Best Teams to go from Australian Big 4 corp/insto banking to IB
Hi All,
Currently recruiting IB SA but have an insto grad role in hand for next year as a backup. Were there any particular teams people think would be best to target/they have seen others move from into IB?
LevFin is something I'm very keen on (even within the bank itself, probs the only role I would be willing to stay in and not move to an IB for), but if I'm unable to do that what other options would there be? I was also interested in project finance and corp dev M&A.
If anyone else were able to note any areas of insto which have transferrable skills to IB, I would greatly appreciate it.
Thank you!
Based on the most helpful WSO content, here are some insights on transitioning from Australian Big 4 corporate/institutional banking to Investment Banking (IB):
Teams to Target for Transition to IB:
Leveraged Finance (LevFin):
Project Finance:
Corporate Development (Corp Dev) M&A:
Other Areas with Transferable Skills:
Financial Planning & Analysis (FP&A):
Credit Risk Analysis:
Treasury:
Additional Tips:
By targeting these areas and developing the necessary skills, you can increase your chances of successfully transitioning from a corporate/institutional banking role to investment banking.
Sources: A Career in Investment Banking is Retarded, burnout / moving forward, https://www.wallstreetoasis.com/forum/investment-banking/should-i-pursue-st-or-ib?customgpt=1, [Very Long Post] Stepping Off the IB Train, Anyone who chose IB because it’s “dull?”
bump
Corp + Insto / LevFin for IB LevFin
PF for IB Infrastructure
Hi mate, cheers for the reply
Do you think it's realistic to exit from either of those to generalist coverage, such as at an EB?
Also do you think LevFin could be used to place into a coverage group if you've worked on lots of sponsor deals within that group?
Appreciate the help!!!!
The EBs / Boutiques generally hire from Big 4 Corp Fin teams; the big IBs generally hire grads / laterals / from aforementioned EBs and boutiques
I don't see why it wouldn't be possible, but I guess what it comes down to is the competition.
Does Big 4 Insto get you M&A reps? Not really, so then you might need to know somebody
Feel free to DM me if you want
CIB at big 4 normally has industry coverage teams and product teams. Sometimes there will be a very small m&a / advisory team. DCM and securitization are 1:1 in terms of experience (big 4 are actually really strong in that space). ECM the big 4 aren't normally the lead so that's sub par experience. Lev fin and project finance are probably your best shots. But my understanding (I went through this years ago) is you don't get much choice on these grad programs. I networked really hard internally and got great feedback so I could do a rotation in m&a / advisory.
Hey, thanks for the reply.
To be clear right - industry coverage would be for lending and other things, not really M&A related dealings? Unfortunately choice isn't really direct but I've already started networking for the areas which interest me so fingers crossed
Yep it's corporate banking coverage
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