December 28, 2015

ALL ABOUT THE FREEDOM/SECURITY BALANCE:

'In Sweden, everyone follows the system' :  Prashant Jain, 29, moved to Sweden to work at an asset management company. He tells The Local how working in investments gives you a global outlook, and how Swedes don't buck the system.  (The Local, 28 Dec 2015)

"Working in investment gives you an outlook onto the whole world," explains Jain. "It helps you understand the world around you and what's going on. Everything has an impact on the financial market - and vice versa."

Having a job at a global firm in Stockholm has also opened Jain's eyes to cultural differences in how people do business. He notes that in Sweden, people in his field are often less open to trying out new technologies in finance and are more sceptical about taking risks.

"Clients are a bit more laid back compared to the US or the UK. In finance they are less likely to take risks here, they are happy with what they have," he says.

A preference for security also has an impact on the financial career ladder in Sweden. "For example, if you want to be a Portfolio Manager here you need ten or more years' experience," says Jain. "In the US you could be a 19-year-old, they spot talent, but in Sweden everyone follows the system.

"If I had to sum up the financial world in Sweden, it would be stability and security. In American culture there is a huge potential to make it big very quickly, but you can also fall down. Here, if you know the system, you don't have to worry about things. It's less stressful and that's why people are so much happier."

Posted by at December 28, 2015 12:37 PM

  

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