ECM Syndicate Exit-Opps
I will most likely be working for the syndicate team of ECM for my 2 year analyst stint. I am not interested in PE for sure and might not want to stay in finance after two years. What are the exit opps like if I was to stay in finance and if I wasn’t going to stay in finance and maybe head towards tech or sports operations?
Haven’t heard much about syndicate so I’m trying to get as much info before I decide to focus on this area of ECM. So any info about bonus, hours, typical work would also be super helpful!
Bump
Bump
Comp in-line with rest of IB.
Hours much more market focused, however when pricing a deal can be late. Weekends very rare.
Exit ops. Buy side most common either in PE in a capital markets role (advising on existing portfolio exits) or a Hedge fund in their ECM strategy. Arguably better exit ops than ECM proper. Typically need to be VP or higher to be considered for the above.
So what are typical exit ops for an analyst besides switching to a coverage group in 2 years?
At two years, in my opinion, limited as you are still figuring out how equity markets work and really you are grooving process/reps and how to be a professional (e.g. speaking to investors, how to speak to senior bankers, speak to corporates). If you are at a decent BB, most people like the job and will stick around for a few years. After 2-3 years I have seen folks mostly go to MBA/law school or internal moves to coverage groups as you point out.
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