I’m doing a business + cs double degree, so I have a technical background. Let’s say I do well in recruiting and land a BB/EB role (hopefully in a tech group). Have you guys heard of ppl in IB lateraling to a FAANG PM role?
PM seems interesting and I feel like it could be a great exit after IB, but I don’t know much about either fields lol. Thoughts?
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Think your best bet would be going to a tech company (wouldn’t set your sights on FAANG and expand to early or later-stage startups) working in strategic finance or business operations – the latter better as it interfaces way more with PM – and trying to switch internally. I looked into this but haven’t really seen IB -> PM done especially for FAANG companies; there’s usually either an MBA or a business role in tech in between the jump. You could look into those rotational PM roles the big tech companies have but not sure if they take industry hires vs. undergrads
As someone currently working in tech who switched from banking, I also wouldn’t really recommend jumping straight into PM because there is so much you’d need to learn about how businesses operate outside of what you learn in IB in order to really succeed in that type of role
What are the specific job titles for bizops roles with two YOE? What does comp (base/bonus/equity) and WLB look like? I'm very familiar with strategy / corp dev roles but if TC / WLB ratio is good in bizops without sacrificing MBA / general career prospects down the line I might prefer that
Can be done with just a bit of case prep. I've gotten a couple of FAANG interviews already, and I'm not even at a BB.
How have you navigated talking about the switch and what you bring from IB (maybe it’s productivity, working with diff types of ppl, etc. idk)
I have plenty of friends who went straight into PM roles/internships at FAANG/Microsoft, not sure why you don't just do that.If you don't want to do that and you want general knowledge of businesses first, the best way to get PM is start at MBB. You can do a quick search - there's many ex MBB doing PM work at tech companies or strategy at tech companies. Banking work/skills isn't relevant to PM, MBB would help you more gain the skills for that transition, especially since the interview process for both are case based and very similar.But if I were I don't know why you wouldnt try to go directly to PM or recruit for SWE and then exit to PM.
PM isn’t a traditional IB exit by any means - it’s a highly uncommon and awkward IB exit compared to options I said above.
Do you think there’s any incremental value from the IB stint when transitioning over? Def will prob need a BizOps type of role post-IB (or internal PM at a bank) to get closer to PM in the intermediate term if I strike out with FT PM recruiting given how much harder it is.
As someone said above, what if I exit to corp dev at a tech company after IB. Then, after I have some more relevant experience, hop over to PM or something more technical.
I think you make a good point about just going straight to SWE, PM, or MBB from undergrad. However, I feel like IB gives me better ops like PE/HF if I choose that route. Also, this may sound like a dumb reason, but my current school is quite IB-focused, so it would make sense to play to its strengths, right?
Dude, you are talking about completely different fields, one is high finance and one is tech. There is NO overlap between IB and PM. Thus, I don't understand why would want to take a roundabout way of going to IB/PE/HF, and then trying to completely switch careers to PM/SWE. Let's say you did two years of IB for example and tried to recruit for PM. First of all, this will be incredibly tough, and even if you do succeed without an intermediary step, you will have to completely build a new skillset and you'll be starting from the bottom - basically going behind in your career as you'll be at the same skillset as fresh college grad PM's. As per your school, I'm not sure what you mean by "IB focused." If you mean that your school is a target for IB, every school that I know that is a target for IB is also targets or at least semi-targets for PM/SWE/MBB. Don't choose your career based on your school's perceived strengths, and I'm sure if you actually look there will be plenty of alums from your school who have gone into PM/SWE/consulting. If you want to do PM/SWE, go into that directly. If you want to do finance, go into IB directly. If you're not sure, do MBB as that will give the broadest exit opps and give the highest chances to get into a top bschool where you will have the opportunity to reset your career. This analogy might sound kind of stupid, but would you get a law degree to practice medicine?
This is what I’m trying to do. A1 rn, would like to move into PM at a firm with a solid culture, then move into operational role or start my own.
From what I’ve heard, you will likely need an intermediary step (mba or masters, startup/tech/coding experience, consulting) before the PM jump.
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