4 Comments
 

Based on previous WSO threads, here are some insights on transitioning from Investment Banking (IB) to a family business:

  1. Skill Development in IB:

    • Deal Cycle Exposure: Working in IB will provide you with valuable exposure to the deal cycle, including interacting with management teams, execution, and presenting professionally to potential co-investors. This experience is highly beneficial for running a business.
    • Technical Skills: IB will help you develop strong financial modeling and analytical skills, which are crucial for making informed business decisions.
  2. Networking and Professionalism:

    • Professional Network: Building a network in IB can be advantageous when you transition to the family business. The relationships you form can provide valuable insights and opportunities.
    • Professionalism: The rigorous environment in IB will instill a high level of professionalism and work ethic, which can be beneficial in any business setting.
  3. Alternative Perspectives:

    • Entrepreneurship: Some suggest that entrepreneurship can be as lucrative, if not more so, than private equity. Joining the family business while your dad is still around can provide you with invaluable mentorship and learning opportunities.
    • Operational Experience: The operational experience gained in a family business can sometimes trump the typical banker skill set, especially in a lean team setting where fit and interpersonal skills are crucial.
  4. Long-Term Considerations:

    • Burnout Risk: Be aware of the potential for burnout in IB. It's important to balance the intense workload with your long-term career goals.
    • Personal Fulfillment: Consider what will make you feel fulfilled in the long run. Some suggest that building and growing a business can be one of the most rewarding experiences in life.

In summary, working in IB can provide you with a strong foundation of skills and experiences that are highly transferable to running and scaling a family business. However, it's also important to weigh the benefits of gaining direct operational experience and mentorship from your father. Balancing these factors will help you make an informed decision about your career path.

Sources: Do banking and PE make you a better business owner?, Q&A: GS/MS IB Analyst —> Megafund PE Associate —> HBS/GSB Business School, Do banking and PE make you a better business owner?, Family office Private Equity - help, Best Path Before Entrepreneurship / Search Fund

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

IB doesn't teach you to be an operator.

Try to join a competing company that's larger than your father's. Work there for 2-3 years and be a sponge. Hopefully you'll get some senior management / C-suite exposure if you get the right role. Compare and contrast what both companies do. Then bring that knowledge to the company when you do jump to the family business.

 

Alias corrupti alias necessitatibus quibusdam et quia. Qui rerum voluptate non est est. Praesentium eos ipsa voluptas ut. Necessitatibus perferendis pariatur maiores repudiandae dolores aut.

Occaecati natus sequi occaecati maxime. Ratione magni ipsum eum saepe impedit cumque harum. Ut ut vel aut esse saepe minima nobis.

Vel maiores maiores excepturi. Aut culpa quod earum ipsa provident nesciunt. Impedit distinctio libero minus deleniti aut facilis exercitationem. Temporibus nemo vel ex vel non.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • Goldman Sachs 02 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”