Just started in June at a large BB as a first year in Corporate Banking (CIB). Was super excited did six weeks of training, all of which is with IB (financial markets, modeling, M&A training) now that I am on the desk it is not everything I hoped for, I really want that fast paced deal driven IB experience. CB has seemingly been very repetitive and somewhat boring. I would love to lateral into an IB coverage role, any thoughts or advice would be greatly appreciated. Background T25 school, IB, CB, and PE internship experience. Is it too soon to start looking for a lateral role? Is it looked down upon to switch after just starting Banking career? Does it help that I went through the exact training IB went through?
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Can definitely be done but i do not have the experience or advice to answer, I’ll let someone more senior or with knowledge of that take this one
Exits most likely are lev fin out Corp banking.
sorry to comment this because it’s really irrelevant to your post but do you know when cb ft recruitment starts (or has it already wrapped up?)
Why not just make a new post
Not to rain on your parade, but IB is the same shit. "Fast-paced deal making" is just what they tell college kids to try and get them to join. Reality is repetitive, mind numbing ppt work and refreshing mostly premade models every now and then. There's a reason they say a monkey could do the job...
Appreciate the response and I totally agree, although I guess the better ways to phrase it is the deals I currently work on are boring and dealing with mostly treasury. Every deal sort of blends together whereas IB at least the deals are always somewhat different and def more exciting.
IB deals are all pretty similar once you do a few of them. If you're looking for better exits fine, but IB is a pretty painful job
I don’t blame you one bit my friend. CIB is boring idc what anyone says (even though WLB is much better), but you can lateral out into an actual IB role. My only question is, are you in a coverage group in CB? (TMT, FIG, Diversified Industrials, etc) Cause making a jump into a similar coverage team but for IB is your best bet. The only challenge I see currently is the overall market conditions. IB hiring is virtually 0 so that’s going to be one of your biggest challenges.
Exactly you get it for sure. Yes I am coverage in industrials. Yeah def not good a time at all for lateral hiring, my other thing is how soon is too soon to switch jobs without burning bridges. As I’m not sure the price but whatever cost goes into onboarding and training I’m sure they wouldn’t be happy, but is what it is I guess.
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