Tried and hated PC, will I hate IB?
So I did a private credit internship, and HATED it. Just not for me. Does this mean I would probably hate IB as well? For reference, this was a smaller fund that did mostly asset backed lending, in NYC. I was originally planning on recruiting for IB, but sitting at that desk just grinding out models to underwrite a bunch of debt for 8 hours a day, with barely any human communications, was miserable. Thinking I might need to rethink my career plans. Am I right to think if I didn't like this, I'll hate IB? Or am I being shortsighted?
I mean at some kinda level it's all the same, but also different if that makes sense. Your office, group, and their cultures (whether the same or different) make up a lot more of whether you'll like it or not
The people in the office were very kinda , just quiet and not much communication. I just got bored AF grinding underwriting private debt for hours on end, more so than any other job I’ve had.
Try out IB. Depending on firm and culture, but would generally say banking involves so much more than grinding on models. Will be a lot more communication with your team and calls with client / third parties, for e.g. setting the investment case. Also, a lot of powerpoint in addition to the excel work.
Curious, as I know lost go into IB with the hopes of exiting to PE, would you say PE would be more like in ib or what I did private credit in the sense of being much more than just grinding out models as an analyst behind a screen all day?
Hey man, know this is an old thread but just wanted to ask if you broke into IB and what the process was like, in a similar situation and don’t know what the process of going from PC —> IB will be like
Don’t do it, there is no bank
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