Associate Lateral / Exit / ??? Questions
Fellow Monkeys,
Long time lurker, first post. Worked my way to an MBA programme and was fortunate enough to land a seat in IB coverage group at a place like Jefferies/Wells Fargo/RBC/UBS/DB. Unfortunately, through the placement process, the group I joined is not in an industry of interest. At the time, it was much more important to get a seat at the table than nitpick over groups. As such, I have been thinking of options, especially as bonus season starts and some seats should open up. The options I see are as follows:
1)Lateral internally, if possible, to a coverage group that is more in-line with my interests/background 2)Lateral externally 3)Move to industry (corporate development) 4)Suck it up, work through to next bonus and get 1.5 years of experience before moving to 1, 2, or 3.
My concerns of moving internally have to do with the politics of doing so, and if I'm going to move, why not "uptier" in the process? External movements might be hard to change both bank and industry, but not impossible. Corporate development jobs may not be an option just yet, given that I have ~6-9 months post-MBA experience, and haven't closed an M&A transaction yet. Staying in the current spot for much longer seems like it will be hard to get out of the industry my group covers.
Each has upside and downside, along with feasibility concerns. Ultimately the goal is to work in IB and move to a corporate role, after ~3-4 years of IB. I'd appreciate any thoughts you have, or anecdotes of associates that may have had experience in any of the 4 options outlined above.
TL;DR Stub Associate in a coverage group that isn't an industry I have experience in/like, thinking of options.
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