IB Associate Leaving for CorpFin at FAANG
Been grinding out at a middle market firm as IB Associate for 2 years (post-MBA), thinking of leaving for a corporate finance role at FAANG. Any thoughts? Pros and cons? Am I leaving a ton on the table?
Been grinding out at a middle market firm as IB Associate for 2 years (post-MBA), thinking of leaving for a corporate finance role at FAANG. Any thoughts? Pros and cons? Am I leaving a ton on the table?
+2,800 | Bank of America - Juniors Strike to start Monday May 6th | 303 | 7m | |
+733 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 74 | 1h | |
+470 | This is a dark day for Wall Street. | 30 | 3h | |
+160 | Big Layoff at Barclays - 5/1/24 | 86 | 14h | |
+137 | Analyst at Bofa FIG-Thoughts | 26 | 21m | |
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+109 | Shame on you, BofA. But also, the industry needs to change. | 16 | 2h | |
+101 | BofA List | 22 | 1h | |
+72 | Sleeping on Jefferies??? | 35 | 1d | |
+63 | Hey WSJ, BBG, CNBC, FT, it's been more than 72 hours that this BofA IBD Associate was reported dead | 5 | 2h |
Career Resources
Switching from an IB Associate role at a middle market firm to a corporate finance position at a FAANG company can be a significant career move with both pros and cons. Here's a breakdown based on the WSO discussions:
Pros of Moving to Corporate Finance at FAANG: 1. Work-Life Balance (WLB): Generally, corporate finance roles at FAANG companies offer better work-life balance compared to the demanding hours in investment banking. 2. Company Prestige and Stability: FAANG companies are highly regarded globally, which can enhance your resume. Additionally, these companies often offer more job stability. 3. Diverse Opportunities: Working in corporate finance at a tech giant allows you to be involved in various strategic financial decisions, potentially leading to diverse career paths within the company.
Cons of Leaving IB for Corporate Finance: 1. Compensation: Initially, you might find that compensation in corporate finance is less competitive compared to the bonuses and overall earnings potential in investment banking. 2. Career Trajectory and Advancement: The pace and visibility of career advancement can be slower in corporate finance. In investment banking, strong performers can move up quickly and gain significant exposure. 3. Intensity and Challenge: If you thrive in high-pressure, high-stakes environments, corporate finance might feel less challenging compared to the deal-driven nature of investment banking.
Considerations: - Long-term Goals: Reflect on your long-term career aspirations. Corporate finance roles can lead to senior leadership positions within the company, which might align better with your personal and professional goals. - Cultural Fit: Consider the work culture at FAANG companies, which can be quite different from the culture in investment banking. Ensure it aligns with your work style and values.
Ultimately, the decision should align with your career objectives, personal life goals, and the kind of work environment in which you thrive.
Sources: Q&A: Leaving PE After 2.5 Years for Corporate Finance, Which Would You Prefer, What would you choose: IB vs SWE @ FAANG?, IB Associate and VP Exits - Where are you now?, https://www.wallstreetoasis.com/forum/investment-banking/pros-and-cons-ib-vs-pm?customgpt=1
Iste soluta quo quasi tempora dignissimos sunt. Itaque expedita eum ipsam rerum repellat.
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