Investment Banking in Mexico: Win Bulge Bracket Offers Without an MBA or Previous Finance Experience?

11 Comments | Investment Banking - North America

Investment Banking MexicoThe finance industry in developed markets hasn’t exactly made a strong “recovery” post-financial crisis (if you want to be bold and label it a “recovery”).

Sure, hiring is up and more deals are getting done… but most teams have not expanded quickly in major markets like the US and UK.

But banks have been growing quickly in one country: Mexico.

And you don’t even need an MBA, CFA, or much previous finance experience to break in.

It’s also one of the few emerging markets where being a foreigner might actually help you.

You could even start out in commercial banking, get bored within 6 months, and then network your way into investment banking at a top bank – like our interviewee today did:

Whither Commercial Banking?

Infrastructure Investment Banking: How to Buy and Sell Airports, Stadiums, and More

9 Comments | Investment Banking Groups & Regions - Industry Groups

infrastructure-investment-bankingFrom our coverage of public finance (Part One, Part Two), or “municipal securities” as it’s called at some firms, you learned all about issuing bonds and responding to requests for proposals (RFPs).

And if DCM and the capital markets are for you, public finance is a great place to be.

But if you’re more into advisory – working on actual M&A deals – then you should take a closer look at the infrastructure investment banking coverage group, which is what today’s feature is all about.

You still get to take your interest in government/political science and combine it with finance…

But now you’re running all the standard M&A analyses on airports, stadiums, power plants, highways, and more – rather than on industrial or commercial companies.

And you may even earn higher fees in the process (warning: fees not guaranteed, void where prohibited).

Here’s what lies ahead:

  • How to get into the business of public finance acquisitions.
  • How to think about the sector and the key valuation drivers.
  • How to value companies that specialize in public infrastructure: power / utilities, parking systems, bridges, hospitals, and more.
  • Where to go after giving back to the public sector in a finance role.

How to Get In: Fit for Government Work?

How to Achieve a Net Worth of $100+ Million USD Without Working 80-90 Hour Workweeks: An Interview with Richard Koch

25 Comments | Recruiting Mindset

Richard KochIf you’re reading this site, there’s a good chance that you wouldn’t mind being worth at least $100 million USD one day.

And while you’re willing to work hard to get there, you’ve probably also realized that working investment banking hours for the next 20-30 years is unsustainable.

If that’s you, then today’s interview with Richard Koch is right up your alley (yes, that’s a link to his Wikipedia entry).

This is unlike any other interview on the site – even those with senior bankers – because it’s with someone who has had a successful 40+ year track record in business.

Among other things, he:

  • Worked at BCG and Bain, became a Partner at Bain, and then founded L.E.K. Consulting, which later grew to 1,000+ consultants.
  • Wrote over 20 books on business, personal success, and philosophy, including The 80/20 Principle, which sold over 1 million copies.
  • Became a successful investor and returned between 5x and 53x his capital in numerous private equity investments.

So it’s safe to say he’s accomplished many of your own goals.

We chat with him about all of that, his advice to recent graduates and current students just starting out, and what it takes to start your own firm and become a successful investor:

Management Consulting: Got Transferable Skills?