Moving to the Southeast - Any advice for job hunting

So I am looking to potentially move to the Southeast for family reasons and starting my job search with the goal of being down there by year end to March next year. I am currently looking for any advice on head hunters in the area for PE/VC/HF work...please let me know.

 

Depending on where you are you are likely to find the market pretty insular. For example Florida is characterized by middle market companies, banks, there's not a huge finance scene, everybody knows everybody. People went to targets or to top local schools. NC has a fair amount of sell side firms, dominated by Wells and BoA, as well the firms that spun out of them. Again mostly targets e.g. Duke, Carolina and wake to a lesser extent. My suggestion is to look into real estate, corporate banking and the like. Traditional high finance isn't as big here as in NYC

 

Extremely hard with very limited shops out there. Most shops don't have any analysts at all and the ones who do pay is pretty low. GT has a investment fund thas pretty big but the guy who ran it for two years still couldn't get a job after running it.

 
Best Response

Search this site for some more answers, there are some really informative threads by people in the industry.

VC is probably the toughest thing to get into in finance, at least right now. There simply aren't that many outside of the big institutional players of the Bay Area, Boston and NYC that employ many people at all except for the Principals, and those that do exist just don't need that many people to run them like the above post stated. Most of the funds outside of the big areas are small and invest in early stage companies so there's just not that much analysis or diligence work to do-three partners can run $50-$100MM with a secretary and basically like an idea or not. And to get into the big ones in the Valley or Boston you pretty much need to go to Stanford or Harvard, maybe Wharton. And it's probably not a career track because most VC's want incredible industry experience, you having had started up and successfully exited a company, you're a serious finance baller with lots of experience in a top group at a top IB and have a great network or you're a top Valley lawyer with a great network.

As an incoming freshman, why do you want VC? Do you really know what it really is or does it just sound cool, and don't take that in a demeaning way? Search around this site and take a look at the different areas of finance and consulting. And concentrate on getting good grades in college. And have some fun.

 

Somewhat similar to banking - there are opportunities but firms are smaller. Many of them are focused on a particular industry. For example, Clayton Associates and Council Capital in Nashville both focus the majority of their efforts on healthcare companies. A lot of times there aren't many opportunities at the junior level as well. HIG has a decent growth equity presence in Atlanta, and they hire junior guys. Most of these cities also have a decent angel network.

 

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