Berenberg ER
Anyone have any thoughts/color on Berenberg? Recently got a job offer at the firm. Don’t know if I want to take it. It’s in a sector I want to eventually cover on the Buyside, but don’t know if exits to the Buyside are available from here.
Also a young analyst.
Hey Associate 1 in ER, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:
More suggestions...
You're welcome.
Limited experience seeing them in the market. In my former space they had a pretty young analyst covering a bunch of partly related companies. The guy wasn’t that impressive.
Coming from any legit sell side shop should give you decent exit opportunity to buy side. I’m guessing Berenberg qualifies as legit, but hard to be sure. If it’s in the sector you want to cover, that might be an added plus.
Yea I’m not too sure tbh. Currently working under a great analyst, but terribly boring coverage. This would be with a young analyst with two years of experience.
Are you at better firm than Berenberg? If so, I’d hesitate to lateral too.
Do you have other offers? If not, take it. They are a legit research shop and you'll gain experience very quickly there (cannot speak to the quality of it, however). You'll probably get your own coverage within 6-12 months.
In the process at a couple of places. Any ideas on the exit opps? Potentially lateral elsewhere and then to the Buyside?
Not to say you cant go straight to the buy-side, but lateraling is probably the more likely outcome. Ive seen it a lot
How far along in the recruiting process are you with the others? A bird in the hand…
Just out of curiosity is this associate 1 position and what sector ?
Lol good try Berenberg HR
Berenberg likes to keep people for a while, I interviewed with them a couple of months ago (probably the same team you got the offer for lol since you mentioned the young analyst). Many young analysts, tend to give associates coverage after a year and a half. Not so sure about buy-side exits, I've seen people from Berenberg lateral to BBs and top middle-market banks.
However analysts seem to come and go, not many have established themselves over time.
Just doing a quick LinkedIn search I don't see too many people going to the buyside, mostly ER at other banks. They're also quick to fire and didn't give out any bonuses, the whole ER division was gutted last year.
I was told there would be a discretionary bonus but no range given so… I know they didn’t give bonuses last year, but thought it was a one off
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