Need some help.
Hey guys,
I need some help from you guys.
I am an international student who recently graduated from college. last summer, I worked my butt off to network and eventually received an SA position from a local M&A advisory firm. The firm is small and I was the only summer analyst there. during my internship, the deal flow was slow. I got involved in a $21M acquisition transaction and created a transaction model. However, I was not asked to do any pitch book or any memorandum. When I was there, I didn't receive any formal training as you could imagine. Therefore, I was not able to understand everything while i was dealing with the acquisition transaction/ corporate valuation. the MDs there werer extremely nice. We ended up being good friends.
A few days ago, I went to visit them and since I was not able to find a FT job in Investment banking they offered my a FT position there. However, they are unable to support my working Visa. I could only work there for a year. what concerns me now is that, I might not be able to receive a lot of assignments and i might not be asked to produce any pitch book or anything like that. Would I still be able to leverage this work experience a year later to find a FT analyst position in a middle-market Investment bank?
What's your alternative? If your goal is another IB job in a year, this would seem like a solid route. And the "unable to support my visa" would be easily explainable in an interview.
If you are friends with the MDs, you should be able to express your concerns about not getting enough training. I would also assume they'll be understanding when it comes to interviewing for your next position.
Yes, you probably will be at a disadvantage in the latter months when they know you are leaving - they'd be more likely to staff someone else who will be there rather than give you the work then have you depart.
I worked at a small IB where there was no formal training too. I talked to my friends at BB firms about their experience to see what I wasn't learning at my firm. I never had a need to run an LBO model at my job (we did small, private company M&A), but I made sure that by the time I left I could build/understand one.
Hey Grosse,
Good points. Thanks for you thoughts.
They wanted to offer me a permanent position if they are able to get several good deals done ( I will keep my fingers crossed for that). At this point, it is hard to tell. Like you said, I will probably try to learn as much as i could from the work so that when other interviews come i will be able to deal with them.
I believe that you can offer to pay for some of your sponsorship?
Not familiar with your specific situation; however I'm in NY and some friends are from Sweden that graduated before me. They have found jobs, and one talked to his employer to see if he could pay for part of his sponsorship (or receive a wage reduction to pay for it).
Not sure how that worked, but worth a try I think.
Hi Streetwannabe,
I don't think they are able to offer me that at this point. Maybe, by the end of the year I will talk to them about the idea. They also told me that they would send my resume out to PE firms they know.
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