Senior IB M&A exits (sr. associate/VP)

For senior IB M&A professionals at the Sr. Associate/VP level, exit opportunities do exist, though they differ significantly from those available to junior analysts. Based on the most helpful WSO content, here’s a breakdown of potential paths:

1. Buyside Opportunities

• Private Equity (PE): While buyside roles are more common for junior bankers, transitioning to PE at a senior level is less frequent. However, certain roles, such as operating partner or portfolio company (PortCo) leadership positions, may still be accessible.
• Hedge Funds (HF): Similar to PE, hedge fund roles are less common for senior bankers but not entirely out of reach, especially if you have a strong track record in deal-making and industry expertise.

2. Corporate Roles

• Corporate Development/Strategy: This is one of the most popular exits for senior bankers. These roles involve working on M&A, strategic initiatives, and growth opportunities within a corporation. It’s a natural fit for those with extensive deal experience.
• Treasurer/CFO Roles: At the VP level and above, exits to treasurer or CFO positions are common, especially for those with a strong understanding of capital structure and financial strategy.
• Operating Roles in Portfolio Companies: Senior bankers may transition to leadership roles within portfolio companies of PE firms, leveraging their deal experience and industry knowledge.

3. Other Opportunities

• Consulting: Management consulting, particularly at firms like McKinsey or Bain, can be an option for senior bankers looking to pivot into broader strategic advisory roles.
• Entrepreneurship: Some senior bankers choose to leverage their network and experience to start their own ventures.
• Government/Policy Roles: While rare, some senior bankers transition into government or policy roles, especially in areas related to finance and economic policy.

4. Staying in Banking

• If MD looks undesirable, some senior bankers choose to lateral to other banks or boutique firms where the culture or promotion path may be more appealing.

Key Considerations

• Flexibility: Exits are generally more flexible at junior and senior levels, while mid-level roles like VP/Director may have fewer options.
• Networking: Many senior-level exits rely heavily on relationships built over the years, whether with clients, colleagues, or industry contacts.

While buyside roles are less common for senior bankers, corporate and strategic roles offer a wide range of opportunities to leverage your skills and experience.

Sources: Am I missing something about buyside exits?, M&A consultant Q&A, Breakdown of Post-IB Exit Opportunities, Breakdown of Post-IB Exit Opportunities, Am I missing something about buyside exits?