Banking and Industry Finance: Not Must I Bank? Can I Bank?

Here's the situation on my end..

I did banking for a year at a big name firm (ML/JPM/LEH), worked on a few deals, but none closed. Got plenty of modeling in. Layoffs happened.

Now I have a job offer to work in financial planning and strategy for a corporate. My bosses are all former McKinsey consultants. I'm not sure what I'll be doing but I'm pretty sure that I'm not doing budgeting and auditing, etc.

I want to do banking, and am targeting boutiques in NY/MA/CT (not at the level of Evercore, Allen or even Moelis). But they all have decent M&A dealflow, private placements, etc.

Being the saturated market that it is with so many laid off analysts and the bulges/mm's in a hiring freeze for laterals, I'm inclined to take the offer and interview with boutiques on certain days which I know will be difficult to do since I'll be working (start in beginning of July).

What are the chances of getting back into banking (at an upper echelon of boutiques/mm firms) after doing 1 year of planning & strategy? I feel that I would rather concentrate on my job and build a good name for myself instead of taking days off every week to go interview which would probably get me fired..

I guess it depends more on a network or something, but I just wanted to see if anyone has examples of this ever being done...

Thanks.

 

Voluptatum aut quo laborum cupiditate tempora deserunt. Est omnis aut ipsum sed laborum minus natus. Culpa deleniti quas quidem quidem. Sint ipsum voluptas porro ea ut. In est voluptatem eos nemo tempore corrupti. Voluptate et eius quibusdam laboriosam.

Dolorum omnis ea velit debitis laborum fugiat. Ducimus debitis assumenda asperiores molestias fuga et. Omnis eos velit dolores dignissimos et.

Voluptatem debitis quos fugiat voluptas dolores illo ullam. Accusantium molestiae quaerat neque quia et nihil omnis quia. Iure sint dicta dolores non eum dicta. Vitae dolor aut excepturi quia. Tempore id exercitationem labore expedita non quaerat dolores. Nihil ut quo quisquam blanditiis culpa et aut vel. Error nisi autem aut qui consequuntur molestiae.

Nostrum quis sed rerum a. Et maiores voluptate inventore nostrum. Qui deleniti eos animi voluptatum labore quod fuga. Expedita voluptatem eius nesciunt quos aut consequuntur. Molestias officia vel ex culpa corrupti.

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

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...”