How to position for FT team selection
Incoming AN1 at top BB, wondering how best to position myself for team selection.,I want to be competitive for the more productive teams at my bank, that usually have most exits.
Wondering whether during team networking, it's best to no hint to the fact that you want modelling exposure because you want to exit to the buy side. Of course, I wouldn't say this to the associates or VPs and above.
I was wondering whether communicating with AN1s or AN2s, that you want modelling/deal exposure because you hope to exit, or should you carry on communicating that you are indeed passionate about the investment banking and M&A industry and wish to stay in the business long term?
Essentially at AN0/ AN1 is talking about exits and buyside opportunities a taboo/hush-hush thing since of course this will influence my team selection -but perhaps I shouldn’t mention at this stage.
To position yourself effectively for FT team selection at a top BB, here’s what you need to know based on the most helpful WSO content:
Focus on Passion for IB and M&A: During team networking, it’s crucial to emphasize your genuine interest in investment banking and M&A. Expressing a long-term commitment to the industry will resonate better with associates, VPs, and senior bankers. Talking about buy-side exits or modeling exposure for exits can be seen as a red flag, as it signals a lack of long-term interest in the team or firm.
Strategic Communication with Peers: When speaking with AN1s or AN2s, you can be more candid about your desire for modeling and deal exposure. However, frame it in a way that highlights your eagerness to learn and contribute meaningfully to the team. For example, you could say, “I’m really looking forward to gaining strong technical skills and being involved in impactful deals.” This approach keeps the focus on your development without explicitly mentioning exits.
Modeling Exposure Without Mentioning Exits: Instead of directly linking your desire for modeling exposure to buy-side aspirations, position it as a way to deepen your understanding of the deal process and add value to the team. For instance, you could say, “I’m particularly interested in teams that offer hands-on modeling opportunities because I want to build a strong foundation in financial analysis and deal execution.”
Avoid Exit Talk Early On: At the AN0/AN1 stage, discussing buy-side exits is generally considered taboo. It can influence how you’re perceived during team selection, as teams may prefer candidates who appear committed to staying in banking. Keep your exit aspirations private and focus on demonstrating enthusiasm for the role and the team’s work.
Network Strategically: Use networking to understand the dynamics of different teams and identify those with strong deal flow and modeling opportunities. Ask thoughtful questions about the team’s culture, deal exposure, and learning opportunities without explicitly mentioning exits.
By positioning yourself as a motivated and committed candidate eager to learn and contribute, you’ll increase your chances of being selected for a productive team with strong exits, without raising concerns about your long-term intentions.
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