Executive Assistant> Analyst??

It seems somewhat absurd, but I found an opening for an executive assistant at PE firm. In the ad it stated that this would be a good way to get in the back door of a prestigious firm. Being a man, I've never even considered such a position however the pay is surprisingly not too bad. It's almost tempting to roll the dice and see if one could make a transition to an analyst role in a year or two. Do you know anyone who has went such an unconventional route?

 

I've seen / heard of this happening 3-4 times but the odds are long. I've also seen a personal assistant to a famous investor get a shot on the investment team but that is also extremely rare. The larger the firm, the lower your chances are. If it were a smaller or medium sized firm it might be an okay chance in the absence of anything better, but only because you might be able to make a positive impression on the founder / principal of the firm and move up that way. In a large firm no one gives a shit about you and the political headwinds will be much stronger.

 

going from a personal assistant to a front office analyst at a PE firm is nearly impossible, Unless you're the hottest girl in all of new york city, or unless the firm virtually guarantees you a "graduation" from your assistant role sometime in the future.

 
Vectors225:
I'm not saying I'm considering this. Fortunately i have an analyst gig (although at a shitty place, shitty job). I was just wondering if it's still feasible strategy these days. Guess not.
It does.

The guy I replaced came out of the mail room. A VP here started as a filing clerk. I came out of ops. The MD was an admin.

Everyone did night courses (I'm going to school at night starting next month)

Be smart, work hard, buy your opponents ten rounds of shots the day night before big meetings, make friends in high places, and anything is possible.

Oh yeah, one last thing......resist the urge to push the ivy kids down the elevator shaft if you can.

Good luck.

Get busy living
 

it would have to be a "pursuit of happiness" -esque rags to riches story. or you'd have to be interviewing for a personal assistant role for a BSD who could place you anywhere on recommendation alone. other than that, i can't imagine anyone coming in as a secretary / assistant and being offered an analyst job. not with the structured campus recruiting and 2 year programs out there nowadays.

-- sm
 

I know a guy who did not go to college (grew up poor in the Bronx) and got a temp job filing/scanning trade tickets for a top BB. After a couple of years, he impressed people enough with his work ethic that they gave him a spot in the Ops analyst class. This was within the past 10 years.

 

It definitely happens.

But as speedmerchant has pointed out, you gotta be in the right place and the right time to make this work out for you - So far I've known 3 people who've made from (essentially) back office roles to front office trading positions.

Case 1: She was in Ops position for 5 years, sitting next to the traders on the floor and doing some god-knows-what roles. I really have no idea what she did and how she impressed her bosses, but when one trader had to quit she was made an analyst trader. Heard she's doing fine

Case 2 & 3: Two guys I knew were in middle office risk management for complicated options stuff. Made into traders roughly after 4-5 years each. It probably would've been more difficult for these dudes since they were sitting in a different building (although 5 minutes apart from the main office), and those option exotics trading is a highly coveted area at my frim. One more thing: unlike the girl above, these dudes got some proper education (cambridge and stuff) so it probably helped a lot along the away.

That said I agree that if you want to be an analyst the best (and the shortest) way is to apply for analyst gig. If there are 2-3 people who eventually break into trading or anything front office, there are still hundreds of people who stay in BO.

 

Investor relations is more akin to a PR job. Have fun with your telephone.

The chance of your offer magically changing into an offer for an entirely different job in the span of a year? Not likely. I guess you could reapply for an actual analyst position within the firm but not sure what impression that would give.

Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 
chicandtoughness:
Investor relations is more akin to a PR job. Have fun with your telephone.

The chance of your offer magically changing into an offer for an entirely different job in the span of a year? Not likely. I guess you could reapply for an actual analyst position within the firm but not sure what impression that would give.

I figured this much. Good thing I don't need to take it.

Here to learn and hopefully pass on some knowledge as well. SB if I helped.
 

It's another one of those BO/MO -> FO situations, isn't it? Not impossible, but not going to happen unless you have some impressive shit going for you. If you're really interested try doing that magical thing everyone talks about (networking) and go from there.

Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

Corporis aliquid et laborum cumque blanditiis id. Ut hic aut numquam nesciunt. Cum sapiente nulla dolorum non et quae. Facere libero ut fugiat est eos quo.

Numquam ea debitis nemo atque sequi voluptatum. Quos qui velit voluptate rerum atque incidunt sed. Dolor eum repellendus soluta rerum ut nam. Voluptatem quia eos voluptate at magnam. Omnis unde sapiente consequatur repudiandae eius sit eveniet. Sunt recusandae neque quia hic aperiam placeat.

Animi provident ut quis aut sit. Culpa in amet exercitationem aspernatur ut et ut quidem. Corporis tempora doloremque officia. Beatae enim sed quia maiores ut inventore.

Facere rerum cum veritatis vitae in. Odio sunt possimus odio. Et dolorum rem officia. Amet officia placeat odio sapiente voluptatum dolores voluptatem itaque. Dolorem itaque quibusdam aut ut.

 

Dolor magnam est quibusdam sed. Suscipit rerum fugiat consequatur nemo voluptas ullam eligendi. Tempore omnis quis non neque. Et dolor debitis corporis et vel molestiae. Ut quod quasi illum illo ea. Dolorem et voluptas ducimus.

Alias labore autem aut amet hic id. Est odit et nesciunt atque. Molestias sit pariatur repellat iste. Autem distinctio sit harum inventore.

Quae nobis placeat nulla laboriosam. Voluptatem rerum ea excepturi ut vel.

Quas ab illum similique temporibus est omnis. Sit eius consequuntur voluptas aperiam sit repellat.

Here to learn and hopefully pass on some knowledge as well. SB if I helped.

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...”