Tough Spot! help!

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Anonymous Monkey

Hi everyone,

I just created an account a couple of days ago after finding a lot of inspiration and useful information from other posts and comments made on this site. However, I want your honest opinion regarding my situation, which is as follows:

I am a 28-year-old Argentine student, currently about to finish my studies at a top university, here in Argentina.

I know English quite well, I feel I just need to tune it up and perform the TOEFL test just to prove it.

Now comes the hardest part, and that is I know I am in a tough spot, I am about to graduate from a nontarget, non-US, non-English speaking university (even though it is the top university in Latin America, I know this matters little). I know it is a long shot to even land an interview at an investment bank or even a Hedge fund (because i could relocate with no problem), but the reality is that my school is not well known in wall street. And my GPA is not that great.

So I need advice on what would you do in my position. And for your consideration, i was thinking about applying at one of the top banks branches here in Argentina (For example: JP Morgan, GS, AMEX, UBS, HSBC) and then possibly ask for a transfer to ny if i perform well (is this possible?). Also, would it help to work at a consulting firm as a way to build experience, say at McKinsey or BCG here at Buenos Aires?

I think that's what keeps me up at night sometimes. It feels like school prestige is very important in wall street, but are my options too thin? I know there HAS to be a way, I would do anything to start my career in a WS IB, but what I have in my hands, my career and the country I come from, that I cannot change.

Thanks.

Comments (8)

Sep 19, 2018

Go on Linkedin and search for school alumni currently working in IB in your country. Do some networking, cold message and reach out to them. I assume you still need someone to push your resume in Latin America's IB recruiting.

If you land an IB gig at your country, save money for a few years and then do an MBA at US. Then you can go for Summer Associate at banks in US. There's a slim chance you could transfer from Latin America office to US.

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Sep 19, 2018

Hi Luketr, thanks for the reply. Regarding the MBA, do you think it could "overshadow" my undergraduate degree? i mean, in the sense that it could maybe weigh more in the eyes of a recruiter?

Sep 20, 2018

At that point yes, you're MBA will be the education an employer looks at more than your undergrad.

Sep 20, 2018

Best shot in the short-term is to start working in the local IBD of one of the US banks and apply for an internal transfer. I have seen it been done before in Brazil (for JPM). Some teams have a mixed LatAm coverage (local and from NY) and you could try that angle.

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Sep 21, 2018

Hi, thanks for the feedback. That definitely sounds like something i could do. In argentina we have JPM and GS, so there is a chance

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Sep 20, 2018

Either do IB in your country, since you said that your school is the top in your country, you have a good shot there.

Or you can try at the boutique US firms and eventually try to get into the BB firms.

FYI a lot of people go into IB with the eventual exit strategy in mind of going into PE or HF.

If you have a shot, you can also try PE/HF in your country.

Good luck

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Sep 21, 2018

Regarding exiting IB and going for a HF later on, is this strategy common in the industry? If so, why is that?

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Sep 21, 2018
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