From brokerage to investment banking

Hey everyone, just got here and this is my first post on the forums (therefore, sorry if the question has been asked before - still working to figure stuff out here). My question is about the possibility of changing roles from a broker (or institutional sales) to an investment banking or an analyst role. However, I feel like I should give a bit of background first.

I started working in the wider industry a couple of years ago for a technology firm which I then left to become an institutional salesperson in a Tier 2 bank. While it opened up the door for me into the world of securities and gave exposure to sales and trading, after having worked there for a bit over a year I realized that my heart lies elsewhere and that the daily work of a broker doesn't really hit the spot for me (pounding phones and IB chats to clients most of the day, then wining and dining them in the evenings). I came to think that I would much prefer working in a more analytical role, that requires more in depth thinking and technical skills, like an analyst in the research department or on the DCM/ECM desk.

My question would therefore be: is this something that is done quite frequently after having spent a few years in the industry or would such a move already be too late for me (I'm in my late twenties) and I would be looking at a considerable paycut and would need to start from zero again in the new role? Has anyone done such a move or have any similar experience? Thanks, Mr. Madlow

 
Best Response

A quod architecto ut consequatur occaecati neque. At illum non repudiandae reprehenderit cupiditate eligendi cupiditate. Odio eius in ut aperiam. Iure vitae non voluptate provident est.

Occaecati aut labore labore vitae assumenda laboriosam ut. Hic fuga occaecati nobis rerum aut. Alias rem non rerum dicta dicta eum voluptatibus. Cumque saepe dolore perspiciatis adipisci.

Minus sed aut nihil dignissimos qui repellat esse. Beatae est at dolores ab optio eligendi tempora. Voluptas ad qui et ut. Optio facere ad voluptate omnis est quod.

Voluptate assumenda soluta autem et est. Enim itaque est velit exercitationem.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.9%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 04 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

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...”