I currently work as a Corporate Banking Credit Analyst for a large international bank. Does anyone have insight into exit opportunities?
From what I heard, most exits consist of Loan Syndication/Leveraged Finance, DCM, Relationship Management within Corporate Banking, and the occasional exit to Credit oriented HF.
My goal is to exit into IB (most likely an MM firm). Thoughts on how to approach this?
| +22 | Layoff Stigma | 12 | 1d |
| +18 | Down bad for career advice | 3 | 1d |
| +18 | Don’t underestimate how risky joining a startup is | 3 | 1d |
| +18 | Advice for incoming freshman @ target | 5 | 23h |
| +14 | Feeling behind | 2 | 8h |
| +14 | How to approach moving offices within a national brokerage? | 3 | 2d |
| +13 | Feeling pigeonholed due to past internships | 3 | 3d |
| +10 | Low Tiew Consulting vs Middle Office at an mid-size Investment Firm | 2 | 3d |
| +9 | 2027 FT IB Recruiting from Private Credit | 4 | 5h |
| +9 | Need advice - reentering industry | 1 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Out of curiosity, why do you want to exit into IB?
I've just started my career and rather not pigeonhole myself as a "credit guy". I would only do it if I were to lateral to a Credit fund, but there are not that many where I live. IB seems like the best place to get a broad base and then make a jump from there.
I am targeting to get an M7 MBA in the future as well, so IB may help more from that front.
Makes sense. I’m in Corporate Banking also and know what you mean about “pigeonholing” yourself in credit. Similar to yourself, I would like to jump to IB however I would have to move cities. I think I’m just going to stick it out and hope to move to the relationship team in the future.
I have seen two individuals from my team move to IB, specifically LevFin and DCM. The DCM guy went to a MMB. He said the transition was easy, just his hours essentially doubled. The other transferred within our current bank into LevFin.
I see. If I wanted to move internally, I'd have to move countries since my bank does not have an IB presence where I am located (Canada). As well, I'm pretty only RBC has an actual Lev. Finance team.
My best bet will most likely be Loan Syndication or DCM areas but will definitely try to network and get a foot into Big5 or Boutique.
I made a move from CB to IB (advisory) through internal networking. Would have suggested an internal move but that seems difficult. I would probably target moving to an institution where CB and IB are in the same division /location so you can network internally. Would still target CB (relationship) roles for the time being.
Thanks for the insight - will definitely try to do so. Seems pretty hard overall, especially in Canada.
Will probably focus on completing the CFA charter before networking hard for an IB role.
Itaque ab ut eos. At animi eum laborum nihil provident exercitationem harum. Tenetur saepe distinctio id.
Veritatis facere est eum quo. Et mollitia suscipit quos praesentium dolores ullam. Odio repellendus nostrum laborum beatae quo officia dolores veritatis.
Dolor eligendi nobis occaecati molestiae iure. Excepturi dolor omnis consequatur. Et eveniet deleniti modi non consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...