Help progressing to ER
I currently hold a position as an Equity Data Analyst with over a year of experience at a leading vendor firm in London. I specialise in Industrials and I am actively engaged in analyzing sell-sideEquity Research (ER) broker models, maintaining consensus estimates and conducting in-house industry and company research. However, due to the nature of our business, we refrain from providing specific buy/sell recommendations, making it challenging to showcase direct returns on investment.
I want (badly) to transition to banking (ER) and eventually progress through market connections into Investment Banking (IB) or Private Equity(PE). As such, I am actively pursuing opportunities in both ER and IB analyst positions. l acknowledge the current challenges in the market, which gives me some comfort for not having progressed already. Nevertheless, I am very frustrated as my job applications always go unanswered, even for initial interviews. Despite putting substantial effort into my applications, the lack of response has been disheartening.
Observing some colleagues successfully moving into prominent positions within big banks in IB, ER, or PE makes me feel worse.
While I understand that experiences differ, and not everyone follows the same trajectory, the apparent lack of progress has prompted me to seek advice on improving my approach. I am more than willing to share my CV upon request.
Ah, the classic tale of an Equity Data Analyst looking to swing from the data vines into the bustling jungle of Equity Research and Investment Banking! Here's some actionable advice to help you make that leap:
Polish Your CV: Make sure your CV is tailored to highlight the skills that ER and IB roles demand. This includes:
Network, Network, Network:
Showcase Your Passion:
Educate Yourself:
Follow Up:
Prepare for Interviews:
Consider a Stepping Stone:
Remember, the finance jungle is dense and sometimes a bit dark, but with the right strategy, you can certainly find your way to the clearing. Keep swinging, and don't lose heart – your persistence will pay off! If you'd like to share your CV for a more tailored critique, feel free to swing it my way.
Sources: Q&A: Barclays IB to MM Private Equity, Q&A: From State School to IBD to MM PE, From Private Equity Associate to VP in Private Equity, Breakdown of Post-IB Exit Opportunities, Equity research transition to banking
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