Better to re-recruit ft from mid-buyside or low tier bank?

Hi all,

I'm a sophomore at a target who feels like I really blew it during junior summer recruiting and is now looking ahead to full time, I want to maximize my odds of succeeding there. Would it be better to do a mm buyside firm in my chosen field or do a lower tier bank with my eye on recruiting for ft? Also happy to hear any other advice/recs. thinking of recruiting for consulting or adding a masters and joining CO '27

 

Navigating your career path after feeling like you've missed an opportunity can be challenging, but it's great that you're looking ahead and considering your options for full-time recruitment. Based on the most helpful WSO content and discussions, here's a breakdown of your options and some advice:

  1. Mid-Market (MM) Buy-Side Firm: Taking a position at a MM buy-side firm in your chosen field can be a strong move, especially if you're passionate about the buy-side and investment analysis. This experience can provide you with valuable skills and insights into investment strategies, portfolio management, and financial analysis. It's also an opportunity to build a network in the investment community, which can be beneficial for future opportunities. However, transitioning from the buy-side to investment banking or consulting might require additional effort, as the skill sets and daily responsibilities can differ significantly.

  2. Lower Tier Bank: Working at a lower-tier bank can still offer a solid foundation in finance, with exposure to deals, financial modeling, and client interactions. It might also provide a more straightforward path to recruiting for full-time positions in higher-tier banks or consulting firms, as you'll be gaining relevant experience in a similar environment. The key here would be to excel in your role, take on as much responsibility as possible, and leverage networking opportunities to position yourself for lateral moves or full-time recruitment at more prestigious firms.

  3. Recruiting for Consulting: If you're considering a pivot to consulting, it's important to tailor your experiences and resume to highlight transferable skills such as analytical thinking, problem-solving, and client management. Consulting firms value diverse backgrounds, and your finance experience can be a strong asset, especially in financial consulting roles or practices focused on financial services.

  4. Adding a Master's and Joining Class of '27: Pursuing further education can be a strategic move to reset your recruitment opportunities, especially if you choose a program with strong industry connections and recruitment prospects. It can also allow you to specialize further in your area of interest, whether that's finance, consulting, or another field. However, consider the financial and time investment required for a Master's program and ensure it aligns with your long-term career goals.

Additional Advice: - Networking: Regardless of the path you choose, networking will be crucial. Connect with alumni, attend industry events, and reach out to professionals in your areas of interest to gain insights and advice. - Skill Development: Continue to build your skills, especially in areas like financial modeling, data analysis, and presentation, which are valuable across finance and consulting roles. - Internships: If possible, seek internships or part-time roles during your remaining time in college to gain more experience and strengthen your resume.

Remember, there's no one-size-fits-all answer, and your decision should align with your interests, career goals, and the kind of work environment you thrive in.

Sources: Re-recruiting for full time senior year, https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1, Brief Introduction to Banking Recruiting at the MBA Level, https://www.wallstreetoasis.com/forum/investment-banking/m7-ib-associate-full-time-recruiting?customgpt=1, Full Time Recruiting outlook for 2021

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