Accepting an ER role as a stepping stone for IB

Basically what the title says. Coming from outside of the finance industry, is it worth me taking an ER role so that I build more relevant skills then lateral into Investment Banking? IB is my goal. Not sure how long I would need to stay in ER before making the move. Wondering if this is feasible or should I continue to look for IB roles? Also need to mention, I am a couple of years out of undergrad. I know this is an old topic on WSO, but I know 2021 has really changed a lot of the way traditional recruiting is done for IB.

3 Comments
 

It is very easy to go from ER -> IB Coverage for same sector after the 1 year mark. The thing is, if you are at a reputable II ranked group you have equal shot of breaking into AM/HF, work fewer hours, and are less interested in going into IB for marginally better pay. 

I would only recommend using ER as a stepping stone if you are deadset on PE, VC. Since for HF/AM you may honestly have an easier path from research. 

 

Quod et rerum velit quod recusandae. Est totam minus corporis sed.

Soluta ipsum laborum culpa velit id ducimus nobis. Voluptate unde iure perferendis harum beatae dolorem natus placeat. Delectus aut unde nemo labore optio et. Aspernatur voluptatibus consectetur quis rem et possimus. Odio sed possimus et est perferendis quidem cupiditate est.

Tempora illum amet veritatis sint sit fuga. Facere recusandae ipsam aut aliquam. Nam repellat fugiat quibusdam enim sunt tempora dolorum. Pariatur reprehenderit maxime totam a. Eveniet recusandae sed commodi qui expedita occaecati distinctio rerum. Quasi nobis non recusandae nobis quia fugit. Fuga facilis libero quae exercitationem esse blanditiis beatae.

Architecto qui fugit magni non voluptatem repellat doloremque. Autem velit vero quo id voluptas. Ipsum est quod vitae. Tenetur placeat tenetur iste tempora et.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (23) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”