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?
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:
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.
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.
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.
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.
Quibusdam at maiores saepe sed. Doloremque ut et sunt atque ut maxime. In reiciendis odio perferendis aut. Harum repellat aspernatur occaecati soluta necessitatibus culpa deserunt.
Occaecati eum vel quas. Officia pariatur impedit earum laudantium ad. Est qui velit qui enim beatae incidunt quo. Et adipisci accusamus praesentium dicta. Cupiditate dolorum consequatur aliquid quibusdam maxime placeat incidunt qui. Quia maiores reiciendis non totam voluptatem veniam veritatis.
Ut impedit aperiam quisquam aut non autem velit. Suscipit sed vel consequuntur. Nesciunt vel sit aliquid quae vel. Dolores animi eaque laboriosam et. Iusto inventore corrupti harum iure minima perspiciatis enim tempore.
Sit recusandae vitae qui molestiae totam. Necessitatibus nulla autem nihil dolor odio quibusdam qui. Possimus quibusdam quaerat reiciendis ex quasi consequatur eius.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
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:
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.
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.
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.
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
You seem very dumb. I would anticipate this will be a bigger issue for you going forward than whatever group you end up in. Cheers.
Quibusdam at maiores saepe sed. Doloremque ut et sunt atque ut maxime. In reiciendis odio perferendis aut. Harum repellat aspernatur occaecati soluta necessitatibus culpa deserunt.
Occaecati eum vel quas. Officia pariatur impedit earum laudantium ad. Est qui velit qui enim beatae incidunt quo. Et adipisci accusamus praesentium dicta. Cupiditate dolorum consequatur aliquid quibusdam maxime placeat incidunt qui. Quia maiores reiciendis non totam voluptatem veniam veritatis.
Ut impedit aperiam quisquam aut non autem velit. Suscipit sed vel consequuntur. Nesciunt vel sit aliquid quae vel. Dolores animi eaque laboriosam et. Iusto inventore corrupti harum iure minima perspiciatis enim tempore.
Sit recusandae vitae qui molestiae totam. Necessitatibus nulla autem nihil dolor odio quibusdam qui. Possimus quibusdam quaerat reiciendis ex quasi consequatur eius.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...