IB in mid groups is hell. What should I do looking for advice
Think I was misled about my groups Dealflow. We have second year analysts that have never modeled for live/closed transactions. It feels like 90% of my jobs in ppt or formatting charts and tables in excel to import to ppt. Hardly any modeling. It’s like I’m just making a ton of stressful book reports. Neither stimulating nor useful in terms of career development. People at mid IB groups what do you do? What’s your plan? How do you handle dancing around your lack of deals on resume when trying to leave? Hearing my friends do deals and model is even worse. Feel like every day I stay here I fall behind.
Based on previous WSO threads, here are some strategies and advice for dealing with your situation in a mid-tier IB group:
Networking and Lateral Moves:
Skill Development:
Resume Management:
Long-Term Strategy:
Seeking Advice:
Remember, many professionals have faced similar challenges and successfully transitioned to more fulfilling roles. Stay proactive and focused on your career development.
Sources: People who didn't make it into IB: What are you doing now?, Long Term Career in IB | What is the Strategy?, Post MBA IB: deciding which group?, DCM Escape Plan?, Q&A: Semi-Target/3.5GPA -> Mid-Tier BB IB SA (Advice/Ask Me Anything)
Agree. You either want to be in a good group with dealflow, or a bad group that knows they’re bad. Mid groups trying to gain share are constantly pitching on things that go nowhere.
Do some soul searching to see which camp you fall into, then make moves.
So what do I do now? Try to lateral? Or just wait it out and try my luck w the buyside. Imagine I’d be settling bc Idk why they’d hire someone without any deal experience
Try to lateral asap to improve buyside chances
Sounds like UBS NY Tech, there is thread out there with some tips on navigating that group
I would not characterize them as mid tho.
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