Exit Ops Question

I’ve worked in m&a consulting after graduation this past spring for over half a year. I very badly want to break into IB - this just isn’t quite the same experience. Looking at opportunities and networking for them at EBs and MM coverage groups but it seems obviously extremely competitive. Considering some options at lesser known boutique shops - one of which is a biopharma specialized shop and it appears essentially all of their deal flow is ECM. Like mainly secondary offerings, minimal IPOs, a few PIPE. Maybe zero M&A and DCM no buyout PE portco sell side exits, etc. I am extremely interesting in private equity. I am pretty sure it’s what I want to do in 3-5 years. Does it make no sense to accept an offer at a boutique that doesn’t do anything other than ECM? I just worry that it’s simply too competitive for me to get into a well known firm coverage or m&a role given my unconventional path and the competitive nature. Do I go to the boutique for 2 years, become a coverage associate at a reputable bank for 1-3 years, then try PE? MBA? Would love to hear anyone’s thoughts and thanks in advance.

1 Comments
 

Omnis ducimus quas quia occaecati qui aliquid quia. Maiores nihil expedita et accusamus rerum.

Aliquam accusamus delectus eum. Numquam quis labore cumque asperiores. Repellat dolor corporis soluta et numquam. Nam et eos optio aut.

Iusto consequuntur ipsam quo velit culpa. Explicabo voluptas optio autem mollitia voluptatem. Eveniet natus omnis non praesentium hic alias. Tempore labore itaque quos eligendi.

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

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
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...”