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.

7 Comments
 

Based on previous WSO threads, here are some strategies and advice for dealing with your situation in a mid-tier IB group:

  1. Networking and Lateral Moves:

    • Networking: Start reaching out to your network and expand it. Connect with alumni, former colleagues, and industry professionals who might help you find opportunities in other groups or firms.
    • Lateral Moves: Consider lateraling to another bank or group with better deal flow. This can provide you with the modeling experience and transaction exposure you’re seeking.
  2. Skill Development:

    • Self-Learning: Use resources like WSO guides, Mergers and Inquisitions, and Breaking into Wall Street to improve your technical skills. This can help you stay competitive and prepared for future opportunities.
    • Certifications and Courses: Enroll in financial modeling courses or certifications to enhance your resume and demonstrate your commitment to skill development.
  3. Resume Management:

    • Highlight Relevant Experience: Focus on any relevant experience you do have, even if it’s limited. Emphasize your analytical skills, attention to detail, and any involvement in the deal process, even if it’s not modeling.
    • Project Work: If possible, take on side projects or volunteer for tasks that can give you more exposure to modeling and deal-related work.
  4. Long-Term Strategy:

    • Evaluate Your Goals: Reflect on your long-term career goals. If investment banking is your passion, consider the steps above to transition to a more active group. If not, explore other finance roles that might align better with your interests and skills.
    • Stay Positive and Patient: Career development can be a slow process. Stay positive, keep learning, and be patient as you work towards your goals.
  5. Seeking Advice:

    • Mentorship: Seek advice from mentors or senior professionals who have navigated similar challenges. They can provide valuable insights and guidance on how to move forward.

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)

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