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Ok, lay it on me

 
ChrisfromMN
(@ChrisfromMN)
New Member

My wife and I have been contemplating a move to the USVI. We are 28, no kids, own a home in Minnesota which we would rent out. I have been in the mortgage business as a loan officer for 4.5 years. I have a lot of experience in all forms of residential mortgage lending. We are currently living on income of over 100k. But are willing to live on much, much less. Who needs "stuff" anyway. All I need is one bedroom and an ocean.

My question is, what is the job market like for people in the financial services industry? Would I have a realistic chance of obtaining employment in my field? I would be willing to do any job in the financial services industry (mortgage, personal banking, financial analyst, etc). I am willing to start at the bottom if necessary. Is there anyone who has moved from the states down to the VI and sought a financial services job? I would love to hear any successes or failures and advice.

Thanks in advance!

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Topic starter Posted : December 29, 2008 9:12 pm
Marty on STT
(@Marty_on_STT)
Trusted Member

I am only guessing at this, but, with so few banks (the number is low cuz we only have about 110,000 people in the entire USVI), the number of positions in the lending field would be rather limited...and an awful lot of getting certain jobs here are 'who you know' or 'who you are related to'...also, many of the people building homes inherit their land and build their homes on weekends with friends, so it takes a while...and they usually just buy what they need as they go, so no mortgage...and I'm also guessing that the housing market is probably not as fruitful as it has been in the past, what with the economy in the shape it is in...so, being from America, I would suggest sending applications out before making any plans on moving here. Once you have a job, then make a PMV, then the move...otherwise, you may end up waiting tables, bartending, or working on a boat as a mate...quite unlike a suit and tie job....just a few thoughts....

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Posted : December 29, 2008 10:00 pm
ChrisfromMN
(@ChrisfromMN)
New Member

Thanks for the response. I feared as much. I wonder if my resume would allow me to move into sales of some other sort. I'm open to almost anything really.

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Topic starter Posted : December 29, 2008 10:03 pm
mnjj
 mnjj
(@mnjj)
Advanced Member

Check out Stanford Financial.

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Posted : December 30, 2008 5:51 am
Trade
(@Trade)
Expert

You might find work at an EDC company managing others' money.

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Posted : December 30, 2008 8:36 am
Marty on STT
(@Marty_on_STT)
Trusted Member

Well, you could probably find a job selling jewelry....lots of those stores here....you might try the timeshare field, but I would think that the sales numbers would be down with the economy...keep your eye on the Island Trader and the Daily News...also check out the Dept. Of Labor...

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Posted : December 30, 2008 10:06 am
islandtyme
(@islandtyme)
Trusted Member

Stanford has an opening listed in the Avis, but you can apply via on line. Their corp office is on STX.
It's gonna depend on which island you decide to live. Marty mentioned jewelry stores and possible sales jobs. That will be St Thomas, and yes several are looking for help. The truth is as we tell everybody moving here..........take what ever job you can get! Keep looking for something in your chosen field & network your behind off while looking! Keep a good sense of humor......you'll need it. Best of luck with your decision.

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Posted : December 30, 2008 12:13 pm
dylandrewsdad
(@dylandrewsdad)
Advanced Member

Good Morning Chris,

What about a "home office" type job. You can start on the mainland, then when you get on island you would already have a job!

Good Luck
Mike

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Posted : December 30, 2008 12:43 pm
glynnswife
(@glynnswife)
Advanced Member

Also look at www.careers.vi

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Posted : December 30, 2008 12:44 pm
billd
(@billd)
Trusted Member

By the tone of your message it sounds like you have never been here. Or you were he as a vacationer. I STRONGLY suggest that you come down on a PMV and look around. The few thousand that yow will spend is nothing compared to what you will loose if you come down and don't like it or don't have work.

My opinion is that there is very little work for your line of work. As said before there are 110,000 LEGAL people here, across five islands. About 50K on STT, 50K on St. Croix and the rest between the other islands. There are a few banks but the number of people in your line of work is very few.

Add that all together and that is why I suggest a PMV, as a person who will live in the islands, not a tourist.

billd

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Posted : December 30, 2008 7:51 pm
ChrisfromMN
(@ChrisfromMN)
New Member

Thanks. I would never do this without multiple PMV's. Just wanting to get an idea.

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Topic starter Posted : December 30, 2008 9:21 pm
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