I can't find a corporate exit from my ER job

Based on the most helpful WSO content, your situation is not uncommon, and there are actionable steps you can take to improve your chances of exiting ER and finding a role that aligns with your goals.

1. Investor Relations (IR) Feasibility

• Challenges with Sector Coverage: Covering banks can indeed make transitioning to IR in other industries more challenging. However, it's not impossible. Many companies value the analytical and communication skills developed in ER, but you may need to tailor your pitch to highlight transferable skills rather than sector expertise.
• Networking is Key: IR roles often rely heavily on networking. If you haven’t already, start reaching out to professionals in IR roles, especially those who transitioned from ER. They can provide insights, referrals, and even help you understand how to position yourself better.
• Target Companies Strategically: Focus on companies in sectors that value your skill set, such as financial services, fintech, or even crypto. These industries may appreciate your banking expertise more than others.

2. Alternative Career Paths

• Corporate Development: While IB backgrounds are often preferred, ER professionals have successfully transitioned into corporate development roles. Highlight your ability to analyze businesses, assess strategies, and understand financials.
• Corporate Strategy: Your experience in analyzing competitive advantages and company strategies can make you a strong candidate for corporate strategy roles. These positions often value the strategic thinking and industry knowledge developed in ER.
• Consulting: If you’re open to a broader pivot, consulting firms may value your analytical skills and sector expertise. This could be a way to reset your career trajectory.
• Internal Transfers: If you’re at a larger firm, consider exploring internal opportunities in strategy, corporate finance, or other departments that align with your interests.

3. Reassess Your Approach

• Tailor Your Resume: Ensure your resume emphasizes transferable skills like financial modeling, strategic analysis, and communication. Downplay the sector-specific aspects if you’re targeting roles outside of banking.
• Leverage Your Network: Beyond cold applications, focus on building relationships with hiring managers and recruiters in your target industries. Attend industry events, join relevant forums, and engage with professionals on LinkedIn.
• Consider an MBA or Certification: If you’re hitting a wall, pursuing an MBA or certifications like the CFA (if not already completed) could help reset your career and open new doors.

4. Mindset Shift

• Be Open to Lateral Moves: Sometimes, taking a lateral move into a less desirable role can serve as a stepping stone to your ultimate goal. For example, moving into a financial role at a fintech company could eventually lead to IR or strategy opportunities.
• Patience and Persistence: Career transitions, especially after a long tenure in one role, can take time. Keep refining your approach and learning from each rejection.

5. Final Thoughts

• While ER to IR is a common path, it’s not always straightforward, especially when changing sectors. However, your 10 years of experience and skill set are valuable. By refining your strategy, expanding your target roles, and leveraging your network, you can increase your chances of finding a fulfilling exit opportunity.

If you’d like more specific advice on tailoring your resume or networking strategies, feel free to ask!

Sources: Future of Equity Research - 12+ Months into MIFID II, Q&A: HF Analyst @ $5bn+ Fund - Breaking In and Transition to Risk-Taking Role, Feel Trapped, Exit Opps From Sell-Side ER?, Q&A: Leaving PE After 2.5 Years for Corporate Finance, Q&A: Equity Research Associate at a Boutique Firm