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Bonus Season is Here! Dear Members of iBankingOasis.com: Congratulations to the current investment bankers! As our countdown ticks down to zero, you are either eagerly anticipating your first bonus, your second bonus, or your hiatus from Investment Banking forever. The Countdown to Freedom doesn't lie . . . you're almost there! Less than 24hrs!
I understand that many I-banking analysts leave for other opportunities after two years as an analyst. I also understand that in many cases, they do not want to deal with the unbelievable hours and stress. Most of what I hear is that these analysts leave for private equity or hedge funds. However, I have heard many stories about the hours being not much better, if at all, and even more stress. I realize that this all depends on where you work and for which compnay, but is it just as likely (in general) that your pe and hf jobs after you leave i-banking will require hours almost as long and be more stressful than being an analyst? If so, then what do some of these former analysts who do not want long hours anymore do? There have to be more exit opportunities than just pe and hf (and hopefully some with a lighter work schedule).
WSO Career Resources
what you get
- Exclusive discount for WSO members
- Gain an edge in your financial career
- Be ready for Technical Modeling Questions
- Includes certification in financial and valuation modeling
- Access to a full library of Excel model templates
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"The WSO Investment Banking Interview Course was my main study guide and I landed the exact job I wanted, so obviously it was a great investment. The packet was excellent in helping me understand balance sheets, all that technical stuff. I went through 2 months of training afterwards at [BB bank] so I understand the packet even better (almost 100% now)...ha!"
Result: Credit Risk Analyst @ JP Morgan in New York
"I had made it to 2nd and final rounds at a few PE funds, but no offer. The first interview after going through this course I made it to the final rounds and got an offer! I think WSO PE package made the difference - in fact, one of the LBO modeling tests I got in the 2nd round was almost identical to one of the 1 hour LBO ones in the package. Having that modeling practice and the confidence going into the interview is priceless.."
Result: Pre-MBA Associate @ MM Private Equity Fund in New York
"The HF Interview Course was instrumental in building out my knowledge of the space. Essentially a HF 101 course. Invaluable to have it all in one location and helped me transition from PE into hedge funds successfully..."
Result: Analyst @ Elite Hedge Fund in NY