How can I make the transition?

Hello, I am currently a first-year analyst at a BB in AM. I graduated in 2021 from what is considered a strong target on wso (non-HYPWh ivy). I initially thought and still think that AM/institutional investment management is where I want to be long term. However, something that I have seen increasingly from my interactions with senior folks is that most of them had the more traditional backgrounds, e.g. - IB -->PE/HF/PC to the seat where they sit in now. I was speaking with one of my mentors at the firm who did the same and he said doing so had provided him with a much stronger base to build up from in his current AM role. I enjoy the day-to-day work that I do, however, I am also interested in getting a taste of the investing/advisory world. I feel like it would be much easier (relatively) to make that transition now as opposed to when I am an MD in twenty years. As such, I want to try to transition to an IB/financial advisory role to get some more "roll my sleeves up" kind of finance experience and really get into depth with financial modeling. My current plan is to spend a couple of hours every day after work to review accounting, excel, financial modeling to the point that I can build a full model (was in finance club in college and did it there, but obviously that is much more different) and be able to walk through it and then start networking with people with similar backgrounds. In this process, what can I do to 1) make my learning process go by easier/more smoothly 2) are there any books/textbooks that can be good resources and 3) what should my priority be in this process? I anticipate it being at least another 4-6 months before I can really think about stepping out and interviewing. 

 

Est fugit est ut perspiciatis voluptatem. Dolor dolores asperiores sunt quasi eveniet nihil.

Consectetur ipsa dolor neque tempora. Rerum sunt eius iure vitae est quisquam. Est accusamus explicabo impedit. Eos quo autem laudantium voluptatem nihil id. Quidem qui commodi et. Soluta ad voluptatem consectetur sit dolor atque rem accusantium.

Tenetur et itaque qui non. Quo eaque consequatur asperiores reiciendis. Et excepturi tenetur nostrum quasi deserunt.

Fugit officiis debitis voluptas quia quia. Et error iste doloribus ipsam nihil sed odio.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
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...”