From Broker to IB Banker is it possible

let's say I take a position as broker at firm to break into the industry and get my Series 7 and 63 licenses,and then later on move into the IBD of the firm or at another firm after having gained some experience in the industry or are you just destined to be a broker for the rest of your life??.

5 Comments
 

It's definitely possible, but I wouldn't make it your first choice. There's no one path to IB. You're not going pick up valuation and financial modeling skills as a broker but you can always practice on the side. If you truly want to break into IB, I would recommend applying to a boutique, there are hundreds of them. You'll pick up a better skillset and have a better chance of lateraling to a better firm. As a second choice after IB, I would also recommend checking out valuation jobs, Big 4, D&P, and other valuation shops.

AgainstAllOdds
 

Very tough without the right person pulling for you and even then, highly unlikely. Also, if you go into a "broker" role with the attitude of immediately getting out, you're likely to find yourself out of a job before you make the necessary contacts for a move.

 
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