Non-conventional exits from ER

I’m considering some non-conventional exits from ER and wanted to see if anyone has heard stories about these types of transitions in the past. What did it take to get there? Were you/they able to make the transition directly?

My primary considerations have been sales and business development roles. Tech/fintech sales gets all the hype but I think broader sales could still work, especially in the industry that you cover. Another related consideration would be buyside IR. Last but not least, you have product roles that could start as product finance/strategy but move closer to the product management path.

I feel like the primary exits are decently well-covered but are somewhat limited out of ER. If you’re not sticking in public markets (buyside or IR), then I don’t think ER associates are the best-positioned in broader corporate finance. For corp strategy, consultants are the best candidates. For corp dev, IB makes the best candidates (deal exposure). For FP&A, I could argue accountants/auditing experience would be most beneficial. Don’t get me wrong, ER is able to land roles at most of these. But in every case, there is something missing from the ER candidate. And quite frankly, most of these roles are not compensated well in enough to capitalize on the demanding hours and skills that ER associates have had to learn.

My thought process is if you’re not going to apply the skillset directly and you’re not going to be compensated very highly, then why not consider a big switch altogether where the ceiling is higher.

4 Comments
 

I was in ER at a top shop, went buyside, and am now in buyside IR (at the same shop). I had zero luck recruiting externally. Pretty happy with the move... i build up good internal capital here and just raised my hand when there was an opening. I honestly find most ER heads to be awkward asf, so I kinda get why it's not an easy switch to make. If you're still on the sellside, I'd move internally to the sales team and then you can recruit for most sales roles

 

You didn’t specify where on the buyside but I’m guessing a HF. When someone says buyside IR, I usually think of PE and fundraising. I guess there’s a fundraising component to HF as well, but how different is that than like distribution/sales roles at public investment managers? You’re likely still selling to a similar set of clients, right?

 
Most Helpful

Quo nobis cupiditate praesentium tenetur. Nesciunt dolores qui quam rerum quis odit. Sunt repellat tenetur cupiditate. Molestiae numquam excepturi eius velit et. Iure sint necessitatibus itaque.

Sed dolore et officia non. Qui aliquid aliquid ullam amet ipsa ea. Numquam est natus nobis aut assumenda. Distinctio consequatur veritatis quos aut excepturi.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 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

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...”