Moving from trading to IBD
Hi all,
I have juist started as an analyst on a trading team at GS/MS/JPM. But this is not what I want long term. I want to move toward IBD.
During the internship I was among the best interns but I did not want to express my doubts because I did not want to come off as having a lack of motivation. I had done an M&A and private equity internship prior to that. So I kinda fucked up.
Anyway it seems as if I do have a good profile for IBD. I was wondering if someone has any experience of making the move. Personally it’s tough for me because ideally I wanna do it internally and do not wanna move towards another “lesser” bank.
Has anyone done this in a short period of time or is this something that will take a lot of time?
Why not trading?
I don’t see myself having a long term career in it. I actually realised I hate taking risk (I am too insecure).I like project based work better. I don’t wanna be stuck to HK/LDN/NYC for the rest of my life.
I was let go from GS/MS/JPM for trying to make the move as I timed it during a layoff period. You live and you learn. A friend of mine went from sales to IBD to growth equity fine, so just be careful about it but you can fairly easily do it if you network well.
How did you cope with that and dealt with it after?
I went to Citadel/Millenium/Point72, then to a startup, and now I'm back interviewing with same bank for IBD. Global head of IBD referred my resume -- must have gotten a kick out of it, but life comes full circle.
Definitely fucking sucked knowing I kneecapped myself and messed my life up for several years, but failure is a powerful teacher.
Thanks for sharing!
You went to the buy side as a PM or an execution trader? How was that like?
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