UK
Relocating to an emerging market, from top Big 4 TS practice. Good move?
I work at a top Big 4 european TS practice (3rd year)& I would like to move into IB-Corporate Finance in London. I mainly work for tier 1 UK private equity houses, speak 4 European languages fluently & have an undergrad from a top European business school. To date, my experience has been that recruiters hesitate to proceed with my application due to lack of an ACA and prefer London based candidates, even though they might lack the degree of local market/-language expertise that I can offer european focused M&A roles. I am therefore currently considering relocating to a Big4 in an emerging market, where TS&CF are one dpt. in order to gain some direct exposure to CF, with a view to try for M&A in London when the climate improves. Good move?
Asked by jonathan.fdr
Posted in Switching Sectors and Investment Banking / M & A
14 May 2008
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It definitely sounds like an idea. The only problem will be that the longer you stay in the emerging market, the less exposure you'll be getting to clients in London, which could be a problem if you want to come back and work in a bank. As far as I'm aware, most banks will also expect you to have an ACA if you want to join from the Big Four and you'll therefore still be at a disadvantage compared to those who have one. Another alternative might be to spend a year in the emerging markets role trying to get CF exposure and then go for an MBA at a top business school.
Sarah, Editor. eFinancialCareers 15 May 2008
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