How long does your IB experience carry?
Did 3 years at a BB, went A2A but left for a more chill commercial banking role. The role is quite easy and I’ll push around 175k all in this year which is my lowest year of comp in a while but I recognize the stark contrast in WLB, the amount of savings I’ve stockpiled from my years that will compound and also that this is objectively still a sizable amount of money for someone my age. All that being said, I kind of want to move towards something a bit more ambitious—I thought I was ready to just coast from here but I still have some desire to be challenged. Maybe at least corp dev, private credit, a later stage startup, VC, etc. My question is, since I’m considering my CB experience to be looked over in most cases, when does my IB experience “expire”? 1 year removed, 2, etc.?
Think for most of those you're probably good until you get towards senior associate.
Bigger "issue" which will happen in any role is just becoming more senior / specialized, that is more of an impact than your banking experience becoming stale.
Once you are getting into VP territory, you'll be competing with people with potentially 5+ years of role-specific experience... hard sell to be learning a totally new line of work when they can hire someone who knows it already. Banking is a neutral training ground but even so, you see VPs exit into corp dev roles within their coverage but it's rare to see someone completely go in a different direction unless they're massively downgrading roles or firm.
Great point. Not that I’m planning to stay that long anyways, but would being in a certain sector atleast help? I.e you want to do consumer VC and specialize in C&R CB
Yes that's always helpful - but also depends on what sandbox your firm plays in since CB isn't the same everywhere. If you're doing a lot of startup loans that's obviously much more compelling to VC than if you're doing scaled work with public companies. I'd make that clear on your resume as much as you can
If you’re in the venture banking space, do you think a corp dev / strategic finance exit is more likely? VC is hard no matter where you’re coming from and I recognize that. Wonder if trying to go corporate dev to CVC is a better path from here.
Is that comp in NYC or a LCOL?
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