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Old 26-05-2020, 05:32 PM
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Chiming in as a PE then to VC with CAIA cert (under 5 years of exp) to provide some information who genuinely wants to break in.

A lot of opinions but no solid numbers to back it up. Bear in mind some trolls around.

Let's just put things in perspective. The amount of people high finance hires is so staggering few. Even for a big corporate, their VC team is only a handful. PE houses will be a better choice. If can't break in - try the family office route which will be long-winding to reach your goals.

Salary Landscape 2018/2019 for Buy-Side Sell-Side


So far quite accurate on the range depending on the size of the fund. The numbers are also consistent with my industry contacts. But outliers exist of course, but the point of this forum is not to talk about Superstars.

An IBD will certainty start at 8k++. I think overseas bank can offer 5 digits. VC pays much lower but better hours. Buy-side works lesser hours for sure. Bigger funds probably work until 8-11pm. It varies. MBA helps but in this Covid19 climate, IPOs activities will be further dented which affects IB directly.

Breaking In

If you want to break into VC try joining a start-up in a hot industry in a role which deals with acquisitions or finance. I broke into VC cause I already have PE experience. Having relevant experience makes life so much easier.

Equity research usually if you have Big4 experience with good skills on modelling and writing - they will hire you. But the pay isn't great (on regional/local banks level) and nobody pays for research these days. I think if you exhibit good writing skills and analytical ability, they will hire you. It's not too difficult. I seen moves from ER to buy-side funds.

I would not recommend back office as these functions probably won't be there in 20-30 years time unless that role requires niche knowledge and personal touch (akin to a Lawyer).

MBA is of course useful but most of the people I've seen ended up in Consulting which isn't that bad besides the travelling.

Age is a Concern

Bare in mind after 30-34, it will be more challenging to transit from a non-relevant career track to investment track unless your previous job scope involves significant investment or portfolio management involvement.

Taking up CAIA or CFA is helpful. These designations are purely marketing for yourself when HR sorts through the resume.

This forum has a particular penchant on making those top few jobs very "mainstream" which creates mismatch in expectations for job-seekers. Your mileage may vary good luck.

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