Associate Question
College student here. I have a question about the exit opportunities for IBD associates.
It seems like the opportunities after an analyst stint are plentiful, but once you are in at the associate level exits are much more difficult. Why is this? Do buy side firms want to train you in their own methods or are you seen as too expensive to hire at this point? Associates should theoretically have the same skill set as analysts.
Regardless, for me this is most likely moot as I am interested in S&T. Just a question for the sake of knowing.
Too expensive. Why hire an associate when you can hire an analyst who has the same/better modeling skillset.
Associates do and can exit to buyside, but it's tougher and you really have to hustle.
Primary exits (out of banking): P/E; HF; biz dev; corp fin.
Thanks for the reply. So are the higher levels of banking mostly populated by people who went the MBA>>>>Associate route? I know some analysts get the direct promotion to associate and some come back after MBA, but from reading on this site most people seem to see the analyst stint as a stepping stone to buy side work.
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