ER Job in Tier 2 city vs continuing to look for FT IB/ER in Tier 1 city?
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Is this a troll? Take the offer bro… grind it out and pass your series exams in Milwaukee / St Petersburg and bounce to nyc when the market improves
If I was deadset on ER as a career I'd agree with you, but I think I'd prefer to start my career in IB, which I may have not made clear originally. From what I've heard it seems easier to get a first year analyst role at some random boutique or filling in an open spot at a larger place than lateraling from ER to IB after a year or two - do you think going from ER -> IB like that is feasible?
Hmmm ok ok - yea then I’m not too sure man. Why not take the ER job and then try to do IB recruiting like you mentioned above (random openings and random boutiques)? Again from what I understand the market is cooked. Tough to find any job tbh.
yes its feasible. I did the ER to IB jump (same sector / coverage space) and the experience translated very well.
Take the job you have now, I'm in a similar position, took an ER job last year on the west coast, waiting for market to pick up and I'll try moving to IB and to a better city. When I network with bankers many of them mention that when they are looking to hire someone they look at ER candidates if IB candidates aren't available.
A lot of the job listings for IB that I see require IB experience specifically - are you suggesting that that can be bypassed with good enough networking? Or more that if they don't have any candidates with IB experience then ER is next best?
Networking and also job market improving. Rn there's bunch of people laid off available for banks, so they won't try to look elsewhere.
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