Breaking into AM from M&A
Dear All,
after working 6 months at a top BB als M&A analyst I am really troubled by the long working hours there and considering changing my career to a more work-life-balanced sector this summer (when I have completed my first year), among which AM.
Do you think it is difficult to jump from the sell-side to buyside at that early stage? And what is the best strategy to pitch myself?
Many thanks in advance!
When you leave for personal reasons PM me the contacts of said bank.
For two people in AM and M&A at top BBs you guys don't seem to exhibit extraordinary attention to detail... but I'm going to look past that for now.
Answering the OP's question - I think after one year it will be very possible for you to switch to a role within AM somewhere if that's what you want to do. Particularly since you probably also have a very good academic background if you got into a top M&A group. The other way around is more challenging... at least from what I've heard. I know of at least one concrete example of someone who was in the Industrials coverage/M&A group and switched to AM after 8 months. She told her bosses she didn't like the style of work and all the pressure, but she still liked finance, blah, blah, blah... and she got transfered within her bank to AM without too much struggle.
Hi International Pymp, thanks a lot for your reply. I am not pretty sure about the second alternative, as I think it put you role at risk if the seniors are not supportive about your idea and you have to live with the title of "uncommitment". I would rather try external options first and leverage them to get a better offer from my bank, if possible. How do you think?
Yeah... I'm not saying you should go to your superiors... that's what she did, but you don't want to do that unless it's a last resort. No need to piss them off incase you end up staying. My point was that M&A analysts are high quality talent and they can get jobs elsewhere... good luck.
What size AM firm do you want to go to? You could easily get a job at a boutique type place (~5-10b) as a lot of those places are treated like back up plans for guys that really want M&A in the first place.
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