Israel to USA

Ah, the classic journey from local markets to the bustling streets of NYC's financial district! Based on the most helpful WSO content, let's break down your situation and strategize your leap across the pond.

1. University Choice: Both your options have their merits. Studying Econ at Reichman, given its Ivy League model, could provide you with a solid foundation in business principles and a more direct path to understanding financial markets. On the other hand, Math at Technion, with its global recognition in science and technology, could equip you with analytical skills highly valued in finance, especially in areas like quantitative analysis or fintech. In the context of breaking into NYC's IB scene, both paths have potential, but Econ might offer a slight edge due to its direct relevance to finance.

2. Networking: This is your golden ticket. The WSO Networking Guide can't stress enough the importance of building a robust network. Start connecting with alumni from your university who have made similar moves or are working in NYC. LinkedIn, alumni associations, and even reaching out to professionals directly through cold emails can be effective. Remember, it's about adding value and showing genuine interest in their career paths, not just asking for a job.

3. Internships: Gain as much relevant experience as you can. While the IB scene in Tel Aviv might be small, any experience in finance—be it in VC, consulting, or even at startups—will be valuable. It's all about how you frame your experience and the skills you've developed. Internships in the U.S., even if they're in the summer, can be particularly beneficial. They not only provide direct experience but also help you build a network in the local market.

4. Skill Building: Beyond your degree, focus on building skills that are in high demand in the finance industry. This includes financial modeling, valuation, and proficiency in tools like Excel and PowerPoint. The WSO Investment Banking Prep Pack can be a great resource here, offering practical insights and training.

5. Branding Yourself: How you present yourself on paper and in person will play a crucial role. Tailor your CV and cover letter to highlight your unique background, your analytical skills (especially if you go the Math route), and any direct finance experience you have. Practice your storytelling for interviews—being able to articulate why you want to move to NYC and work in IB, and how your background has prepared you for it, will be key.

6. Consider a Master's Program: If breaking directly into NYC's IB scene proves challenging, consider pursuing a Master's in Finance or an MBA in the U.S. Schools with strong finance programs can provide a direct pipeline into the industry, not to mention the opportunity to intern and further build your network.

Remember, while the path may not be straightforward, persistence and strategic planning based on insights from the WSO Academy and other resources can significantly increase your chances. Good luck, and may your journey be as exciting as the markets themselves!

Sources: New York crime getting out of hand?, Why would anyone willingly choose to live in NYC / SF / CHI?, I don’t feel safe commuting to work in NYC, Why not Chicago over NYC?, I don’t feel safe commuting to work in NYC

Based on the most helpful WSO content, breaking into the NYC investment banking (IB) scene from Israel, especially without the traditional "target" school background as understood in the US, presents unique challenges but is not impossible. Here are some actionable steps and considerations based on insights from the WSO community:

1. Choose Your University Wisely: Both options you're considering have their merits. Studying Economics at Reichman could give you a strong theoretical foundation and its model after Ivy Leagues might offer some networking advantages. On the other hand, Math at Technion, given its world-renowned status in science, could provide you with a rigorous analytical skill set highly valued in finance. Remember, in the absence of "target" schools, the reputation of your university in specific fields can play a significant role.

2. Leverage Alumni Networks: Even if the IB scene in Israel is small, use any alumni connections from your university who have made it to NYC or other major financial hubs. Networking is crucial in this industry, and a recommendation from someone within can significantly boost your chances.

3. Gain Relevant Experience Locally: Since direct opportunities in IB might be limited, consider internships or roles in adjacent fields like VC, consulting, or even startups. These experiences can be incredibly valuable and demonstrate your interest in finance and business, making your profile more attractive to potential employers in NYC.

4. Highlight Unique Perspectives: Coming from a small group in Israel and having a non-traditional background can actually be a strength. Emphasize how your unique perspective and diverse experiences can contribute to a global financial institution's operations and culture.

5. Pursue Further Education: Consider a Master's degree or an MBA from a US institution, preferably one with strong placement records in NYC IB roles. This can not only bridge the education gap but also provide you with networking opportunities and campus recruitment options.

6. Networking and Cold Outreach: Utilize platforms like LinkedIn to connect with professionals working in NYC. Be genuine in your approach, seeking advice and insights rather than directly asking for job opportunities. The WSO Networking Guide can offer strategies on how to effectively reach out and build these connections.

7. Prepare Rigorously for Interviews: Given the competitive nature of IB, excelling in interviews is non-negotiable. Utilize resources like the WSO Investment Banking Prep Pack to familiarize yourself with the types of questions asked, from technical to behavioral, and practice your responses.

Remember, persistence and resilience are key. Many have navigated this path successfully by being strategic and relentless in their efforts. Good luck!

Sources: New York crime getting out of hand?, Why would anyone willingly choose to live in NYC / SF / CHI?, I don’t feel safe commuting to work in NYC, Why not Chicago over NYC?, I don’t feel safe commuting to work in NYC