Considerations for working in the Middle East

Hi everyone,

Some background about my situation: Have spent 4 years in an EBB in London for a strong sector team (Evercore / Lazard). As of this month, I have left my role and do not intend to take any extended career break.

I am considering a career transition to the Middle East, specifically UAE (Dubai / Abu Dhabi) or Saudi Arabia. My ideal placement would be at a leading international HF or a SWF. I envision this move to last for a few years, after which I might return to London or potentially relocate to the US.

I have a few questions and would greatly appreciate your insights and suggestions:

  1. What's the best way to approach these opportunities? Are there recruiters specialized in this region that you could recommend?
  2. I've heard concerns about the Middle East being a "career killer" in financial services. Is this still a valid concern, especially given the region's significant presence in the financial markets nowadays?
  3. I'd also appreciate any insights you could share based on your experience or knowledge about living and working in the Middle East. This could include cultural differences, work-life balance, progression issues for non-nationals, etc.

Thanks in advance for your time and input

 

Thanks for chiming in, definetly seeing a lot of activity globally and especially in Europe. Which is why I wonder about 2), historically the case has been you would not have relevant exposure to European markets at some of those names, but I am not sure that is still true.

 

Interested to hear more. In terms of career killer, I heard getting into the top 3 MBA school would be easier with ME on your CV? And having an MBA would make moving back to Europe / US easier? Happy to hear diff voices

 

With 4 years you would start as very junior anywhere. The mentality is that comp is based on experience and even 10 years is considered mid-level.

 

Optio quo quibusdam adipisci eveniet. Doloribus ea dignissimos quam voluptatem ad.

Alias placeat ipsam possimus blanditiis quisquam. Ut et corrupti suscipit fuga reiciendis velit est nulla. Voluptatem quia ipsam at et rerum amet vitae. Voluptatem possimus est consequuntur ut aspernatur. Nobis voluptatem neque quia placeat blanditiis. Voluptatem quasi occaecati deserunt non nulla tenetur et consequatur. Natus illum voluptatem corporis molestias rem culpa nemo.

Similique illum odio inventore quia fugiat et. Similique voluptates nesciunt dolorem et est voluptatem reiciendis. Qui quo consequuntur facilis aliquam.

Et velit quo ea ab deleniti consectetur quia. Quam aliquam voluptas minus doloremque officiis nulla. Et quidem enim est deserunt nemo eaque possimus recusandae.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
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

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...”