Looking to break into IB in NA from consulting in the Middle East. I have due diligence / modelling experience (worked for an asset management company) and also have the CFA charter. How tough will it be for me and how should I approach offcycle recruiting? Any tips and advice is welcome 🙏

like
Posting as :
works at
You are currently posting as works at

I hate to be a downer on this one but this seems *extremely* tough without an MBA transition:
-banks are in lay off mode, not hiring mode, meaning off-cycle will barely exist
-consultants/anyone not in banking struggles to get a look (even with your finance and accounting experience)
-there is tons of NA talent floating around due to the above, meaning hiring internationals is unnecessary, with all its complications

That said, I will do more than just set your expectations low:
-you will need to cast a wide net. BB/EB in NYC probably a tough sell - don’t exclude them, but look at MM, even LMM in T2/3 cities too
-you may need to look at some shoulder / less attractive groups first
-you will need to do a ton of networking; this probably won’t lead to the immediate opportunity, but you have to do it anyway
-consider IB opportunities that leverage your ME experience, or even break in there and then attempt the move to NA

Hi - names of firms easily searchable online.

PE will have similar challenges; you may do a bit better in that there is an established path MBB->PE, but that path has always been harder and less preferred by firms than the IB->PE path. MBB->PE value creation is an alternative, but value creation is less core and therefore under at least as much if not more pressure than deal teams (all the same issues about macro challenges and switching geos above apply)

Related Posts

Any recommended courses or books on customer care/cust success analytics or marketing analytics in general?

like

What is a typical exit opportunity for a Director in FDD? I’m over the stress, but I feel like the monotony of industry will equally stress me out. I have only done FDD my whole career so the PE exit route is likely not going to happen (I’m realistic 🙂)

like

When does a person get promotion from manager to senior manager in cognizant?

like

Anyone have experience starting a product consulting side hustle?

I’m about 6 months into PM, and searching for ways to earn more and learn more. Might be too green, but open to thoughts

like

A good friend of mine graduated from Parsons this past summer, has degrees in Journalism and French, is a talented photographer and designer (which I feel I have a pretty decent eye for after working at a design-driven branding agency for half a decade). And I’m certain she’d make a fabulous junior AD or content strategist. Unfortunately she, like many in this pandemic, is still without a job. Any advice for her and/or shops/hiring managers/non-traditional job hunt tips to steer her towards?

like

RSM has been showing interest. Can any former EY workers speak to how transitioning to RSM has been for them? How’s it been? Was it worth it? Any insight is helpful.

like

Got an offer as Senior Consultant 1 from CAPCO, earlier designation Sr Business Analyst. What is the growth perspective? Is it worth considering with 30% hike from current package?

like

Any MSWs successfully broken into the employee wellness/ DEI space at a tech company. Any advice?

like

Do you think sticking it out in BL for 8 years pays off as far as in house prospects/salary go? Or is it all kind of the same after a certain time period. I’m in privacy if that helps (all aspects-trans, regulatory, lit).

like

Mckinsey fish, how is implementation practice? How does it compare to general consulting? How is the growth trajectory? Got an opportunity to join as implementation consultant but I am worried it will be a step down (will be taking a paycut as well).

like

How many people earn a degree in Engineering but don’t pursue a career in it,for whatever reason?I know at least one and I don’t know why they spent all that time and money if they weren’t going continue in it

likehelpful

Anyone have the CFF from the AICPA and willing to share their studying/exam experience? Curious about required effort, study plans, exam structure, overall opinions of the cert. Thanks!

like

Best analytics tools to learn? Know Alteryx but I've heard people say they don't consider it an advanced analytics tool

What corporate practice has better longevity if your goal is to stay in big law for as long as possible: M&A or Capital Markets?

like

Hello,I’ve 11 years of experience in hardware verification. I know SV, UVM. How can I change my career field to AIML? Please guide

like

Is RPA a bubble and will soon fade away? How much valuable is it as a skill set?

Took a role out of desperation and it was a big mistake. The firm was toxic and crazy revolving door. After only a few months I was fired "for cause" even though no cause was actually given. Is this the end of my career?

like

Hi, I am considering two offers in Strategy Consulting (MBB) and PE (Tier 1 European fund) for a first job post studies based in Europe. Do you have any insights/advice on what I should consider to make my decision (compensation, career opportunities, professional development, work-life balance etc) based on your experience?Thanks!

like

More Posts

Just found out my boyfriend of 3 months (talking stage was about 6 months before making it official) slept with his ex a couple times while we were talking. After we agreed to be exclusive. Without protection. I’m so crushed 😞

like

For those of you in your mid-20’s, how often do you go on dates with your significant other? In a serious relationship for the first time since college and trying to gauge what folks consider normal for dating frequency (excluding nights in). Context - we’re 25, dating for 3 months, live 5 mins away from each other, decent WLB

like

Hello everyone,
Does Honeywell, has complete work from home option?

helpful

I need advice on how to approach a raise request.

I am a software sales representative in the manufacturing space. My starting salary was $85,000 in 2015 I did not receive a raise until I asked for one three years later in 2018. The raise was 5%. I have not received a raise since the 5% raise I received in 2018. They granted me a $2000 one time bonus in 2021 when I asked for a raise. How do I request a raise and get one?

I have brought up the cost of living expense and they do not acknowledg

like

Walking home from the office today, I walked past an AE store. Walked in on a curious whim and I accidentally bought a new pair of chukka boots. Can anyone relate? 😂😩

like

I have short neck.... should I wear polo tees...?

like

Hi all
Can someone please let me know if cisco is expecting newly joined employees to come to office from day 1 ? Can we ask for 1-2 months of time period of remote working intially?

like

Hi All
Does anyone have my information on the role Assistant Manager PPM.

Keep waking up at 4 am.. anyone have tips on how to avoid this and sleep thru the night? Generally go to bed around 1030 and wake up 630

like

Mediterranean Bowl with Hashweh (Loaded Lebanese Rice)

Post Photo
likefunny

Hello,

I'm planning for my first solo trip. Any suggestion on places to visit for women solo traveler and travel groups or agency who facilitate ?

likeuplifting

Can anyone of the fishes working in Uber Amazon Microsoft Apple Facebook (Meta) Google Netflix Mercedes-Benz Research & Development India OnePlus India R&D Sony Corporation Adobe EY Boston Consulting Group Deloitte McKinsey & Company help me with referal?
I am actively looking for a change.

I have Around 8 years of experience in Sales & Product Operations and Program Management.
Skills: Program Management, Product Operations, Salesforce, customer success.

like

Hi Guyz, Need advice

I have expertise in Mobile application
development.
I know android ,flutter and react native.
But as I am progressing in my career I get
to know I love doing coding for business
logic rather then Ul part.

So I am planning to learn any backend
technology as well. I am thinking to start
learning nodejs. I just know Javascript
and totally freshie in backend.
Is it good idea to learn any backend.
technology and what technology I should
go for nodejs, dot net or anything else.

like

Looking for a weekend toy, reliable sports car recommendations?

like

Is capgemini hiring for Governance, risk and compliance domain?

Joe Biden is done. Do the Democrats seriously not have a single candidate they can run that can actually beat Trump?

likeuplifting

What is average CTC for Scrum Master with 13 years experience in IT and 5+ years as scrum master

like

Can we claim for education loan interest deduction while filing our taxes if the loan was taken from a foreign (ex. Indian) bank?

My current employer filed for H1b extension recently. I’m switching jobs and my future employer will be filing a H1b transfer soon. Will 2 parallel applications raise any red flags?Any risk of an RFE?

Any senior level creatives or CDs from Fitzco here?

like

Additional Posts in Investment Banking

Hey everyone. I am in desperate need of reorg data access for a project deliverable.

Wondering if anybody has a company subscription and is willing to help a girl out. I am willing to pay $$ for a username&password so I can export 1 or 2 data sets.

Anyone have actual intel on how comp (particularly bonus structure) works for mid level hires (vice president, director) into Corporate Functions (for example, legal, executive office, etc.) at BBs?

Public sites like Glassdoor are essentially useless for these roles and WSO seems to focus only on comp for client facing roles like IB, T&S, etc

like

Does Goldman Sachs Require boosters in order to work there? What about Wells Fargo Citi Morgan Stanley etc.?

like

Anyone knows about the Goldman Sachs AIMS division or the position itself - AIMS platform management analyst? Attached the JD as well. Any insights regarding what the role is maybe?

Any insights are highly appreciated!

Post Photo
like

What makes a great investment teaser vs an average one?

like

I have CFA level 1 books. About 14 books in total. Anyone interested?

like

Anyone have insights into Zions investment bank?

like

Is only long debt debt considered in the cost of debt for WACC or do other short term liabilities matter as well?

like

Anyone here work at UBS and can me what the working atmosphere is like/pros and cons/ perks?

like

Hi All,
New to the app and would love networking. I have 5 years of work experience in corporate finance and looking to break into investment banking. Currently working Deloitte after completing my master’s from NYU. Happy to share my resume and skills in DM

Thank you

like

What were your bonuses this year?

Been trying to lateral from PwC Deals Adv to IB and it’s been very difficult. Have the experience and technical skills, just not the banking background firms want to see. Anybody in IB willing to connect and share their experience?

like
like

Hi! If anyone has experience going from Transaction advisory Services to IB please DM me.

like

Anyone heard of Alkali Partners? What’s their pay/hours/culture like?

like

Can you negotiate your restrictive covenant period? Asking for a friend who works in IB and their period is 3 months but his new employer wants him to start a bit earlier

like

Anyone heard of NYU-HKUST’s Master of Science in Global Finance program? What are your thoughts?

like

What is WLB balance like at big banks for associates hired from MBA? How many hours per week?

likefunny

Is anyone here familiar with Goldman Sachs interview process ?

like

Has anyone here transitioned from tech consulting to IB? If so, what was that like? What skills were transferrable? Did you get an MBA? What IB firms look for tech backgrounds, if any?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal