Time to give up on IB?
30 years old.
Working as Senior Debt and Capital Markets Analyst in Corporate Treasury department of a F500 manufacturing company.
2 years big four audit, 3.5 years internal DCM analyst. CPA
Current comp: 115k + 10-15% bonus in MCOL
Goal: Move to NYC, Chicago, Florida for IB, preferably DCM as it's best fit for my resume
Question: With my non-IB background, should I be aiming for an analyst role despite 5 YOE? Comp for these roles is like 110-130, which is basically what I am making right now at a 9-5. Getting into IB is going to be hard enough for me, so is it worth it to gun for associate? As much as I want to get into IB, taking an analyst role certainly feels like a paycut, especially on an hourly basis. Any thoughts or recommendations welcome.
Salary is 110 total comp is like 170? Idk what their bonus is exactly but heard analysts are a small hair cut off coverage so maybe y60-80% bonus?kind of talking out my ass though
I would def keep pushing given your background is easily transferrable into DCM. They also work less hours than traditional M&A, so not much to lose. Long-term expect more compensation, so it's justified even to start as analyst
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