a Post-Soviet Kid's Dream of IB in North America

I am a 26 YO guy who lives in a post-Soviet country. I graduated from a top Economics/Finance university in the region (target in the region, rings no bell elsewhere) with a 3.0 GPA.

To save everyone some time, my goal is to get a job as an IB or PE analyst in North America (NA). After that, I'd like to transition to PE (if not having the opportunity to do it right away). My question for you is: is it at all possible that IB/PE firms would even consider me? Starting as an intern/summer analyst is not an obstacle for me. Lets also assume that visa issues are not of importance here (although if you have something I should definitely be aware of, let me know).

Work experience (experience-wise going from 1 to 3):

  1. 1yr as a tax advisor at a Big 4: various projects
  2. 2.5 yrs at a real estate development company:
    1. 6mths as an FP&A analyst before being promoted (pretty much the same as the manager position with less accountability);
    2. 2yrs as the local FP&A manager (more like the local finance manager) in a listed Nordic parent, responsibilities: market research, some modelling (mostly basic), budgeting, finance structuring for future projects, management accounting and reporting, ERP;
  3. 1.5yrs as an analyst/controller at a state-owned NPI (google: npi finance meaning) in the VC/PE department where the NPI acts as an LP (google: limited partner private equity) with a little over 100 mEUR AUM, responsibilities (before I start naming stuff, keep in mind that, even though an LP, the involvement is more direct in the funds than in a regular LP, since it is public money): review of valuation models used by funds (checking everything, from the risk-free rate used to revenue/profitability forecasts), internal controls (aligning capital accounts/values with accounting), a ton of ad hoc reports and presentations to various stakeholders, market research, CRM with funds.

Why NA? There are few reasons:

  1. Scale: deals done in the region are tiny if compared to NA (some of the biggest deals wouldn't even be considered MM);
  2. Difficulty: just by looking at some decks, the sheer complexity I'd argue that 1 year in NA would be comparable to 2 years in CEE experience-wise (however, the gap seems to be narrowing with time and some knowledge spillovers);
  3. Geography: tied to the difficulty point but I think it's generally known that NA, especially the US, is considered THE place for that;
  4. Income: not the most important factor, but it is definitely greater;
  5. Experience: exposure to different culture.

I understand that the BB firms might be off-limits, but that is not the only group of companies out there. And no, I do not have a Slavic accent, we grew up mostly consuming Western, especially American, media and news. I do watch and read a lot of materials about the industry, including WSO, and I am more or less familiar with the slang, geography of the top firms, salary expectations, CoL in different cities etc.

Sorry for the long post, I hope that it wasn't too troublesome but there is not much information out there about my kind of situation. I also understand that it would probably take a hell of a lot of emails but I am just wondering whether NA-based firms would consider me as a prospect. I am also aware that I may be wrong about some things, such as experiencing a different culture – might not be what I expected, but I would like to give it a shot. 


P.S. I cant use hyperlinks as I havent posted enough before, so I just put ''google this'' in the brackets for context.

 

Ad et corporis veritatis. Et illo perferendis dolorem in. Voluptate quis in sed reprehenderit.

Doloremque reprehenderit consequuntur ut ipsa dicta odio ipsam neque. Ut maxime totam quia consectetur est eos. Repellat magnam aliquid rerum et sapiente rem totam. Officiis laborum fuga officia eaque. Id labore ullam distinctio qui consequatur saepe. A consequuntur quam voluptatem accusantium et sunt.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”