Is it a good idea to move to Romania to get IB experience?
Hey gang. I was born in America, but my parents immigrated from Romania back in 1996. I speak fluent English and pretty good Romanian.
My plan is to finish my BS in finance. Then to fly to Bucharest and land my first IB job. I'll do it for 2 years, then I'll move back to America and leverage my experience to get a job at a Hedge Fund.
I think I'll especially stand out because it's quite random to have work experience in Romania.
For now, I'm eyeing "European Investment Bank" in Bucharest.
Smart idea or what? Does anyone here have experience with IB in Romania? And how did it compare to IB in America for those who did both?
You have an American citizenship right? If you have it, I don't know why you would go back to your local country unless for personal reasons. If you personally like the country, just join a BB, climb to the top, and then transfer / set up an office there. I'm sure it is very hard to break in back to America as the deal experience will be very shallow compared to that of the US.
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Bad idea but if you do well and stay in romania i bet you can live like a king.
Sounds very risky, but the amount of risk you can take on also depends on your undergrad pedigree and how far that can take you in the future. Where are you doing your degree?
UCLA
Da, foarte bine!
Salut!
Crezi ca ai avea timp sa imi raspunzi la cateva intrebari pe privat legate de jobul tau de acum?
Multumesc.
This is a retarded idea
Lol Fr
No, it is absolutely not a good idea. If your goal is to work at a HF in the US, why the hell would they care for experience working at a quasi-government institution like EIB making loans to finance roads or water treatment plants in Eastern Europe?? If you wanted to work for the IFC or eventually Project Finance at a real bank, then maybe this would work. But EIB would not be considered IB experience and Eastern Europe is probably one of the most irrelevant markets for a finance career. Absolutely would not be a route to a hedge fund at all. Also consider the fact that professional salaries in a country like Romania would probably be in the ballpark of $10-30k/yr.
This is one of the more stupider ideas. As someone from an Eastern European country I would say don’t be stupid brate
Lmao I forgot I had posted this and thought this was a new topic.
I had literally typed out a response 95% similar to this one
People don't want "random" work experience, they want dependable work experience. Romanian IB probably will not cut it
Bro, I'm pretty sure there isn't even IB in Romania.
There is some, but it's nothing like in countries with developed capital markets. As far as I know, BCR is the biggest player and has investment banking via the Erste Group, an Austrian financial services company that offers everything from commercial and investment banking to private and asset management.
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