Risk mgt role to IB
Is it possible to move to ib from risk related roles? Have you seen anyone do it? (US and Canada)
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Based on the most helpful WSO content, it is indeed possible to move from a risk management role to investment banking (IB). There's a specific example in the context where an individual transitioned from risk management to an associate position in IB. This person mentioned it took 7 months of intense networking and preparation to make the change. So, if you're considering such a move, here are some steps that could increase your chances:
Networking: This is crucial. Connect with professionals in the IB sector, attend industry events, and reach out to alumni or any contacts you may have in the field.
Preparation: Brush up on the necessary skills for IB. This could include financial modeling, understanding of financial statements, and valuation techniques.
Education: Sometimes, further education like an MBA can be a helpful bridge to pivot into IB, especially from a more technical role like risk management.
Leverage Your Experience: Highlight how your skills in risk management are transferable to IB. Risk management involves analytical skills and an understanding of the financial markets, which are valuable in IB.
Be Persistent: It may not be an immediate transition and could require patience and persistence.
Remember, while it's possible, such a transition would likely require a junior role in IB to start with, as the skill sets, while overlapping in some areas, are different in others.
Sources: The best of the back (or middle) office?, IB chance VS Ops sure thing, I don't know if investment banking is right for me anymore, Why do IB directors change shops?, Transitioning from tech to a serious finance job (yes, you read that right)
Bump
If some stranger on WSO (most likely a college student) says no, are you just gonna give up and not try? Just put your head down and grind instead of asking for validation
Comment of the year
Yup I went from credit risk management to levfin- basically just need to be aware of internal job postings and immediately reach out to hiring managers and teams you’re interested in
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