Breaking into HF/AM from Tech Consulting in BeNeLux
Hi All,
I've been working as an ERP Technology Consultant in the BeNeLux region for about five years now, and this is my first job since graduating. Ideally, I'd like to switch gears and move into Hedge Funds/Asset Management, taking on the role of an Investment Analyst. During my time as a Consultant, I've worked with clients in Retail, Manufacturing, and wholesale businesses, giving me a good grasp of how companies and supply chains function in these sectors. I've also had the opportunity to implement various enterprise solutions, gaining experience in understanding the operations of SaaS companies. So, my dream job would be to work as an equity analyst, focusing on analyzing one of these sectors.
I have a background in Financial Economics, so the investment world isn't completely unfamiliar to me. To enhance my appeal to potential employers, I'm also pursuing the CFA certification. I've successfully passed the Level 2 exam and am gearing up for the Level 3 exam in August.
I am wondering if I could do anything else to make the pivot easier? Assuming visa sponsorship is no problem, how is the Hedge Fund/ Asset Management industry in the BeNeLux Region if I don't know the local language? If the local language would be a big impediment, is it possible to get a job in London with visa sponsorship?
I would really appreciate any insight over this. Thank you!!
Based on the most helpful WSO content, breaking into Hedge Funds (HF) or Asset Management (AM) from a non-traditional background such as Tech Consulting can be challenging, but it's definitely possible with the right strategy and preparation. Here are some steps that could make the pivot easier:
Networking: This is crucial. Connect with professionals in the HF/AM industry in the BeNeLux region. Use platforms like LinkedIn or attend industry events to build relationships. Networking can often lead to referrals which are invaluable in the job search process.
Relevant Experience: Try to gain some relevant experience, even if it's indirectly related to investment analysis. This could be through internships, part-time roles, or even managing a personal investment portfolio.
CFA Certification: You're on the right track with the CFA. It's highly regarded in the investment community and passing Level 3 will certainly bolster your credentials.
Language Skills: In the BeNeLux region, local language skills can be important, especially for client-facing roles. However, for analytical roles, this might be less of a barrier. It's worth noting that in some international or larger firms, English may suffice.
London Market: London is a major financial hub with a more international workforce, and English is the primary business language. Visa sponsorship is possible, but it can be competitive. It's essential to demonstrate exceptional skills and potential value to a prospective employer.
Skillset: Highlight your understanding of supply chains and SaaS companies in your applications and interviews. This specialized knowledge can be a unique selling point.
WSO Resources: Utilize resources such as the WSO Networking Guide, Investment Banking Prep, and Private Equity Interview Prep to refine your approach and prepare for potential interviews.
Remember, persistence and continuous learning are key. Keep enhancing your knowledge about the sectors you're interested in and stay updated with market trends. Good luck with your career pivot!
Sources: How important is knowing a European language for Private Equity in London?, 20 Most Frequently Asked Questions - London Edition, Do you need to speak Dutch to work in Amsterdam?, Living in Asia, Q&A: 2nd Year Equities L/S HF Analyst in Hong Kong
bump
bump
Won't lie to you, it'll be tricky. There's some stuff in NL but since GS bought NN Investment Partners, the industry seems to be downscaling there. Luxemburg has some stuff, but by far most activity is in London. It's quite competitive to get in AM simply due to the limited amounts of spots available. Competition will come from the sell side/other buyside so will be tough. Maybe you should try breaking into the sell-side as a junior by leveraging on your previous experience, but that would require moving to London I guess.
Thanks for your comment. I have been talking to some firms in London, but the conversation comes to a stop when they hear I would need visa sponsorship. So far what I have heard that the job market is tough and hence they would not sponsor visa for an entry level job.
Aliquid architecto qui nobis sit culpa rerum. Quis rerum ex quod laboriosam. Magni est culpa modi quisquam odit tempore placeat voluptas. Veniam cum similique quae id voluptas ab recusandae.
Unde ut tempore expedita saepe illo. Sit ut eum tempore doloribus magni cupiditate laborum. Dolor est quas eligendi quia illum maxime officia. Ad voluptas autem repudiandae.
Itaque nisi iusto explicabo et alias qui. Nam sequi sed officiis. Culpa laborum et velit dolore. Distinctio est dolor libero neque et. Voluptatem asperiores rem officiis quae. Veritatis nobis provident dignissimos nemo quidem magnam. Eius officiis facilis debitis perspiciatis repudiandae asperiores.
Hic architecto qui repudiandae dignissimos molestiae facilis ut. Qui earum et voluptatem corrupti eligendi fugit odit. Eum omnis est doloremque magnam quos voluptatibus autem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...