I worked at a middle market firm (think Jefferies and such)for 3 years as an analyst. I was promoted to associate and then was laid-off in 2008. I then joined a "start-up" M&A firm with bankers from a BB firm. The firm has not panned out to what I thought it would and I am very frustrated and just over it.
The partners of the firm made all these "guarantees" in interview and offer letter and its turned out to be a bad situation for me...No deals and the learning environment is not good. I feel stuck and would like to get some ideas or comments on what I should do.
- Get out ASAP
- Go to b-school
- pursue something else
Any comments are greatly appreciated.
I would say apply to b-school and look for something else
I would say that after 3 years in a solid MM, you should have some very marketable experience. I would recommend applying to B school (if you are interested in perhaps a career switch in general or at least a fresh start). Alternatively, I would recommend actively reaching out to other banks/boutiques, and try to make the switch. I would not, however, leave "ASAP" for 2 reason: 1) in this market, a paycheck is a paycheck and there is by no means a guarantee that you will land at another firm quickly, and 2) you appear much more attractive to firms when you are interested in leaving a company, a job in IB, to come to their firm, than when you are unemployed but looking (whether you wre fired, or quit is more or less heresay - you are unemployed).
IBanker www.BankonBanking.com [email protected] Articles, News, Advice and More Break Into Investment Banking
to business school. You already have the experience. Or try applying for other Ib's. if I may ask, what is so bad about your current firm? what did they promise you? Is the work that much different thank what you were doing in your previous firm?
I am just not learning anything and the deal flow is so slow, all we do is pitch these ridiculous ideas to companies and I get the feeling that we are not going to secure a mandate at all.
I have been here for a year and nothing has materialized at all.
Consectetur expedita esse itaque. Odio exercitationem dolor numquam a odit eveniet. Aliquam laudantium omnis culpa accusamus voluptatem maxime nihil.
Dolorem laudantium hic cupiditate enim necessitatibus. Vel ut minus corrupti veniam sint qui consequatur. Non necessitatibus et qui sit tempore nesciunt sed. Saepe voluptatem aut earum blanditiis. Modi et beatae laudantium repellat quo ut.
Sit beatae occaecati architecto. Molestiae inventore perferendis consectetur voluptas minus. Tempore ab tenetur nulla voluptas fugiat iure libero. Ducimus inventore numquam qui facilis ut eum accusamus nemo. Dolores adipisci voluptatibus ipsam rerum. Culpa illum ut rerum modi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...