From ER to IB
How hard will it be to lateral to an IB role as a first year ER analyst (assuming you are in a BB)
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Based on the highest ranked content on WSO, transitioning from an Equity Research (ER) role to an Investment Banking (IB) role as a first-year ER analyst at a bulge bracket (BB) bank can be challenging but is certainly feasible. Here are some key points to consider:
Skill Overlap: Both ER and IB roles require strong financial modeling skills, analytical abilities, and a deep understanding of the markets. Your experience in ER will have already provided you with a solid foundation in these areas, which can be advantageous when making the switch.
Networking: Networking is crucial. Leverage your existing contacts within the BB bank and reach out to colleagues in the IB division. Attend industry events, join relevant forums, and connect with alumni who have made similar transitions.
Internal Mobility Programs: Many BB banks have internal mobility programs that facilitate transitions between departments. Investigate if your current employer offers such programs and express your interest to your HR department or current manager.
Demonstrate Interest: Show a genuine interest in IB by staying informed about the latest deals, trends, and news in the investment banking sector. Consider taking additional courses or certifications related to IB to further demonstrate your commitment.
Prepare for Interviews: Be ready to articulate why you want to move from ER to IB and how your current skills and experiences make you a strong candidate. Practice common IB interview questions, both technical and behavioral, to ensure you are well-prepared.
Leverage WSO Resources: Utilize resources available on Wall Street Oasis, such as the IB Interview Course, which includes thousands of questions across hundreds of IBs, and the WSO Resume Review service to refine your resume for IB roles.
By focusing on these areas, you can increase your chances of successfully transitioning from an ER role to an IB role within a BB bank.
Sources: Currently a 1st year analyst at a BB - how do I lateral to an EB?, https://www.wallstreetoasis.com/forum/equity-research/qa-er-analyst-at-top-bb-plus-about-er-general-advice?customgpt=1
Depends on sector and market. I’ve seen a ton of biotech guys do it during that bull run. Right now it’d be tough given any market.
Biotech guys move into Healthcare? Or it doesnt matter
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