Moving from a Market Data provider to Banking

I've been out of college for approx. 3-4 years now and I currently work in the financial services industry in NYC. I was hoping to receive some advice on making the jump into investment banking (M&A, DCM, ECM).

I work at a market data provider that covers fixed income markets and I've gained a solid understanding of the markets we cover (don't want too be too specific but PM me and I can elaborate). I've also gained a fair amount of contacts in the industry. Also, if it helps I come from a "non-target" and never did a summer analyst internship.

Ideally, I was hoping to talk with anyone that has made the jump from a data provider to banking. I know the first step would be getting in touch with my network and working through referral but in-addition to that what else can I do (that's actually effective)?

Are there headhunters/recruiters that would be willing to work with me? Any leads here would great. How does someone inside the bank view someone with a background at a data provider? vs a newly hired analyst from school?

I'm open to all ideas/suggestions and thank you in advance!

0 Comments

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
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...”