MBB Principal here. Looking to pivot to a Fundamental L/S Equity pod in Dubai / AD
Strong sector expertise in Asset Management / Payments. I’m done with the advisory side; looking for P&L responsibility and buy-side risk.
Few questions :
- Seniority: Is a "Senior Analyst" or "Associate PM" entry feasible, or am I looking at a total reset?
- Headhunters: Who is actually moving people into the DIFC pods (Millennium, Citadel, Point72) right now? Local boutiques or the standard London shops?
- Comp: Is the tax-free Dubai uplift as significant as rumored for senior MBB pivots?
Appreciate any insights
Total reset, you can’t make money so no one is taking you as a senior analyst or pm
Good luck, looking for similar pivot as well. Another data point I heard from someone in the know there is that the UAE is looking to add income taxes in the coming years, still won't be anywhere near likes of London but won't be completely 0%.
You’ll take a haircut vs London in gross base salary but there’s obviously the tax benefit. You should get a relocation bonus but guarantee unlikely as you’re moving from a sell side role.
I don’t mind the haircut of course
If I relocate in Dubai with BCG I ll be around 500k€ after tax. I do not want to go bellow 250k€ in HF
Not sur if it is feasible..
Would expect around $200k for Dubai. MLP base salary is around $150k for almost everyone. Then bonus dependent on performance but unlikely to exceed the 500 you mention for the first 2-3 years.
0 chance of "Senior Analyst" or "Associate PM" when you have 0 exp in even idea generation, let alone owning P&L/putting on risk. I don't know what headhunters handle Dubai but for the funds you mentioned they all have BD/talent folks you could reach out to for a shot at testing into an An1 pod spot. Income tax uplift is legit, but you won't get one because you'll be taking a pay cut since you have to start from the bottom of the analyst hierarchy.
Well this is going to be an humbling experience…
Think of it this way - 1 step back for potentially 2-3 steps forward. The upside potential blows consulting out of the water if you have staying power.
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