may come up.

Many thanks

Bal.
Crushing is offline  


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.