Finance career in Emerging Markets
Hey, there.
I am junior in college and I have a dream of working at / creating my own PE firm that specializes in emerging markets.
I have researched a bit and found there are few big US PE firms engaging in such activity, maybe I am wrong so I will ask you to correct me if so.
I haven’t even started a career yet and I do not really know where to begin. So is there any advice on specific banks, PE firms, or consulting firms that will let me gain skills and network needed to achieve my goals?
And what are the most optimal career paths do you see, that I should take to be most knowledgeable in that matter?
I mean anything, whatever you will think is useful information for structuring my career path, I would really appreciate any help!
I'm going down that path myself. You need to be incredibly self motivated and tolerant to rejection. You are going to have to find small deal teams yourself and cold call. Sell yourself. Identify the sorts of skills you need to succeed according to your envisioned mandate/modus operandi and find directors and teams demonstrating this, then prove your motivation to work there. It also depends on the market. You will need to move to uncomfortable and unknown places, your pedigree will mean very little versus your streetsmarts and overall competence with people and most importabtly, diehard, fly-by-night, borderline crazy self-belief and confidence in everything you do.
I recommend reading the book "Frontier" to understand more about just how different this world is. It goes without saying it is incredibly risky, and depending on where you go and what sort of deals you are talking about it can be startlingly dangerous. My personal belief is that - though there are so many variables that interweave into success in such markets you cannot ascribe a single proxy or portent of likely success - if you are someone who excels in highly structured environments like college, corporate institutions with all sorts of supporting infrastructure and competent back-ends, this is not the best path for you. You will need a very potent and personal motivation for why you are shouldering so much risk, and you will need to be truly adaptable and not in the masturbatory corporatespeak sense but really able to operate with very little.
Good luck with it. I'm a long way from success on this path, but I'm always happy to talk more on it. It's not something often discussed, because you need balls of steel and frankly most bankers are risk averse cowards. Again, good luck and don't take no for an answer.
Thank you for these words, good luck to you too!
What are the names of the authors of the book?
There is an endless number of PE funds investing in emerging markets, what are you smoking
Crack, so I am in no condition to make a research myself.
But jokes aside, could you please provide some examples of specific US PE firms you know of, so I can dig deaper?
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