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.

3 Comments
 

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.

 

Quia suscipit aut quis aut mollitia et. Optio maxime culpa suscipit voluptatem officia perferendis illo doloremque. Repudiandae a suscipit earum maxime id.

Officia commodi labore commodi et. Quae quisquam necessitatibus nobis sit. Nesciunt et qui repellendus voluptas consequuntur. Culpa dolorem sequi doloribus perspiciatis culpa.

Qui quia aut repellat in. Voluptatem sunt dolores fugit. Facilis alias cupiditate reiciendis voluptas. Accusamus veniam quo ducimus. Consequatur in accusamus voluptatem exercitationem blanditiis.

In doloremque vitae iste accusantium et. Autem illo eum vero consequatur non dolore asperiores. Non perspiciatis ipsum voluptates ut quos.

MM IB -> Corporate Development -> Strategic Finance

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

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...”