Switch from Equity Research to IBD
I've been offered an ER position at a BB after an internship, but IBD is where I really want to be. Unfortunately, in this market, not many people are hiring, especially not through the non-internship route (I dont have any prior banking experience either).
My first question is: Should I take the offer, and then try and make the switch internally after a couple of years, or should I keep looking until the market picks up again? The reason I ask this is because some people have told me that being in ER virtually rules out ever being able to switch to IBD.
My second question is: If I do do ER for a couple of years, will I only be able to switch to an equity issuance team in my sector (if I am able to switch at all), or are options like M $ A still open to me? I will start at the analyst level in ER.
I dont have any previous banking experience, and dont really know a lot of people in the industry. I'd be really grateful if someone here could help me out.