Currently starting my second year at a MM grad program, and realized that I want a more stable career path (seen pods blow up over the past year) but still want something equity markets-related. What would this process look like? How doable is a move like this? Not dead set on firm, just city. Wanting to make a move from Chicago to NY.
| +19 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 9 | 48m |
| +9 | PM is a dumbass | 5 | 5d |
| +5 | Fund 1 8%, fund 2 5%, when will fund implode? | 4 | 4h |
| +3 | Castle Hook Partners | 0 | 4d |
| +3 | Disclosed non public fund performance to a headhunter | 2 | 4d |
| +3 | Dragoneer | 1 | 12h |
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Transitioning from a Hedge Fund (HF) Analyst role to an Equity Capital Markets (ECM) Analyst position in Investment Banking is certainly doable, but it requires a strategic approach. Based on the most helpful WSO content, here’s what you need to know:
1. Leverage Your Equity Markets Experience
2. Networking is Key
3. Position Yourself Strategically
4. Consider Lateral Hiring Cycles
5. Be Prepared for Interviews
6. Target the Right Firms
By combining your HF expertise with a focused networking and application strategy, you can make the move to ECM in New York. Good luck!
Sources: ECM Exit Opportunities, https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1, Navigating The Floor: A S&T Analyst's Guide, Transitioning from Tech Sales to IB
Why ecm vs coverage in your industry?
Honestly still really like equity markets so would want to be closer to it. Have considered SS ER, but it just doesn’t seem value-adding (being on the buyside most seem like glorified news reporters, not doing much actual analysis). Haven’t looked too closely into M&A yet, is it something I could switch into smoothly in your opinion? Already assuming any IB-type role I’d switch into would be an An 1 level position.
LMAO buyside baby is too big-brained and analytical to do ER but wants to do ECM desk instead so he can wall-cross investors on small cap shitco raises or do bookbuilding monkey bitch work on the Anthropic IPO. Amazing self-own. I would encourage you mucho to really look into what both of these roles actually do before passing your naive and incorrect judgment on their suitability for you
This is why the MM need to stop hiring from undergrad I am convinced these are not exceptional one off undergrads but instead a cohort of clout chasing idiots.
Yes one WSO poster should end a decade of successful graduate hedge fund recruiting outcomes.
I see we’re using our brains today.
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