Equity Research
Currently a student at a target school and will do an MSF. Have an M&A internship for summer going into MSF but am curious about chances of landing ER gig if I don't get return offer from the internship
Currently a student at a target school and will do an MSF. Have an M&A internship for summer going into MSF but am curious about chances of landing ER gig if I don't get return offer from the internship
Career Resources
ER FTs overwhelmingly come from the SA program, similar to any other FO division. Especially the big banks, which, unlike for IB, control most of the ER scene. Unlike in IB, there's far less seats overall, not to mention those to hand to non-SA converters - an ER div might take 5-10x less analysts than IBD. In fact in my experience, a lot of the time there aren't any seats left - at least for outsiders, different if you're already in the bank in IBD (e.g. IBD SA that wants to shift gears).
So it's not impossible, and your experience will definitely be considered relevant, but it's mainly a problem of logistics.
Not impossible, but given the seats are less than IB it's going to be an uphill battle. Start reaching out to analysts you want to work under in a sector you have a passion in.
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