Super Accelerated Promotions Possible in BB/EB IB?
Hi all, was wondering if rapid and accelerated promotions are possible in BB/EB IB for someone joining as a post-m7 MBA associate with pre-MBA IB analyst experience at a small boutique. I know shaving off a year or so is possible in some circumstances, but assuming an associate is really, really talented, is it possible to accelerate promotions to the extent of AS2 --> VP in 1 year, VP --> Director in 1-2 years, and Director --> MD in 1 year? Or even straight promotion from VP to MD within 1.5 years? Does anyone know of any individual who has done something like that previously?
Nope not possible unless your emmanuel macron
Get your own clients, earn your own revenue, and network like a lunatic - need everyone in your corner pushing for it. Even then, you’ll need an outside offer and threaten to leave, which leaves a bad taste in peoples mouth.
As an MBA associate, it will be impossible to get vp early- people take the 3.5 year program as a right of passage if you didn’t do A2A.
No is the answer
Absolutely not. It can happen in S&T - you see 30 year old MDs there who bring in millions of profit for the firm because they eat what they kill - but no client wants a 30 year old IB MD advising them on a megamerger. It's an apprenticeship model and you just have to do your time.
That year shaved here or there is really the existing "superstar track"
You’re not in a revenue generating role, so no. You can maybe get pumped from VP to director in 2 years instead of 3, but that’s about it
Haven’t heard of anyone getting to MD in 5 years but I’ve definitely seen people get there in around 10 years+
Side question but if one has an outside offer can this be leveraged to accelerate promotion or negotiate a bonus ?
let’s say you are aso 1 at BB and have an EB offer but you don’t want to move to EB ? Can you threaten to leave to generate an outcome in $ or early promote in current firm?
If you are valuable. Otherwise they will help you pack.
How valuable should one be ? A superstar or being top bucket is enough?
Quickest I’ve seen in my current EB is a guy who got early promote every rung so made MD in 8 years (I’m in an EB) but he didn’t come fresh from nothing at analyst level and had 2 years of experience in TS
also that’s extremely unusual
Norm now by the way is more 4 years between D and MD and it’s no way guaranteed- seen plenty of Ds leaving when it’s apparent they execute well but have no $ generation potential
Would the same line of thinking expounded above apply to roles in product groups such as structured finance and spread financing etc?
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