Equity Research - switching teams & exit opps

Do not tell your MD, switch banks if you want to switch sectors as someone above said.
 

Re: exit opps the sky is the limit but realistically what interviews you get from recruiters (and I advise using recruiters in London for all their faults) are going to depend heavily on what bank you’re at, someone at an ABN will have different prospects from MS/JPM/UBS etc. I’m not trying to be an ass it’s just how recruiters think/work. The best buyside exits that someone coming from a good team at a top London sellside firm and with a good profile could realistically hope for would probably be along the lines of P72/Millennium/Citadel. (Not saying MMs are necessarily the best choice however given what life is like there) You will 99% not be considered for PE obviously. Otherwise going to a corporate you cover is also an option, with better w/l balance and job security but probably less pay. 
 

Once you get the interview you will 100% be tested on your modelling and ability to formulate a view on a stock (obviously), so at that point it’s all up to your abilities and everyone is more or less on the same footing. Be sure to practice modelling from scratch in your first year so you’re ready later on if that’s what you want.