Getting an investing role in UAE / other middle eastern countries - how did you do it?
Hi everyone,
I'm interested in looking into roles in the middle east (particularly UAE) and am curious to see if there are any monkeys out there who had accomplished it / how you sold your story if you have no direct ties to the middle east/don't speak arabic?
I've always been interested in working abroad (my parents are both immigrants, so I have fewer familial ties to the US), and I've read that firms in the middle east can be interesting and has legitimate benefits (despite the downsides). I've applied to a few roles online, but have gotten relatively little traction. My guess is because they see no direct ties to the region and instantly ding me.
How did you guys actually demonstrate your interest? were there specific recruiters that you used? how did you frame your stories?
Additionally, would love any info on the comp packages, which I've heard can be quite lucrative. What's the breakdown between: 1.) salary; 2.) bonus; 3.) housing allowance; 4.) expat allowance (what is this?) 5.) other benefits?
Hey there,
Getting a role in the Middle East, especially in the UAE, can indeed be an exciting opportunity. It's a vibrant region with a lot to offer. Now, let's dive into your questions.
Demonstrating Interest: It's all about showing your genuine interest in the region and its markets. You can do this by gaining knowledge about the region's economy, culture, and business practices. You can also try to learn some basic Arabic phrases, which can be a plus.
Recruiters: Some of the large players like ADIA, QIA, Mubadala, KIA, and PIF hire through more structured processes, often using global recruiters. So, reaching out to these recruiters can be a good start.
Framing Your Story: It's important to highlight your unique skills and experiences that make you a good fit for the role. If you have experience in sectors that are prominent in the Middle East like Financial Services, Pharmaceuticals, Textiles, etc., make sure to emphasize that.
Compensation Packages: Compensation can be pretty attractive, more or less in line with a MM /UMM US fund but with limited taxes. The breakdown usually includes salary, bonus, housing allowance, and other benefits. The 'expat allowance' typically covers the additional costs associated with living abroad, like travel expenses, cost of living adjustments, etc.
Remember, each organization is unique, so the specifics can vary. But I hope this gives you a good starting point. Good luck with your journey!
Sources: https://www.wallstreetoasis.com/forum/investing/investing-in-the-middle-east-101?customgpt=1, Non US/Europe IB/PE Overview
bump
double bump
Recruiters reach out on LinkedIn - comp depends on your country of origin
do you know which recruiters?
PER
Have you worked in UAE? would love to learn more - can PM if better.
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