IBD Exits (no buyside please)
Sup monkeys,
After about 4 years of IBD, I am finally sick of it all. (If it helps I work in a product team, did Leveraged Finance for a while then fixed income capital markets for the rest)
No intention of ever going to buyside (at this point, if I move to a PE I'll just be a DD monkey for another few years reading through thousands of pages of bullshit for every crappy company I come across).
Monkeys that have left IBD for greener (or otherwise) pastures - what are some of the exit opps you guys have considered (that are NOT buyside)?
Reasonable Corp Dev roles are not that common either. I've even seen some people who moved to credit rating agencies or mid-office - I'm open to ideas.
Muchas gracias.
I don’t have anything of value to add — just curious what do you mean reasonable corporate development roles aren’t that common?
Buyside! Ha! I did it anyway! Eat shit pussy!
What do you mean in terms of “reasonable” Corp dev jobs (as in adequate pay, or reasonable hours, or trajectory)? It feels like a lot of tech firms (Google, FB, Amazon, etc) and large corporates (like Disney) have strategy & Corp dev type posts on LinkedIn all the time (or at least frequently enough). Some of the later stage and more mature startups can have similar functions.
You could look at strategy type roles. Sometimes they are with Corp dev, so you get a mix of both, which can be quite interesting. It can be at the corporate level, or by overarching business unit (e.g. GS, MS and pretty much other banks have strategy groups for their investment bank/capital markets).
I know you said no buyside, but banks also have strategic investment arms that can be pretty interesting. These days they are looking at a lot of enterprise startups and fintechs that they can invest or partner with. You can get exposure to a lot of interesting companies and technologies (seems like a lot of startups trying to use AI, though only so many are actually worthwhile).
I kind of just rattled a bunch of suggestions off the top of my head. But we probably should have started with “what are you looking for in your next role?” And “what do you like and dislike about banking?” That would help narrow down suggestions.
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