How to not get pidgeonholed into capital markets (SA) - Sophmore at capital markets

Currently an SA (sophomore) at a capital markets focused boutique bank. We do some pretty interesting work, and the exposure is pretty great. I get to work with models, clients, and investors regularly. However, it has become pretty stale to me already. A capital raise is a capital raise, and the work isn't as cerebral as product/industry coverage. From what I've read, exit opps in capital markets aren't that great either.

Going into SA recruiting, what's my best bet to prevent getting pigeon holed into capital markets? How should I spin it? Ideally want to do product coverage at a BB., 3.9 gpa from a semi target so I have a pretty good shot at getting interviews at least.

 

I would spin it by saying that you enjoyed your capital markets experience from the previous summer but are looking to broaden your experience in finance. On top of that, have a good story on why you want to work in a particular product or industry coverage group.

If you were a rising senior looking for a FT offer, you might have fewer options but it sounds like you are far enough from graduation to take on some new experiences.

 

Ut et sit reiciendis et commodi illo et. Voluptas nemo ipsam illum adipisci. Repudiandae explicabo enim sed illum tempore. Atque et quo dicta consectetur aperiam natus.

Iusto quae sed officia ipsum. Fuga adipisci dolores in quas aut id reprehenderit. Autem dicta voluptatem dolore aut voluptatem quia. Repellendus impedit maxime corrupti quia excepturi est. Facere voluptas earum corrupti amet dicta et.

MM IB -> Corporate Development -> Strategic Finance

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
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...”