In general does it take longer at BB's to move up through the ranks than boutiques, or vice versa? I've also heard of people making MD by 30 in good groups too like M&A etc. does it have anything to do with the group and the age of the people in the group or if your good, it doesn't really matter and you'll move up regardless. Anyone with some banking experience that could shed some insight would be much appreciated. Thanks
| +3,069 | Bank of America - Juniors Strike to start Monday May 6th | 312 | 9m | |
| +761 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 76 | 35m | |
| +486 | This is a dark day for Wall Street. | 30 | 10h | |
| +165 | Big Layoff at Barclays - 5/1/24 | 87 | 4h | |
| +157 | Analyst at Bofa FIG-Thoughts | 26 | 5h | |
| +122 | “Americans just work harder” | 54 | 1d | |
| +111 | Shame on you, BofA. But also, the industry needs to change. | 16 | 7h | |
| +106 | BofA List | 21 | 8h | |
| +72 | Sleeping on Jefferies??? | 35 | 1d | |
| +65 | How to strike without being fired. | 10 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Best Group to move up within a bank (Originally Posted: 02/15/2011)
I see a lot of topics on here asking what's the best group to be in if one is trying to get into PE/HF after 2 years. I haven't seen anyone ask this question.
What is the best group to start in as an analyst if your goal is to move up within a bank? (with a long term goal as some sort of executive)
In that case, your group doesn't really matter. All that matters is that you excel and stand out within your group.
like getting exit opps, be a strong analyst but dont meet up with headhunters when they reach out. once you make it to second or third year associate level your sales skills become important. then its up to you if you can communicate to clients and start creating revenues as opposed to being an excel monkey.
If your skills are more technical in nature than I would highly recommend going into the capital markets division. Those guys work easy hours (though DCM is getting crushed right now) and at the senior level just chime in with a rate quote or quick commentary on the market. Pretty easy compared to IBD.
There is no group that will be a particularly fast way to the top (equivalent of FMP/CAS in GE) for banks, so like the other poster said, the key is to excel. You can do that by moving into the group that best fits your skills and interests.
yes or move to something which is hot... 15 years ago the debt skills was usefull.. plenty of people with just 8 years of high yield debt could become MD at leading BB banks... things have changed though.. I would say it is easier at high revenue generating teams or regions which are hot...
Et nihil non officia illo iusto. Occaecati inventore tempora tempora in maxime. Maiores molestias quia labore ut et soluta occaecati.
Impedit asperiores iusto reiciendis similique provident repudiandae voluptate. Est voluptas in aut quaerat cum rerum. Velit voluptatem natus expedita distinctio minus perferendis animi magni. Eaque voluptate aliquam iste omnis molestiae architecto consequatur placeat. Ipsam aut ipsam aut assumenda. Explicabo ea ducimus eaque sunt nobis perferendis et doloremque.
Unde mollitia nulla culpa sunt. Consequuntur rem facere veritatis nisi debitis eligendi a. Nihil similique eos id quas. Unde ex adipisci qui quo ipsum. Consequuntur tempore sed quae itaque unde earum qui.
Laudantium ea tempore fuga suscipit voluptatem aut. Qui veritatis consequatur distinctio iusto et. Qui voluptatem aut temporibus est vitae.
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...