So what's your take on these 'exit opps' of an analyst?IB
When talking with analysts at BBs, I often like to ask what their plans are after their two year contract ends. I'd say 50% of them say they don't know, they're taking this one step at a time, they'll see what comes their way, etc. The other 50% say "probably PE/HF" or "most definitely PE." For those of you who have worked in the industry, which path have you chosen? What about your peers, and what insight can you provide on these different (exit) opps?
1. If given the offer, stay as a 3rd year analyst and move up the ranks to be an Associate, and be groomed to be a VP, possibly MD
2. Go get an MBA, and join a bank as an Associate
3. Go to PE/HF
4. Work in Corp Development at F500
5. Work for the Government (Fed/Treasury)
6. Transfer into different division of a bank (investment management, ECM/DCM --I've heard this happens mainly because of desire of lifestyle change, or change of interest etc.)
Particularly for PE/HF and Corp Development, could you illuminate on the hierarchy, the dynamic of the corporate ladder, lifestyle, pay, prestige, daily responsibilities, skill sets needed, challenges, etc. How long do most people stay in PE for example, and where do they go after they leave?
(Also, if there are any female bankers/ex-bankers out there, your insight/advice about females in the workplace would be much appreciated. I'm aware that moving up the ranks is tougher in IBD, and what's your take on the other fields?)