Firm wants me to switch from Real estate IB to equity research coverage
I work at a mid-market investment bank and put in a tremendous amount of effort to get here. Long term, my goal is to move to the buyside. I was completely blindsided when they suggested I'd be a good fit for equity research. This isn't a performance issue—the other members of my team (just one VP and one MD) were surprised as well and want me to stay. However, there's a hiring freeze, and the firm’s new REIT equity research group needs support.
I spoke with my boss afterward and made it clear that I don't want to leave banking. He assured me I wouldn’t be fired if I declined the move, but emphasized that they want me to be a team player. Frankly, this doesn’t make sense to me. I’m supposed to get an update on Sunday. What does everyone think?
I'd say take it and start looking elsewhere. If you don't you might not be fired per se, but you'd be first in line for a RIF if that were to happen.
You also might learn something and like it. It's not like it's a bad seat.
You're 100% gonna get fired if you don't move to ER. Act accordingly.
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