Your firm just gave you a pretty unheard of opportunity, to move from support ops to the investment side is not typically offered. You would be crazy not to take this. If your trying to compare a FO position at a LO HF vs. being a career banker, there shouldnt be a single person on this site advising you to take the IBD route. The only, and I do mean only rationale for choosing IBD is if you need sponsorship longterm and you're concerned about the HF getting tanked during the inevitable recession in '23.
From a comp perspective, from a interest perspective, from every perspective I can think of, the HF offers a much more enticing opportunity. No one in their right mind takes IBD over a HF role. Yes the HF role comes with more risk and less of a transparent career trajectory, but dont choose IBD because it is safe. Everyone will tell you the buy side is more interesting because there is inherent truth in that. Corp Dev may not be as sexy as PE or working at HF, but I still find the work to be 10x more interesting than banking. All of my friends in their 3rd year of banking or later are bored out of their skulls, tired of going through the same motions. I dont know how people continue to do it year after year, when selling companies isnt really as sexy as people make it out to be. There is no investment thesis, growth bets, ties to macroeconomics (at least to the same degree of the buy side), or complex modeling like there is on the buy side.
Roll the dice and take this extremely unique opportunity.
Lastly, and I cant believe I forgot to mention this, going from BO to IBD is no easy path, despite getting into an M7. You probably would succeed given your work ethic, but if we enter a recession shortly you could suddenly find yourself fighting for an Associate spot at a boutique or MM. This whole IBD / PE route you described is nothing more than a back of the envelope plan, which may or may not come to fruition. The FO HF offer is real
Quia magni iusto asperiores. Quia voluptatem at quidem aspernatur provident saepe. Veritatis adipisci vitae laudantium dolorem amet veniam aut. Et maxime aut soluta. Aut dolorum deserunt veritatis et placeat debitis sit. Et autem repellendus sunt ipsum.
Quas necessitatibus quasi commodi vel rem quibusdam. Vel sed enim laudantium. Aperiam qui natus enim. Eveniet nihil rem id deserunt sunt amet ea voluptates. Perferendis omnis dolorem delectus id dignissimos et voluptates.
Esse occaecati quia aut officia aut. Asperiores esse omnis laborum. Aperiam voluptatem fuga quia eos voluptate accusamus. Temporibus voluptatum autem cumque cum odit. Recusandae exercitationem consequatur quisquam inventore et.
Praesentium exercitationem quia dolore et ut ipsam. Deleniti ut voluptas natus libero sit provident. Corporis aut accusantium id incidunt. Et explicabo rerum tempora culpa voluptas aut ipsa animi. Dolorem quod qui quae quia dolor vel suscipit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Rerum consequuntur quisquam velit est et. Dolores voluptatem et praesentium nesciunt. Voluptates quaerat dignissimos sed reprehenderit sunt blanditiis. Sint quia maxime dolorem.
Pariatur delectus ipsum quisquam voluptas doloribus sequi. Aut corporis deserunt voluptas sunt. Repellat asperiores nesciunt odit nulla.
Nemo vitae ut fugiat. Totam velit dolor voluptate est.
Et quasi autem quod saepe maiores minus sint. Laboriosam esse voluptatum consectetur facere et magni ipsam quod. Aliquam rem cupiditate voluptate aliquid eius qui reiciendis. Repudiandae est error aperiam ut quis id ut. Iste qui sed qui velit perspiciatis dolorem eos voluptatem. Molestiae nesciunt labore ipsa omnis.
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
Your firm just gave you a pretty unheard of opportunity, to move from support ops to the investment side is not typically offered. You would be crazy not to take this. If your trying to compare a FO position at a LO HF vs. being a career banker, there shouldnt be a single person on this site advising you to take the IBD route. The only, and I do mean only rationale for choosing IBD is if you need sponsorship longterm and you're concerned about the HF getting tanked during the inevitable recession in '23.
From a comp perspective, from a interest perspective, from every perspective I can think of, the HF offers a much more enticing opportunity. No one in their right mind takes IBD over a HF role. Yes the HF role comes with more risk and less of a transparent career trajectory, but dont choose IBD because it is safe. Everyone will tell you the buy side is more interesting because there is inherent truth in that. Corp Dev may not be as sexy as PE or working at HF, but I still find the work to be 10x more interesting than banking. All of my friends in their 3rd year of banking or later are bored out of their skulls, tired of going through the same motions. I dont know how people continue to do it year after year, when selling companies isnt really as sexy as people make it out to be. There is no investment thesis, growth bets, ties to macroeconomics (at least to the same degree of the buy side), or complex modeling like there is on the buy side.
Roll the dice and take this extremely unique opportunity.
Lastly, and I cant believe I forgot to mention this, going from BO to IBD is no easy path, despite getting into an M7. You probably would succeed given your work ethic, but if we enter a recession shortly you could suddenly find yourself fighting for an Associate spot at a boutique or MM. This whole IBD / PE route you described is nothing more than a back of the envelope plan, which may or may not come to fruition. The FO HF offer is real
Quia magni iusto asperiores. Quia voluptatem at quidem aspernatur provident saepe. Veritatis adipisci vitae laudantium dolorem amet veniam aut. Et maxime aut soluta. Aut dolorum deserunt veritatis et placeat debitis sit. Et autem repellendus sunt ipsum.
Quas necessitatibus quasi commodi vel rem quibusdam. Vel sed enim laudantium. Aperiam qui natus enim. Eveniet nihil rem id deserunt sunt amet ea voluptates. Perferendis omnis dolorem delectus id dignissimos et voluptates.
Esse occaecati quia aut officia aut. Asperiores esse omnis laborum. Aperiam voluptatem fuga quia eos voluptate accusamus. Temporibus voluptatum autem cumque cum odit. Recusandae exercitationem consequatur quisquam inventore et.
Praesentium exercitationem quia dolore et ut ipsam. Deleniti ut voluptas natus libero sit provident. Corporis aut accusantium id incidunt. Et explicabo rerum tempora culpa voluptas aut ipsa animi. Dolorem quod qui quae quia dolor vel suscipit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Rerum consequuntur quisquam velit est et. Dolores voluptatem et praesentium nesciunt. Voluptates quaerat dignissimos sed reprehenderit sunt blanditiis. Sint quia maxime dolorem.
Pariatur delectus ipsum quisquam voluptas doloribus sequi. Aut corporis deserunt voluptas sunt. Repellat asperiores nesciunt odit nulla.
Nemo vitae ut fugiat. Totam velit dolor voluptate est.
Et quasi autem quod saepe maiores minus sint. Laboriosam esse voluptatum consectetur facere et magni ipsam quod. Aliquam rem cupiditate voluptate aliquid eius qui reiciendis. Repudiandae est error aperiam ut quis id ut. Iste qui sed qui velit perspiciatis dolorem eos voluptatem. Molestiae nesciunt labore ipsa omnis.