Sounds like a really really slept on career path. Our ECM MD and team appear to have great WLB and don’t take on any of the worry of relationship building / maintenance. Am I missing something? Or why is this path not talked about more frequently..
| +391 | Change My Mind: Banks Shouldn’t Hire Foreigners at All | 109 | 22m |
| +170 | Article - UBS’ Investment Bank Keeps Losing Ground | 34 | 2h |
| +78 | An Exhaustive Guide: How to Solve Every Single Accretion/Dilution Question | 6 | 5h |
| +51 | When to Leave Office as Intern | 5 | 2d |
| +43 | Best IB Group Overall? | 25 | 23h |
| +38 | Don’t work at UBS - UBS Sucks | 5 | 1h |
| +34 | Would you rather be a Touse Squid or a Bouse Mogger in IB | 2 | 2d |
| +31 | What do you say to ppl who don’t know EVR/LAZ/CVP/PJT | 22 | 1d |
| +31 | STEM student lost in London IB recruiting | 17 | 12h |
| +20 | Still recruiting SA'27 | 13 | 10h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump
Bump
One of the most appealing part of IB is that it teaches workers a ton of transferable skills like making pretty powerpoints and complex financial models that are useful in a ton of jobs and a ton of companies. After IB, you can work in at a hedge fund, a PE firm, a VC firm, or a long only mutual fund. If you want to work at a company, you can work in FP&A, Treasury, or Corp Dev, and hell you can even be a generalist at a later stage start-up. If you work in ECM, you are only learning how to work in ECM.
Did you miss the bit where the question is literally if ECM is a good path to go down for career banking, not what exits are available? Or is a circle-jerk about PE exits muscle memory to you?
I actually have little interest in going in to PE. I want a job that gives me a lot of transferable skills, and I am not sure ECM does that.
Not sure if ECM is as dead end as many people here sound.
At very senior level, there are banking heads came from ECM background.
At corporates, ECM can join IR or capital markets function that deals with investors (decent WLB as a potential semi retirement option for bankers exiting)
Some senior folks managed to build relationships with pre-IPOs they have worked with and exit into senior rank in strategic finance / corp dev. At the senior level you are a manager rather the the actual labourer. A strong relationship coupled with years of deal discussion experience (yes, discussion not execution, but you probably know stuff on a high level basis) is enough for you to drive the minions to work.
Correct me if I am wrong though
Autem fuga voluptatum provident ex. Est repellat fugiat voluptas ut aliquid sunt. Nisi reiciendis architecto consequatur minus voluptatem sed. Quis qui nostrum sed facere est. Rerum quaerat suscipit quia ea ipsum dolorem aperiam. Nesciunt dolores dolor facilis earum illo. Commodi ex nihil assumenda ducimus.
Aut fugiat possimus est. Molestias eum ut aut. Voluptas non ut quasi dolorum dolor perferendis nisi quae.
Quis tenetur eos pariatur. Quia et sit voluptas et eos porro ipsa quaerat. Modi amet doloribus ut debitis.
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...