Currently working in PWM but I’ve lost interest in it. Been here for over 2 years working with clients with a net worth of $500m+ so have been fortunate to work with some interesting people and projects. Ultimately, I want to be more involved with the markets and I’m not getting the exposure I’d like here. I have some connections in the industry that are senior level and well connected so I've reached out to them for some advice. Just waiting on a night to grab some drinks. I’m not too sure how big of a hill I need to climb to make the jump since it’s part of IB which is typically quite competitive. Hoping someone can share their experience and provide any insights. Happy to provide more information if that will help.
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Depends on the firm, if it’s separate from traditional IB it’s likely easier. But it’s likely only marginally easier. A lot of folks on here shit on ECM, DCM, pub fin and corporate banking, but the reality is that while exit ops are worse, lifestyle is usually more sustainable and there are more lifers.
The market is really hot right now and I have seen people with less relevant (relative) background enter IB recently - people who would have otherwise been overlooked pre-covid. My advice is to target the lower tier BBs ( RBC, UBS, Deutsche) as many analysts/associates from those banks are ‘trading up’ for better the better banks (GS/MS or EBs) given the overwhelming demand and there are plenty of open spots to be filled. Polish up your resume / pitch and start reaching out to bankers via LinkedIn and you should do fine. Be fast though - the market might not be that hot a few months from now.
What positions should I be targeting? VP's and Directors? I am 27 so I hope that doesn't disadvantage me too much.
Incoming Analyst coming out of undergrad, so take this with a grain of salt, but given your age/lack of directly relevant experience I would guess associate level would be appropriate
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