I was in your shoes a little less then a year ago. Got a fiance visa to head out to Melbourne where the better half was situated. I have 5 years investment operations experience and 2 years trading experience and to say the market was utter garbage is an understatement. I met with many head traders in Sydney from the biggest banks and they all told me the same thing…it’s going to be tough and it could take you 3 months or 3 years to get a job in this field given the market environment.
I met with a quite a few headhunters and they all said the same thing - market is crap, etc, etc. One other thing they said was given my visa situation, I would likely be looked over until I was a permanent resident (which was 2.5 years away) - why would they chance giving you a job when there could be visa issues when they can just go to the next candidate who is an Aussie. Makes good business sense to do this, especially given the market condition.
One of the few trading jobs I found flat ouf said, do no apply if you are not a permanent resident or citizien.
One thing you DO have going for you is that you have ALM experience, as I found most of the available jobs were in this area. I guess it depends on what you want to do in asset managment too - trading, research, ops, fixed income/equity/real estate, etc. Some are much more readily available then others.
Like others have said, get your visa stuff squared away first, even if it does cost more money, and be honest with your work/career expectations. If you are 100% sure what you want to do (asset managment), really think long and hard about how you will feel if you can’t achieve that in the near future in Australia. Will you be ok doing something not related to asset management in order to make ends meet? Are you ok with potentially beeing to far removed from the field to get back into it?
Not trying to be a debbie downer here, but these are questions I wish I had asked myself before I left to go there. I gave up my dream job which I just got promoted for 2 months before I left and now I have no idea where my career is going, what to make of it, or if I’ll ever get back to where I was…ugh
if you have any work or visa questions, just let me know - I’m pretty well versed in both