For those of you that want to go the IB --> PE/VC route, what level of IB would you downgrade to before BB S&T becomes the better option?
Lower BB DCM? MM IB? LMM IB? no name boutiques?
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also have a stronger alumni network for BB S&T
I'm at a top elite boutique in M&A and would trade for a BB S&T role any day of the week.. I didn't get a single S&T interview. Trading seems much more engaging than churning out CIMs and reiterating models for the 100th time 4AM on a Sunday.
Do you think it would be wise for me to try and apply for S&T roles after a year of IB experience? I feel like long-term although it might not be safer since id have the opp to lateral into corp dev / business strategy role / pe / vc.. but I'd have a higher chance of generating a lot more money?
Some guy on the forum in a BB S&T said he makes 15% of money that he generates for his bank. 15% of 5 mil = 750k as his second year salary...
Second year analyst? No way. Around 150-170k all in, comparable to IB. If you're talking VP+ I could see it, but you'd managing a big book to have 5m in fees.
bump
S&T can leverage risk management, which applies to more than trades. The critical thinking is what the banks value and that will take you a long way prided you can adapt to new scenarios.
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