Is Career Banking Feasible for me?
Hi, first of all, thanks for taking the time to look through my dilemma.
So, I am a first year analyst who just completed their SA stint at a mid tier BB (Citi/BAML). I know that most analysts go into the buyside from my firm (specifically PE/VC). However, I have been thinking if that is truly something that I genuinely want to do. I know, especially on this site, that the buyside is kind of glorified and where all the "top" analysts go. I would say that I did fairly well in my summer stint, but to be honest, I don't feel a true passion for the buyside.
Maybe it's just me, but I am not really a finance hardo where I love to look at financial statements and model, even if the work is "more interesting". I thought work over the summer was average, as in, the hours. The BB I am at isn't a sweatshop, nor is it the chillest. I would say 75-80 hours average. It's been fine so far.
Regarding long term, I believe I am more interested in the sales aspect of IB. I think I am a pretty personable guy, and I think what attracted me in the first place to IB was more of the client-facing work that you get as a VP and beyond. Don't get me wrong, I am a firm believer that you have to put in the monkey work as an analyst and even kind of as an associate, to ever be in that client-facing role. But for now, that's kind of what I want I guess — being a career banker.
Is this feasible? If I can simply endure the hours for 6-7 years, will that mean I will rise to that level. Is it odd that I have no real desire to go into the buyside, even though I would consider myself a pretty good analyst?
TLDR: So that's the context. I am at a BB with no genuine desire to go to the buyside. If I can endure the hours for 6-7 years, is it worth it/can I make it to the VP level? Right now obviously I can see it, but will banking be so unbearable to the point where I won't make it? In that case, I should just start recruiting for the buyside.
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