U.S Citizen studying finance at a top school in Australia. How hard is it going to be for me to break into US IB?

As the title says I'm currently 2 years into a 4 year double degree at a top Australian university in Finance & Information systems. On track to graduate with a distinction and will have around 2 years of part time work experience at a big 4 in their M&A team (basically tech consulting/due-diligence for carve-outs and integrations) by the time I graduate. I have a US passport so getting a visa won't be an issue for me but I'm aware of the preference of IBs to hire from US target schools and I feel coming from overseas (unless you're going to OxBridge or similar) is going to be much more difficult due to that preference. My question is what do you guys think is going to be the biggest challenge here? Is it going to the fact that I'm coming from a non-US university? And what do you guys think I can do to overcome this?

 

I know a dude who did top BB in Aus (GS/MS/JPM) and lateraled to another top BB in US.
So I would say recruit for IB in Aus and lateral a couple years later. Getting a straight role from Aus is a lot less likely. 

 

Firstly, thanks for the reply. This is kind of where I can foresee the following issues:

1. I have no right to work in Australia, so me breaking in here would require a work visa and most companies hiring for graduate roles specifically state that a PR or citizenship is a must have.

2. Less of a concern than previously but I've also heard that due to the nature of IB in Australia (being very Australian and/or APAC focused) it can be easy to get pigeonholed here if you are not able to lateral out within the first couple of years. Not to hate on Australia but this place is not exactly my cup of tea and as my family is in another region of the world my mid-term goal is to get out of here. 

 

Omnis iusto itaque ut maxime consequatur quos. Aut enim voluptatem vel accusantium maiores eveniet. Aut sequi est quis ad. Voluptatem sed suscipit quas fuga.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • Lazard Freres 06 98.9%
  • JPMorgan Chase 09 98.3%
  • William Blair 03 97.7%
  • Morgan Stanley 04 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (207) $159
  • Intern/Summer Analyst (151) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”