Latin America M&A and Restructuring: Family-Owned Businesses Meet Sovereign Defaults?

7 Comments | Investment Banking - South America

Latin America M&A and RestructuringIf you want to work in finance and never get bored, there’s a simple solution: go to Latin America.

Or at the very least, work in a US-based coverage team for Latin America.

You’ll get to deal with stubborn business owners with delusions of grandeur, unreliable information, and even the occasional sovereign default.

On the other hand, it might also be a good way to get a work visa for the US – especially if you’re from one of the countries covered by these groups.

Today, a reader shares his story of getting into a Latin America M&A and Restructuring Team, what it’s like advising on deals in the Caribbean, and yes, even what to do if you’re an international student seeking a work visa right now:

Arriving in Latin America

How to Get Into Private Equity in Russia, and What to Do Next

12 Comments | Private Equity & The Buy-Side - Groups & Regions

Russia Private EquityOut of all the country-specific articles I’ve published, the one that generated the most controversy – by far – was the one on investment banking in Russia.

No one could agree on the salaries and bonuses paid by different banks, whether or not you need to know the language, or even how much vodka you have to drink to understand the industry.

So I decided to jump back into the well of controversy once again, this time focusing on how one reader made the transition from audit to investment banking to private equity in Russia

…and how the finance industry there has been affected by “recent developments”:

From Business School to Audit to Investment Banking Startup

Why Do Private Equity Firms Recruit Young Bankers in a Frenzy Each Year? And What Should You Do About It?

6 Comments | Private Equity & The Buy-Side - Networking

Private Equity Recruiting Season“You HAVE to accept the offer,” she shouted on the phone.

“But why? I’m not sure I even want to do private equity in the long-term,” I replied.

This was a guaranteed way to get a headhunter pissed off at you: go through multiple rounds of recruiting, get everyone at the firm to like you, and then have second thoughts at the last minute.

“You don’t understand,” she said, “Everyone in investment banking has to go into private equity. It’s just something you have to do.”

“But why?”

“It’s the only way to get into business school, and everyone does it. So you also have to do it.”

“So even if I want to do something else, like start a company, I have to work in private equity first.”

“Yes.”

No, it’s not fiction: it’s the short version of the conversation in which I stopped believing headhunters on just about anything

…and it also explains why so many people think they “have” to enter a certain field or “have” to do certain things at certain times: everyone keeps repeating it and no one else stops to ask, “Really? Why?”

This headhunter was just plain wrong, and so is another oft-repeated notion that pops up each year: that “all private equity firms are recruiting all junior bankers in a frenzy… after the junior bankers have only worked for 6 months!”

Fact vs. Fiction: Don’t Believe the NY Times / WSJ / FT / Other Mainstream Media Sources