Transportation / Infrastructure IB - Career Crossroad

Bit of a rant here, but am at a crossroads in  my career and would appreciate some advice / insight from my fellow monkeys.
Just got the A2A promotion at an upper-mid tier BB (think Citi, BofA, CS) in Industrials, and have spent the majority of the past two years primarily covering Transportation & Logistics.

Non-target background, haven't done much M&A as an analyst, and struck out pretty badly in buyside recruiting. I waited to recruit until after I got the promotion (probably a mistake, but didn't really have the time to learn the technicals I wasn't learning on the job). I also wasn't entirely sure what I wanted to do for the next leg of my career, but knew it wasn't going to be vanilla MM PE (which is where most of my peers seemed to be heading).


Thus, having spent two years covering transportation and observing the macro environment for the last 18 months, one of my most interesting thematic takeaways was the freight and supply chain disruptions impacting all facets of the global economy. It seemed that the perfect intersection of my experience and interests lied in infrastructure investing, specifically within transportation infrastructure.


Unfortunately, it seemed that my lack of M&A experience (one failed middle market sellside) and weak technical performance got me dinged from like ten infra PE processes, and even an infra corp dev role which should have been easy money. I'm sure I could land more interviews, but I don't see these going materially different from the first set, and with work starting to ramp up again, it doesn't seem like the optimal allocation of my time and energy.


It seems that my best option is to pursue this interest in transportation infrastructure from the sellside. Seems like I'm in a great position to build my career in banking coming out of my analyst program. The comp is great, and I've spent two years learning how to navigate the hours and culture of my group (albeit the return-to-office has slightly dampened my WLB outlook). It also seems like I'm going to have to work hard to own my niche here and get some actual deal experience in the sector, which I could eventually leverage for an exit to one of the top players in infra banking (PJT, Evercore, Macqaurie, MS) at the senior associate / VP level. 


Would appreciate any input on this outlook from anyone who may have found themselves navigating similar situations. Not ashamed to say my ego took a massive hit from all of the rejections.

 

Et molestiae dolorem commodi alias nihil. Fugiat explicabo vero odio est culpa aut. Qui fuga earum nihil aspernatur. Ut in natus qui corrupti laboriosam et vitae.

Sint officia repellendus sunt amet. Qui nulla doloremque et laboriosam iusto officia in. Dolor libero fuga ex explicabo id eligendi. Ipsa dolor beatae aut qui architecto sit ad. Explicabo aut veniam aut minus.

 

Ut quam voluptatibus molestias ut officia et dicta. Quis quo itaque a ea rerum incidunt. Nobis quo numquam facere nesciunt eos ratione nobis velit. Quaerat quis et vel natus voluptatibus.

Dicta placeat ea harum aut. Dignissimos tempora consequuntur dolore eius. Eos atque sint sequi vel nobis.

Magni consequuntur dicta quasi voluptatem dolores corrupti. Est voluptatem molestias veniam quo officiis. Iusto doloremque blanditiis ipsam laboriosam. Quia eos consequatur sint eum.

Qui soluta nam nulla provident totam nulla. Inventore illum est est et voluptates. Fuga officia id et ut rerum quis tempore commodi.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”