I’m a second year associate in a coverage team but am thinking about moving to a product team as I know the salary is better and it’s better than the team I’m in now But the position is for a senior analyst. Am I ruining my career in doing this? I’m in my late 20s so am I too old to be an analyst?
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2nd year Aso to senior analyst is quite a big setback tbh. I would understand a junior Aso role but not that. Is this a big jump from smaller boutiques to EB/BB?
Even so, it seems to much.
It’s becUse I’m in a corporate banking covg team. It’s all fx, treasury management, credit, trade and a bit of HG debt.
I’m almost certain that my comp is lower than a senior analyst in the product team.
In this case it kinda makes sense. You'll probably need c.1 year to get up to speed with the role (process, modelling etc.) coming out of CB.
If you want to be in IBD as a career, I can’t imagine actively wanting to switch from a coverage group to a product group, let alone having to take a jump back in seniority to do it.
why wouldn’t you just try to lateral to a different bank if your groups deal flow is bad?
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