Long story short, worked at a rating agency for about 2 years, then took a TMT banking role at a MM (been here about 6 months). Recently, an area I have been super interested in is project finance, specifically at a developer. I really like the part of the job that contributes something positive to society and you can see the actual outcome of your work.
Has anyone made a similar transition or works in the field? Would love to know if this is actually doable.
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Definitely not impossible but you may need to find a developer that is willing to take a chance on someone without an energy background. I interned at one of the large private developers and all the analysts/associates had IB/PE renewables experience.
My careers actually went Back Office (Finance division) at Tier 1 US Bank- > Project Finance at an Infrastructure Developer - > Renewable Energy PE.
So if I was able to transition from Back Office to PF @ developer I'm sure you'll have a good shot coming from IB... The trick is to get really really good at financial modelling (DCF, Project financing, debt structuring & sizing etc), the interview process will almost certainly have modelling tests and if you excel here and prove you can actually do the job your background becomes less relevant.
Mind if I PM you? It would be invaluably helpful to hear from you.
Yes of course feel free
Are you able to PM me your discord and we can have a chat -would love to dig your brain
Maybe worthwhile to transfer to your current bank’s Power/Renewable/Utilities/Infrastructure sector team, if no,t the Project Finance product team. This should give you the necessary experience to move to the developer space without having to start over again or take a significant discount on your experience (and pay package).
Project developers don’t pay well so the significant discount will happen regardless.
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