I want to prepare myself for the next few years, beyond just getting into IB. What knowledge/skills would be most useful to learn ahead of time?
It is difficult for me to allocate my time studying when I'm unsure how useful the information will be to me in 10 years. My current approach has been learning a range of different industries I find interesting (eg nat res, energy, transportation, healthcare, infrastructure), different countries (Middle East, Russia). Is there a benefit in being knowledgeable in industries and markets outside of your fund strat and focus?
I've been reading through a book on the laws of private investment funds, but is this a waste of time? When you are opening up a new fund, you will just contract a lawyer from Walkers. I also have a book on the law and practice of international capital markets, but I imagine unless you're in securitisation or a lawyer in capital markets, there is little gain.
I have dismissed learning another language because of the difficulty of business fluency. However, on this note, would clients not appreciate someone who can speak on a conversational level in their native language?