Stay Put or try to Recruit Full Time?

Hi all,

     I'm a rising senior at a non-target state school, graduating on paper in December 2025. I originally planned to graduate in May 2025, but tried to reclass in hopes of rerecruiting. Technically, given that I added a minor, it would make sense for me to stay an extra semester, but realistically if I hustle I can graduate on time, which is what I'm planning to do now. I had tried to recruit for 2025 SA roles, but fell short for investment banking, and instead landing a WM gig at a family office back home. I've settled in nicely to this new role, am happy to be client facing, and genuinely enjoy it, but I'm conflicted; If I go back full time next year like I've been offered, I've been told I would be provided a natural market to work, and think I have potential in an entrepreneurial sense. However, I would be basically "eating what I kill', and likely wouldn't have much of a starting salary. I was interested in equity research, but tried to recruit for IB b/c of the money and what people around me were doing, and now I'm torn between trying to recruit full time for ER, or go out on my own as part of the family office next year after I graduate. Would this make sense? Would people even trust me with so little investment experience? Is networking to get hired full time for ER even possible off cycle? If anyone can provide advice or insight it'd be greatly appreciated. Should I try for AM? You get the idea, I'm a little lost. 

4 Comments
 

Based on the most helpful WSO content, here are some insights and advice for your situation:

  1. Evaluate Your Current Role and Future Potential:

    • You've settled nicely into your current role at the family office and enjoy the client-facing aspect. This is a positive sign and indicates that you have a natural affinity for the work.
    • The entrepreneurial potential and the opportunity to work with a natural market are significant advantages. However, the "eat what you kill" model and the lack of a substantial starting salary are important considerations.
  2. Consider Your Long-Term Goals:

    • If your long-term goal is to work in equity research (ER) or investment banking (IB), you need to assess whether staying in your current role will help you achieve that.
    • Transitioning to ER or IB might require additional networking and possibly further education or certifications (e.g., CFA).
  3. Networking and Recruiting:

    • Networking is crucial for breaking into ER or IB, especially if you're coming from a non-target school. Based on previous WSO threads, networking with professionals in the industry, attending relevant events, and leveraging any connections you have can significantly improve your chances.
    • Off-cycle recruiting for ER is possible but can be challenging. It requires persistence and a strategic approach to networking.
  4. Asset Management (AM) as an Alternative:

    • Given your interest in equity research and investment banking, AM could be a viable alternative. It offers a blend of analytical work and client interaction.
    • Based on WSO's top-rated threads, transitioning to AM might be easier if you have strong networking skills and can demonstrate your passion and knowledge in the field.
  5. Decision-Making:

    • Weigh the pros and cons of each option. Consider factors such as job satisfaction, long-term career goals, financial stability, and growth opportunities.
    • Seek advice from mentors or professionals in the industry who can provide personalized insights based on their experiences.

In summary, carefully evaluate your current role's potential, consider your long-term career goals, and leverage networking to explore opportunities in ER, IB, or AM. Making an informed decision will help you align your career path with your aspirations.

Sources: Asset Management vs Investment Banking 101, https://www.wallstreetoasis.com/forum/investment-banking/m7-ib-associate-full-time-recruiting?customgpt=1, Offer to go to AM but I like M&A, Guide for Investment Banking Full-Time Recruiting, Division I All-American at Semi Target- quit or no?

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

You have a job, take it man. No reason to fuck yourself over by going for ER unless you have insane conviction or a deep rooted passion for it (which I’m assuming you don’t because of what you said). There are parts of WM which are actually pretty similar to ER, and you still get the benefit of working in the markets + wayyyy better WLB. You can make a killing and yes it is merit based but instead of viewing that as a negative you should frame it as a positive. I know some seniors in WM who rake in more than most #1 ranked II analysts lol…

 

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