Valuation exp + semi-target MSc for ER

I simply can't get enough rejection for ER positions. I tried my best to have at least some internships but I just can't get any. I took a valuation job at a b4 firm and am just trying to establish myself here until my masters starts in September. Just anxious about my prospects in ER in London, given that my school is lower tier target of semi-target.

I will continue to try my best to get any ER/IB experience in the meantime but I can't think it will get shiny from here. For valuation I'm rotating between different functions and am learning a lot of investment intuition and modeling skills.

Is it possible to make it to ER with only valuation experience?

Comments (9)

Jan 5, 2022 - 8:22pm

Dude don't do a masters, just get your ACA and lateral, this is literally done all the time. You're wasting potential earnings on a masters and frankly it's probably not going to get you that much closer if it's just a semi-target.

  • Analyst 1 in CorpFin
Jan 5, 2022 - 8:25pm

Job is based in Australia (im originally from Asia tho) so problems arise with location. It's a semi-target yes but has a bunch in ER across BBs in London.

Jan 5, 2022 - 8:41pm

Is it a semi target at undergrad or at masters level? These are different lists. There are some targets at undergrad that are only semis at Masters (Warwick). I'll let you infer what that means for semi targets at undergrad.

So if you're seeing people in BB ER then have they come from undergrad or from masters. That matters.

Jan 5, 2022 - 8:53pm

Oh. I can't think of a postgrad school that would be a semi from the continent and still hit heavy. Fair enough, if it does it does. 

How long have you been in the Val job? Is there an ACA equivalent?

If you're just applying for grad jobs, the Val experience should be fine BUT ER is absolutely tiny even in London. Not many straight up grad jobs (without going through SA) going around. And idk if they'd take you on as an analyst 2 without a full ACA (or equivalent) since that's normally the level you come in at if you go that route. However that doesn't mean you have no chance, all you need is one success, just the logistics kind of work against you a bit.

Jan 5, 2022 - 8:58pm

I think I didn't word this correctly.What I mean by getting into ER is exactly SA, then convert it from there haha. Of course I know better than to think going straight to ft is possible.

Also I'm not a native speaker so "heavily" might not be the correct word. What I mean is that they have a track record of sending students to London as a primary destination.

I'm not sure if ACA is big here. I'm thinking about CFA though, both to make myself a better candidate for ER and to brace for exits like AM and L/s HF

Jan 5, 2022 - 9:00pm

Ah is it a two year masters?

CFA L1 would be a good shout as well yes.

Obviously if you're going for SA then Val exp should be more than fine. Plenty of SAs at BBs with no experience lol (but generally better schools)

  • Analyst 1 in CorpFin
Jan 5, 2022 - 9:01pm

Et et sit et est. Impedit excepturi molestiae eligendi distinctio tenetur provident voluptates. Voluptates quis rerum ipsum voluptas quisquam consequatur quis iure. Atque recusandae est ipsam ducimus perspiciatis. Accusantium iusto commodi eveniet consequatur at hic nostrum.

Consequatur at deleniti ut asperiores modi odio. Est non id vitae modi eligendi modi et numquam. Et pariatur qui aut rerum eius tempora veritatis. Ab et rerum et ad ducimus sit.

Ipsum qui quisquam in vel. Temporibus fugiat sint qui aperiam. Aperiam porro ut error odio ad et. Consequatur rerum sint fugiat sit.

Start Discussion

Career Advancement Opportunities

January 2022 Investment Banking

  • RBC Capital Markets (▲08) 99.5%
  • Bank of America Merrill Lynch (▲03) 99.0%
  • Jefferies & Company (▲05) 98.6%
  • Evercore (▽01) 98.1%
  • BMO Capital Markets (▲07) 97.6%

Overall Employee Satisfaction

January 2022 Investment Banking

  • Evercore (▲01) 99.5%
  • Robert W. Baird & Co. (▽01) 99.0%
  • Wells Fargo and Company (▲05) 98.6%
  • Truist Securities (▲12) 98.1%
  • Jefferies & Company (▲12) 97.6%

Professional Growth Opportunities

January 2022 Investment Banking

  • RBC Capital Markets (▲10) 99.5%
  • Jefferies & Company (▲05) 99.0%
  • Wells Fargo and Company (▲07) 98.6%
  • Evercore (▽01) 98.1%
  • Bank of America Merrill Lynch (▲03) 97.6%

Total Avg Compensation

January 2022 Investment Banking

  • Director/MD (5) $604
  • Vice President (22) $385
  • Associates (148) $241
  • 2nd Year Analyst (85) $153
  • 3rd+ Year Analyst (15) $150
  • 1st Year Analyst (296) $142
  • Intern/Summer Associate (64) $142
  • Intern/Summer Analyst (225) $90