CMB ABL to IB Coverage, DCM, LAF, etc..

I have been working in ABL for a major international bank in NYC (BNP, HSBC, Barclays, etc..) for a year and a half now, I will hit two years in the fall. Before this I was working at another international bank (Deutsche, UBS, Credit Suisse)  for one year in a middle office role in trading. I was in the U.S. military before that. I graduated from a major state university, non-target while on active duty (Ohio State, Penn State, UF, etc.) and really had no idea what to do with my life when I got out of the military, I actually faced homelessness for about a year before I ended up at said bank. Essentially my path to this point has not been traditional whatsoever. I have never done an internship and I have always felt like I’ve had to fight tooth and nail to just get to this point.

I am a part time MBA student at one of the T10 schools (Booth, Kellog, Stern) and I will be 75% done with my program when I hit the two year mark, I do classes on Saturday mornings and the GI bill has funded it all. I did part time over full time because I was not willing to give up working, the stint of borderline homelessness really did a number on me. 
 

I am done with ABL, I see no future in it and want more. I currently make $110k and my bonus this year was $25k but I want to do more. The work is getting boring and repetitive. All of the deals I have worked on have been LBOs involving our LAF desk. My question really is what should my next step be to get out of here? My modeling skills are solid and on par with anything you’ll see in IB, most of my work has ended up in LAF write ups. 
 

I want to make the jump to LAF, DCM, Coverage, etc… at MM operations like RBC, Scotia, ING, etc.. but I am not sure really where to start or what to apply for. I don’t know if the MBA makes me overqualified for analyst roles or under qualified for associate roles given I’m not 100% done and have not done an associate summer internship. Not sure if it matters but I have my SIE, 79, and 63 as well. I know I can network internally but that is contingent on openings, I am really looking externally. Any input is appreciated. I am planning on starting the process of changing jobs right at the two year mark in the fall. 

1 Comments
 

Numquam qui quis voluptatibus. Eum praesentium at qui labore placeat dolorem molestiae. Eum perferendis corporis itaque nobis repellat odio dolor itaque. Aspernatur distinctio sequi quo rerum delectus maiores laboriosam. Omnis repellendus qui tempora animi quo vel beatae.

Et iure et repellat omnis. Et praesentium itaque perspiciatis impedit reprehenderit consequatur repudiandae. Nemo non ratione nobis quibusdam quo consequatur. Molestiae ex culpa incidunt.

Omnis necessitatibus et molestiae magnam. Autem ad suscipit non sed odio debitis est. Deleniti non sequi modi ab amet sed. Aperiam omnis rem quaerat nihil est corrupti.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”