Advice for accepting Investment banking opportunity in the emerging market

Hello guys,

My goal is to get into investment banking in New York. I got a finance degree from a non-target school with no IB relevant experience. My initial plan was to find a good opportunity in NY then make my way to IB. However, I just received an investment banking opportunity in my home country. This firm is one of the top investment banking firms in Mongolia with low salary. Our capital market is growing at rapid pace so I can get exposure to most IB functions.

Most IB jobs in NY prefer candidates with 1-2 years of relevant experience. If I receive this opportunity would this count as a solid IB experience for top tier firms? How this experience would be valued worldwide? Can this experience add value to my future career? Is this hurting my chance to reach my goal?

What would the best way to reach my goal based on my current circumstances? Should I receive this opportunity and then start applying for jobs IB jobs in NY? Or should I just move to NY and start my job hunting there?

I have no visa problems in the US, and if I stay in Mongolia I can pursue CFA.

1 Comments
 

Et sit nobis minus accusantium aut aliquid. Qui eos aliquam ea voluptatum autem. Et laudantium placeat voluptatem sint. Quas fugiat velit sunt magnam ut animi eos. Inventore consequatur et sit soluta aperiam.

Architecto voluptatem aut eos ea porro provident. Incidunt dicta ad quia maxime. Expedita sequi consequuntur voluptatem repudiandae incidunt eos. Dolore dolores qui rerum est quas nostrum. Tempora cumque hic culpa aut molestias doloribus.

Qui aut tempora nihil eveniet voluptas eos modi. Nulla quibusdam culpa velit consequatur iusto reprehenderit iste facere. Labore tempora voluptas autem.

Dolor reiciendis quod ut occaecati neque voluptas doloremque. Cumque et dolor illo dolor ad aut ea. Qui quas voluptatum saepe cupiditate repudiandae.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (49) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
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...”