Industry Switch Good for Generalist Roles?

I’m considering to a completely new sector without a lot of overlap that I’m fairly interested in learning. I would like to end up in a LO generalist seat in the future. Better pay, better firm, better II (for whatever that’s worth), but delay recruiting for 1+ years. Good move or bad move?

4 Comments
 

Based on the most helpful WSO content, here are some key points to consider when thinking about switching industries, especially if aiming for a generalist role in the future:

  1. Longevity and Experience:

    • Recruiters and headhunters often look for longevity in roles. Jumping too quickly or too often can reset the clock, making it harder for you to be poached by recruiters.
    • Typically, headhunters start scanning candidates with around 5 years of experience, and it becomes more common after 10+ years.
  2. Advancement:

    • Only consider switching if the new role offers a clear advancement in terms of pay, title, responsibility, or firm prestige. Lateral moves (same title/role) generally do not look good on a resume unless there is a significant improvement in the firm’s prestige or responsibilities.
  3. Networking:

    • Networking is crucial. Engage in industry leadership roles and trade groups to get noticed faster. Books like "Never Eat Alone" can provide valuable networking strategies.
    • If you dislike your current job, avoid expressing this negativity publicly. Instead, focus on gaining experience and excelling in your role to attract attention over time.
  4. Timing:

    • Delaying recruiting for 1+ years can be a strategic move if it allows you to gain more experience and make a more significant impact in your current role. This can make you more attractive to future employers.
  5. Career Progression:

    • Ensure there is a clear progression in your career path. If you are moving to a new sector, make sure it aligns with your long-term goals and provides opportunities for growth.

In summary, switching industries can be a good move if it offers significant advancement and aligns with your long-term career goals. However, be mindful of the timing and ensure you are not making lateral moves without clear benefits.

Sources: When to jump - Advice on switching jobs, careers, and fields, When to jump - Advice on switching jobs, careers, and fields, How many Job Switches is too many for an MBA?, Anyone start in RE and end up leaving for another industry?, Consulting Exit Opps for Introverts

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Corrupti temporibus aut sunt molestiae dicta est assumenda eius. Ipsa repellendus quibusdam eos beatae. Nesciunt quod quia et aut voluptates.

Deleniti possimus beatae aliquid alias nesciunt molestiae facilis possimus. Modi dolores quibusdam debitis et. Quaerat eius sunt iusto et et. Aut non ea deleniti libero aut sapiente. Deserunt quasi cumque vero ea culpa sint. Et aut provident et et.

Labore pariatur doloribus dolor atque ipsum. Sit veritatis ipsum aliquam at iusto veniam magnam. Praesentium sint autem repellendus quia illum labore qui. Cum temporibus architecto id sunt ea consequatur distinctio. Et soluta ut temporibus voluptatem omnis.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”