Switching from M&A Analyst to Buy-Side Investor Relations - a good idea?
Fellow Monkeys,
Currently a first year monkey in the M&A team at a pretty large boutique house.
I have the opportunity to apply for an investor relations position at a rather large hedge fund.
Now I'm quite limited in my knowledge of investor relations so I thought I'd branch out and see whether others know about what it entails.
Character-wise, I've quickly learnt I'm built for Sales, literally perfect for it. However the timing of this sudden epiphany is pretty horrendous as a) I havent been working longer enough and b) the industry is absolutely buggered.
Remuneration wise - This IR position will pay more, not considerably more but enough to be attractive, I'm going to bet all of my wage that the hours will be wonderful and there is also bonuses involved.
The job description sounds pretty mundane, dealing with senior investors, making sure pipeline is correct, presentations etc etc etc but is there a career to be built in it, can I switch into portfolio management in the future (I know this is a long long way off, but is it doable).
Ideally I want to end up in Sales, so should I just bide my time?
Thanks,
E
No you should not move. More opportunities will come your way - and much better.
Whether you like it or not, M&A at a reputable firm looks great, and you will learn stuff. Leaving that position, or trading down as per your example wouldnt look good on the resume.
A word of warning, sales jobs won't lead you to the top, and many times may carry a negative stigma.
No you should not move. More opportunities will come your way - and much better.
Whether you like it or not, M&A at a reputable firm looks great, and you will learn stuff. Leaving that position, or trading down as per your example wouldnt look good on the resume.
A word of warning, sales jobs won't lead you to the top, and many times may carry a negative stigma.
Stay put. The benefits of the IR position are extremely short sighted. You will learn more and make more in the long run if you stay put. As stated above, better opportunities will come your way. Additionally, most IR positions I've seen basically make you the middle man between the LPs and the folks that do the work. It's not likely you will be exposed, in any significant manner, to any real analysis and your interaction with portfolio companies will probably be fairly limited. I would be the pay is going to be capped at some point so it will be less attractive in a few years when compared to what you would be making if you stayed on the sell-side or even moved to the buy-side as a standard analyst/associate.
Regards
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