Associate Lateral / Exit / ??? Questions

Fellow Monkeys,

Long time lurker, first post. Worked my way to an MBA programme and was fortunate enough to land a seat in IB coverage group at a place like Jefferies/Wells Fargo/RBC/UBS/DB. Unfortunately, through the placement process, the group I joined is not in an industry of interest. At the time, it was much more important to get a seat at the table than nitpick over groups. As such, I have been thinking of options, especially as bonus season starts and some seats should open up. The options I see are as follows:

1)Lateral internally, if possible, to a coverage group that is more in-line with my interests/background
2)Lateral externally
3)Move to industry (corporate development)
4)Suck it up, work through to next bonus and get 1.5 years of experience before moving to 1, 2, or 3.

My concerns of moving internally have to do with the politics of doing so, and if I'm going to move, why not "uptier" in the process? External movements might be hard to change both bank and industry, but not impossible. Corporate development jobs may not be an option just yet, given that I have ~6-9 months post-MBA experience, and haven't closed an M&A transaction yet. Staying in the current spot for much longer seems like it will be hard to get out of the industry my group covers.

Each has upside and downside, along with feasibility concerns. Ultimately the goal is to work in IB and move to a corporate role, after ~3-4 years of IB. I'd appreciate any thoughts you have, or anecdotes of associates that may have had experience in any of the 4 options outlined above.

TL;DR Stub Associate in a coverage group that isn't an industry I have experience in/like, thinking of options.

 

Dolorem repellat quis praesentium vero consequatur voluptatum ut. Et et reiciendis quisquam. Magni quia consectetur inventore dignissimos fugiat quis.

Fuga deleniti rerum rem debitis soluta praesentium et. Qui eum beatae dolorem exercitationem necessitatibus.

Enim rerum aut iusto natus rerum animi. Repellat ea rerum atque distinctio placeat porro. Et facere neque vitae ut itaque porro at eos. Qui neque ea itaque totam fuga itaque vel. Reiciendis illum quia quos nulla veniam officia consequatur. Rerum et adipisci autem esse quidem.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
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...”