I want to work in sovereign advisory

I really want to work in sovereign advisory at Lazard or Rothschild somewhere down the line. Fascinating stuff and seems like a business that could (and should) easily be expanded, given money matters a lot less to sovereigns than to individuals or institutions.

But two problems: First these groups are largely based in Paris and I have no imaginable connection to France and don't speak French. Second there's hardly any literature out there aside from a handful of articles, and I certainly haven't found anything on breaking in. Only relevant thing I've seen is this thread (/forums/sovereign-advisory-lazard-rothschild-others) with 1 reply, which suggests my best bet might be IB -> HBS/HKS joint degree. But that's easier said than done.

So..... if anyone has any relevant insight I'd appreciate it.

Btw my background: sophomore at target (in America)

 
Best Response

These groups are insanely difficult to get into. Students they hire usually speak French and have a double degree in both Economics/Public Policy and Finance. Having experience in FIG/DCM FIG is a plus. Interviews include questions about macroeconomics (e.g. “what is the uncovered interest rate parity”), national accounting (C+I+G+X-M), corporate finance, valuation and some markets questions (how do you price a forward rate etc.). So you have to be very well rounded.

 

I know it’s been 4 years lol but can anyone here make an educated guess as to why a DCM FIG experience is a plus?

I’m exploring a Sovereign Advisory career path down the line, and I just got a DCM internship, and still need to choose the industry group (Corporates, FIG or SSA).

I thought SSA or at least Corporates - definitely not FIG - would give me the most transferable skills for Sovereign Advisory, but maybe I’m wrong?

 

Hello, I would also like to get information on how to prepare for an interview for sovereign adivsory groups? If anyone has ever been through the process ?

Victor Pierramonte
 

Any chance anyone has any insights on the recruiting process for these groups? French student here interested in Sovereign Advisory, with a public policy and finance dual degree trying to figure out how to prepare for the interview process

 

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