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&lt;p&gt;A &lt;em&gt;Bloomberg Markets&lt;/em&gt; cover story on JPMorgan Chase and its CEO Jamie Dimon underscores where the market for finance jobs will likely be the warmest in the coming few years: in the BRICs.&lt;/p&gt;&lt;p&gt;That is, in Brazil, Russia, India and China.&lt;/p&gt;&lt;p&gt;Dimon is keen to expand overseas in order to earn back the estimated $1 billion in losses JPMorgan will incur due to Dodd-Frank regulations curtailing derivatives trading. He&#39;s also keen to battle with Citi overseas. As &lt;em&gt;Bloomberg&lt;/em&gt; points out, &quot;Just a quarter of JPMorgan&#39;s total revenue comes from outside the U.S., compared with more than half for Citigroup.&quot; However, international business accounted for &quot;61.6 percent of JPMorgan&#39;s net income in 2009.&quot;&lt;/p&gt;&lt;p&gt;Given that Brazil, Russia, India and China &quot;offer much better economic prospects than the U.S. or Western Europe,&quot; you can bet that Dimon will be heading to the BRICs as soon as he can. The only things stopping him now are those pesky $75 billion in nonperforming WaMu loans as well as &quot;an avalanche of litigation over allegedly predatory and fraudulent WaMu mortgages&quot; -- JPMorgan has &quot;set aside a total of $3.5 billion in reserves to cover the cost of mounting lawsuits.&quot;&lt;/p&gt;

Derek Loosvelt

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