Potential next steps in the current job market
There's no denying that the current job market isn't great, and it only adds an additional layer of pressure to my current situation, and I would appreciate any advice on here. Without going into too much detail, I don't see myself at my current firm for another year, or even the next few months, whether that's from me reaching an extremely dark place where I have to quit without anything lined up or being in the next batch of cuts soon.
Some background info:
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Graduated from a well-regarded college and completed several IB internships
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Been in an industry group at a BB for the past ~18 months (ignore title)
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Have a very non-traditional academic background with specialized work experience within that field (think medical research, scientific-related, etc.)
I've upped my networking and HH calls and started to receive responses, interviews and last rounds that can potentially lead to offers. I initially thought about going for these interviews regardless of the role, firm, and even sector, to simply practice and be prepared for when the more desired gigs come around. Is this the right approach or should I be focusing my energy on roles I actually want? Could I be burning bridges with decent HHs if they lead to an offer but I back out?
My "best-case scenario" would be to lateral to another IB to do another year or so, and then look to go into GE or PE. Specializing in Healthcare would be great but I’m open to related sectors. However, with most banks having hiring freezes and buyside firms not having openings in my chosen field(s) or level, this seems unrealistic right now.
As I approach the later interview stages in several roles, I'm curious to know what views or experiences there are on here, bearing in mind I want to go into GE/PE in the future:
Option 1: Consulting - Better WLB but cut in salary. Not sure how this will look on my CV to go from IB > Consulting > eventually buyside or if the process will be harder coming from consulting at this point
Option 2: VC – Admittingly, I am more drawn to GE/PE investment approaches rather than VC, but also think this role will excite me as I'll be using knowledge from my degree and work experience. Although, this is very different from GE/PE and may look less favourable compared to someone coming straight from IB. Please correct me if I’m wrong here
Option 3: Corporate Development - Better WLB and still doing similar stuff in IB but on the other side. Not a role I'm super keen on but happy to do it to get out of my current situation until the market picks back up
Option 4: Investor Relations - Again, better WLB but concerned this move could be shooting myself in the foot when wanting to move into an investment role later down the line
Option 5: No name/lower ranked IB firm - Same reasons as option 4
Option 6: Go back to college and do a course that is either medical or finance related - potentially shooting myself in the foot again
I'm not aiming for a mega fund in future and don't mind working a lot of hours for the next few years. I would ideally want my next move to position myself nicely for future buyside recruiting while learning as much as I can. Open to other suggestions too.
I'm not the person to answer this but bump for visibility. Good luck!
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