Transitioning from IB Dubai to NYC

Hello,

So I am a rising senior at a target school. Due to my Arab background, I think it would be much easier for me to land a full time IB position in Dubai.

However, I would hate to have to stay in Dubai forever.

I am wondering, is it difficult to transfer from Dubai IB to NYC after 1-2 years working in Dubai?

Ideally, I would be landing a position at a BB, so I would have a prestigous name, just not an NYC office.

Any advice would be generally helpful. THX

 
 

Why not try to start in the US since you’re at a US target? It’s hard, but by no means impossible for internationals. If you want to be in New York, cut out Dubai and/or London as the middleman.

 
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Best bet would be to transfer internally as was mentioned, but if you go to a target in NY then why not directly recruit for NY roles?

Banking in Dubai / Middle East is not a great experience, limited deal flow, small teams, sweat shop culture, basically all of the banks in the region pitching for the same handful of mandates, and not particularly respected internally within the firms. It’s a niche region and I would expect you would also get lower priority in terms of transferring compared with the larger offices (Other US, London, HK) which are much more connected with NY. Dubai offices are usually generalist and report to EMEA / International head, so they are not really part of any of the conventional “groups,” whereas someone in London TMT would have some overlap with the NY TMT team.

 

Interesting read, thanks for the comment.

Would you say there are no opportunities in the industry for someone wanting to work in the region? What would working in one of these investment banks look like for someone who is looking to build a career in the region due to background?

 

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