Help: FIG to FIG?

I'm now a 2nd year analyst in the FIG group of a lower tier BB. I really did not get great experience in my 1st year and have the opportunity to interview with one of the top BBs for a lateral FIG position. My concern is that if I do this I will be stuck in FIG for life. On the other hand, I think I will get better experience at this stronger bank which will help me recruit maybe a year later. Would like to go into HF next but would do PE as well (but don't want FIG-only PE).

Not gonna say which banks but the switch will definitely be significant to a stronger platform. Surely going to take the interview, but if anyone could give me some perspective on this would appreciate it. Anyone seen people break out of the FIG pigeonhole successfully? Thanks in advance.

5 Comments
 
Best Response

Have heard that the FIG "pigeonhole" exists but can be broken out of depending your experiences. I've gotten advice (some from members of this forum) that to the extent that you can focus on the EBITDA-based sectors within FIG, you'll have the opportunity to do non-FIG buyside opportunities.

Also, if your interest is in transitioning to a HF, I've seen FIG bankers go to top hedge funds and do non-FIG there. Hope this helps.

 

Have heard that the FIG "pigeonhole" exists but can be broken out of depending your experiences. I've gotten advice (some from members of this forum) that to the extent that you can focus on the EBITDA-based sectors within FIG, you'll have the opportunity to do non-FIG buyside opportunities.

Also, if your interest is in transitioning to a HF, I've seen FIG bankers go to top hedge funds and do non-FIG there. Hope this helps.

 

Vel velit magni sit sint voluptate voluptatem repellat. Tempora et beatae molestiae omnis.

Qui consequuntur molestias sequi sit dolor est. Quo molestias non qui et necessitatibus adipisci. Possimus mollitia accusamus perferendis quia sequi. Quis est non aspernatur autem aut quo quidem. Et quo quaerat odio dolore et maiores vel.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
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...”