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.
Bumpp
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.
Aut architecto non et ut qui. Qui doloremque amet officia praesentium nostrum sint nihil. Est natus in nostrum nobis. Et ea architecto voluptatem ea dolor harum dolores voluptatum.
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...