Regional PE or BB in emerging market
I had a question which I hope someone might have an answer to.
I've been working in Investment Banking for a notable firm in an emerging market for the past 1 yr. Lately some of our top ibankers have left for our private equity division, and I have been invited to join one of the new funds. Please note, funds under management are limited; slightly less than USD 500 mln [which is decent for this region].
Over the past year, numerous top institutions have opened offices here to take advantage of some of the excess liquidity in the region and have been doing well in terms of advisory.
Now my question is this: In my shoes, would you make the jump to PE as an analyst, work for 2 years and then go to grad school? Or try for one of the more prestigious firms and stay in ibanking? Which would be the smarter long term career decision?
A final alternative I am considering is moving to Canada (as I can legally work there) and trying for a bank-owned firm or multinational over there within IB.
Any input would be appreciated.
Thanks all
Ok, not knowing which emerging market makes this difficult, but in principle, you should definitely make the move to the pe arm.
"Living the dream 24/7 on http://theallnighter.blogspot.com"
go to the PE arm. you can always interview at other top PE shops after 1 or 2 years at the PE arm or move onto bschool like you said, although 3 years total experience is prob on the low end for bschools.
ibanalyst - 3 years is not necessarily on the low end for this type of experience...most top schools HBS, Stanford, Wharton are willin to take bankers after their 2-3 analyst stint and PE experience is even better
Well, from what i have both seen and heard, the average age for a bschool student is 28 which equates to 4-5 years post college experience. maybe saying 3 is on the low end is false however...
Do chances of getting in assuming top GPA, 700+ GMAT, 2 year analyst stint in the M&A group at not GS/MS, but right below that along with 2 years at a middle-market PE shop (manages $1BB in assets)improve? If not those 2 schools, I assume Chicago/Columbia are a bit easier.
I'm assuming there's tons of people with similar credentials, so what's a way to distinguish yourself? I was the president of my fraternity my senior year, involved in few clubs for my major, and participated in intramural sports. I plan to do some volunteer work once I make the move to PE.
Quia temporibus sit minus eius. Aliquam voluptatem ipsum atque laboriosam architecto dolorem blanditiis sit.
Tenetur nihil rerum vitae possimus et. Neque officia voluptatum explicabo molestiae. Reprehenderit consequatur quaerat cumque quis. Eum eius fugit odio a velit. Omnis tenetur ut ut.
Est velit enim sed quia placeat et. Quasi natus iure voluptatibus at laudantium voluptatem natus. Est dicta ratione eius et officia nisi. Et vero rerum architecto et dolorem. Sint sequi eos rerum ratione sed. Dicta autem ea corporis sed exercitationem est. Porro suscipit nisi voluptas mollitia dolores occaecati omnis.
Nihil eveniet blanditiis in tempora iure ad. Esse porro et dolorum voluptatem.
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...