Career Advice and thoughts
What up guys/gals?
Currently at a local boutique bank and after talking with the MD recently, I want to switch to a bigger firm.
To give some color to the situation. I joined the firm six months ago as my way to get into IB. I was doing commercial lending at a lead national bank. However, prior to accepting the offer a few things were discussed with the MD:
*I wanted deal exposure and experience (not worried about the prestige or money). *Wanted to be part of negotiations, even if, I just sitting in the room *The MD expressed that he wants to grow and expand into other industries outside of his corporate experience. *All deal flow prior to me joining was through reference.
All of this sounded good to me and looked promising. However, six months into it and nothing much has changed. * We are not pitching deals (I bring it up often), few deals that came our way were through referrals (which is understandable given the size of the firm). * I am not meeting with clients (even as I express the want) * When an opportunity does come up to try advise a client in a different industry, he finds some excuse not to work with them. He is contempt at the current deal rate (looks about 2-4 a year) possible close 2 on a good year (TV size from $10 - $30MM)
Recently, spoke with the MD about future plans and what we can do to grow and he isn’t too concerned. Now my gut is telling me to look for something new. As such, I will start to reach out to my network and apply for bigger firms. I like finance and want to continuing my career in IB.
My concerns are: * Is six months too soon to try to move on to a bigger firm? * Will I have to do MBA to get into a bigger firm (don’t want to go grad school, at least not yet)? * If given the opportunity, can I put IB analyst on my resume, but only exposure to several deals (and not all of them closed)?
I do not care about starting as an analyst one, just thinking about my career and outlook.
Apologize, for the long story just trying to convey the situation clearly.
Thanks
