Better Exit Opps: ER or ECM
Title says it all. Curious to hear which role has better exit opportunities, all else equal. I also don't consider switching to a coverage group or M&A an exit.
Title says it all. Curious to hear which role has better exit opportunities, all else equal. I also don't consider switching to a coverage group or M&A an exit.
| +450 | Don’t work at UBS - UBS Sucks | 43 | 15m |
| +330 | Article - UBS’ Investment Bank Keeps Losing Ground | 43 | 18h |
| +215 | Should My Intern Get a Return Offer? | 59 | 17h |
| +60 | Getting Laid in IB? | 28 | 20h |
| +56 | F*ck it I'm Going to Med School | 19 | 2d |
| +50 | Living in greenwich as an analyst? | 10 | 5h |
| +38 | Intern keeps sleeping at work - what to tell them | 19 | 1h |
| +31 | Nauseous every morning for past 3 years in IB, anyone else? | 20 | 10h |
| +27 | NYC Associate Budget | 9 | 1d |
| +27 | Going out / social schedule as AN1 | 14 | 23h |
Career Resources
It depends. Tech ECM can give you solid exits (despite the commentary on this forum from 1st year M&A analysts 2 weeks into the job) to VC, or late stage growth - although the lines between the two are blurred nowadays.
Research will be pretty solid across the board. Common exits are pretty much only HF, asset management (fidelity etc) or to IB (within high finance). No to PE (very rare since no deal experience).
If you want to do IB, ECM. If you’re want to do PE, go to ecm then lateral to a group that models. If you want to do HF, research.
How realistic would the exits to corporate development be for each?
I hate saying "low" since paths are very seldom linear, despite what many aspire to on this website. I will leave it at: it's possible.
But let's dig into why. What does corpdev do? Either fully in house M&A, or work with a bank on M&A processes. Research and ECM have very little in common with M&A seats. The "direct" transferrable skillset is low - HOWEVER, it just depends where you go. A startup might LOVE the wall street experience, and just believe in you to hustle. A very large, established company, will have tons of burnt out M&A bankers applying so your chances there are lower.
What I'll say is this: go to the role where you will learn the most, find good mentors, and enjoy working with the people. Being a stud in whatever field you are in often deviates off the beaten path and allows you exit ops that are considered "non-standard", at least that's how it's worked in my career.
Disclaimer: I do not work in M&A, nor CorpDev, just opining based on what I have seen in my career as well as a few friends in related fields to those that you mentioned.
Enim at laboriosam magni sit. Delectus laborum deserunt reiciendis ipsa. Distinctio hic eveniet et et sit est enim. Quam odio explicabo fugiat nostrum facere. Inventore sint praesentium eum qui tenetur tempora corrupti. Tempore ab nulla culpa aut ratione.
Ipsam quia praesentium tempore ea repellat aut ad. Aut dolore aut eos est vel. Ducimus consequuntur accusantium sunt rerum sunt illo fugit. Porro ut dolorem amet ad iusto hic quos.
Et et odio ut incidunt ducimus. Ea sunt laudantium ex quam. Aut quia nobis voluptatem consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...