I’m only in this job because I like networking - thoughts on tech sales?
Seriously, the only reason I’m in IB is because I hyped it up for myself in university. For context, no one in my market (not US) really goes hard with the whole networking thing.
I got a real kick out of sending cold emails to anyone and everyone and getting responses from people I really had no business being in the same room with as some broke uni student. I thought that any job where this is crucial to the process must be pretty cool (I came from engineering so this blew my mind at the time).
And now that I’ve been in the job for 2 years, I get more of a kick trying to win mandates rather than actually executing - corp finance is a drag which makes me think I would hate to be in PE. Plus a million other reasons why I’m sick of IB. In an imaginary world I am just winning mandates everyday without needing to worry about execution or busting my ass putting together the materials
What does this mean for me? Should I have been in something like tech sales all along?
Looking at the background of people in sales, not to complain that it isn’t prestigious, but it certainly doesn’t seem like the barriers to entry are very high. And realistically unsure of how well I could actually perform to minimise the pay differential to make it worth the leap across. So seems like potentially a big risk to give up the privileged seat I have - which I suppose is the classic investment banker fallacy.
Anyone who has explored the path further able to please give some advice? Should I consider strategic finance/corp dev at a tech company first to get some exposure?
VC
Bumping to come back later but TLDR for my thoughts are that you should switch to a coverage group for a sector you like at an "eat what you kill" type firm.
If you still want to stay in the deal world, sounds like you’d like PE BD. It’s all networking with minimal execution in most cases. Has become increasingly competitive to break in over the last few years, though.
I’d recommend growth equity too
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