IB in CDMX
Hi everyone,
I'm currently an incoming analyst at a European BB (DB/Barclays/UBS) in their NYC office. I'm interested in living in Mexico City down the line and was wondering if anyone has exited from a NYC office to a role in Mexico City, or transferred within the company to their Mexico City office (for the banks that have one). Really curious about the IB comp and culture/hours in CDMX and the market for PE/HF/VC. My group has a strong LatAm pipeline and I got to work with the LatAm team within my coverage group for my summer which should continue for full time. I am also fluent in English/Spanish so language barrier shouldn't be an issue aside from learning finance lingo in Spanish. If anyone has insight on the above or advice on how to make the move I would greatly appreciate your insights. Thank you.
not worth it bro - same hours, arguably worse office culture with shit comp compared to US (although you will still live a pretty good lifestyle bc of low CoL). Also, there will be a cultural barrier if you're not a native Mexican/from LATAM imo. If you want to do Latam deals, lateral to a Latam team in the US and you will get very similar experience with much, much better compensation
Appreciate the response. Do you have experience with working in Mexico City? I believe the pay is significantly lower but I did think the hours would be better. Also, I definitely understand that there is a cultural difference even though I can speak Spanish, but I’ve spent a lot of time in Mexico since my whole extended family is there so I’m hoping my familiarity with the culture will help me adjust. And like you said, COL is much lower which is why I’m ok with a pay cut (within reason).
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