18 Comments
 

I'm interested in hearing answers to this as well.

"If you want to succeed in this life, you need to understand that duty comes before rights and that responsibility precedes opportunity."
 

What were those pitchbooks for? Were they Investment Memoranda? If so then that is your deal experience right there. Well putting together powerpoint presentations does not show technical competence to the extent that excel modelings do, you can still make a persuasive argument that you have had extensive deal exposures through these assignments.

Too late for second-guessing Too late to go back to sleep.
 

What geography are you in? Have you done any self study for modeling/have you been OK with technicals in your interviews?

I was in a similar situation last year and managed to make the move (still lower MM, but at a bank with good deal flow). It's all about how you can spin your experience.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

Keep your job, and pay an Indian to do the pitch books for you and then go lay out on the beach.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 
duffmt6

What geography are you in? Have you done any self study for modeling/have you been OK with technicals in your interviews?

I was in a similar situation last year and managed to make the move (still lower MM, but at a bank with good deal flow). It's all about how you can spin your experience.

I am in t

 
Best Response

As others have said, you'll have to spin what you've done to make it sound better to lateral employers. If you've done any strategic advisory work, such as providing buyside ideas, detailed valuation work, etc. then creatively list them as deals on your resume (list them under relevant transaction & advisory experience). If you've gotten deals to the IOI or LOI stage at which point they've fallen apart, still list them (as pending, on hold or cancelled) as 95% of the analyst legwork is done before you sign a LOI, so it's good to show you've at least gotten to this stage.

Regarding modeling, grab financials from your company's drive and start practicing so that in the event a bank asks you to a take a model test, you can do it in your sleep, as that will give you a lot of credibility.

As for your friends at more reputable banks, don't worry about them looking bad. Bankers lateral for better opportunities all the time, so make use of the connections you have, especially if you know them well. Just make sure you list everything in the best way possible, know your technicals/modelling and behavioral questions cold, and you should have no concern about embarrassing your buddies at "better" banks.

 

Don't be embarrassed to ask your friends- especially if you're willing to start over as a first year. In my book, a year of making pitch books puts you ahead of someone coming out of UG

 

[quote=milehigh]

As others have said, you'll have to spin what you've done to make it sound better to lateral employers. If you've done any strategic advisory work, such as providing buyside ideas, detailed valuation work, etc. then crea[]

 
milehigh

As others have said, you'll have to spin what you've done to make it sound better to lateral employers. If you've done any strategic advisory work, such as providing buyside ideas, detailed valuation work, etc. then creatively list them as deals on your resume (list them under relevant transaction & advisory experience). If you've gotten deals to the IOI or LOI stage at which point they've fallen apart, still list them (as pending, on hold or cancelled) as 95% of the analyst legwork is done before you sign a LOI, so it's good to show you've at least gotten to this stage.

Regarding modeling, grab financials from your company's drive and start practicing so that in the event a bank asks you to a take a model test, you can do it in your sleep, as that will give you a lot of credibility.

As for your friends at more reputable banks, don't worry about them looking bad. Bankers lateral for better opportunities all the time, so make use of the connections you have, especially if you know them well. Just make sure you list everything in the best way possible, know your technicals/modelling and behavioral questions cold, and you should have no concern about embarrassing your buddies at "better" banks.

sa
 

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