Easiest FO job to get out of college?
It’s common knowledge that S&T and M&A are the most competitive areas to join in IB. I’m wondering which team is the easiest to join?
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Pick what genuinely interests you more, and you will find it easier to learn.
Commerical or corporate banking
are commercial and corporate considered front office?
Yes, you can even argue theyre more front office than ib due to holding the pen on client relationships
Maybe a BB mm teams like JPM mmbsi? Or unoptimal geographical boutique investment banking?
Suboptimal
PWM or Commercial Banking. Then probably equity research but that’s changing bc although it’s front office it’s not as revenue generating (look up mifid)
Corporate banking is also generally loss-making, kept around for the client relationships for M&A, cross-services etc
Same for ER- but for ECM/ trading vols
Corporate banking and they pay same base salary as IBD
^ just smaller bonuses
S&T is most competitive? Haven’t heard that one. Its not the pre 2008 glory days, S&T is paper pushing
you can argue s&t is one of the hardest seats to land these days given smaller analyst classes (but same size/likely more competitive applicant pools) and the job itself is harder to perform well with fewer people doing more work (1 person doing what used to be 5 people’s jobs just a few years ago). plus you have to be good with people and compete for business even at the analyst level right out of school as day-to-day mistakes or even just poor judgement LOSES MONEY (unlike >90% of other FO roles). all these things make people very picky about who they hire. even if it’s no longer the pre-crisis heydays
Drink ya koolaid mr. Trader
I go to an extreme non-target. Only places I’ve had traction with are ER and CIB. Take that for what it’s worth.
How to get a pwm internship? Do places hire for summer soon?
If you’re talking about strictly finance then I would guess pwn or commercial banking. If you broaden your horizons a little and look into real estate finance positions, then those are easier to get than top IB roles. What’s easy to break into really depends on your personality and interests. Some people are really into relationship building so pwm while others might enjoy building models in excel with IB.
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