Considerations for working in the Middle East
Hi everyone,
Some background about my situation: Have spent 4 years in an EBB in London for a strong sector team (Evercore / Lazard). As of this month, I have left my role and do not intend to take any extended career break.
I am considering a career transition to the Middle East, specifically UAE (Dubai / Abu Dhabi) or Saudi Arabia. My ideal placement would be at a leading international HF or a SWF. I envision this move to last for a few years, after which I might return to London or potentially relocate to the US.
I have a few questions and would greatly appreciate your insights and suggestions:
- What's the best way to approach these opportunities? Are there recruiters specialized in this region that you could recommend?
- I've heard concerns about the Middle East being a "career killer" in financial services. Is this still a valid concern, especially given the region's significant presence in the financial markets nowadays?
- I'd also appreciate any insights you could share based on your experience or knowledge about living and working in the Middle East. This could include cultural differences, work-life balance, progression issues for non-nationals, etc.
Thanks in advance for your time and input
Following
I have had colleagues move to SWFs such as ADIA, QIA and PIF. Seem to be active and a good deal overall imo
Thanks for chiming in, definetly seeing a lot of activity globally and especially in Europe. Which is why I wonder about 2), historically the case has been you would not have relevant exposure to European markets at some of those names, but I am not sure that is still true.
Interested to hear more. In terms of career killer, I heard getting into the top 3 MBA school would be easier with ME on your CV? And having an MBA would make moving back to Europe / US easier? Happy to hear diff voices
Thank you for this - I am not sure on this actually and havent heard this before, but would imagine it is one of the sensible routes back
With 4 years you would start as very junior anywhere. The mentality is that comp is based on experience and even 10 years is considered mid-level.
Thank you, that certainly makes sense
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