Does this saying only apply if you get into Goldman, JPM, Morgan Stanley, etc.? Or does it apply to the middle market banks as well?

How good are the middle market exit opportunities really? I've heard that having investment banking on your resume early is a strong path to getting into PE/HF later on. Does this only apply to the Bulge brackets? How much would I differentiate myself by having MM IBD while applying to other jobs later?

Hey everyone,

Just curious about these companies. What are the opportunities for people that used to work for these firms? I know that FactSet has you take the Series 7 for their Research/Prod. Dev. positions. I'm waiting to hear back for an interview and don't hear much about them on this website.

Thought I'd add Bloomberg too, since it is a comparable company for entry level positions (I presume).

Thanks for any insight!

..

Let us assume that a given person worked in minerals for a few years after undergrad and became a manager, and then went to a top MBA. This person then had an MBA internship at a bank and worked as an associate afterwards, in natural resources, at said bank.

Exit opportunities from there? Still able to get into PE/VC for natural resources or already relegated to only IB? Would said person have to go back into minerals as a senior manager, get to C level, and then network in?

Are the exit opps for people working in Sales & Trading (particularly Trading) really that limited?

I have been networking and some bankers to into trading, former traders go into the capital markets and a few to into research and even medical science!

When I read several WSO posts about exit opps - and M&I - it seemed like banking (particularly IBD) provided the best exit opps which is one of the main reasons why I chose to aim for IBD. However I think I fit S&T better but am hesitant to swap over because although short term it seems great - Im sticking to IBD for the long term exit opportunity reason.

Hello all,

I am currently a college senior going to a BB Hedge FOF next year. Did not know much about finance originally and became a summer at this FOF. this fall i recruited but did not have much luck getting other jobs (many firms thought my fof summer experience was not good enough for full-time work in i-bank, pe, hf, etc), so i just signed w/ the bb fof since i didnt want to be unemployed.

It seems that I would not be developing any transferable skill set in a hedge fof. Does this mean that I am doomed for the future if I want to move to banking/pe/hf?

what should i do to help me move out of the fof industry quickly into some other kind of financial work that is more analytical or valuation-based? thinking again banking/pe/hf/trading.

Of course, this varies by group and performance. But generally speaking, what types of places (prestige, size of company) do these banks send their analysts? Any specific examples of placements would be helpful as well.

GS, MS, Lazard, Deutsche, Credit Suisse, JPM, Moelis, Jefferies, BAML, Perella Weinberg.

Which entry level real estate position will give one the most real estate related job options after 1-2 years of work (e.g., RE PE Analyst, RE IB, Development Manager, RE Research, etc).

And, which category provides the most mobility (retail, office, industrial, residential, etc)?

Thanks in advance guys.

I received an offer from a boutique valuation firm called Anvil Advisors that specializes in valuations for technology start-ups and hedge funds. While I would likely learn a lot about valuation, I'm concerned about the exit opportunities, especially considering that since firm is so small, I would not have much chance for networking. Thoughts?

I had a question regarding interviewing while still working in equity research (or credit for that matter - hours/job not that different at the end of the day).

Let's say I want to make a move from my current job as an ER analyst to something else - me specifically, the buyside, but this question would hold for corp dev roles, MBA interviews, and pretty much anything else as well.

How do you find the time to actually go interview? I'm not saying reaching out to headhunters/networking in general - I am asking how do you get OUT of the office during the day to interview? As many people know, you are TIED to your desk during the day in ER.

Pretty straight forward; which position would look better when submitting applications for full-time financial regulation/compliance type jobs? I know it is kind of a broad question but generally speaking, is one more relevant than the other? I was thinking tax because of the research & analysis you do but I may be wrong.

I recently came across this video and until now I decided to share it with you guys. It has really made me think about the things I do, why I do them, whether or not I really should be doing these things that I am doing and to what extent to they matter to me and to the ones around me.

Below is the youtube video of Dr. Richard Teo.

http://www.youtube.com/watch?v=umLkfADe17s

Hi,

I am currently approaching end of my 2 year analyst program within Sales and Trading at a BB - currently within sales

I've decided that banking/s&t isn't something I see myself doing after this program. I would like to work for a corporate within strategy. I'm not that set on it being a large/small company but more focused on the group.

I'm not sure how to go about recruiting for this and was wondering if anyone had any suggestions or ideas about next steps for someone in my position.

Thanks.

I've been told a lot that hedge fund work is a good exit opportunity after investment banking. How long does it usually take for hedge fund recruiters to notice you? What type of resume should you establish? Does it depend on the situation?

Also, how is the pay at hedge funds as you work more?

I'm lucky enough to be currently sitting on two offers: one from a top consulting shop (McKinsey / Bain) and one from a MM bank (Stifel, Montgomery).

If I'm looking to break into private equity or possibly venture capital (growth equity division) in the future, which job would give better exit opportunities?

I'm leaning towards the consulting gig thanks to the preftige, but also due to the fact that if I do some PE due diligence work I probably won't be screwed when it comes to breaking into PE/VC. Please correct me if I'm totally off.

Insights please! Thanks! Much appreciated!

BankingWaffle

lazy but atleast moderately intelligent bum searching for a career.

Wondering what's your advice for incoming 1st Year Analysts at BB who want to break into big PE after several years in banking?

I am graduating this Dec and will have half a year before I start to work full time. Some of plans I could take after I graduate are:

1. PE internship (I think I have shot with some big PE ships, like TPG and Carclyle, but the work will be shitty same as the pay...)
2. SWF (think of Temasek and QIA, possible for me as well)
3. CFA (in case I change my mind and want to to hedge fund several years down the road?)
4. Self-study modelling course (since it will be so important for the PE interview?)
5. Nothing...travel and enjoy myself (this is def part of my plan, but I am seriously not plan to do that for 6 months...)

I'm interviewing with PwC's Financial Instruments, Structured Products and Real Estate (FSR) group and I was wondering if anyone knows anything about the group. Specifically, what type of exit opportunities will this give me?

Thanks for the help!

Fellow monkeys,

There are a lot of posts that go into great deal describing the analyst-to-associate transition, as well as the exit opps to buyside. My question is, what happens after that? After 10 years in IB/PE/HF, where does one find oneself?

What are people doing in their 30s, 40s and 50s? After they become associates, do they all progress to higher IB levels (VP, MD)? If they are in buyside, do they progress or stay in the same spots?

Hypothetically speaking, a 100-analyst class enters a BB IBD firm. Twenty/thirty years later, what are their positions and jobs?

Thanks..

Happy Friday everyone-

I'm contemplating a change from my current position, looking at some internal opportunities as I enjoy the culture / people at the bulge bracket bank I work for. That said, I have a short list of target positions I'm interested in (primarily Capital Markets and Research positions).

However, someone I spoke with pointed me in the direction of credit risk, i.e., managing the bank's exposure to a client and managing the credit relationship. This group sits within the investment bank, but is known to be less intense hours-wise, correspondingly less lucrative, but I'm curious- any informed members care to opine on possible exit opportunities with a skillset analyzing credit?

Greetings all- I wanted to hopefully receieve some feedback from who ever is willing to help regarding my current role and future. Thanks in advance, it is much appreiciated!!

OK monkeys: What do you consider best for a recent accounting grad (semi-target) - Comsulting at a boutique shop in Miami or PWM at a BB in NYC.

Which opportunity provides the better experience for exit ops? (PE/HF/Top MBA)

My passion is start a HF (eventually). I am also taking the CFA and determined to earn the designation.

I am currently interning in PWM and find it not challenging and somewhat secretarial. But, I fear that if I go the consulting path, I am further away from my passion of asset management.

Any advice?

Thanks!

-Drewey from St. Louis

Hey guys,

I've been working at a valuations firm and was wondering what my exit opportunities down the road would be. Some of the work I've been doing are:
Business Enterprise Valuations
Purchase Price Allocations
Goodwill Impairment Testing
Derivatives (options - PWERM, Black Scholes)
Fairness Opinion & Solvency
A little bankruptcy and restructuring work.

I moved from a back office position at a BB to this valuations firm.

I know moving to a top notch PE firm or IBD is out of the question, but I was hoping a boutique PE IBD HF, management consulting firms, or strategy type positions would take a look at me.

Anyways, your thoughts would be greatly appreciated.

Thanks