Horrible feeling going into FT
Hi Everyone,
As the title says, I have the gut wrenchingly terrible feeling going into my FT job this summer. While I’m grateful I have a job in this market, my greatest fear is being stuck in an industry / role where it’s hard to move out of.
Recruiting was tough and I ended up getting a FT offer at a boutique advisor in an industry that a lot of people on here would say would pigeonhole me (think: real estate / Infra / FIG) and is also a sweatshop.
Im not sure what the lateral market will look like in 2024, but should I still move forward with the role? Nothing is gaining traction for recruiting before it starts this summer. Will just having a role with solid live deal experience put me in a position where I can lateral even if I’m in a niche industry?
yeah should focus more on getting a decent job in IB with solid deal experience and hope lateral market picks up sometime in 2024; tons of layoffs in BB and some MM banks, not sure if right now is a good time in general
is this a top 40 bank in BB/MM? how do you define a boutique and what city r u in; target undergrad?
You need to take a deep breath, like seriously. No one gets pigeonholed as an analyst - it's like late associate/VP where you are really committed to the industry. Just do a year and lateral out after. Obviously you should hold onto this job as you won't find anything remotely close for a 2023 start.
A year of good deal experience will make you competitive for almost any lateral spot. Depending on how "boutique" you are, that may have to be MM or it could be BB/EB. Just be knowledgeable on the industry you're looking to transition into and be able to talk about your experience well.
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