Exits from "Bad" Groups?

If I end up in a "bad" group at a BB (something like BofA EGRC, UBS Tech, or DB Healthcare, as commonly mentioned on this forum), what do exits look like? I'm not interested in PE—would much rather prefer corp dev or private credit; does that change the calculus at all?

3 Comments
 

Based on the most helpful WSO content, even if you end up in a "bad" group at a BB, your exit opportunities can still be solid, especially if you're targeting corporate development or private credit instead of PE. Here's what you should consider:

  1. Corporate Development: This is a common and achievable exit for those coming from less prestigious groups. Many companies value the M&A and capital-raising experience you gain in banking, even if it's from a less sought-after group. Corporate development roles often offer better work-life balance and still leverage your banking skill set effectively.

  2. Private Credit: Transitioning to private credit is also feasible, as it often values your understanding of capital structures and debt markets. If your group has exposure to leveraged finance or debt-related deals, it can be a strong stepping stone.

  3. Networking and Proactivity: Regardless of the group, your ability to network and demonstrate your skills will play a significant role. Building relationships with recruiters, reaching out to professionals in your target fields, and showcasing your deal experience can help overcome any perceived disadvantages of being in a "bad" group.

  4. Skill Development: Focus on developing strong technical skills and a solid understanding of the deals you're working on. Even in less prestigious groups, producing high-quality work and gaining relevant experience can make you competitive for these exits.

Ultimately, while being in a "bad" group might make the path slightly more challenging, targeting corp dev or private credit instead of PE does make the transition more realistic.

Sources: Breakdown of Post-IB Exit Opportunities, 2017 Commercial/Corporate Banking Bonuses, Breakdown of Post-IB Exit Opportunities, Exit opps for corporate strategy, 2017 Commercial/Corporate Banking Bonuses

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

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