London Specific AM/IB/ER confusion
I've taken a series of decisions and need to sort out my thoughts.
Background- Did BSc(non-target), with a MM ER internship in the summer (in Asia), and a non-name boutique internship- M&A analysis after graduating (think 10 employees) and now starting MSc from a target uni in UK.
Have been weighing ER andSA roles in London and I'm super confused. Have in two days (yeah). I view AM as a LT career path (10-15 years down the line), but want my initial career path to leave the door open for AM some day down the line.
I have been told:
CFA is useless for IBD- Ugh, broke my heart, but love Mark Meldrum any way and I'm doing L1 for knowledge, not recruiting honestly <3
Have been told to choose ONE: ER or IBD, not both, when applying. Oneapplication opened up and I chose IBD. Usually, London internships have Global Markets- have never been part of it, so I kinda focused on IBD (have been doing the technicals alongside CFA L1). But, then I released that there are only a handful must decide wisely. Should I split? 3 IB and 3 ER and then just pray, or honestly idk what to do.
IBD is shit-work. I honestly wouldn't like to think of whatever I'm doing as shit work :/ IBD long hours are okay with me. I don't care, I don't have a life. It's just that when people speak of the work being too boring, it makes me sad, cause I wanna learn. My ER internship was interesting but my analyst didn't give a fuck about me so I didn't get to do anything, I basically was reading their reports. My point is I'm shit at modelling, so need a formal internship to learn things formally.
I wanted to decide on whether to apply for IBD/ER and I'm super lost. I like ER cause it'll help me continue my CFA without any worry/constraints. And I like IBD cause learning about M&A is interesting. All in all, I enjoy valuing and looking at companies and listen to Mark Meldrum speak. In the longer run, I think I'd love to being some sort of an asset manager- my rationale is that I enjoyed CFA L1.
However, since IBD is much harder to get into and I only have a year of recruiting left right now, I thought I'd focus on getting an IBD internship in London, and actually decide whether it's for me or nah. But I'm worried about two things-
How useful is IBD for AM? Do people do IBD > PE > AM, or is this a US thing and is ER > AM the real thing? Or are both okay?
If I like it, can I do IBD and CFA together? Cause I truly enjoy the curriculum even if some mofos say it's a waste.
If I hate IBD, will I be able to shift to ER? I'll be out of recruiting, so I don't know how to deal with this.
I really want London specific advice. I've recently realized that IBD doesn't have THAT many exit opportunities. People I've spoken to sound dead. I don't really mind putting in 80 hours daily, since I tend to get depressed when I'm not occupied, but really, this is a cry for help. Anyone reading this please shed some light!