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).
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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.
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